Do I need a License to teach tech analysis ?

J

jeffrey3

Hi,

Some of my friends have expressed their desire to learn technical analysis as well as a system that I am using. In return they might donate some amount of money If they feel that they have learned something that valuable & might be useful.

Some of them are my friend's friend & thus strangers to me.

I would be grateful for any advice.

Thanks
Jeffrey
 
So do the famous people who write TA books ?

How about having them sign some agreement that " this is for educational purposes & not a trading advice & I would not be held accountable for any losses they incur using my TA " ?
 
Pekelo said:
No, but you need a good lawyer when those people start to sue you after they lose money using the TA you taught them...
More...

Teaching individual clients could be problematic!?

How about if never give any individualised advice?

Perhaps a book or signals service should be OK, I think. But I don't know for sure.
 
There are thousands of TA Books.

I would like to teach them specific methods that at least work some of the times rather than them spending weeks or years trying to find what works. I have already done that. I do not have a holy grail but something that will be useful to newbies & even not so newbies.
 
jeffrey3 said:
Hi,

Some of my friends have expressed their desire to learn technical analysis as well as a system that I am using. In return they might donate some amount of money If they feel that they have learned something that valuable & might be useful.

Some of them are my friend's friend & thus strangers to me.

I would be grateful for any advice.

Thanks
Jeffrey
More...

A snake oil salesman certificate will do just fine...
 
Just open an educational company , and have huge disclaimers.
Nowdays, there are so many trader training companies, that one more
is a good thing: more choice for public.
 
Brother Jeffrey...

If your system is working, why would you give it away?

Because they might donate some amount of money?

Really?
 
As far as I'm aware you don't need any such license (this applies to New York state). However, the trick is not to appear to be giving specific recommendations to buy or sell, there you're already walking into investment advisor territory which means you have to register as an RIA or CTA. That's why you often see disclaimers.

There are enough people out there with good money to spend who want to learn how to trade, so I think you'd definitely have a market. Problem is you're competing with a lot of people, and if I were to hire you to teach me I'd be interested in seeing some proof that you know what you're talking about (in other words, a record of profitable trading). If you can do that, you'd stand out and you can charge more than the two bit Charlies out there hiding behind a screen of anonymity. Otherwise it's the blind leading the blind.

Also, take a look at Adam Grimes's website. He has a free course on technical analysis and trading in general (an excellent course btw). If you can add value beyond that, e.g. offer solid templates of ideas you've tested, that would be a good idea.
 
You must log in or register to reply here.
Back
Top