Home » Trader Tips » My Advice: Don’t Pay For Trading Courses

My Advice: Don’t Pay For Trading Courses

don't pay

This is just my opinion, in a nutshell: Don’t pay for anything educational courses related to futures trading. Nothing. I speak from my own experience, but everything I learned I found for free. If you are willing to put in the work the information is out there, and it’s up to you to absorb it, test it, see what works for you, build your own strategies. See what works and what doesn’t, refine your approach, repeat, and keep learning, always.

Plus, I don’t trust most people selling courses for many reasons, listed below.

I should preface this by saying I’m thinking much more of the slick, “take my $499 course and you’ll be an expert trader who makes millions” type of people.

topstep trader discount promo code coupon review

Reason 1: People Selling Course Are Making More Off Courses Than Trading

There’s a great saying I very much believe to be true: “Those who can, do; those who can’t, teach”.

Anyone who is selling a course will come up with reasons as to why they are selling a course. Usually it’s along the lines of a) they want to give back to the community b) they have some super secret profitable system they want to share, for a fee.

Take a step back and think about the process of creating a course. It takes a lot of time. If you are making “millions” trading, would you really devote a lot of your time to create a course that they are now selling for $X, taking time to promote it and paying to run ads?

I can guarantee you this – I would never make a trading course. Sorry to say, but if I’m making money hand over fist trading, I wouldn’t wake up and go “lets not trade anymore, let’s make a course. Full stop on the thing that makes money, and spend my time building something that won’t bring in any income until it’s done, and even then it’ll make far less than trading”. The logic just doesn’t fly with me.

How About An Example

Any names are blacked out on purpose, I’m not giving any promotion to these courses.

So For “Annual Access” (not even life time) its $3,598. Right. Or 90 day access for $2,578. Good grief.

By the way, one of the benefits is “limited time access to a trading simulator”. You can sign up for a free simulator several places. The other benefits are the tell tale signs of these scammy deals, namely a chat room and their indicator package.

People, please think twice before throwing thousands at programs like these. I can 100% guarantee you can learn anything in these “master classes” for free. Spend your time learning, and put that $3,598 into opening a trading account once you are ready.

Reason 2: They Are Using The Course For Clout

The course will add a bit of cache to the person. They come off as an expert, even though they are spouting the same information you could find 20 other people telling you for free. The course might not be the big income source for them, but I’ve seen several course sellers who use it as a stepping stone to build up a reputation as some superstar trader. They can then parlay their clout to sell other products.

Reason 3: They Are Using Their Cheap Course As A First Step To Upsell You

I’ve seen cheap courses which were used to get people on their mailing list, at which point they can really lay into you with the upsells. “The Advanced Course”, the “Super Secret Paid Trader Chat Room”, the “Extra Deluxe Never Fail Indicator”. Again, no offence, but if I have a super deluxe never fail indicator, I’m too busy actually using it to make money to sit around and chit chat with people in a chat room about how to use it.

Reason 4: They Are Trying To Appeal To The “Get Rich Quick” Crowd & You Should Be Insulted

Again, I’m thinking much more of the “learn to trade with this course and get rich like me!” type of course seller. Which is most of them unfortunately. I think people should be insulted honestly by these type of people. It’s obvious pandering to people’s desire to make a quick buck, and these course sellers are at the front of the line, welcoming you to the world of trading with their guaranteed profits IF you buy their course.

Want Another Example?

I purposely blacked out any information about the name of this course on purpose, I’m not giving these idiots any promotion. This is just one of many.

So in 90 days you can be putting up $15K to $21K days, all for the low, low price of $1,997? Oh they only trade the market open (says right there in the list), so only 90 mins a day you’ll be making 5 figure days easily. Seems reasonable right?

Reason 5: Anything You Need To Learn Is Out There For Free

I speak from experience, I learned to trade for free using YouTube primarily. I like to think I’m a pretty resourceful guy, but if you get on there and just searching, seeing what roads it takes you down, and are up for learning, you can get far with YouTube.

Want to learn specific trading setups? Want to learn about one specific indicator? Looking on how to use a specific software like Ninja Trader? Trying to figure out if you are more of a scalper, day trader or swing trader? Watch YouTube videos. I spent countless hours watching videos, and can’t recommend it enough.

On top of this, i recommend scouring forums like www.Futures.io and www.EliteTrader.com – there are seasoned traders on there who can answer any question you may have, if it hasn’t been answered already.

As well, I recommend the Chat With Traders podcast. It is a gold mine of interviews with real traders. On my Free Resources page I list the best episodes in my opinion.

topstep trader discount promo code coupon review

Conclusion

I think it’s pretty clear I’m no fan of people selling courses. Basically the more slick the sales person, the bigger the claims of success, the less I’d trust them. There’s no secrets in trading. 2nd, there’s no super secret system. 3rd, there’s no trading guru who has the keys to the kingdom. Learn, test, refine. Be a life long student of trading and you’ll go far.


Be Notified Of New Trader Evaluation Promotions

Submit your email if you want to be notified of new trader evaluation promotions. I never spam nor sell anything. Usually 2-3 emails a month are sent with the latest deals.


Risk Disclosure:

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: 

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.

In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

You can read more here: Risk Disclosure

Affiliate Disclosure:

The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.

Additional Disclosure:

The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.