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The solution is for the online brokers to develop "third party" relationships with training firms. The online broker will allow a few training firms to access its customer database for the purpose of promoting training programs. The online broker will not recommend one training company, it will not own one share of a training company, and it will remain completely separated from all training activity.
Online brokers who own, or otherwise have an interest in, firms that train their customers, are prime targets for regulatory sanctions. They will be required to divest themselves of the training company or the brokerage company. They will not be allowed to continue both functions.
The Online Trader
Do you know what the online trader really wants? Of course you dojust look in the mirror every morning. You want to make money in the market. You want to enjoy the freedom to make your own trades. And you want to have fun doing them.
So what's the problem? It has been estimated that almost 95 percent of today's online traders do not really know how to trade. That is, you do not have the knowledge and experience to consistently profit in the market. You are not prepared.
Traders come up with many excuses for not making the effort to build their skill levels:
I'm too old to learn.
The skills required are too complicated or difficult for me to learn.
It will take too much time and effort for me to learn how to trade.
It is not possible to teach trading skills at all.
The training available today is simply not effective.
So you rely on hunches, tips, and luck. This is not a recipe for success; quite the opposite, in fact.
Over the next few years, several training companies will emerge as leaders in building credibility with the public. They will show that almost anyone can learn trading skills. They will show that the needed skills can, in fact, be taught effectively. And, they will show that good training has a direct, positive impact on profitability.
In other words, they will prove that you can be taught to consistently profit in the market, that the skills are not difficult to learn, that it can be done quickly and easily. They will eliminate all of your excuses!

 
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