The document discusses why traders may choose to teach or offer trading courses even if they are successful traders. It notes that some traders enjoy teaching and interacting with students, and that teaching helps with repetition, which can boost confidence and success. Additionally, creating a trading course or teaching can be a smart way to generate additional income through a new "stream of revenue". The document urges caution in choosing trading educators and outlines some red flags to watch out for, such as educators who do not actually trade or those only interacting through forums. It recommends vetting an educator's history and experience and following one's gut feelings about their authenticity as a trader versus a pure marketer. Overall, the document argues that paying for a quality trading

2. One of the common questions that
gets asked is “if traders are successful,
why do they teach or offer courses?”
Fair question and before I answer with
my thoughts on that, let me ask you a
question.

3. If you enjoy working with children and
enjoy sports, would you:

4. Turn down a request to coach a kids t-
ball team with little time
commitment?

5. Agree to coach but ask for
compensation?

6. Coach because you enjoy it and love
the look on their faces during the
game?

7. I am with number three on that list. It
is something I get pleasure from,
requires two hours on a Tuesday night
and I love watching progress.

8. Let’s look at it from a different angle.

9. If you were a retired professional
athlete, had the skill to coach a pro
team and were asked, would you:

10. Do it for free?

11. Realize you had a coveted skill and
want to be compensated?

12. With trading though, as soon as
someone charges for their expertise,
they are labelled scam artists.

13. Let’s take out of the equation those
who clearly do it to feed their own
ego. Generally, they don’t offer
anything of any value and from my
experience are not successful anyhow.

14. I know a few educators and as you can
see by my many posts, I like to add to
the mix.
So why do it?

15. They enjoy teaching.
Trading can be extremely boring and
enjoy the interaction

16. Repetition breeds familiarity
leading to confidence and hopefully
greater success.
It’s not all touchy feely because
another reason is….money.

17. Robert Allen is an author who wrote a
book called
Multiple Streams Of Income.
In the economy of today, if you are
able to, adding another income stream
is smart.

18. After all, many who take up trading are
looking to do just that (add more $$$)
so why is it suspect if a trader wants to
do the same?

19. Trading is an extremely valuable skill, a
commodity, which can aid you in
having a more comfortable lifestyle. It
would be ridiculous to think someone,
anyone, should just “give” you value
for nothing.

20. What about those who ask “how
about I pay you only if I succeed?”
Expecting that type of arrangement
ignores a true fact about trading…..

21. and that is that trading is a meritocracy. (basically it is all on you)
Meritocracy:
1. an elite group of people whose progress is based on ability
and talent rather than on class privilege or wealth.
2. a system in which such persons are rewarded and advanced.
3. leadership by able and talented persons.

22. Your progress in trading has little to do
with systems and more to do with your
emotional and psychological make-up.

23. It is based on your understanding of
and following rules of money
management.

24. The truth is hard work is foreign to
many and the get rich quick mentality
rules many who enter trading.
Most have difficulty sticking to one
method of trading and system jumping
is the norm.

25. So this leaves many in a difficult position.
How do you get training from a
reputable coach or get a profitable
trading system?

26. How do you sort through the
marketing slogans and scams that litter
the internet?
Is hype a red flag?

27. Here are a few pointers
Look for longevity in the trading
education business you are
researching. Although this is not a
guarantee, blatant scams are usually
short lived on the internet.

28. Anyone who offers you trading
services through a forum is a red flag.
One popular forum had one member
named “Jacko” who swindled a lot of
money from trusting people thinking
he offered something viable.

29. Do the educators trade?
Sometimes this is tough to ascertain
however I have found real traders
“talk” differently than pure marketers.
It is hard to explain…it’s just a gut feel.
There is a slickness to the marketer
which you don’t get with the trader.

30. Where I find myself now is a
culmination of years of different
influences in my trading. It is a never
ending evolution and I don’t think you
will learn all you need to in one place.
It will also be through experimentation
and hours of chart time.

31. Don’t be put off by someone wanting
compensation to teach you a skill that
can last a lifetime. Due diligence and
gut feel is what you must depend on to
ensure the information you are
receiving is worth the cost.

32. I personally had a mentor starting out
and it was Netpicks that hammered
home the consistency and trading
plan aspects that are required for
success.

33. While I may have lost a few dollars on
worthless “education”, it is all part of
the journey.
There is never a better teacher than
experience.