Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
What would happen if BMT switched to 100% pay model
I added just now an additional point to my post, which is that if non-Elites could not post, and only could read non-Elite content, then soon there would be no non-Elite content being posted, and so there would be nothing new at least for them to read.
It seems that they would then have no incentive to want to join, since everything on the site would be unknown to them.
This is a good point. The thought process was that right now there is a 'line' with Elite and non-Elite content, and it makes for a disorganized forum structure where two sections exist for many topics, just because many people want to keep the better content private/away from members who aren't really serious.
It would be nice to do away with that divide, by making everything Elite only.
From the value perspective, there are vendors out there charging $100 for one indicator. They are charging for trading rooms, $100 a month. And so on, so forth, for more examples. On futures.io (formerly BMT) there are tens of thousands of indicators and more discussion than you would ever get in a 'trading room', so I am a little perplexed on the argument of not seeing the value of membership unless you can actively participate in it first.
I base this solely on looking at how many people buy things from vendors without any trial and without any real value. It doesn't seem to stop them.
I happen to agree with you, but I see a few responses (and have seen similar posts in the past) about how people were only convinced after seeing free content. I'm trying to better understand that argument, because it goes completely against what I've seen take place in the vendor section of futures.io (formerly BMT) for over 5 years.
lol Think about it @Big Mike. If you are non elite, you are only gonna be able to see 'free' content. Therefor the free content is what is gonna convince you to convert to elite. As a non elite you can't see the elite content so you can only judge futures.io (formerly BMT) by the free content. If that makes sense. You can't judge futures.io (formerly BMT) by something you can't see...
What about if you came up with a 2 week trial system of some sort so users can see what the site is about, that should be more than enough time to see the value of your site?
I agree with tturner86, if you can't afford 100$ then you have no business trading.
Yes I understand, but look at the typical vendor. When someone pays money for an indicator or for a trading room or for a set of training videos, they see only a screenshot or similar for representation. They don't get to see 200,000 free posts.
I can create a "What's inside futures.io (formerly BMT)" document and show screenshots of indicators, screenshots of methodologies, screenshots of webinars... you get the idea, with thousands of indicators, thousands of methods, hundreds of webinars -- I have a hard time believing people would refuse to sign-up simply because they can't see the content. That argument doesn't make sense when you look at what people are doing with existing vendors in the trading marketplace.
So basically like it is today, except your free membership would expire after a set time? I like this idea and have had similar thoughts in the past. The side effect of this idea is that it incentives all the troublemakers to create duplicate accounts, and duplicate accounts is something I spend far too much time on already.
Unless this would be a read-only free trial, with no posting capability.
And let me emphasize, no free trial will ever include Elite content.