Quote from textrader4:
Ev,
In my opinion Option A is the best way to go. Option B is usually a scam. In Option B you give these guys money for education and maybe they will let you lose a little of your money and then comeback and ask you to take another class. And what do you get? Old videos showing you support and resistance, or some "set up" that you can find in 100 different trading books.
Not necessarily. It depends on the situation. People have different learning styles and many people prefer to find a "one-stop solution". A few years ago, I was far more likely to recommend the the first choice because the places like T3, SMB were charging a ridiculous amount but it's been the better part of a decade since those type of firms started gaining market-share. There's a lot of competition in that space so products have become more attractive and comprehensive over the years. There's also more access to experienced traders & things of that nature.
There is value in both type of options. "What's best for me?" is a subjective question in and of itself. The way the costs are accumulating, the most affordable way to "get your feet wet" or learn part-time have double and tripled in price over the last 2 years. My experiences have led me to these conclusions. A few years ago, I would have never recommended T3 or SMB BUT looking at the options new and intermediate traders have these days, those programs, particularly the ones like Maverick and Alpha 7 which are more affordable at like 3k, offer someone looking to learn the most opportunity for the least amount of upfront investment - which I personally believe is in the best interest of a new trader. I've seen so many cases of people blowing up their accounts over poor risk-management when they start that the self-education model doesn't help you accelerate your learning curve quickly enough to cut down your risks and keep yourself alive.
In a perfect world, everyone would be self-education but people these days are so lost and confused that it seems most people I run into can only progress with baby-steps. just my 2 cents.