Because people cannot understand what is written in a book. They think they understand when reading, but they do not.
In a word: Marketing. The way these teachers market their seminars make it seem to the masses that they will be taught "secrets" available no where else. It's basically the same reason some people still fall for the Amway scam, Carlton Sheets Real Estate programs, or any other myriad of money making schemes you see on late night infomercials. Don't get me wrong I don't think paying 5k/week for a class is a smart thing to do, but if I thought I could sell a 5k/week class I would do it in a heartbeat. I wouldn't buy a turd for $5 but I'd sure as shit sell one for $5.
Good point. It makes sense that if someone was making a 7+ figure income a year trading and had multiple year P&L statements to verify that fact, they SHOULD be charging at least $50K for their class. I get a kick when I talk to my nephew who has spent $200K on his legal education over 6 years (not counting his scholarship & extra moneys). He has 2 MBA's and a PhD to show for his hard work and now complains that the $300K job offer, straight out of law school, was less than he thought he was worth.
Oh don't get me wrong I didn't say they would teach you their exact "edge". The best I can gather most training seminars only teach people the market basics. -------------------------------------------------------------------------------- come on when did you see copy that said this? They tell the "suckers" After attending my $2,000+ seminar you will have a $100K+ home based business that is dead easy to run. etc... I too fell for this 15+ year ago when I was a newbie.... Now I know the seminar was/is a scam. It's still going around. I agree with the "finding agold mine story." If you seriously found a "Golden Goose" why would you rush out and try to sell it? Ok thank you anyway.
You need to take this further to include everything. * Why do traders give seminars for a fee??? * Why do traders hang out at discussion forums and freely share their methods??? There's a lot of commonalities between the two types of traders teaching their methods while one feels like he/she should be financially compensated. Regardless if a fee is involved or not... Most isn't worth the time and energy to learn it while there's a few out there that's worth the time and energy to learn it. Mark