Topic: The Importance of Having a Trading Mentor - page 5. (Read 1538 times)

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.

That's an important point in my opinion, even though we have a mentor, we must not lose the spirit of independent learning. They cannot be continuously fed by mentors, because one day they will definitely trade on their own and it is impossible to continue paying the mentor. If their mentor is someone they know or a friend, then if they don't want to learn independently, I think their friends will also get bored. Standing on your own two feet will be much better than continuing to rely on others. If we already have basic knowledge about trading, then that becomes our capital to be able to find the right strategy for ourselves. Just think, will we continue to depend on others or do we want to move more independently.

I guess I have to agree with this. although it is actually quite easy for us to learn independently about trading. because all the material is scattered on the internet. And even free analysis is available on various platforms because many people share it. But the problem is in learning from actual experience. And having a mentor is quite useful so that we can understand everything more quickly. I was originally a self-taught person. But then I took some trading classes and I found a mentor and I learned a little from him and it turned out to be much more effective. But then in the end it is up to us whether we will be able to manage our trades well or not. And the most difficult thing in my opinion in trading is emotional management. I am trying to learn to understand sentimentality in the market which is greatly influenced by the emotions and actions of traders. And I started to understand little by little what I needed to become a trader. But I'm not skilled enough at this point. But I'm still learning. And there are acquaintances who are patient enough to help me too. and he is now probably my only mentor that I trust enough.

Having a mentor shorten the learning curve because you learn from the experience of the mentor and avoid some mistakes that would have cost you money and time. The only problem with having a mentor is that people tend to be lazy, hoping to be spoon-fed. Trading is something one should take ownership of because it involves serious decision making with such decision made within a short interval of time. It takes conscious effort for a trader that uses a mentor to take responsibility for his decisions because if he fails, it is more convenient to blame the mentor.

In as much as this is right, finding a good mentor can also be the problem as most people don’t know much but still try to show off. We’ve discussed this before, the first thing a person need when going into trade is knowledge so having a mentor or teacher when you can always ask questions makes things easier and faster, it also boost the confidence of a newbie trader, Op is right but at some extend money is also needed to keep the process functioning.

Yes, the point is as I have previously said, my friend, that whatever the choice, the most important thing is that we must really have the intention, determination and strong sincerity to learn so that the money you use to pay for a mentor is not wasted, because I often see traders, especially beginners who are so enthusiastic at the beginning but in the end they are not serious about learning.
On the other hand, I also cannot exclude the importance of the role of a mentor, because for beginners, they usually do not know what the main things are that must be done or prepared, and with a mentor, they will direct all the best initial steps.

But yes, the problem is, as you said, it is not uncommon for us to see people who pretend to admit that they are mentors by publishing fake portfolios and it is possible for a beginner to easily believe all that, and to be honest, I have not thought about what solutions can be done to avoid this possibility, but maybe by searching for information on the internet about how to choose the right mentor, it can at least give you information about whether the mentor of your choice is a real mentor or not.

If we want to use a trading mentor it should not be an online one. I had a trading mentor when I was learning how to trade and up to this day, I still call him for some guidance when I need his help. A mentor is going to make the journey easy for you, you can learn trading on your own and do everything without the help of anyone but the time that it will consume for you to learn all those things on your own. If you had a trading mentor, everything will be easy for you and time is precious therefore anytime that you can save time for yourself do it and make use of your time very wisely. Online mentors might be using online tools to teach you and they might not know what they are doing but since you are not seeing them, you can not tell if you are being taught the right things or not.

Where ever you have the potency to earn a lot, you would also have that equivalent in losses too and that is, when you make the wrong moves.

Trading is that aspect of cryptocurrency that offers a lot within a short time if you know what you’re doing and it also offers its equivalent in losses too. Now, due to its high risk and the potential to earn so much from it, it becomes necessary that you have some formation process, either form the videos you expose yourself to watching online or have classes with someone.

It doesn’t mean you would be a success or wouldn’t encounter losses but, it helps you to avoid some of the losses that you might have been dealt and not having yo experience everything first hand.

Well, having a trading mentor is never a mandatory thing but it will really create a big difference when you are just learning to trade, unlike those who have no real trading mentors when they've started.

But did you also know that getting a trading mentor most especially if you have only known it online might be highly risky as well. Remember trading already involves a good sum of money, so if you try to disclose your trading amount and would let this mentor access your personal trades, that would mean giving him the chances to steal your funds. And since you are just starting to learn trading, you end up following him blindly.

It is really just that normal for us humans to have that kind of seeking when it comes to things on which it would really be that way more better or something that a better option to have.
Just like on what you had mentioned that there would really be that free options that we could choose from. As long you can be able to learn yourself on doing trading then this what matter the most.

If you are someone who doesnt have that sure way on how to have that learning then getting some mentor is not a bad idea. It is really just that on how you would be able to find a good one.
Be careful about into those fake mentors out there who do really that trying out to fake out their portfolio stats and showing it which they dont actually own it. You would be able to notice it out
but if you are newbie then further investigations couldnt really be that possible or something that will really be hard on this case.

I do agree into those comments above that it doesnt matter on which one you do like then as long you are able to learn on the most comfortable way that you could possibly
have then choose according into what you do like. You are the ones will really be the ones who choose up.

Yes, it is a tradition where I also admit that the majority of people will trust people who are actually involved in the world of trading and maybe that is the reason for them to prefer paid options even though there are actually free options with the same quality of information that they can choose. Although there are many free options that we can use as alternatives to take advantage of, I think it all still depends on each person's choice, and if they do have a mindset like the one you mentioned at the beginning of your first paragraph where they trust professionals more, then maybe the free option will not be an option, the point is whatever the choice is, make sure that you have a strong intention and determination to learn, don't let all the money you spend to pay for the mentor be useless because you are not serious about learning.

Such a person just can't develop, and his knowledge is only limited to basic knowledge.
After all, who is interested in beginners who only know the basics, but if he insists on becoming a mentor and provides the services of becoming a trading mentor,
then ask how his portfolio is and whether his achievements are good enough on some of the trades made.

There are many reliable sources, but also many more sources that just make up nonsense.
I also do it self-taught, but in some histories I also learned from my friends who are already experts and professionals and joined several Telegram groups that are free for the public, but discuss details about trading and technical and fundamental knowledge.

Can a mentor really increase your level of success without you going to do more learning on your own? I just doubt it. Even when a mentor accelerates how you can become and improve your learning process, you should know that they’re somethings he can’t teach you and you just have to learn it yourself like the emotional aspects of trading. I have seen lots of traders that are good and still made their students know that they’ve to learn the emotional aspect of trading by themselves and this is so true if they knew and not depend on the mentor to teach them 100% to be profitable. Even with the knowledge you’ve acquired at trading, you still need to be able to control your emotions not to get into the way because it will disrupt your ability at trading when it does.

Having a mentor is useful, but remember that the market does not follow their direction. So basically a mentor is just a bridge for you to understand the basics of trading, teach various types of methods, techniques, and so on. After all that you get, does your trading guarantee to remain profitable? Of course not. Because the method is just a choice and the final decision is in your own hands, therefore the trader's creativity determines it. Mentors are just your guides to the gate, they will not guide you to achieve success beyond what they have achieved.

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That is a valid point. There are certain cases where the knowledge provided by mentors is not easily available on the internet.
It's not bad pay money to get that kind of knowledge which is got from reali life experience.
But other than that in most cases, there's profound knowledge that can be achieved through the internet if done the right way.

Actually finding up a mentor would really be easy, it do really just that depending on whom you gonna choose because you cant really just that easily pick up on whom you would really be following. Of course you would really be that careful on making up some picking but since you are a noob or doesnt have an idea then making up such decision wont really be that simple since as we said that you dont have much idea. Just like on what everyone is really that saying on here that paying up something for learning something isnt really that worth. Why? Informations or things that been taught is really that can be found online and its free.

Therefore, if you are someone whose really that minding about on the expense that you would be using or spending then it will be always best on trying to look around first and make up some research.
If you do find yourself to be that resourceful or could be able to provide on what you should gonna learn up then it turns out that it wont really be necessary for you to pay up something for you to learn.
Just like on what everyone is really that telling that not all would really be basing up on theory on which there would really be those things needed or learning could be acquired through real experience.

If you find yourself to be having that kind of feeling on fastening up your learning phase on having a mentor then it will really be your choice and since its your money then it will really be that totally basing up
into your own preference but talking up practically and trying to save up money, then it would be better on being a self learn. The money that you would be spending on mentorship will really be just that worth
to be added into your trading capital on which i could say that it would really be that worth or something that you could make use. Just like on what have said that the rest of learning could really be
acquired through trading and you would be able to find yourself on having those learnings.

But is it easy to find a mentor or teacher in the trading? Where can we hire them or find a good trader to guide us? This sounds appealing because anyone starting out can achieve better results with a teacher or mentor to guide them. But the problem is where can we find truly dedicated people who are willing to help us in this scam-filled market? I believe everyone wants a guide when they are starting out but finding help is not as easy as we think and that is why most people learn everything on their own.

Not to mention, we all know trading is not easy and there are not many experts or many people who can make profit, do we trust them even if they want to guide us? Or will we doubt?

When someone is just starting to trade, it is very important for them to be able to have a mentor who supervises them in trading because with a mentor of course they will be able to provide direction when a beginner makes a mistake in trading because without anyone supervising them when trading, of course they are likely to make the wrong decision in the trade they make.

When someone trades just by following the trend and they do not have good knowledge about trading, it will be very risky for them and they can easily lose their money on that trade. If you think a mentor does not teach you the right way to trade, then it would be better for you to find another mentor to be able to teach you about the right way to trade so that you do not make mistakes when trading.

That's right, a mentor is something that crypto traders need by providing guidance that shows the direction to avoid periodic losses. For beginners, it is even more necessary to learn a lot of things related to the risks that will be faced when trading crypto. Many people who are beginners get into trading and just follow trends without thinking long about the circumstances and risks. Mentors are also not always right in teaching us to trade, at least mentors have helped beginners how to take the right time in trading and essentially be patient in waiting when trading.

Being a professional trader doesn't guarantee to be a good mentor. There are too many professional traders who get difficulty when they need to teach beginners. I think beginners should prefer to choose "good mentor". IMO, to be a good mentor, someone needs to be experienced enough in trading and able to prove his ability. This means only a professional trader who deserves to be a mentor.

If someone still can't master trading, he doesn't deserve to be a mentor. Even someone has been in trading for many years, it doesn't guarantee he deserves to be a mentor. I have some friends who traded in crypto for few years but they never improved their knowledge. This kind of traders shouldn't be mentors for newbies.

I am a part of this kind of traders. 
I've no mentor, I am self-taught. Yep, we have many articles and video that provide trading knowledge.
However, we must ensure that we learn from trusted sources.