I think this a fine post (though it could use the odd paragraph break here and there). I was once staunchly in the “never pay for trading” camp because it is all available for “free.” Now, I am not so sure.
Is it free? Books cost money. A lot of books cost a lot of money. Not free.
The internet has plenty of free content. Some of it is good, most garbage. It takes a lot of time to wade through the muck to find the good stuff. Time is money. If someone can present the good stuff in a decent enough format in a few weeks then it will save the newbie time and remember, time is money. A LOT of time saved is the equivalent of a LOT of money. And the complete newbie, wandering around in the muck of the internet, has no idea what is good and what is garbage.
As for successful traders teaching instead of trading: The amount of $75,000 was thrown about. A decent enough living from trading, most would agree. Why teach then? Well, $1,000 per student X 100 students = $100,000. And that is the first course of the year Do that every quarter and you are making $400,000 a year. I have seen many courses offered for $3,995. Yes, some of those million dollar traders are actually million dollars teachers of trading, not traders who teach.
So, technically, yes, a profitable trader can make more money doing less work through teaching than by actually trading. Smart move if you ask me.
The one and only problem I see is that most courses are (mind you, I have never taken a course) as worthless as the majority of the content found on the internet. How to know which is worthwhile and which is worthless?
The answer to that question is: I haven’t a clue.