Nothing abnormal. If you cannot trade, you can teach or write about trading. Who knows, one of your students will be a billionaire.
you can because you cannot have one system for all the avatars of the market. All the conditions of the market. and while you can teach a jack ass that 1+1 is 2, it is difficult to explain why 5+5 is 10. it is because the numbers are different. but the jackass will say both are numbers, they are the same, how can one be equal to 2 and the other to 10? it is the same with market. the market is always the same market, or so the jackass will say. it takes years/decades to distinguish between a trend a range a channel and all the various combinations of those which may add up to anything over 20! so while a trading system can be taught, it is only one man, Al Brooks, who has attempted to teach, how to recognize the various market conditions. a trading system can be described very simply. but a market condition? can it be described in a few lines?. brooks has tried to describe market conditions and it has taken him 4 books countless videos and he has succeeded in labelling himself as a fraud, and idiot who does not trade. i am not sure whether to laugh or cry at all this.
yes it is legal. and even if you know shit about trading, you can still label a man who teaches as a fraud. so an unqualified person is judging an unqualified teacher as a fraud and is not fit to teach. ALL THIS REQUIRES A LOT OF QUALIFICATIONS
To be fair, Iman doesn't sell anything and admits that he's on a trading journey. His channel is just dedicated to calling out scammers who sell trading courses.
The Guru in question already made his millions, and I had no reason to doubt him based on how well his tactics were working at the time. You might be surprised to learn that there are actual human beings out there that want to lift up their fellows from poverty. The only reason I ever made the mistake of telling anyone about what has worked for me, is because I love discovery (like a scientist) and want to tell everyone how great it is. Doesn't work in boxing or trading. Hott stox, on the other hand, have plenty of room at the party for anyone who wants in (before midnight)
Good Evening Wide Tailz, I have never in my life met such a human being that tells another human being EXACTLY how to make a $1million cash money in 6 months, legally. I will never in my life show another human being how to be an ES Futures Master Trader and make $1 million cash money within 6 months for as long as live on this earth. I live in the USA, I will never ever make $1million within 6 months, without a trading edge that only I know. Note: Exactly meaning exact details without discretionary or subjective or guessing, with concrete evidence that the task of making $1million cash money in 6 months will be accomplish, guaranteed. Never meaning, today (10/9/2024) integrated to the infinite year of my existence on this earth.
It's a good idea for those (trading educators & investment banks) who rather profit off their ideas by taking on less or no risk, it's safer & less stressful - it also helps make their idea more profitable if people perform the same trades after.
Someone who can earn a lot and consistently will never teach anyone, even for money. He will earn his millions silently, without any red tape and without running after crowds of newbies)). That is, why look for those to whom you can sell your knowledge, if this knowledge provides you with a decent income without any fuss??
Not true. There's a lot of pros that give back through interviews and blogs or other forms of discussion (even here). I agree that a full-time trading educator is a suspicious individual, because the monetary incentives suggest a mismatch in priorities and/or motivations. It reminds me of the saying, "when the student is ready, the master will appear". The interpretation should be, that hard working and well educated traders can easily find great educational resources. The problem is that the industry is incredibly secretive, and that the knowledge is hard to get (time investment). I know of few things as esoteric and arcane as financial engineering, quant finance, and professional trading and risk management. The academic stuff is easy to find, but the stuff the actual practitioners use is another matter entirely. Even the quants are outsourcing their execution to proprietary bank algorithms, and these are guys with turbocharged resumes and storied academic profiles. Ex industry types can help you. But, there will be very little hand holding, and there will be no patience for the ill prepared or uninitiated.