Topic: Importance of a mentor, teacher or guide to a beginner trader. (Read 1344 times)

Yup I also admit that it really happened, or what I mean is that many people take advantage of the situation for profit, like swimming while drinking water, like telegram groups or other social media that you convey and in the end often the direction given actually makes a beginner feel even more dizzy and confused until finally they assume that trading is too difficult for them and just give up. On the other hand, you don't actually need to spend a lot of money to get a lot of knowledge, because from what I see now there are quite a lot of experienced trader content creators who share tricks and tips on how to learn properly and correctly and also tell about the first thing beginners should do and all of that you can get for free, but in the end I think this depends on the seriousness of the beginners themselves in learning regardless of whether they have a mentor or not at all, because usually seriousness and sincerity will determine the results.

Mentors are important in all that we do, we can learn on our own but mentors reduces the time it'll take us to learn and help us get in good shape and condition to learn from the mistakes that others before us have made and sometimes the mentors they teach us from their own mistakes too. Hence when you have a mentor, you're steps ahead of other learners that don't have mentors but you still have to challenge yourself to become a fast learner as there are some people who mightn't have mentors but still they can become better traders than you because of their ability to learn quicker and too their determination to learn. Mentors are necessary but if you can't get one, you can still do it on your own without anybody helps. The industry is full of many people that are self taught.

Trading is a very technical subject which is why if you take the help of a mentor to learn trading then it will boost your learning.  You can also learn and trade on your own but it will take a long time and you will lose a lot.  So there is a need for a mentor to learn trading in a quick time while minimizing initial losses.  Anyone can buy and sell a token, but only expert traders can analyze how much profit can be made by buying a token.  And a mentor is definitely needed to learn these technical analysis quickly otherwise you will have to make a lot of mistakes and losses and learn something new through all those mistakes and losses.

When a beginner trader have a mentor, everything in trading will become much easier for the person, because as you have an expert or professional trader with you, he will guide you through the journey of trading, you will learn some experiences and skills from the person, he will support and encourage you, and will always motivate you to have confidence in yourself and over come all the difficulties and challenges, with the help of the mentor the beginner will be able to learn faster and understand the basics concept of trading.

If you do let yourself being influenced by money then you would really be losing that path that you've been trying out to hover or do able to do because we do know that when it comes to money then human beings are really that naturally be that getting aggressive or becoming that even more greedy on which you will really be that losing into that earlier intent on trying out to be a mentor. Each person will really be that different on which there are people who do stick into their principle and there are ones who do lost up their goals just because they do let themselves being blinded with greed and totally lost on whats their real passion when it comes on teaching up someone. As for those who do plan to have a mentor then it will really be that suggested that stick on where you do find yourself that learn up on much faster in compared  to another but actually every information could really be seen and searched out online. It is really just that a matter on how someone will really be making out their move and hard work in trying out to learn up new things accordingly.
There will really be those moments or times that you might that feel out to be lazy but actually there's no improvement when it comes to learning if you cant be able to experience for yourself on dealing up with something specially on trading.

Yes, if it is related to business, then everything we can do can also be made into a business, but of course there are things that involve morality, such as our goals in doing this. For example, in trade, what is our motivation for opening a class? Is it because we really want to educate, or in the end we only see the benefits for ourselves? That's what is difficult in my opinion, because I personally think that when someone is faced with money, it allows them to do things they don't really want to do, such as cheating and so on. Keep in mind that it is very sensitive and can change human nature.

When planning up to become a mentor then it will really be that normal that you do offer free mentoring at first and also getting your first student will definitely be the hardest thing since you will really be needing up that someone will really be believing into your results or outcomes specially into your trades. I have a friend of mine that doesnt have any plans on becoming a mentor but continously sharing up his trading results online and since he do make out some considerable or significant profits in sustainable manner, then this is the time or moment that there's some request on other people who do tend to follow his trades and ending up on becoming a mentor. Yes, he offers out free mentoring and at the moment that he became big or popular then he is now charging up some sub fees on which he did able to monetize on.

Having someone for you to follow isnt bad as long you do find it relevant on your learning journey. Just dont expect that you could be able to get it on short period of time because trading skills isnt something that you can be able to obtain in short time. You will really be passing up tons of trial and error before you could be able to have that good grasps of it.

I will try to position myself as the veteran. I might also think about starting to make money to become a mentor, but when it comes personally and it is someone I know, then I will not ask them to pay any money. But I will set up an association or class to start making money. I think this is reasonable because knowledge is not easily obtained. However, what is important here is what our capacity is like so that we are worthy of opening a class, I think that is where the consideration lies and if it is related to business, this is actually possible, but with certain notes. However, if I am alone, I now prefer and am comfortable sharing knowledge and experience if someone comes to me, that is already a matter of pride for me.

The hard part is when we find the right mentor who truly understands trading. Because I see so many people who just take advantage of the momentum and they say as if they know everything, even though they don't fully understand. Usually this happens a lot in groups like telegram channels and others. I only advise beginners to empty themselves, I mean they have to accept that they come with no knowledge. Because there are also some of them who act as if they know just because they follow an influencer. In this process we have to be serious and even though we already know some things, I think it would be better for us to find out more.

This is only the same as going to school and if you don't pay attention to your teachers, you will be in good trouble. You may not graduate, although we heard stories of undergrad people that still became successful in life, so may be what you are saying there is still true? Hhmm... Yet, I wouldn't advice for them to aim for it but still follow the basics first. Mentors might still be different from a regular teacher, and this one should be flexible because they don't follow orders like for example from the governments.

So, we can choose a good time for us in order to focus more in their lessons. We can evaluate our progress on our own by having some tracking tools but yeah that we can't talk to our self the same to having a person next to us. That would be weird and if someone sees us, they will think we are crazy. This must be the main advantage of having a mentor.

To be fair if a veteran is asking you to pay them to become your mentor, then do not work with them to begin with. There is no reason for a veteran to charge a newbie to teach them something, either you are willingly giving away your time to help someone, or you just don't do it at all, this isn't a business model. If a veteran is so good at trading, then they should make their money that way, there is no reason to keep charging the newbie if they are good enough at trading to become a mentor.

Any veteran who is good at trading enough to be a mentor, should be rich, and either willing to give their time to be a mentor for free, or just don't do that at all, don't help anyone, those are the only two options, doing it and also charging it makes me want to stay away.

It makes me think that they are not good at trading at all, they can't be making any money from trading at all, maybe a few times they did and have some proof as screenshot on their past trades that were good, but they hide 900 bad trades, and show you 20 good ones, that's what I think when one of them wants to charge me. There are so many good high quality resources online that are free, check those out and you will get more benefit for free.

Having a mentor before looks boring but it makes things easier to learn through a mentor than your self because it will even take longer for you to actually learn than to be thought and that is why we don't do school at home we go to were we are going to learn. And people that are new to trading were finding it hard to understand something but now with the hep of a mentor things are very easy and their is no need for you to struggle, before I forget some people even have an academy now were you can learn how to trade.

There are things that you can learn independently but I won't recommend independent learning when it comes to crypto, the complications keep increasing and there is no way that you will do crypto and you will not have like a mentor that you look up to, this is part of the importance your mistakes will be limited and because their some things that will take you longer to learn but when it comes learning with a mentor you find it very easy to learn and you will be closely watched by your mentor this are all part of the reason we need to take seriously.

YouTube is still not the perfect place to learn, I consider YouTube, telegram, social apps etc as a threat not just trading but generally. Everything we watch today are mostly for content purpose funny enough they make their money through live streams or subscriptions. At first when op mentioned mentor I thought of successful OG because they have the experience besides I will rather buy few educational books than following social media influencers who can’t impact the least knowledge. Literally trading is all about lose despite the pressure most people put to learn there’s no garantee definitely winning is sure but not continues.

In a complex activity like trading, if you can get a professional mentor or teacher, that would be very helpful on your part. Or some good peers that will share their trading experiences, then you are blessed to have them.

However, some still manage to learn on their own, and for me that's the most challenging one. You pursue on acquiring basic knowledge, you commit mistakes, you lose your funds, and eventually you learn your lesson. That only proves that success in trading does not rely in someone's mentor or guide, you are the one capable for that, even if the process could be hard and tough.

Some are independent, while others are just avoiding the expensive fees of a mentor or teacher since majority of these novice traders are still struggling on their finances. So they have no choice but to learn on their own and build their own knowledge and skills through self-motivation and patience.

However, as for me, it could be quite an easier path of learning if you have something to share or discuss with, or someone who will guide you on the process. But nevertheless, success is still not guaranteed by those mentors, but it’s on the trader itself on how he will embrace his learnings and apply them on the real field of trading.

I agree that learning from those kind of sources could be better than having a mentor that is personally teaching you. Because with those type of things you can see reviews and you can see what people did afterwards and you can see testimonials as well, and you can see even public discussions about it later on too.

There is really no reason why I believe that could be true to have a mentor being better, not saying it can't be, some people would prefer that, but this topic isn't something where there is only one truth and the rest are wrong. Both sides could be true for all kinds of people and we need to realize that as much as we can, things have to move forward no matter what we do and for that to happen, we need to find our own best help.

You can lose, but you also need to adapt when you do something wrong.
Part of the process is to get good when things are dire and search for the algorithm to change the way you view the market to understand it and make better deals on it.
That's how I see it.
And, of course - mentors, good ones, won't bring you a life change. Ever. They can only guide you.

When we do speak about scammers and fraudsters then this internet world does have lots of it, specially on crypto space on which tracking out those fellas will really be that almost impossible. Doesnt matter on what you are dealing into, there would really be those who will really be taking up some advantage specially into those noobs who do really that easily believe that easy money is really that indeed possible here on this space.
This is why it it will really be just that suggested or recommended that if you do have that zero knowledge, then the best thing you should do is to read up specially on real community feedbacks and experiences by other people on which this will really be adding up that overall awareness on what are the things that do happen around. Nothing beats when you are really that at least informed about those possibilities.

There's really that less chance that you would really be ending up on getting scammed or being victim by any fraud if you are really just that wise on every decisions that you are taking.
If you do find yourself that being relevant on having a mentor then it will really be that up to you but actually it is really just that an additional expense if you do ask me, because you can actually
be able to learn up things on your own if you do really just that simply read up on what are the informations that you will really be able to read up online but of course you should really be having that
deep understanding at least and having that common sense.

The Internet as we know is filled with a lot of scammers. Most of them living their dream using other people's money claiming that they will show them how to become rich and live their dream life's. It's all just scripted so that newbies would fall victim in the hope to make good money from false signals or mentorship.. the best way to learn forex trading is YouTube. You just have to take your time to study the market you wish to trade and understand its, psychological, technical, fundamental behavior.. though, there are still good mentors out there but like we say, out of all the traders out there, 99% loses and 1% are profitable...

I don't think it is right to consider people on telegram as mentor because anybody can claim to be a mentor on social media but lacks the real knowledge and experience of what a mentor should have. Social media is where people go and pretend to be what they are not and if one thinks of having a mentor on social media it is very possible to end up into a wrong hands. Having a mentor is very good and considering one it is important to assess every well if the person have the qualities of a real mentor. A lot of beginners makes the mistakes of accepting anyone found in social media as mentor.