As a newcomer a Great forex mentor is needed, it’s really supportive to keep survive in this volatile trading place in a proper way. But when you ll be a mature trader , then try to depend on your trading skill , not others.
Wow, where does opinions come from? If you giving any advise to someone else, you should do that from your extensive experience. Why to use mentor? The answer is very simple – to speed up educational process. Take a lot of time to learn trading profession and you will do that throughout the rest of your trader profession. Mentor will show you the road without pain and without suffering unnecessary losses. After being trader for 12 years I can tell you – get professional help instead complain about scammers. I had spent large sum of money for my education, taking courses with very well know traders like Bill Williams, Steven Nison, or Duane Archer. It will help you not only with technical knowledge, but with the most important trading aspect – mental state of your mind. You can’t help you self you need professional help. Internet is full of information about trading, Forex market opinions but here is the problem – most of that info are totally wrong because just like you guys mention – scammers. Free do not mean good – be careful what you read and where you read. Good luck traders in the new carrier. Cheers Jim
I think it is a good idea not just to have a mentor as such, however to have an experienced trader who you can discuss strategies with and bounce ideas off. Mentor seems hierarchical and in theory could also be a peer. Furthermore any mentor/peer figure needs to have proven results and not just talk of a successful past.
As we all know, trading forex is very much a mind-game and having a person to discuss trading with who can appreciate the context of forex trading is important.
Trading forex can be a lonely gig and when you tell your friends what you do they just do not understand and often talk of stock trading or mention someone they know that buys and sells Bitcoins.
I have had a person contact me asking me to be their mentor who wants to know how I formulated my system and am happy to assist. Even if I give my formula away I know that it is unlikely that he would have the right mind-set to maintain my trading plan.
@camerongill First you saying it is not good idea to have a mentor and then you are offering your mentoring to anyone. I think you are missing the point. When you were little kid your parents help to make first steps sort of mentoring what to do and not to do. Same think is with trader mentor its helping you to make correct first steps and what to do and not to do. You cut drastically education time by using some one experience to your advantage.