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❓ASK Do you think having a mentor is important in trading ?

H

Horia_10

Guest
Starting Out With An Aim To Become a professional traders , lots of people end up making faulty trades in the very beginning due to not having a proper mentor or guide that is professional and can teach from his experience

Many people tend to pick up trading by following the wrong people and that's when they feel the need for a real one , do you think a mentor is important in trading ?
 
Solution
H
I agree most of the time things are difficult to be understood by us and are very challenging indeed so when you have a competent person as your coach or mentor that can make you pass through the hoos and holes calmly then you can succeed with the passage of time
mentor can help you to reduce the amount of time you need to learn how to trade currencies properly and help you to understand why you are not succeeding or achieving the results you want.
 
I agree most of the time things are difficult to be understood by us and are very challenging indeed so when you have a competent person as your coach or mentor that can make you pass through the hoos and holes calmly then you can succeed with the passage of time
 
Solution
Of course, it's very important because there are some things, terminologies, strategies that you might never understand unless someone who already have that experience explains it to you.
They actually make you see trading for what it really is, and not sugarcoating it as most YouTube videos do. If you can afford a mentor in trading, then please do because that will be of good benefits to you in your trading journey.
 
Thanks for your valuable input ,I do think the same that you always need to have an mentor that can help you with his experience of trading from the market in the form of tips that can be helpful for you and allow you to make profitable trades while avoiding the riskier path in trading for yourself .
 
It helps yes but not necessarily important because how many traders did have a mentor? Everything can be learned everything you need is available on the internet. Having a mentor is of course better because they are directly teaching you and you can ask them questions too. But I don't think they are necessary nor important
 
I agree but in countries like Asia where there are too much spam advertisements floating around the internet on popular social media sites ; people do fall scam to such things and they do invest and loose out big so it is always right to have an mentor who can guide you with such things as well in your journey
 
the reason why mentor is important ,is that there are some particular areas where you actually dont know about trading ,you could get that experience from mentor ,so you dont start placing the wrong trades , trading comes with huge risk and we need to have proper knowledge to earn off it
 
I agree even if you afford a cheap mentor ; go for it because some things work much better ; if you have a proper mentor to back you up and guide you ; most of the tines picking a trade without a mentor will result in loss only ; and you will blame no one than you for the loss in your business
 
I agree even if you afford a cheap mentor ; go for it because some things work much better ; if you have a proper mentor to back you up and guide you ; most of the tines picking a trade without a mentor will result in loss only ; and you will blame no one than you for the loss in your business
most times cheap mentors been found online could be scam ,even if I want to get a mentor that I would want to pay ,I think it would be offline I can't risk having an online mentor , because at times they are not to be trusted ,this is why many dont trust them
 
You're right in that sense , many of them have made big losses to their investors and they generally have no issues in doing that too ; so the main idea is that ; you should go for one you feel is an educated person on the subject and you can try to find one within your range
 
When it comes to trading, having a mentor is not all that important, cause no one would force you. It is your choice to have one or not. But I consider having a mentor necessary. This is because a mentor would help guild you and prevent you from making certain mistakes while trading. I also made the same mistake of trading without a mentor back then, and I ended up making lots of losses.
 
A mentor has the due experience which he has gathered from his mistakes abd therefore ; he doesn't only corrects and helps many traders avoid those mistakes but acts accordingly to help them out pick the profitable trades from the market . Mentors are very well versed and don't make the same repeated mistakes that the traders can do make on repeat
 
Having a mentor as a trader is very important because they will help you to teach you the necessary things you need to know.

It is also worthy that you understand that they have been into the trading business for a lot of years and therefore they will use their experiences to teach you everything needed to succeed.

One of the main reasons a lot of people do not hire mentors is because it is costly but at the same time, it is also worthy.
 
Starting Out With An Aim To Become a professional traders , lots of people end up making faulty trades in the very beginning due to not having a proper mentor or guide that is professional and can teach from his experience

Many people tend to pick up trading by following the wrong people and that's when they feel the need for a real one , do you think a mentor is important in trading ?
a mentor is a good idea, for anybody who wants to start trading. the problem is finding a profitable mentor. there are a lot of so called gurus in the trading world. so finding a good & profitable mentor is hard. many people dont want to mentor other people. its also a problem, many people dont want a mentor, they want a profitable signal service, without having to learn or do any of the hard work in understanding how trading works. trading forex is complex & it was made not to be easy. there are many aspects in learning to trade.

i for 1 have stopped helping other people, most of the time. i got tired of people bugging me & not doing any work for themselves. im no expert trader but i have become profitable. in telegram, there are some good trading channels. but most of the trading channels are crap or a scam. its hard to find good channels. but they do exist.
 
a mentor is a good idea, for anybody who wants to start trading. the problem is finding a profitable mentor. there are a lot of so called gurus in the trading world. so finding a good & profitable mentor is hard. many people dont want to mentor other people. its also a problem, many people dont want a mentor, they want a profitable signal service, without having to learn or do any of the hard work in understanding how trading works. trading forex is complex & it was made not to be easy. there are many aspects in learning to trade.

i for 1 have stopped helping other people, most of the time. i got tired of people bugging me & not doing any work for themselves. im no expert trader but i have become profitable. in telegram, there are some good trading channels. but most of the trading channels are crap or a scam. its hard to find good channels. but they do exist.
I too had found a channel but firstly the channel was in a different language that is Arabic and it posted weekly analysis of all the coins and stocks , I had used to pick up my favourite trades from there and I went on to make as much as 13% in my first Month of trading , So such good channels exist , it is our responsibility and duty to find them by doing the effort
 
Starting Out With An Aim To Become a professional traders , lots of people end up making faulty trades in the very beginning due to not having a proper mentor or guide that is professional and can teach from his experience

Many people tend to pick up trading by following the wrong people and that's when they feel the need for a real one , do you think a mentor is important in trading ?

I'll answer your question based on my experience. I'm a crypto trader since 2016 with 30% average monthly ROI.

For me, mentor is important in trading if you're already a successful trader not when you're just starting because you need to understand first what you're doing. Trading is very risky. Don't just depend on other person even if he/she is a multi-millionaire, popular, and with good educational attaintment and working experience.

Once you understand how to trade, when to trade, what to trade, and already profitable, only then you should get a mentor to improve more your trading activities.
 
a mentor is a good idea, for anybody who wants to start trading. the problem is finding a profitable mentor. there are a lot of so called gurus in the trading world. so finding a good & profitable mentor is hard. many people dont want to mentor other people. its also a problem, many people dont want a mentor, they want a profitable signal service, without having to learn or do any of the hard work in understanding how trading works. trading forex is complex & it was made not to be easy. there are many aspects in learning to trade.

i for 1 have stopped helping other people, most of the time. i got tired of people bugging me & not doing any work for themselves. im no expert trader but i have become profitable. in telegram, there are some good trading channels. but most of the trading channels are crap or a scam. its hard to find good channels. but they do exist.
You are probably very correct on this. It is very hard for you to find a profitable mentor when it comes to forex trading or even cryptocurrency trading.

Most of the people i have come across who are actually making a lot of money from forex trading do not have the time to teach other people.

There are many people i have seen on the internet advertising of their forex trading mentorship but the truth is that most of them do not make money. The kind of money they make is from mentorship and it is not profitable.
 
Yes, I truly believe that having a mentor in trading is nice, but it will a lot of time. They can help you understand different investment tips and strategies from their experience. I believe before competition or starting something it is good to gain some knowledge and create a better understanding.
 
It is actually right that the internet is filled with mentorship scam and these ads are everywhere , they generally lure you into making big investments into their affiliated platforms first and then when you suffer a loss they make money and until you keep with them trading you keep making big losses and in the end these mentors blame you out for the bad results only .
 

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