Some early mistakes in trading are capable of ending your trading career. A mentor, teacher, or guide can help you avoid some of these major pitfalls.
But even if you have a mentor, there are some early mistakes that you still have to make, sometimes your mentor will instruct you to do something, but you might be scared, and you won’t do it, so there are some little mistakes that, as a beginner, you can’t just avoid.
Topic: Importance of a mentor, teacher or guide to a beginner trader. (Read 496 times)
November 15, 2024, 05:10:06 PM
I agree that the current trading space is full of people like that - but if that's your friend or pal, then maybe it's worth risking things out.
Otherwise, if he offers you fees and why not, or you don't have evidence from others that he really delivers - yeah, that's a no-no.
True, if it's a known people to us, it's worth to try but don't wholly trust them. Because with that kind of relationship, they might go loose on you and will do crazy things with your time and much worse, with your money. Only it will happen when you're too gullible and don't consider things before finding a mentor. The evidence and condition will be based on you as a mentee and from there, you have to see results and that mentor friend needs to show results too. If nothing is shown, you better stop trusting that guy with your money.Otherwise, if he offers you fees and why not, or you don't have evidence from others that he really delivers - yeah, that's a no-no.
I didn't get rich like him, for two main reasons, first of all I do not have the capital that he had, but secondly I had to also take out money all the time to pay for my life and debts, so I never grew too much neither, but my results are better thanks to him.
November 15, 2024, 04:03:39 PM
As an individual considering to start trading, understand that the money you can lose trying to learn to trade on your own when you know that learning on your own is a difficulty will be more than the amount of money you will spend if you decide to get a mentor, teacher, or guide early.
Sure, if you are learning on your own, you are going to lose more money in the learning process, but that doesn’t mean you are not going to lose when you have a mentor, it’s just that there are some mistakes that you will make when you don’t have anyone to guide you, but if you have someone, then mistakes like that will be avoided, so if you are going into trading, it’s not a bad idea to have a mentor if you can get a reliable person, not a newbie that will claim to be a professional. Some early mistakes in trading are capable of ending your trading career. A mentor, teacher, or guide can help you avoid some of these major pitfalls.
But even if you have a mentor, there are some early mistakes that you still have to make, sometimes your mentor will instruct you to do something, but you might be scared, and you won’t do it, so there are some little mistakes that, as a beginner, you can’t just avoid. 
November 15, 2024, 03:18:31 PM
I agree that the current trading space is full of people like that - but if that's your friend or pal, then maybe it's worth risking things out.
Otherwise, if he offers you fees and why not, or you don't have evidence from others that he really delivers - yeah, that's a no-no.
True, if it's a known people to us, it's worth to try but don't wholly trust them. Because with that kind of relationship, they might go loose on you and will do crazy things with your time and much worse, with your money. Only it will happen when you're too gullible and don't consider things before finding a mentor. The evidence and condition will be based on you as a mentee and from there, you have to see results and that mentor friend needs to show results too. If nothing is shown, you better stop trusting that guy with your money.Otherwise, if he offers you fees and why not, or you don't have evidence from others that he really delivers - yeah, that's a no-no.
I didn't get rich like him, for two main reasons, first of all I do not have the capital that he had, but secondly I had to also take out money all the time to pay for my life and debts, so I never grew too much neither, but my results are better thanks to him.
November 15, 2024, 01:29:06 PM
Yep, if you find such a man - stick to him like he is your guarding angel 
I hope for everyone to find such a man in their appropriate lives and trading careers..
But it's rare to find that guy that will serve as our guardian angel specially in making money through trading. There are self proclaimed mentors and trading experts but with a cost of fee. That's why if you ever find someone that tells you that, you are on your own if you want to spend some money or not. As for me, I will not spend any penny on them because even if they tell me that they're the best mentor and trader in the world but they can't prove me that and they don't show any proof that they are, they have been already crossed out by me.I hope for everyone to find such a man in their appropriate lives and trading careers..
I agree that the current trading space is full of people like that - but if that's your friend or pal, then maybe it's worth risking things out.
Otherwise, if he offers you fees and why not, or you don't have evidence from others that he really delivers - yeah, that's a no-no.
November 15, 2024, 12:34:21 PM
Yes, that is the importance of the role of a mentor in guiding beginners, on the other hand, yes, you may have to spend some money to pay for their services, some people say that it is a waste, but try to think about this, isn't it when you do it yourself without being supervised and directed by someone experienced then it is very possible for you to lose much more money than you should? of course, so one of the benefits of having a mentor besides directing you on the right path or directing you to the right initial steps as a beginner, they also help you avoid the possibility of losing unnecessary money.
Or simply, their presence also has an important role to help minimize the risk of losing money due to an action that you should not do, so the point is if you do have an amount to pay the mentors apart from your initial capital to learn trading then do it, but if it turns out that you do not have the ability to do that then there is no other way than to learn autodidactically.
Or simply, their presence also has an important role to help minimize the risk of losing money due to an action that you should not do, so the point is if you do have an amount to pay the mentors apart from your initial capital to learn trading then do it, but if it turns out that you do not have the ability to do that then there is no other way than to learn autodidactically.
November 15, 2024, 11:26:10 AM
Mentors in starting trading are indeed very good, but finding a mentor who can teach us and be trusted is also an important thing to consider. I started to be interested in trading because of a friend who had been trading for quite a long time. but I didn't immediately ask him for help to be my mentor. I started trading with a demo account, there were many things I didn't understand and tried carelessly. I even considered trading almost the same as gambling. finally, I asked my friend for advice, but he just guided me in some preparations before starting to trade. from there I learned that beginners really can't trade just like that. there are many things to learn and prepare for. not everyone who has the capital to trade can trade.
And like your story, if we have a friend who is experienced and also has a good trading track record, there is nothing wrong if we ask for guidance from that friend. Because friends will not provide direction and guidance and also bad trading knowledge and he will definitely provide the best knowledge according to his best experience. And I also experienced that and besides that we will not feel awkward when learning or giving us good things that make us not tense and also not too serious and can do it together is more fun.
I am lucky to have a friend who can help and share his trading experience with me. I am very helped by all that. but he always said that everything he gave was not enough, I have to find more experience myself and also knowledge to develop my own trading skills.
I know I can't always rely on him, I have to be more independent in trading. I tried many things even though I also exchanged views with my friend. like trying to copy trading on an exchange that I was very unfamiliar with at that time. even my friend didn't use it in his trading. until now I still often communicate with my friends, even though it doesn't have to be about trading.
November 15, 2024, 07:32:53 AM
A mentor, teacher or guide will not only teach you the basics in the order of importance and how you should know it, but will also share with you their experience, and that can be very invaluable. Some early mistakes in trading are capable of ending your trading career. A mentor, teacher, or guide can help you avoid some of these major pitfalls.
A mentor can also end your trading career because not all mentors are good . Some mentors do not care about your development because they do not want you to be better than them. They are willing to be teaching you as far you do not become better than them. People are that wicked and that is why at times, it is better you learn things on your own instead of depending on people to help you. You can make it without needing anybody helps but it will take alot of effort from you. With a mentor, everything still depends on you because you will be the one to make th decision that will help you become a successful trader. There are some people that have mentors and it makes them to become too dependent on their mentor for everything without being capable of doing somethings on their own.
A mentor is good if he doesn't make you dependent on him.
Then he is no mentor, he is a leech, basically. And should be dealt with accordingly.
People should not dependent to their mentor. It will not result to them if they just stick with them since there's no full learnings to get and you cannot explore on other things important to know if you stick only or became dependable on what your mentor said. So leveling up our knowledge and exploring new information is important since this will help us to became more better trader. Since mentor for sure not know everything so its good for people to take initiative to add something that can helpful for them on the career they choose to learn.
So good for other people have this luxury where there's someone who can able to guide them to learn on trading since they doesn't need to face a lot of struggle since there is a people willing to guide them.
November 15, 2024, 07:25:44 AM
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A mentor, teacher or guide will not only teach you the basics in the order of importance and how you should know it, but will also share with you their experience, and that can be very invaluable.
Some early mistakes in trading are capable of ending your trading career. A mentor, teacher, or guide can help you avoid some of these major pitfalls.
As somebody that's still continuing to learn trading only by myself, having a mentor, teacher or somebody that will guide you would be helpful. A mentor, teacher or guide will not only teach you the basics in the order of importance and how you should know it, but will also share with you their experience, and that can be very invaluable.
Some early mistakes in trading are capable of ending your trading career. A mentor, teacher, or guide can help you avoid some of these major pitfalls.
Now the question is, where can you find those "LEGIT" mentors, teachers or those that will guide you.
Online? What are the chances of you getting scammed by them? You're lucky if you have somebody that you really know that's good at trading, but aside from that, nobody can teach you in a "LEGIT" way than yourself, and your experience in trading as well. TBH, I can't find a legit mentor online and if you know somebody that's a legit one then it would be a good choice to share it here. Traders on YouTube you might say. Well, it can be, but still, I don't know how I can trust them especially if you're a newbie and you want to learn trading.
I have nothing against having a mentor when it comes to crypto trading. The problem that I see is that I can't find any of them, and if there are, how sure you are that they will teach you instead of milking you with those money.
November 15, 2024, 05:36:20 AM
A mentor, teacher or guide will not only teach you the basics in the order of importance and how you should know it, but will also share with you their experience, and that can be very invaluable. Some early mistakes in trading are capable of ending your trading career. A mentor, teacher, or guide can help you avoid some of these major pitfalls.
A mentor can also end your trading career because not all mentors are good . Some mentors do not care about your development because they do not want you to be better than them. They are willing to be teaching you as far you do not become better than them. People are that wicked and that is why at times, it is better you learn things on your own instead of depending on people to help you. You can make it without needing anybody helps but it will take alot of effort from you. With a mentor, everything still depends on you because you will be the one to make th decision that will help you become a successful trader. There are some people that have mentors and it makes them to become too dependent on their mentor for everything without being capable of doing somethings on their own.
A mentor is good if he doesn't make you dependent on him.
Then he is no mentor, he is a leech, basically. And should be dealt with accordingly.
November 15, 2024, 05:30:47 AM
A mentor, teacher or guide will not only teach you the basics in the order of importance and how you should know it, but will also share with you their experience, and that can be very invaluable. Some early mistakes in trading are capable of ending your trading career. A mentor, teacher, or guide can help you avoid some of these major pitfalls.
A mentor can also end your trading career because not all mentors are good . Some mentors do not care about your development because they do not want you to be better than them. They are willing to be teaching you as far you do not become better than them. People are that wicked and that is why at times, it is better you learn things on your own instead of depending on people to help you. You can make it without needing anybody helps but it will take alot of effort from you. With a mentor, everything still depends on you because you will be the one to make th decision that will help you become a successful trader. There are some people that have mentors and it makes them to become too dependent on their mentor for everything without being capable of doing somethings on their own.
November 15, 2024, 03:13:03 AM
But a mentor can not be besides us all day long because he have his activities. That is why we must learn from other people and other sources so we can improve our skills better and not rely on him. If we can have a good skill to analyze the market, we can enter to the market anytime we want and the chance to make more profit will be bigger.
A beginners should learn how to trade with right and he must spends more time to learn more from other sources. He can not wait for his mentor gives a sign to buy coins but trying to analyze the market to find the coins. That will help him to improve his skill in trading so he will not have a difficulty to search for the coins that have potential to increase.
The one who will teach trading should not tell when to buy and what to buy, otherwise there will be no sense in such training. After training, the student should start trading independently (preferably with small amounts of money), he will of course make mistakes, and the teacher's task will be to point out where the mistakes were made, so that it is clear what was done wrong.
And then everything will depend on the student, if the mistakes are repeated again and again, then most likely such a trader will not be able to become successful...
Only by trial and error, a person can take the lead and become better than his teacher.
Nothing beats the good old practice, albeit, with risk-management intact to save your depos for the future.
November 15, 2024, 03:05:50 AM
But a mentor can not be besides us all day long because he have his activities. That is why we must learn from other people and other sources so we can improve our skills better and not rely on him. If we can have a good skill to analyze the market, we can enter to the market anytime we want and the chance to make more profit will be bigger.
A beginners should learn how to trade with right and he must spends more time to learn more from other sources. He can not wait for his mentor gives a sign to buy coins but trying to analyze the market to find the coins. That will help him to improve his skill in trading so he will not have a difficulty to search for the coins that have potential to increase.
The one who will teach trading should not tell when to buy and what to buy, otherwise there will be no sense in such training. After training, the student should start trading independently (preferably with small amounts of money), he will of course make mistakes, and the teacher's task will be to point out where the mistakes were made, so that it is clear what was done wrong.
And then everything will depend on the student, if the mistakes are repeated again and again, then most likely such a trader will not be able to become successful...
November 15, 2024, 02:56:23 AM
Thats the hassle thing when you do deal up on having a mentor on which you would really be that depending or basing up on their schedule or simply means that you will really be that definitely be basing up
into their vacant time on which i do prefer live sessions trading than with those recorded on which you cant really be able to have that good interaction in between you and your mentor.
If you do find yourself needing up that mentor then it will really be that up to you because not all people will really be having that kind of preference on having some mentor but instead they will really be liking
that they will be learning up things on their own. There would really be those who do really have that kind of laziness on which they are highly dependent with those mentors
and less up learn but not all because there are ones who do able to learn.
We are all once a beginner and it will really be that facing up those kind of intents and emotions due to lack of knowledge and experience on which this is normal.
People are really just that in a hurry on the time that they will be knowing about making money on something.
We will difficult to improve our skill when we rely on others in trading because we will thinks that we don't have to learn many things and only waits for the next info. That will not help us to understand trading better but we just waste our time by waiting for that mentor. Yes, we become lazy and don't want to think how we can have a better skills in trading because we can wait for the next signal to trade.into their vacant time on which i do prefer live sessions trading than with those recorded on which you cant really be able to have that good interaction in between you and your mentor.
If you do find yourself needing up that mentor then it will really be that up to you because not all people will really be having that kind of preference on having some mentor but instead they will really be liking
that they will be learning up things on their own. There would really be those who do really have that kind of laziness on which they are highly dependent with those mentors
and less up learn but not all because there are ones who do able to learn.
We are all once a beginner and it will really be that facing up those kind of intents and emotions due to lack of knowledge and experience on which this is normal.
People are really just that in a hurry on the time that they will be knowing about making money on something.
We can search for the mentor but that will not means we need to rely on him because this is our money which we need to responsible. If we can take the lesson from the mentor and search for the other lesson from other people or other sources, we will have a better skills that we can use to trade and analyze the market.
We want to make a profit from trading so that will need more learning about trading and not just rely on others. It is why we must realize that we need to have our skills so we can analyze by ourselves and improve our skills to be better.
November 15, 2024, 02:46:43 AM
A mentor, teacher or guide will not only teach you the basics in the order of importance and how you should know it, but will also share with you their experience, and that can be very invaluable.
Mentors in starting trading are indeed very good, but finding a mentor who can teach us and be trusted is also an important thing to consider. I started to be interested in trading because of a friend who had been trading for quite a long time. but I didn't immediately ask him for help to be my mentor. I started trading with a demo account, there were many things I didn't understand and tried carelessly. I even considered trading almost the same as gambling. finally, I asked my friend for advice, but he just guided me in some preparations before starting to trade. from there I learned that beginners really can't trade just like that. there are many things to learn and prepare for. not everyone who has the capital to trade can trade.
And like your story, if we have a friend who is experienced and also has a good trading track record, there is nothing wrong if we ask for guidance from that friend. Because friends will not provide direction and guidance and also bad trading knowledge and he will definitely provide the best knowledge according to his best experience. And I also experienced that and besides that we will not feel awkward when learning or giving us good things that make us not tense and also not too serious and can do it together is more fun.
November 15, 2024, 02:42:24 AM
The thing is that in Trading you have to understand that threading is all about transmission of knowledge and then when you fell not to understand the rudement of threading I think that you will not be able to excel well in Trading so from my own basic understanding is that for you to make a profit you must learn and understand the preambles of trading before you come attach your own knowledge to make it a perfect desperate that there is nothing can be perfect but with your own wisdom of understanding the concept through what your mentor taught you can make you to have a versatile knowledge of threading so learning is the most important thing in Trading for me I say is the key which everyone who is interested in trading should at least attend a trading class before you can proceed to thread on your own
Of course, knowledge is crucial in trading.
What is practice without theory? - It's like flying into the skies without knowing the moves for it.
So in order to succeed, a person needs to be cautious, craving for knowledge, and ready to make some mistakes along the line.
November 15, 2024, 02:40:34 AM
A mentor, teacher or guide will not only teach you the basics in the order of importance and how you should know it, but will also share with you their experience, and that can be very invaluable.
Mentors in starting trading are indeed very good, but finding a mentor who can teach us and be trusted is also an important thing to consider. I started to be interested in trading because of a friend who had been trading for quite a long time. but I didn't immediately ask him for help to be my mentor. I started trading with a demo account, there were many things I didn't understand and tried carelessly. I even considered trading almost the same as gambling. finally, I asked my friend for advice, but he just guided me in some preparations before starting to trade. from there I learned that beginners really can't trade just like that. there are many things to learn and prepare for. not everyone who has the capital to trade can trade.
I am happy that you have a friend like that and you probably changed your stance on trading.
So overall - stick to good people around you and minimize the risks you have at the table, and trading would be a thing to try and learn and improve in.
November 15, 2024, 02:38:52 AM
Yep, if you find such a man - stick to him like he is your guarding angel
I hope for everyone to find such a man in their appropriate lives and trading careers..
But it's rare to find that guy that will serve as our guardian angel specially in making money through trading. There are self proclaimed mentors and trading experts but with a cost of fee. That's why if you ever find someone that tells you that, you are on your own if you want to spend some money or not. As for me, I will not spend any penny on them because even if they tell me that they're the best mentor and trader in the world but they can't prove me that and they don't show any proof that they are, they have been already crossed out by me.I hope for everyone to find such a man in their appropriate lives and trading careers..
I agree that the current trading space is full of people like that - but if that's your friend or pal, then maybe it's worth risking things out.
Otherwise, if he offers you fees and why not, or you don't have evidence from others that he really delivers - yeah, that's a no-no.
November 15, 2024, 02:36:26 AM
Indeed, having a mentor creates a big difference. It provides you reliable feedback and learning experiences so you can avoid common pitfalls. It gives you high motivation and boost your confidence in trading. And most importantly, it leads you to new skills and strategies with high emotional and mental support which is very essential as a trader.
However, trading without a mentor does not necessarily mean that success is unreachable. Of course, if you can survive the rough roads in trading, and be able to learn from your own trading mistakes and failures, trading success is definitely achievable in the long run.
However, trading without a mentor does not necessarily mean that success is unreachable. Of course, if you can survive the rough roads in trading, and be able to learn from your own trading mistakes and failures, trading success is definitely achievable in the long run.
I agree. The road to success would be harder, that's for sure, but you would be more knowledgable in the end, in my opinion. And would be able to teach others as well as time goes on and expertise is piling up.
November 15, 2024, 02:13:25 AM
A mentor, teacher or guide will not only teach you the basics in the order of importance and how you should know it, but will also share with you their experience, and that can be very invaluable.
Mentors in starting trading are indeed very good, but finding a mentor who can teach us and be trusted is also an important thing to consider. I started to be interested in trading because of a friend who had been trading for quite a long time. but I didn't immediately ask him for help to be my mentor. I started trading with a demo account, there were many things I didn't understand and tried carelessly. I even considered trading almost the same as gambling. finally, I asked my friend for advice, but he just guided me in some preparations before starting to trade. from there I learned that beginners really can't trade just like that. there are many things to learn and prepare for. not everyone who has the capital to trade can trade.
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