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It is said "Those who can, do; those who can't, teach"
you can buy reports from the best tectical analyis in the world for 150 to 250 monthly . The reports give daily and real time updates , some with trade set ups and updated trade management . Most hedge funds using this kind of information are not Trading Naked . Tectial analyis in a vacum is not worth that much , most traders experence this reality when day trading . If you are looking to add APPLE stock to your IRA in a market sell of , tectical analyis is more helpful for example , or if the set up long term in Apple is working . Then seeing this long term set up in apple like a hedge fund would , the odds of going into apple and day trading it are very much improved . If you are experenced in seeing a gap and go in Apple for example, coming out of the long term trade set up area . The trader can go into Apple that day and buy all pull backs inter-daily . Its a unfair advantage . hope it helps .
Not all too different from online schools, bootcamps, acting classes/teachers, etc. Personally I'm happy to pay for good curation and structured course, and educators need to earn a living too. The problem is from the false expectations. When you go to college, you hope to get a good job but know that the 100k won't guarantee you a job, and it takes a lot of hard work and luck. Expectation from trading education material should be the same, but the sale pitch to often sets the wrong expectations.
I do agree in general terms . However , after collage there are jobs that will pay a salary while giving the student a chance to live and develope the skill set to move up in the field of study . In trading that is not the case . That means no way to pay of your trading student loans , no way to raise capital to go into business for your self . The decision is quickly made to quit take your losses of time and money and move on , Realization that the trading educators do not know how to trade as well and the student now knows as much as the educator does . Why not repackage the same trader stuff , rebrand it , increase the prices with cool looking grail software ad ons . Even sweeten the deal with lifetime upgrades and traderoom . or treat trading as a hobby . May be 1 % make through this process on the plus side . The risk /reward is on the educational side .
I agree, the ROI is negative for the vast majority. Personally, I take the side that people are free to choose to pay for whatever they want and are responsible for vetting what they buy. There's already good consumer protection when paying with credit cards, plenty of people have successfully chargedback Vinny's Algobox for being not as described.
While I find it frustrating that someone like Vinny can enrich himself by taking money from people that don't know any better, I'd still rather have it this way than the government regulating what we can and cannot do.
