Importance of a mentor, teacher or guide to a beginner trader. - page 5.

betswift

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

Quote from: michellee on November 14, 2024, 01:11:33 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.

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Quote from: michellee on November 14, 2024, 01:11:33 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...

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Quote from: stomachgrowls on November 14, 2024, 02:43:00 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.

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.

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

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.

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Quote from: GeorgeJohn on November 14, 2024, 05:30:09 PM

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.

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

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.

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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.

betswift

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Quote from: Questat on November 14, 2024, 04:15:48 PM

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.

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.

Pandu Geddon

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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.

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.

batang_bitcoin

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Quote from: Questat on November 14, 2024, 04:15:48 PM

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.

Anyone who gets into mentoring gets also a support group with other mentees, I think that's a good idea if that group is all about learning and progress. There are mentors that create challenges for their mentees and so they become competitive on their own once they're released in the wild and decided to be alone.

Quote from: Questat on November 14, 2024, 04:15:48 PM

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.

There are traders that have learned on their own without having the mentors. They've learned through deep research, experience and as well as continuous learning through various resources that they're able to gather throughout the period of their trading time. These people are scary and dangerous because they're determined to be one of the best and they'll eat out alive the weak traders.

Gladitorcomeback

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Quote from: SOKO-DEKE on November 14, 2024, 04:03:24 PM

Having a good mentor will play a very important role in a beginner's life, especially in terms of limiting their risk in trading. Trading is very hard, and it is a good idea for someone to have a mentor. Once someone has that mentor, there are small mistakes that other beginners might make, but a beginner with a good mentor may avoid those same mistakes. When someone has a knowledgeable person guiding them, their understanding is often different from someone studying alone to gain knowledge. A mentor will break things down and explain concepts in a simpler, more effective way. Like me when I was learning about trading myself I found it more difficult to understand easily and I was even try to give up to once one of my friend was guiding me the was understand and trying to put this in practice it was surprise.

You are right, but I think different people will have different mindsets and different approaches to what they do. Some people might find it difficult to understand certain concepts if they are not guided by someone else because they can't comprehend what they read or listen to in a video, and they need someone to break everything down for them. Some people, on the other hand, wouldn't need to be spoonfed like that, and they would understand things very well even without having a mentor or someone who would tell them every single thing.

I wouldn't talk about others, I'm an example myself because I never had a mentor when I started exploring cryptocurrencies and this market. I have always done everything myself from learning to starting to trade or making investments. I have always been interested in it so it wasn't very difficult for me to understand everything.

So, the point is, that some people might need a mentor and they do play a great role for them, undoubtedly, but some people can do things on their own.

GeorgeJohn

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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

passwordnow

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

Quote from: passwordnow on November 13, 2024, 03:42:02 PM

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

A mentor, teacher, or guide can help you avoid some of these major pitfalls.

I agree but you have to add a "genuine". Because not all of those teachers or guides are genuinely there for us. But if you ever find someone who's willingly to that for you with a genuine concern, you've found a gem. You'll never find someone who's too careful for you as you trade whether he's a life mentor, a trading mentor, cherish them and don't ever let them out of your life because the life lessons that you can learn from those mentors are going to add of great value to your life and you'll never see that with other people trying to do the same thing as you.

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.

Questat

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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.

SOKO-DEKE

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Having a good mentor will play a very important role in a beginner's life, especially in terms of limiting their risk in trading. Trading is very hard, and it is a good idea for someone to have a mentor. Once someone has that mentor, there are small mistakes that other beginners might make, but a beginner with a good mentor may avoid those same mistakes. When someone has a knowledgeable person guiding them, their understanding is often different from someone studying alone to gain knowledge. A mentor will break things down and explain concepts in a simpler, more effective way. Like me when I was learning about trading myself I found it more difficult to understand easily and I was even try to give up to once one of my friend was guiding me the was understand and trying to put this in practice it was surprise.

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Quote from: Faisal2202 on November 13, 2024, 10:36:10 AM

Their experience is really invaluable we must listen to the stories, which they share occasionally. But as a newbie, it's hard for them to judge either the person they are following is a good mentor or not. I consider myself a newbie in trading, and I really don't know if I learn technical analysis, I would be making more profit or not, and they are complex too, plus I am doing well with fundamental analysis. But still, to learn more, I prefer to watch old videos of the influencers I follow so I can confirm whether whatever they are sharing is good or not So now I have two dudes on YouTube who share good videos, and I have been following them for 1+ years.

If a newbie is doing future trading at the moment, then they should stop it immediately. A mentor would also suggest the same that future is not for newbies. The dudes I follow really shared good stuff and saved me from big mistakes so never test that you have natural powers and you can earn without any mentor or you don't need one. Finding one won't cause any harm.

That part about not being sure about the mentor being any good or not is the main reason why we are facing this many trouble, because we really do not know if they are good or not. We try to make assumptions, but if we are listening to someone that is bad, and we do not realize they are bad mentors, then we are going to learn bad ways to trade and that would result with us making a loss.

I try to see what people suggest, that way I know people who have seen and listened to others, and they review basically those people and based on those reviews I can see if they helped anyone or not before. If they did helped people and gained a lot of attention because of it, then we are going to end up with a much better result eventually.

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Having a mentor is indeed better in trading, but having a mentor does not guarantee your success in trading. The point is, it comes back to yourself in starting trading, having a trusted mentor is good because we can quickly understand or can restrain ourselves when making decisions, but nowadays there are also many bad or irresponsible mentors who even have to pay for their mentor's services. So be careful in choosing a mentor.

Even without a mentor, you can also be successful, especially in an era like today, it is very easy to learn trading and getting information is also very easy. The important thing in trading is only one, don't want to get rich quickly from trading, but be lazy to learn and lazy to try. In fact, trading is also a business, it takes time to build, analyze, learn, sacrifice time, money, energy before you can get consistent profits.

Now there are many traders who can learn a lot from experienced traders and investors on social media, and there is a lot that can be learned from their experiences in trading so you don't need a mentor who has to be paid for trading, the important thing is to want to learn from their experiences.

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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.

There are persons who have defiled this norm you just stated, they have learnt on their own and still didn't get to loose money so much that it would have cost them if they were to get a teacher or mentor as the case may be, deduction and determination sometimes even matters the most and not basically the mentor or teacher because even with all of that, someone can still not get it right as they may not have the discipline to follow up with the teacher or mentors guide all through so that will make them exhaust the time stipulated for learning yet without learning any just yet, so it's basically a thing of discipline and the mindset.

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Quote from: passwordnow on November 13, 2024, 03:42:02 PM

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

A mentor, teacher, or guide can help you avoid some of these major pitfalls.

I agree but you have to add a "genuine". Because not all of those teachers or guides are genuinely there for us. But if you ever find someone who's willingly to that for you with a genuine concern, you've found a gem. You'll never find someone who's too careful for you as you trade whether he's a life mentor, a trading mentor, cherish them and don't ever let them out of your life because the life lessons that you can learn from those mentors are going to add of great value to your life and you'll never see that with other people trying to do the same thing as you.

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..

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Quote from: Odusko on November 13, 2024, 05:41:19 PM

Quote from: passwordnow on November 13, 2024, 03:42:02 PM

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

A mentor, teacher, or guide can help you avoid some of these major pitfalls.

I agree but you have to add a "genuine". Because not all of those teachers or guides are genuinely there for us. But if you ever find someone who's willingly to that for you with a genuine concern, you've found a gem. You'll never find someone who's too careful for you as you trade whether he's a life mentor, a trading mentor, cherish them and don't ever let them out of your life because the life lessons that you can learn from those mentors are going to add of great value to your life and you'll never see that with other people trying to do the same thing as you.

This day, traders are not willing to mentor anyone for free again, because at the end all that they believe is that, once it doesn't have a price tag to it, people won't value the mentorship, so for that, teaching newbies how to gamble or every other things requires the mentees to pay a fees, and from the introduction of that fee, comes the possibility of scamming in the whole system, because most of those that charge those fees will never give in the time to properly teach the mentees unless for a few of them.

You said the truth also, because many times, some mentees have made some mistakes of loosing a life mentor because of their carelessness a d the rest of the others habits that take them off the presence of the mentor, and the negative impact of this on their trading journey is severe and bad.

Many of the losing we recorded while trading as newbies are all because of our inability to have a lesson and a guide before starting off to trade.

The best opportunity is when you do have a friend-trader, that way, you always have someone to speak about the situation, for free, and it wouldn't make you feel uneasy or uncertain about something if your friend is a good trader. Knowing how to control his emotions, etc.
It's rare and scarce, but it's possible, in my opinion.

Topic: Importance of a mentor, teacher or guide to a beginner trader. - page 5. (Read 1344 times)