Hi Jthumblin, thanks for the question.
Your question is basically a few parts
1. why would anyone who can trade have the slightest inclination to teach others?
2. if he / she does have the inclination, why not do it for free?
3. do you really know more about trading than me
4. why should i pay for it.
all i suppose interesting questions to which i answer this.
1.
why wouldnt they? it's human nature to nurture others. we nurture our children the way we ourselves were nurtured. In any work environment people teach each other how to do their job and when someone new comes along thhey teach them also. Teaching something you know well is a form of self actualisation as described by maslow in his
http://en.wikipedia.org/wiki/Maslow's_h ... y_of_needs
2. This could be a long one.
a) I am a trader. I got into trading to make money and before trading i was an internet businessman and before that a sales rep on the road. My whole working life has been spent in the aquisition of wealth. Money is what has driven me from being unemployed in the 1980's to being very wealthy today. Money has been my driving force during my employment and it has done me well. Money is the base of capitalism and is the basis of an economy. It represents the primary vehicle for a trade. In micro economics i would offer you straw in return for wood, however as ecomomics has grown you may not have what i need but still need what i have to offer. Money is the leveller for this transaction. I like money and I like earning it in whatever way i can. it is a part of my make up.
b) I have given much for free. I have trained individual people to traders many times for free. I have given away training materials i have written for free and in fact i have taught people at my own cost where i have actually paid to help them.
What is the value of something you get for free? Studies have found that human beings in general do not value that which is given freely and merely skip over teachings. The value of something free is seen as ... worthless. The human condition is that we crave items of rarity. A 1962 copy of 'With The Beatles' on a Gold Parlaphone is revered in the music world and very sought after. It is intrinsically worth no more than the black label version yet commands a much higher price because of it's rarity. It is coveted and those who own it look after it and appreciate it.
many black label copies lie in a dusty cupboard with no sleeves.
c) The provision of such a service does have a cost associated with it. The chat room itsself will cost me $500 per month and the talented people that i will be introducing to the room can make much more money trading than teaching, however i feel it is a responsibility to recompence them for training when they could be trading. This is what the lion's share of the membership money will be used for and in my opinion, money well spent. You can choose wether to pay or not.
d) penultimately it is a good job that Mark Douglas, Alexander Elder, W Gann, Elliott, Jones and Nilson did not have the same attitude as yourself. otherwise you and many others may never have had the pleasure of learning about market waves, trend following, multiple timeframe analysis, candlesticks and much more that you take for granted. They did it to teach and for that experience which took years and years they expected a return. Teaching someone may seem like it costs nothing, but what price do you place on my years in the market, my busted accounts and my dealings with banks. What price did that experience and subject matter cost?
d) Something for nothing is worth what it cost.
3.
I don't know wether i know more than you or not. I make money trading for a living as will all the trainers. I manage money and generally provide a healthy return for investors. Ive been everywhere someone my junior has yet to see tho i have not been where my seniors are yet - i don't know what i don't know and will not know until I know it.
4.
you dont have to.
In the end this service is not just about trading and learning to trade. Its a life science. Trading is a lonely game we live in and im lucky enough to know these very talented people. We do get bored with each other at times though and we do like a challenge.
Through teaching others we light the fire in our own trading heart and make life more interesting by meeting others. The passing of information from one generation of traders to the next is important and if building this room helps me meet more people and learn more myself then it's good for us all don't you think?
I hope you understand my answers above and would love to see you in our room - even if it is just for the trial period to see if you like us
Take care and good fortune to you all
Soultrader
www.tradersquawkbox.com