They can only provide knowledge and tools.
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You seem to me a little naive.
Its a big question what is this knowledge they can provide you with.
I don't think there is another business on the planet where you are in danger of learning
absolutely nothing (outside of lesson in randomness) if you are watching the wrong things.
It would be like Roger Federer began training tennis using baseball bat instead.
I wasted years looking at nonsense and that is precisely what you`ll be getting from
this "trading gurus".
I'm sorry. I disagree. I hear the same argument against college. In fact, you hear this all the time on ET. Why should I spend 100k listening to some professor who couldn't hack it in the real world teach me about efficient market theory. I'm sorry bud, all knowledge is good, even bad knowledge. Traders live and die on information. That information is agnostic for the most part. Meaning it's not presented with a value sign on it. It's the trader's job to create value from information. I'm not disagreeing that most vendors provide crap. I'm saying they have a right to do that and place that crap in the market and receive whatever price the market will bear. This is true of ALL industries. In fact if you compare spending 150k on 4 years of college vs say 2k to 5k on a handful of lousy vendor services, many will argue that you will come out far ahead with the vendor services. Not because the quality is higher but because you paid less for it in both price and time. You as a consumer have to take ownership of your choices and what you purchase. And not simply lay the blame on the seller. You are suppose to be intelligent enough to find the value in the things you purchase. Ironically, that is the very skill set required to be a good trader. Imagine that.
No and see here is where the problem lies. NOBODY can make you a profitable trader. NOBODY. These vendors are in the "education" business. Yes, I know they sell a dream and hope and potential and all that jazz but so do college universities and they can't make you successful either. They can teach you math and science and managerial accounting but they can't make you successful. They can only provide knowledge and tools. It's no different from the vendor business. They can teach you about options, futures, FX, spread trading or even how to program, but no, they can't take someone and show them a formula and suddenly off they go to riches. I mean surely we all understand that here. We're all adults. I get it, they push the fantasy aspect hard. So do multi-level marketing companies like Amway. Sign up 5 people and you too can make millions. Almost all marketing involves some kind of fantasy aspect to pursuade people to buy their product. But the vending business is about education. Do they deliver on their contract yes or no? If they don't, we have a legal system where we can seek re-course. But if you honestly believe that spending $500 on an FX course is going to make you profitable, then the problem is not them, it's you.
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Everyone with any street sense or half a brain have a few feelings about you:
A). You are a scumbag
B). You are a shill, who tries to hype up retail trading for online brokerages
C). you are a troglodyte with 5 quazillion posts who is so full B.S. you are about to float away
D). All of the above
Nothing but a clown and hack with an unwarranted ego who tries to market a dream in rigged monopolized game to retail speculators/gamblers that lose 99% of the time now, compared to 80% of the time when there was open competitive trading pits with thousands of market makers competing against each other, instead of one centralized CPU.
FYI, "two floor traders", STFU there are no pits left, check the CME exchange trades yourself almost 100% is an online exchange. "make more on a bad day" you are such a douche even when there was competitive pits, floor traders looked bankruptcy in the eyes everyday. Outliers could make 7 figures a year, but could blow up, anytime, anywhere in a week. Most made a middle class income.
Let me guess you are going to sue me now, oh wait your B.S. scare tactics do not work on real people.
Run along now bozo, go sell your snake oil somewhere else to take advantage of the naïve and gullible.
Bad analogy. You get a diploma if you go to a university, but you get only hopes and dreams when you buy BS courses from these vendors.
You seem to me a little naive.
Its a big question what is this knowledge they can provide you with.
I don't think there is another business on the planet where you are in danger of learning
absolutely nothing (outside of lesson in randomness) if you are watching the wrong things.
It would be like Roger Federer began training tennis using baseball bat instead.
I wasted years looking at nonsense and that is precisely what you`ll be getting from
this "trading gurus".
How is he a scammer? You guys are way too cynical around here. At least he is managing money and actually trading. Most vendors don't even know the root ticker symbols of the crap they talk about. I'm not saying his course is not crap, but a scam? Come on.
Yeah bad analogy.
Most vendors sell snake oil.
Most colleges don't.