Trading System Subscriptions

This is a discussion on Trading System Subscriptions within the Home Trader forums, part of the Trading Career category; This is a general opinion question. I am always wondering why gurus charge for "membership" in order to participate in ...

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Old Jun 14, 2017, 5:45pm   #1
Joined Jun 2017
Trading System Subscriptions

This is a general opinion question. I am always wondering why gurus charge for "membership" in order to participate in their trading system. The nagging question for me always is - if the system were good the guru should be independently wealthy and therefore not need to charge for memberships. It is perplexing. I always want to ask them how well they are doing with their own strategy. And if they need the subscription money so much then perhaps their strategy is not as good as they say.

Anyone else have thoughts on this?
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Old Jun 14, 2017, 9:13pm   #2
Joined Feb 2002
That's the key question.

Of course, the fact that they're selling a service instead of concentrating on trading doesn't mean they can't trade. At the very least it suggests they want an income stream that is either lower risk and/or they more consistent than trading. But these aren't very good reasons in my opinion.
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Old Jun 14, 2017, 9:16pm   #3
Joined Jun 2017
rjs1956 started this thread
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Originally Posted by tomorton View Post
That's the key question.

Of course, the fact that they're selling a service instead of concentrating on trading doesn't mean they can't trade. At the very least it suggests they want an income stream that is either lower risk and/or they more consistent than trading. But these aren't very good reasons in my opinion.
I agree 100%. The phrase "Doctor heal thyself" comes to mind. Maybe someday someone will offer a free educational service based on their successful strategy that left them so wealthy they don't need subscription fees.
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Old Jun 14, 2017, 9:37pm   #4
Joined Feb 2002
Well there's lots of free stuff on this site, and there's an on-going support in the event of specific queries - all free.
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Old Jun 15, 2017, 12:59am   #5
Joined Jun 2017
rjs1956 started this thread
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Originally Posted by tomorton View Post
Well there's lots of free stuff on this site, and there's an on-going support in the event of specific queries - all free.
Thanks. I will be browsing the articles.
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Old Jul 6, 2017, 11:31am   #6
Joined Apr 2014
Understanding principle of "Fair Exchange of Value"

rjs1956,

Good question. And tomorton posts have good answers.

I'd like to add (& possibly introduce to newbies) that there is a very important principle of Wealth Building - it is the principle of "Fair Exchange of Value" (FEV).

A good Servant is worth his hire. So the saying goes...

From the perspective of gurus, signal providers, etc - there may be ongoing operational Costs. For example:

Time: for communicating and providing excellent service and Value for Clients; Time required for training Clients and even Operational staff; Time required for ongoing management of services, personnel, compliance, etc.

Monetary Costs: Staff personnel to provide Valuable service; maintain technologies and redundant capabilities; compliance & regulatory operational Expenses; marketing & Client acquisition Costs; and many more.

These may require Subscription Fees and more.

But, even more important - from the Client perspective, a big IF here - IF the Client is receiving High Value service (eg profitable signal alerts), AND the Client doesn't UNDERSTAND the FEV principle above...

then the Client will ALWAYS believe and FEEL that such services should be FREE and complimentary. In the business world, that the service should be "comped" forever.

In such a Client perspective and Belief model, it means that the Client has no UNDERSTANDING of Fair Exchange of Value.

FEV is an important Belief for successful Wealth Building! It is beyond the scope if this post to teach and apply FEV here.

Please research the following resources (invaluable for all Traders and investors) including books, PDFs, and many available YouTube videos:

A. Millionaire Mindset (T Harv Eker)
B. Think & Grow Rich (Napoleon Hill)
C. You Were Born Rich (Bob Proctor)

Traders and Investors who don't UNDERSTAND and cannot apply FEV correctly - will be very UNLIKELY to achieve consistent Trading and Investing profit-ABILITY.

This is b/c Wealth Building requires the Wealth Builder to process and reciprocate FEV properly!

So while receiving free guru Trainings, free signal alerts service, may MAKE some $$$ - however the LACK of FEV Belief and UNDERSTANDING will make KEEPING the $$$ an unlikely final Result.

Good topic to really Learn and develop deep Understanding! About < 5% general public know, understand FEV and how to make $$$. And this is why the top 5% makes and KEEPS 99% of all income!

Hope this helps some - and stimulate T2W Members to do greater study/research into FEVs to build income streams and Wealth Building.

Good Trading to all.

WklyOptions
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Thanks! The following members like this post: rjs1956
Old Jul 6, 2017, 11:52am   #7
Joined Feb 2002
Well that's fair enough I think.

If as a newbie I could teach myself how to fish I wouldn't need to work to get money to buy fish from someone else and need never go hungry.

So it might be worth paying someone to teach me to fish - then I could start catching fish sooner. And maybe catch more of them. Maybe catch bigger fish.

Then of course I could teach other people how to fish.

Though personally I'd rather be out fishing.
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Old Jul 7, 2017, 6:54pm   #8
 
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Joined Jan 2001
Quote:
Originally Posted by WklyOptions View Post
rjs1956,

Good question. And tomorton posts have good answers.

I'd like to add (& possibly introduce to newbies) that there is a very important principle of Wealth Building - it is the principle of "Fair Exchange of Value" (FEV).

A good Servant is worth his hire. So the saying goes...

From the perspective of gurus, signal providers, etc - there may be ongoing operational Costs. For example:

Time: for communicating and providing excellent service and Value for Clients; Time required for training Clients and even Operational staff; Time required for ongoing management of services, personnel, compliance, etc.

Monetary Costs: Staff personnel to provide Valuable service; maintain technologies and redundant capabilities; compliance & regulatory operational Expenses; marketing & Client acquisition Costs; and many more.

These may require Subscription Fees and more.

But, even more important - from the Client perspective, a big IF here - IF the Client is receiving High Value service (eg profitable signal alerts), AND the Client doesn't UNDERSTAND the FEV principle above...

then the Client will ALWAYS believe and FEEL that such services should be FREE and complimentary. In the business world, that the service should be "comped" forever.

In such a Client perspective and Belief model, it means that the Client has no UNDERSTANDING of Fair Exchange of Value.

FEV is an important Belief for successful Wealth Building! It is beyond the scope if this post to teach and apply FEV here.

Please research the following resources (invaluable for all Traders and investors) including books, PDFs, and many available YouTube videos:

A. Millionaire Mindset (T Harv Eker)
B. Think & Grow Rich (Napoleon Hill)
C. You Were Born Rich (Bob Proctor)

Traders and Investors who don't UNDERSTAND and cannot apply FEV correctly - will be very UNLIKELY to achieve consistent Trading and Investing profit-ABILITY.

This is b/c Wealth Building requires the Wealth Builder to process and reciprocate FEV properly!

So while receiving free guru Trainings, free signal alerts service, may MAKE some $$$ - however the LACK of FEV Belief and UNDERSTANDING will make KEEPING the $$$ an unlikely final Result.

Good topic to really Learn and develop deep Understanding! About < 5% general public know, understand FEV and how to make $$$. And this is why the top 5% makes and KEEPS 99% of all income!

Hope this helps some - and stimulate T2W Members to do greater study/research into FEVs to build income streams and Wealth Building.

Good Trading to all.

WklyOptions

Just in the middle of re-reading Think & Grow Rich. While it does have its critics, I believe there are plenty of life lessons in it, such as, 'There are no shortcuts!'

Its key suggestions being, that to be successful, one has to have:
1. Desire
2. Faith
3. Planning
4. Persistence

IMO to be a successful trader, one has to treat it like they are setting up and running a business. If I do decide to open my own thread over on Trader's Journal, I will probably touch on this in more detail.
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