Why would someone with personal wealth of around a hundred million dollars bother to sell training courses for a couple of thousand bucks a go?
Why would someone with personal wealth of around a hundred million dollars bother to sell training courses for a couple of thousand bucks a go?
I can tell u why. I have been a part of Dan's trading group for over 3 yrs. now. I was with him before he ever started the membership fees. The webinars would usually be full with something like 50 to 90 people a night. I had heard at one time he had around 700 contacts on his forex mentoring list.
I think Dan trained and mentored people for free for a couple years. He really did not need to start charging people for money reasons. Due to the popularity of his success and fame in the forex, people were coming out of the woodwork to get on his free calls. Not only that but Dan gave out his personal email address so you could contact him that way too.
At some point it became overwhelming with all the emails, phone calls and requests. Can you imagine having access to a millionaire forex trader who is not only a genius but a very nice guy to boot? People just took advantage of it.
I remember on one call Dan mentioning someone had asked him if he could just send them just that one trade alert per day that would make them 100 pips or more. Seriously? Dan was already sending out daily buy and sell numbers for free to his email list.
So I believe his solution to the overwhelming demand for his knowledge was to form an official trader training and mentoring company. It would be self funded and could easily pay for itself and a full time administrator (Barry).
Did he make some money at it? Of course! I think everything he touched turned to gold.
At the same time it kind of weeded out some of the wannabes from the more serious and truly interested traders. There was not a person in the group who was not willing to pay to hear what Dan had to say.
My deepest sympathies go out to his family. He will be missed by many. What a legacy he has left. God bless you.