What percentage of students earn after the course?

This question is asked by almost everyone. Today we will honestly and reasonably answer this question. I think everyone wants to hear in response: “Yes, almost everything!”.

But, let’s be realistic – this does not happen.

The advertisement is the engine of the trade. They promise us from all sides: drink yogurt – and immediately lose weight. Be intense – and instantly you will be successful! Get rich in two steps – one, two! Most are well aware that this is just advertising. A tempting picture of the future is designed to help the consumer himself convince himself of the need to purchase a particular product.

What is usually promised in advertising courses on trading:

  • Take a 5-day course in writing and become a super trader from scratch!
  • 90% of my students’ trade-in plus!
  • Breakeven trading guaranteed!
  • Trading is easy and enjoyable!

The truth is that trade, like any other business, requires a serious attitude, complete immersion, effort and time. And trading without losing trades is simply impossible. That is why units earn in trade.

We will divide our statistical study into several parts.

What percentage of students, in principle, reaches the end of any training course?

I will give the results of authoritative research.

At the end of January 2014, Harvard University uploaded the full text of a collective research study conducted by a team of experts led by Professor Andrew Dean Ho.

The study is valuable, first of all, in the fact that universities accurately calculated the percentage ratio between “graduated” and “not completed” course studies, taking into account all students, and not just those who wanted to fill out the final questionnaire.

As reported in the composite study, a total of 17 courses enrolled 841,687 students (597,692, if you count the participants, not the total number of registrations).

This is a much more modest result than Coursera (5.8 million students in 3 semesters,).

Completed their courses and received a certificate of 43,196 students (5%), another 35,937 (4.2%) completed the course more than half. The vast majority – 469,702 students (55.8%) – completed less than half of the tasks, and another third (292,852 or 34.8%) did not even start work.

10-15% of those who have reached the end is a very good result for massive open online courses. The most representative draft of MOOK statistics shows that dropout rates of 87% are typical for most courses. In general, these figures fit into the dynamics of the four “archetypes,” according to Phil Hill, who as early as March 2013 identified 60–80% of listeners as “lurkers” who are ready to leave the course at any convenient time (for example, when assignments will become too complicated, usually this happens around the third week of the course), another 5% – as “drop-ins” who do little but are present in the course to the very end.

The study was conducted for free courses. The paid factor slightly increases the percentage of the graduated course.

According to the authors of the study, in order to increase the effectiveness of online learning, the joint work of teachers and students is necessary.

Approximately the same percentage of “graduates” we received on our long programs, such as “Annual Trading Training”. At the same time, traders can trade in plus but are not ready to keep and send a diary.

By the way, according to our modest statistics, only mentoring programs with full feedback give results and increase the chances of a successful course. Usually, if a trader buys a course in a record, he remains unexplored. There are many traders who practically collect training materials, but do nothing from the recommended programs.

The program of the course “Profitable Trader in 60 Days” was developed taking into account studies of the effectiveness of training programs.

Therefore, it turned out optimal:

  • simple material in convenient giving
  • short program (increases the probability of passing to the end)
  • feedback supports motivation (checking homework, 2 calls, checking trade and answers to questions)
  • at the same time, we have maintained affordability, taking into account individual work.

And here are the numbers that we got based on the results of 8 months of work:

  • 10% – passed the material before the first homework;
  • 55% – completed all tasks on historical charts and reached virtual (demo trading);
  • 20% completed the course;
  • 25% of the entire sample in the process of studying the material.

Those who successfully complete the course most often acquire longer mentoring programs.

Only now I can answer reasonably the most common question: “What percentage of your students earn?”

As a result, of all those who completed the training, they trade in plus and regularly send diaries – about 15%.

Another third of those who have successfully completed their studies continue regular trading for a year or more. The result is different for everyone: from about zero to 5-20% per month, depending on the phase of the market.

The rest – either go in search of the Grail and collecting trading methods, or simply quit trading due to lack of time or due interest and perseverance.

To maximize the use of training programs and trade profitably, it is not enough just to buy training. How to lose weight (rejuvenate) by drinking yogurt or just buying a gym membership.

It is important to learn and maintain motivation, to reach the end. How to do this is the topic of a separate article. But, most importantly, it is to love exchange trading, to sincerely be interested in markets, and not just the ability to earn money quickly.

And paraphrasing the famous proverb, I’ll say that achieving success in trading is the work of the trader himself, and not the price of the purchased course, the promised profit or the starryness of the teacher.

In the next article, we will analyze the difficulties and psychological traps experienced by traders who are already in the 15% sample or are struggling for their stable positive results.

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