Topic: The Importance of Having a Trading Mentor - page 3. (Read 1195 times)

Agree bro, no one can do something without knowledge and those who teach, those who teach are mentors, it is important for us to have a mentor who always accompanies us on our trading journey so that we can see and know things that we don't know yet so that we can carry out trade correctly, not haphazardly, let alone follow along, trading is not as easy as we see and think, trading is very complicated because we cannot guess whether the market price will go up or down, with a mentor we can understand how it works and You can monitor it via the graph, when there are problems in your trading journey, we are not careless in taking a stand because there is a mentor where we can ask questions and learn from mistakes and failures, that's why it is important for us to have a mentor who accompanies us when we are beginners.

I don't know how a newbie trader would succeed without a mentor or a guider, A mentor is just like an eyes to a newbie trader who don't have any experience about the market, a mentor is very necessary when it comes to trading, there sometimes that you would stock with bad trade and you don't know what to do at that point, but with a mentor by side it will help guide you with taking a better decisions that will help you navigate your trading journey.

I believe free programs or mentoring isn't that bad if a person is interested in learning. The internet is full of free resources about almost everything you can think of, I know that there might be limited information in each resource but if someone combines multiple resources and learns from different sources over the internet, they can learn things just as good as a person learns from a good mentor. It's all about having dedication and willpower to learn.

I have seen a lot of people who are self-taught in a lot of things that they do and believe me, you won't believe they have learned everything themselves when you see them doing those things because they have become so efficient in them. So it's all about focusing in the initial stage and then practicing what you learn, whether you have a paid mentor or you are learning from free resources, if you are practicing constantly, you will become perfect in that thing eventually.

Yes that's true; professional trader will be good mentor sometimes that's wrong, i see some of my friends who's knew good about trading but when i asking something to learn trading strategies then they can not express in easy way, they make it difficult to tech other but they are very successful traders for several years in their trading carrier.

In this case, the beginner must decide on his own whether to spend money on training or lose it by doing self-study. And which of these methods will be more preferable is very difficult to say. But in any case, it will be associated with spending personal funds and will be the first step in getting acquainted with the cryptocurrency market.

A lot of newbie traders are only seeking for mentorship because they are scared of losing money and not because they really want to learn and develop new strategies on their own. A trader that is always too conscious of losing money will always be scared to take risks and try something new. To all new  traders, it doesn't matter if you are learning under a mentor or learning on your own through different sources, just be prepared to lose money anytime because that is the sacrifice a trader has to pay to get that perfect strategy. The money lost doesn't need to be huge, start small and grow gradually. Do not let the fear of losing money limit what you can actually learn and achieve as a trader. One can actually have a good mentor and still be stucked at a spot without any form of improvement and growth. Be prepared to take risks.

Indeed. IMO, they are real example of failed traders but they are not aware about it. There are some people who only wasted time in trading, they never be real traders. Real traders should be the people who keep improving their trading knowledge.

Sometimes it is not really easy to prove someone's capability in trading. Even he showed portfolio and his achievement, it can be fake proof. Also, it will be impossible that a professional trader shows his real trading account data (to ensure he doesn't lie). This just indicates that he isn't professional enough. The reasonable way to get a proper mentor is to join a channel of popular traders. But this way will never have fully lesson from the mentors because they actually don't give the lesson for us privately.

Yep, that's why we need this forum, a place for discussing and finding out the information of proper sources.
Well, you're lucky, mate. It is good that you can learn from your friends who are experts/professional traders. Unfortunately not everyone is as lucky as you. By the way, joining the trading groups in social media are mostly intended for discussing and sharing information. It is not proper place for newbies who wants to learn basic knowledge.

Yes, it all matters about on how much you could pay or simply doesn't mind about the expense just for the benefit of having that fast track when it comes to learning on which this kind of learning is still that considerably depends on you because not all would really be that willing to pay on something that they could be able to learn for free.It will really be that normal that there would really be those people who would really be that skeptical on doing so because the amount that they would be paying up for learning then they do rather adding it up for their trading capital.Its important that no matter which method or path you take which as long you could be able learn things then this what matter the most.We do have our own ways and methods on which if you do found out that you need up some mentor to learn, then go ahead but if you do look that this one isn't necessary then you go with the other way.

If you can afford to pay a trading mentor, much better. This will help you avoid future scams in trading. However, know that having a trading mentor won't create guaranteed success in trading. But it will definitely be a good guide to you to lessen your possible losses when trading most particularly for beginners, and with good trading experience after some time, you will come to maximize your profits as long as you are not trading against the market sentiments.

I just think that every trader are normal person like you regardless of their experience and time spent. Everyone makes wrong calling and it's not because they don't know or understand the market but because you can't say everything about trading and get it right but there is nothing but if you do take them as way of learning from their strategies, there are ways you can benefits about them but there is nothing special about been a mentor in trading.

If you want a mentor, you don't need to but you can make some traders your buddies. We have many of them in YouTube but you need to be vigilante about the ones you follow. There are many reports about YouTube traders and influencers using their followers to shill projects and promote fake projects just to make money, they even give wrong callings about trade just to influence people, be wairy of such mentors and guidance.

So who are we supposed to go in with? Even if you ask someone to guide you, then that doesn’t mean you are going into trading with the person; you are still going alone.
 
But maybe because you lost during trading that’s why you think it’s best to have a mentor, even with a mentor you still going to lose as a trader, even the person mentoring you is also losing sometimes, so we should know that losing is normal when it comes to trading.

It’s not a bad idea to have a mentor when learning how to trade, but I hope you know not everyone that calls themselves a trader is really a trader, so I will say it’s kind of difficult to get a professional trader that’s properly going to guide you when you trade. If you have anyone that’s planning to teach you, then you shouldn’t completely rely on them, make sure you seek knowledge from other places. There are books that we can read, and there are videos we can watch that are going to guide us also.

I don't think having a mentor would help someone to learn trading but surely for newbies it could be a good step. The ones who want to be top level traders should not rely on a mentor's presence if they want to be successful as traders. The ones who learn trading themselves can fix their own mistakes overtime and may become better and successful traders.

The problem for a beginner is that few can afford a mentor, as this will require additional costs to pay for this type of service. For this reason, many beginners use free training programs, the quality of which is not always satisfactory, which ultimately leads to the loss of the deposit.

Doing crypto trading with a mentor is one of the keys for anyone who wants to carry out activities in the crypto market, not only beginners, those who have been involved in crypto trading for a long time cannot be separated from mentors.

There are very many friends or those who ignore the advice of experts and ignore the advice of those who are experienced in crypto trading, so they always get stuck in crypto trading, Sometimes it's our egotism that destroys us, we only get 40% trading knowledge as if we're the king of trading so we don't need a mentor anymore, so we end up in a loss.

In my understanding, learning and knowledge of crypto trading never runs out, as time goes by changes continue to occur, be it market conditions, analysis, trading volume, changes are always present in the crypto market, today we believe that certain types of crypto can be successful, but not in the future this type of crypto could die and be worthless, for this reason, guidance on the direction of development from a mentor is really needed, without having to throw away the goodness of the mentor himself.

Yes, it is true, making a mentor as an alternative is not a must, but it cannot be denied that the role of a mentor does help beginners to direct them to the right path, because in the past I also felt how confused I was when learning by myself without any direction from anyone so that in the end everything was random, in the sense that I learned but not gradually about what to learn first as a beginner which in the end made me often feel confused and have difficulty, and maybe this is the cause of the longer learning process.

Basically, even though with the guidance of a mentor it does not guarantee your success in trading, at least it might make your journey easier and not like when you do it yourself, and in the end I think this comes back to each person's choice.

With that we can easily understand those situation that hard for us to figure out especially that there's a lot of things that we need to deal with the market. Trading mentors will help on those cases and give advice on possible action to be done in situation currently happening to us. Although its not necessarily to believe on everything they teach but at least we have good guide to look at in their presence.

Learning trading by ourselves is quiet difficult since we might face a lot of confusion and with that we could do bad trades that's why mentors is helpful in this matter since by their help we can possibly minimize the losses then learn a lot of information on more quicker time span. People have bright mind beside them is so lucky since they would not face long hardship by trading crypto.

But we also need to be aware that there's lot of scams and we need to choose mentor which have pure intention to teach us and doesn't have any bad intention to take advantage on our innocent then steal something from us.

Yes, a mentor is not a must, but it will be very helpful for someone who is just learning about trading, because they will have a place to ask questions directly and they will gain knowledge which if they learn independently they might need more time to get that knowledge. Even without a mentor we can still learn, it's just that we have to be more patient because we have to open one page at a time with the limitations that we have. I am also sure that some here who can trade do not have a mentor, they only learn from the facilities that exist today, be it social media, books and others. However, with perseverance, they can become better traders even though at the beginning they have to struggle because this is a new world for them.

Yes, it could be a lot advantageous if you start trading with your trading mentor. It could even provide you trading knowledge and strategies that will help you succeed in trading. However, while others mostly succeed with the guidance of a mentor, others could be doing well in trading with self-autonomy learning. That is because everything in trading can be learned, even without the help of expert traders. It may take quite a longer time to learn on your own, but the fact that you are learning the hard way, then the higher the possibility your success will come into possibility.

I can somewhat agree with you that mentorship is essential in trading. Your mentors save you both money and time because if you learn things manually, it will take you time, and your chances of loss will increase, so there is a need for a mentor, nowadays mentors are doing more scams by showing money and showing rich lifestyle but the information provided to the learner is not too good just earned money by sailing courses.

So, while choosing the mentors, you should make careful and very wise decisions that will give you a better skill set and increase your information. To start, I advise learning skills from YouTube by searching different videos that gain knowledge about Crypto and its total fresh costs. I can learn a lot of knowledge from YouTube videos that clarify your concept about which mentor is correct and accurate and which is not accurate in trading.

Because your mentor can neither control your emotions and not save you from your losses, you should do your research so that you can make timely decisions and follow through on good mentorship decisions.  Your importance is your knowledge, so after linking any work, think about learning yourself and your skills, focus on yourself; how will you control your emotions? How will you take your profit and learn money management skills by watching different videos without paying any fees to mentor. How to do all these things is to learn, and I would like to do mentors who are doing a lot of scams. To gain your knowledge, especially from YouTube and Google.

Mentors are needed when you are just learning about trading. Of course, it is not mandatory to have a special mentor if you have an independent learning method through various media, but a mentor is always useful, especially for getting to know trading strategies in more detail.

Relying on a mentor long term is not a good idea at all. Even if you are able to pay them every month (for example, sharing a few percent), but you should be able to stand on your own feet. Mentors are basically needed when you need advice, but that doesn't mean you have to rely on their trading strategy forever. Being an independent trader is certainly better, in fact you should be ready to become a mentor for other beginner traders in a few years.