Importance of a mentor, teacher or guide to a beginner trader. - page 4.

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Quote from: Rruchi man on November 12, 2024, 02:42:03 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.

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.

Yeah, I can say that a mentor is quite important for beginners to be able to navigate the trading market quickly and more safely. Mentors will provide various lessons and their experiences well to beginners, and beginners can ask about various things about trading to their mentors and that will be able to avoid them from mistakes that are commonly experienced by beginner traders and allow them to establish a better foothold in the trading market. However, getting a mentor requires money, or if you are lucky someone can get a mentor for free but it is very rare for a professional trader to be willing to teach for free. Therefore, a beginner if he does not have money then he does not need to force himself to get a mentor for his trading - just learn by yourself slowly through Youtube, books, or other sources, that should be enough.

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Quote from: Rruchi man on November 12, 2024, 02:42:03 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.

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 is very good if you have the opportunity to meet a successful trader—I mean, someone who has already successfully started a trading journey. Because this person will guide you in every step you want to take in your trading journey, and also that will reduce the loss on trading. Although even if a trader has a mentor, they will still lose, but not the same as when you do it alone.

And also after the learning process of a newbie trader. Although sometimes we need to be careful with some traders because not all of them are good at trading, as they show up, some of them do different things and claim that they are traders, and that is why some newbie traders will lose too much even with their mentors.

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A lot of people neglect the importance of having a mentor to guide them in their journey to becoming a successful trader. Learning about the financial market by yourself might be very challenging, you are going to make a lot of mistakes but having an experienced mentor to guide you can facilitate your learning process and prevent you from making some bad choices. I would suggest beginners to look for a mentor that can teach them physically instead of buying courses and seeking online mentorship, most of them have scammed a lot of gullible people.

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Quote from: Zoomic on November 18, 2024, 06:39:50 AM

Quote from: Natalim on November 17, 2024, 05:12:32 AM

It’s not actually necessary that a mentor, teacher or guide is a person whom you trusted the most. Your own mistakes and failures could also serve as your mentor and guide. Although the learning process could be quite difficult, but if you have the will and determination to succeed on your endeavor, you will not limit your learnings but will explore more outside the context.

Even with a mentor, mistakes are still bound to happen. These mentors may be experts in trading but they still have moments when they make losses and still learn their own lessons too. A newbie trader still needs mentorship to guide him on what to and what not to do, this does not mean that everything will go smoothly and very perfect. While he gets this guidance from his mentor, he would be gaining some experiences along the way. The good thing is, a good guidance will reduce the number of mistakes and ofcourse risks he will make. If he is determined, he will grow and do even better. But, he should prepare his mind for any outcome because trading can be emotionally stressful.

Mentor is only a guiding hand, whereas you yourself - you are an explorer, who takes decisions and makes the best out of them.
Emotions are at bay, and you - in profit.

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Quote from: Natalim on November 17, 2024, 05:12:32 AM

It’s not actually necessary that a mentor, teacher or guide is a person whom you trusted the most. Your own mistakes and failures could also serve as your mentor and guide. Although the learning process could be quite difficult, but if you have the will and determination to succeed on your endeavor, you will not limit your learnings but will explore more outside the context.

Even with a mentor, mistakes are still bound to happen. These mentors may be experts in trading but they still have moments when they make losses and still learn their own lessons too. A newbie trader still needs mentorship to guide him on what to and what not to do, this does not mean that everything will go smoothly and very perfect. While he gets this guidance from his mentor, he would be gaining some experiences along the way. The good thing is, a good guidance will reduce the number of mistakes and ofcourse risks he will make. If he is determined, he will grow and do even better. But, he should prepare his mind for any outcome because trading can be emotionally stressful.

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Quote from: Rruchi man on November 12, 2024, 02:42:03 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.

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.

If you are a newbie in the field of crypto trading and you have a mentor, it is an advantage if the mentor is good—a teacher who will guide you in this matter. Or there are others who invest in attending seminars about trading just so they can learn.

That's why those who pay for the seminar that will teach trading, I don't favor that because most of those who attend this session will be wasted, because the learning of trading is not obtained in one, two, or three sessions to be able to say that you will be wise and be able to trade and be able to get a profit in the trading industry, which is usually what the mentors teach in a session or seminar is really just the basics. This is all I know only.

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It’s not actually necessary that a mentor, teacher or guide is a person whom you trusted the most. Your own mistakes and failures could also serve as your mentor and guide. Although the learning process could be quite difficult, but if you have the will and determination to succeed on your endeavor, you will not limit your learnings but will explore more outside the context.

The pioneers that turn out successful traders are the living proofs. It’s just a matter of courage ang patience. That is why if you want to trade, prepare yourself, financially, mentally, and most importantly emotionally, as there can be no instant success to trading.

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Patience and hard work are the keys to success.

A teacher or mentor is essential in learning anything, not just trading. You can acquire knowledge without a teacher but you must face some problems to put it into practice. Because education and practical use are two different things.

By the way, I find it most important to have a mentor or teacher when it comes to trading. You may be able to learn the trade on your own very easily but practical application is very difficult. You don't encounter those risky or difficult moments of trading when you are most likely to lose. You don't even know what to do in those moments. A teacher or counselor has experienced these moments, they know what action to take at any given moment. They will definitely teach or help you learn realistic trades.

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Quote from: Cryptmuster on November 15, 2024, 03:05:50 AM

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...

They don't have to tells that but people who under them will thinks that those people will gives their prediction and will say that they should buy the coin at a certain price. Many people becomes rely on them and wait for the next signal from those people but again, they will difficult to make more profit if they do that. They will not have a chance to improve their skill better because they don't want to learn more about trading and only wait for their mentor saying about what coin they can buy and what price they can place their buy or sell order price.

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Quote from: Issa56 on November 15, 2024, 04:03:39 PM

Quote from: Rruchi man on November 12, 2024, 02:42:03 PM

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.

Yes I think that's true because no matter what is called a mistake, it cannot be completely avoided, especially when we are talking about beginners, even in general experienced traders are never free from mistakes, perhaps it can be said simply that in trading, mistakes are something that is very possible for a trader to do even though he has a mentor, and remember the role of the mentor here is to minimize all unwanted possibilities, it does not mean that you will never lose but their role is to make the amount of your loss not too significant with the scenario of giving you direction regarding what is allowed and not allowed to be done in certain situations.

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Quote from: justdimin on November 15, 2024, 03:18:31 PM

Quote from: passwordnow on November 15, 2024, 01:29:06 PM

Quote from: fikrett on November 15, 2024, 02:38:52 AM

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.

I had one, he was a friend and he was a finance person before he got into crypto and after getting into crypto he made a lot of profit because to him it was simple and he made millions. He helped me learn trading, before him I didn't completely understood things, I had some studying about it before him as well, but I never understood it completely and things didn't made sense and I kept on making a loss. Thanks to him answering my questions he helped me realize my mistakes and I started to make more money.

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.

That's better than nothing. And you owe that to your friend of yours and that's why sometimes, they're all a blessing in disguise and we only have to start talking to them so that they will know what we are up to. With that, you're able to learn more and become better in trading and even if you didn't become rich, you already have a path way and all you have to do is to continue and make sure that you get something from the learnings you have made from him. You can still do and if capital is the problem then it only takes you to save some money first.

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Quote from: Rruchi man on November 12, 2024, 02:42:03 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.

Quote from: Rruchi man on November 12, 2024, 02:42:03 PM

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.

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Quote from: passwordnow on November 15, 2024, 01:29:06 PM

Quote from: fikrett on November 15, 2024, 02:38:52 AM

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.

I had one, he was a friend and he was a finance person before he got into crypto and after getting into crypto he made a lot of profit because to him it was simple and he made millions. He helped me learn trading, before him I didn't completely understood things, I had some studying about it before him as well, but I never understood it completely and things didn't made sense and I kept on making a loss. Thanks to him answering my questions he helped me realize my mistakes and I started to make more money.

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.

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Quote from: fikrett on November 15, 2024, 02:38:52 AM

Quote from: passwordnow on November 14, 2024, 04:30:51 PM

Quote from: fikrett on November 14, 2024, 03:32:13 AM

Yep, if you find such a man - stick to him like he is your guarding angel Tongue

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 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.

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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.

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Quote from: bitzizzix on November 15, 2024, 02:46:43 AM

Quote from: Pandu Geddon on November 15, 2024, 02:13:25 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.

In my opinion, in the world of trading, mentors are very helpful and most importantly we can get a good and experienced mentor, who we can accept and understand when the mentor gives good input or direction.

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.

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Quote from: fikrett on November 15, 2024, 05:36:20 AM

Quote from: $weetne$$ on November 15, 2024, 05:30:47 AM

Quote from: Rruchi man on November 12, 2024, 02:42:03 PM

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.

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Quote from: Rruchi man on November 12, 2024, 02:42:03 PM

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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.
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.

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Quote from: $weetne$$ on November 15, 2024, 05:30:47 AM

Quote from: Rruchi man on November 12, 2024, 02:42:03 PM

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.

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Quote from: Rruchi man on November 12, 2024, 02:42:03 PM

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.

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