wackypete2
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teaching, by miles. You do not need to know anything or learn anything or even do anything except post fancy web pages and a bit if advertising and watch the money flow in. Happens every day.
Now, if you want to be a decent, respectable teacher then that would take hard work, a track record, and some morals, but that's not what the opening post asks.
Peter
Now, if you want to be a decent, respectable teacher then that would take hard work, a track record, and some morals, but that's not what the opening post asks.
Peter
dc2000
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whilst teaching presents easy money it is relatively small even in the states the big names only just get into the six figures
Traders in London NY Chicago wouldnt get out of bed for that.
if you talking about traders that come into the game with £5k then teaching is probably more profitable but then you may as well say which is easier working or scamming people
Traders in London NY Chicago wouldnt get out of bed for that.
if you talking about traders that come into the game with £5k then teaching is probably more profitable but then you may as well say which is easier working or scamming people
That Nial Fuller seems to be doing alright. 4000+ members at 337$ a pop. I've heard he makes more from trading though.
MajorDutch
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well obv if you are no good at trading then teaching is more profitable. I have seen many a trader turn to the dark side of teaching, some of them on this forum. I will not name them though as I have not interest in flaming.
What are you best at?
MajorDutch
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spot on. teaching can have scale to it but isn't scalable.
Sidekicker
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except he is a conman. He does nothing more than teach what a book on the A-Z of technical analysis could teach. All of the methods work some of the time, therefore any teacher is always going to be correct at some point and have some people buy up a subscription in the short term.
MajorDutch
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never heard of the chap but some of these trainers are dangerous, some of them have very small edges and it can be hard to spot a fraud. most of them know very well what they are doing preying on noobs and imo they are the lowest of the low.
advfntrader
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how do you know how much nial makes ? He ripped off J16 price action material, it just his promotion is better and site slicker
Sidekicker
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members x subscription cost = salary
I've heard all this too. My mate has following his material and trading very successfully. Not entirely convinced he couldn't have got the information for free elsewhere, but neverless he seems to be actively talking to guys on the forum from what i hear.
ProfessorK
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I think I would go insane trying to teach people the same things a million times, getting asked the same noob questions a million times.
To be a successful trader you clearly you need to have a profitable strategy in place, but I honestly don't believe it is that hard for an above average person to develop one with a little knowledge and effort.
I would choose trading for my own sanity.
To be a successful trader you clearly you need to have a profitable strategy in place, but I honestly don't believe it is that hard for an above average person to develop one with a little knowledge and effort.
I would choose trading for my own sanity.
the hare
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I think I'd have to disagree.
Learning to trade as a discretionary trader, based on a few simple principles is relatively easy, it just takes a bit of time.
Designing a purely mechanical system is a pretty difficult undertaking. Its certainly the most difficult thing I ever did.
DionysusToast
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Hands down, has to be trading is more profitable.
Perhaps not so much day trading, although this is an excellent way to build wealth - but if you can swing trade a few hundred crude contracts, then you are going to make up for a lot of courses.
The training market is flooded full of idiots who can't teach on the supply side. On the demand side, to some extent you'd need to dumb yourself down to get a lot of customers. The low end of the market is full of clueless people who have no clue what they are doing but are sure of one thing - they want to get there with minimal effort.
I think training could be a good way to help build an account BUT doing it one on one is a tough deal as it would suck the strength out of you, especially if, like me, you are low on patience. Creating a video course may be better, as this doesn't require so much of your time but it will be copied and of course, you can't teach without answering people's questions.
Perhaps not so much day trading, although this is an excellent way to build wealth - but if you can swing trade a few hundred crude contracts, then you are going to make up for a lot of courses.
The training market is flooded full of idiots who can't teach on the supply side. On the demand side, to some extent you'd need to dumb yourself down to get a lot of customers. The low end of the market is full of clueless people who have no clue what they are doing but are sure of one thing - they want to get there with minimal effort.
I think training could be a good way to help build an account BUT doing it one on one is a tough deal as it would suck the strength out of you, especially if, like me, you are low on patience. Creating a video course may be better, as this doesn't require so much of your time but it will be copied and of course, you can't teach without answering people's questions.
Sidekicker
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If you can trade.
If you do the maths, for many, teaching/running a website/writing a book is more profitable:
$300 online course covering mostly technical analysis x 300 subscribers = salary of $90k per year just to teach and write material
$500 seminars x 50 attendees = $2500 for 1 day’s work.
$90 monthly call services x 100 subscribers x 12 months = $108,000 per year or $9000 per month.
$200 intraday chat services x 25 subscribers = $5000 per month or $60,000 per year.
$150 monthly webinars x 50 users = $7,500 per month or $90,000 per year.
Do courses, coaches, trainers, mentors, website owners, and call services just want to take your money? : Sidekicker Trading Blog
