I still remember there's a so called professional trader in my country, he sell a subscription to join in his private group for trading. He give e-books, trading signal, risk management etc, but there's always a sentence "trading is high risk, we're not responsible for your losses".
But, after few months, I know that he's just a liar.
His signal tend to lose than win, he said to use 20%-30% to invest in cryptocurrency, but he actually use almost of his money to invest in cryptocurrency. When his signal went true, he will spam and make him looks smart, when his signal went false, he will hiding in basement and come back tomorrow.
Topic: Importance of a mentor, teacher or guide to a beginner trader. - page 7. (Read 1344 times)
November 13, 2024, 03:30:53 AM
November 13, 2024, 02:44:25 AM
It is very difficult to find a good mentor, except if he is your friend or relative. Everything that can be found on the internet is usually cheating when a stolen trading course is sold for little money. Therefore, it is necessary to focus on self-education, which will be more useful in any case than if you give your money to a crook.
You are very right. Those that are good will bill the person except they are relatives. What that is mostly important in trading is to learn about risk management. It is not long to read and I do not think it can take more than 10 to 15 minutes to read. Having a mentor is not necessary. Many mentors are seeing money from the people they are teaching and not actually from trading. Some have huge amount to trade with which helped them. A mentor that if have small amount to trade, he will also be losing. November 12, 2024, 09:14:11 PM
People do not learn anything from birth. It is not that there is nothing to learn in trading. Rather, new traders have a lot to learn in trading, new traders will lose money without realizing it at first. In the first case, if the cow loses, his desire or interest to become a trader will be lost. If there is a teacher, guide, you will be saved if you have small mistakes.
November 12, 2024, 06:42:11 PM
A mentor helps you to avoid the mistakes they made as learners.;
A mentor can make to learn faster and succeed than your colleagues;
Without a mentor, you can also learn but you could make some avoidable mistakes;
However, having a mentor is not the ultimate, rather being willing and able to learn and be committed over the time.
Instead having one mentor, I'll prefer to have two teachers. I like learning from more than one source.
A mentor can make to learn faster and succeed than your colleagues;
Without a mentor, you can also learn but you could make some avoidable mistakes;
However, having a mentor is not the ultimate, rather being willing and able to learn and be committed over the time.
Instead having one mentor, I'll prefer to have two teachers. I like learning from more than one source.
November 12, 2024, 06:15:44 PM
Those who are privileged enough to have a mentor, teacher or guide at the beginner level are very blessed because of the endless opportunities that awaits them which you have already highlighted. However, it is not for everyone. For some reason some beginnersay not even have this opportunity. I am an advocate for learning from your peers informally. Belonging to a thriving and helpful community would always trump anything else in trading particularly at the beginner stage. Everyone is asking the right questions and having their peers who have had that experience or been in that situation put them through. That's it.
November 12, 2024, 06:14:47 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. ..
It is very difficult to find a good mentor, except if he is your friend or relative. Everything that can be found on the internet is usually cheating when a stolen trading course is sold for little money. Therefore, it is necessary to focus on self-education, which will be more useful in any case than if you give your money to a crook.
November 12, 2024, 06:05:21 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.
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.
Having a mentor in trading is very important. A person with a mentor has an edge already over a person without any. A mentor can help you reach and achieve your goal faster if you’re able to learn and avoid some certain mistakes he did to have prolonged his success in trading. A teacher, guide or mentor have something in similar which is to teach to make sure their student understands better.
A mentor may not determine how much you can make or the limit to which you can be successful at trading. You need to put in your best efforts at trading and making sure that you do all it takes to make your trading experience a success. A mentor is just a catalyst but it doesn’t tell how much you could be or become after exploring their option in your trading journey.
November 12, 2024, 05:25:07 PM
The role of a mentor in any aspect of life can not be over looked and it advantages not only limited to trading alone but every other aspect that we choose to chase activities most especially money generating activities be it business, investment or trading, having a mentor will save the individual from possible incidence that can burn them out of motivations if there is no mentors their are looking up to, so I agree with the whole points you mentioned about the need for a mentor in trading.
Although many traders here in the forum leant trading on their own without the help of a mentor, including myself, I never pay anyone to learn trading all what I learn here in the forum, I always practise them with little amount I can afford and loses occurs in the fast time, but as time goes on and I learn from my mistakes, I was able to adjust to place myself on more profits compared to my loses right now, so while some need mentors, others may survive through without a mentors, it all depends on the approach each of us adopted from the beginning.
Although many traders here in the forum leant trading on their own without the help of a mentor, including myself, I never pay anyone to learn trading all what I learn here in the forum, I always practise them with little amount I can afford and loses occurs in the fast time, but as time goes on and I learn from my mistakes, I was able to adjust to place myself on more profits compared to my loses right now, so while some need mentors, others may survive through without a mentors, it all depends on the approach each of us adopted from the beginning.
November 12, 2024, 03:33:24 PM
Did you get a mentor when you were a newbie in trading and that helped you so much or you did not get a mentor and you regretted it?
I will say personal experience and then the experience from others. Personally, I had a guide, so during my early days, I did not experience any loss bigger than the amount that I spent in paying the guide to learn under them. From the experience of others, I know traders who I can now call very successful in trading, and some of them will, at any time they have an opportunity to discuss it with me, recount the losses they made early in trading and how that could have been avoided if they had proper orientation about risk management before they started trading. Trading is about experience and not just only about knowledge. Mentor will provide you knowledge but you will need to know many things on your own if you want to become a good trader.
A mentor will provide you with more than knowledge. They will share with you some of their experience; it does not mean that you will still not have your own experience, but the experience from your mentor as the added bonus to knowledge from them will help you. 
November 12, 2024, 03:03:11 PM
Did you get a mentor when you were a newbie in trading and that helped you so much or you did not get a mentor and you regretted it? I just want to know if it is what you experienced that is making you to post this.
I did not have a mentor but I lost money in trading at the beginning before I know I have to be very careful with my money. Trading is very hard to make money from at the beginning.
But having a mentor does not guarantee that a trader will not still lose money. Trading is about experience and not just only about knowledge. Mentor will provide you knowledge but you will need to know many things on your own if you want to become a good trader.
I did not have a mentor but I lost money in trading at the beginning before I know I have to be very careful with my money. Trading is very hard to make money from at the beginning.
But having a mentor does not guarantee that a trader will not still lose money. Trading is about experience and not just only about knowledge. Mentor will provide you knowledge but you will need to know many things on your own if you want to become a good trader.
November 12, 2024, 02:57:06 PM
Definitely, having a mentor will boost your trading journey up to a certain percentage.. that's because you will have someone to guide you through the early stages of your trades till you get to that level where you know how to manage your own trades.. again, you should not just have any mentor, but someone who has been profitable on the long run.. don't have a mentor who has some more loss than his wins...
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, 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.
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