Should I invest money to buy forex trading courses?
What’s the difference between free forex education and premium education? Is it worth paying a huge amount to join online forex courses?
Is there any way to guess whether the course is a scam or reliable? This post aims to remove all your doubts related to forex courses.
Unfortunately, there is no way to guess whether the course is composed of expert traders or not. Beginners can easily access free forex education through YouTube videos and eBooks.
Let’s read out: Why do traders sell courses?
There are several reasons for selling courses. Traders mostly sell it with a motive to earn money. They try to diversify income sources by teaching forex. Furthermore, few traders sell courses to help other traders who are suck in failure. They feel happy when they help others.
When a trader fails to achieve his dreams in trading, he starts selling his ideas. But this logic does not apply to all course sellers.
Obviously, many honest traders are selling with good intentions.
Why Sell Courses If You Are A Profitable Trader
You might think about how a good trader manages time to sell and compose courses. If you are a portable trader, why you sell courses.
You should rather focus on trading only. Many such doubts naturally come into the mind of those who want to learn forex.
Being portable in trade does not stop you from teaching. There is no hard and fast rule that you are not allowed to sell courses if you are a profitable trader. However, the intention of selling might be different.
Some traders sell courses to earn money. Many would love to sell forex educational material to help other traders who are struggling.
The fact is that very few traders sell courses with the good intention of educating and helping others.
That’s why most beginners fall into the trap of forex education scams every year. So, be cautious before paying and enrolling in any course.
10 Reasons Why Do Forex Traders Sell Courses
There are tremendous reasons for selling the forex course. Some do it for the promotion of their trading strategy. Some would do it to educate fresh traders. While others will sell courses for money, happiness, and sharing ideas:
Below are 10 Top Reasons for forex course selling by traders:
1. Traders Sell Courses to Make Money
Obviously, MONEY is the big motive behind every new step you take. Similarly, in forex, traders know that they might get stuck in trade at any time. They must have some alternative source to boost their income.
So, after developing a long successful track record in trading, they start selling their trading ideas through online forex education courses, books, webinars, YouTube channels.
Such courses are highly paid, and sometimes they even don’t teach you the right strategies. So, do proper research and check course owner printable track record evidence before joining any such course.
2. Traders Sell Courses for Their Promotion
Sometimes traders behave more like marketers. They sell to promote their educational platform only. They want to get subscribers or Likes.
That’s why you might have seen “every second profitable trader” is a seller of his “own course.” Fresh learners get confused when they want to join any trading course.
So, always try to explore the intention behind selling forex educational material.
3. Trades Sell Courses When They Have Enough Forex Education
We can’t see all sellers have the bad intention of making money. Obviously, few traders join the teaching and selling line with the good intention of helping other traders.
Such trader is educated enough, and they only want to sell their knowledge. They will not push you to subscribe to their channel, put likes, and other promotional tricks.
They will not charge enough money for their courses. Moreover, they are experienced people with helping nature.
4. Traders Sell Courses Because Trading Income Is Less Reliable
In forex, your account can wipe off with a single mistake. You may not trade again unless you manage capital. Many traders start courses when they need capital.
They know forex income is not consistent, and risk is always there. But the income they will get by selling courses is reliable.
So, they put hard efforts into composing educational material. Books, Videos, and Online Courses.
When a trader succeeds in forex, he finds himself lucky. About 95% of traders fail and is a big number. Successful traders will try to share their success stories through their course.
So, he will tell you his success story in the intro of his course; by doing so, he grabs visitors, students, and fame.
In the end, he earns money also as he sells his fame and success story. So, make sure if he is providing evidence of his successor not before joining his course.
6. Traders Sell Because Courses May Turn Valuable One Day
Traders spend time and money on courses as they know more and more people are trying luck in forex. With the increasing popularity of forex, its education will also become popular.
With the hope of growing a huge forex educational or mentorship business, they sell courses.
Such traders have a high expectation that one day their course will stand first or second amongst top forex courses, so they wait for the day and start selling.
7. Traders Sell Courses to Help Beginners
There is no way to guess the motive behind course sellers. But they mostly write this “They want to help Beginners Actually” in the Intro of Course.
Now the question is that if they want to help, they can do it free of cost. Why are they getting money for helping? It isn’t very certain indeed.
There is many free forexes educational material available on YouTube. Most of the free material is no doubt of good quality. When someone can help you free of cost, they must pay for such “Highly Paid Courses.”
8. Traders Sell Courses to Get Diversify Income
Traders know that earning money from trading is challenging. They are always in search of other means to diversify income sources.
So, they start selling curses. Unlike forex, in this way, they can earn without risking their money.
If you don’t make money from trading in any month, your course income will help you meet your kitchen expenses. This income is also helpful to boost your capital in forex trading.
9. Traders Sell Courses as They Love Teaching
I met many expert traders who love to teach forex as mentors. By nature, such traders are teachers, actually. They want to impress learners through their teaching techniques.
They don’t know they are capable or educated enough to serve as a teacher. But they do so to be recognized as forex teachers in their trading community.
There is no way to verify their educational experiences or credentials. So, beware of such teachers cum traders.
10. Traders Sell Because They Feel Get Happy Sensation
Many successful forex mentors share their student’s success stories. They feel happy when they find someone following their instructions.
Such traders have a good intention of getting happiness out of helping others. They are really great people, successful sellers, successful traders as well as great humans.
Unfortunately, there is no way to find such traders. If you find anyone, you are lucky.
Frequently Asked Questions
Are Forex Trading Courses Worth It
Yes or No Both. It is worthless to pay for trading courses of inexperienced and scam traders. While expert and educated traders, courses are worth paying.
As fresh traders learn fast after joining mentorship programs. The fact is that there is no way to test the authenticity of the course seller.
So, do proper research and ask for evidence and the educational record of the course maker.
Is selling a course more reliable than trading?
Selling or marketing a forex course is easier than trading. In trading, you risk your money, and sometimes you may get zero-sum.
However, there are few chances to end up with zero-sum in selling educational material related to forex. Even professional traders with a long profitable record have to see a week or some month of loss. So, you can’t say trading is reliable.
Moving towards the end of this episode, I would say it’s a nice idea for forex traders to sell a course. But buyers should do a proper search before enrolling in any course.
The chances of a forex education scam are always there.
There is no restriction on selling and marketing your educational material as a forex trader. You can do it If you feel you are capable of doing so. But be honest in your motives; it must be to help others.
It’s my general observation that the trust level of free courses is higher than paid. While some people think the quality of paid courses might be higher.
It’s all about their personal thinking. There is no way to check the quality or authenticity of the forex paid course before buying it.
My tip is to go for courses that offer a money-back guarantee. In this way, you can return the course if you don’t find it valuable.