Well... I can't really comment on those sites, since I am not familiar with them. I only comment on things that I have had at least some experience with.
Here's the thing:
The most useful thing that any "guru" is going to teach you about trading is stuff that you can get from any decent trading book, and stuff that you have probably heard a thousand times before. Things like cut your losses short, let your winners run, be patient, don't be greedy, etc., etc.
Their individual methods are no better or worse than any method you could come up with yourself. The problem with a lot of new traders is that they want someone to sell them a step-by-step system for how to make money.... but they don't realize that there is no such thing as a step-by-step system for how to make money in the markets, and there never will be. "The market" is nothing more than all the other human beings in the world performing actions that are specifically designed to take your money. How can there be a simple method to always beat them? There can't be.... if there could be, it would have already been programmed into a computer, and that computer would have made all the money in the entire world by this point. Do you really believe that this is possible?
If I wanted to teach you how to bake a cake, I could give you a set of instructions, and you could follow them. If you've never cooked before, the first cake you baked might not be that good, but you could at least still eat it. The second one would be better, and by the time you were making your tenth cake you would probably be pretty efficient at it. This is how a lot of new traders approach trading, and how a lot of charlatans on the web and on TV sell it - "just follow our simple system and it will all work out for you".
But trading is not like baking a cake at all. Baking a cake is an activity that is not all that difficult to master, and works exactly the same every time you try it. It is repeatable. Every time you put that cake in the oven, turn it to 450 Farenheit, and leave it for an hour, you will get a cooked dessert. EVERY time. That's why it's easy.
On the other hand, things do NOT work the same every time in trading. You can have a chart pattern that looks very similar to what an instructor showed you, and the time you try to trade it, it won't work. Patterns are not 100% repeatable in trading, and indicators are not 100% reliable. Most new traders can't deal with this uncertainty, and as a result they decide to go in search of a "teacher" who will take all the uncertainty away and lead them down the simple and easy-to-follow path to profits. The problem is, even if you get a relatively decent teacher, it doesn't mean that his or her method will work for you. You have to find your own way to deal with the uncertainty of the markets, and one person's method or approach may very well not work psychologically for another person.
In addition, there are a number of "teachers" out there who really aren't that good, and who have their own issues which they will pass on to you. Case in point: the guy being discussed in this thread who sits there all day and doesn't trade, missing out on 20 point runs in the S&P. That is a STUPID trading method. You shouldn't be learning that crap. Yet if you don't know any better, you could sit there for months and not only waste your money but learn tons of bad habits.
Trading is a darkened maze... you have to stumble through it yourself and figure out what works and what doesn't work... for YOU. There are certain things that are true for everyone, but those are mostly psychological things and can be learned for free from a book.
In the end, to make money in this game you are going to have to be better than 9 out of every 10 people at it, because only 10% of traders actually make consistent money. Do you seriously believe that anyone can put you through a step-by-step course that will automatically teach you how to be better than 90% of people at anything?
The harsh truth is that even if you get a great teacher, it's no guarantee of success. If you are constantly feeling the need to be "taught" anything, it's probably because you don't have the confidence in yourself to believe that you can just go and figure it out on your own... and that shows that you are a follower, not a leader. Followers don't make it in this game, only leaders do. There's nothing wrong with going to a couple of "gurus" in the beginning, and then getting disillusioned... but if you keep going to one guru after another constantly looking for that magic solution to all your problems, chances are that you are not successful trader material anyways and will never make it. If you have the confidence to say "screw you" to all the gurus and believe that you can do a better job than they can, given enough time and practice - then you have a shot. That's doesn't mean that you can't learn something here and there from various people, but you have to take responsibility for your own learning and progress, because nobody else will.
Incidentally, I am not saying that this describes you in any way... it just describes most of the students that sign up for these courses. Sooner or later you will have to take control of your own trading, and figure out your own method. It can be a derivative of something that you were taught by someone, but it doesn't have to be, and in the end I think you will see that spending money on all these courses isn't going to be as useful as you think.
