Topic: What Reward for a Trading Mentor (Read 801 times)

Indeed, not all trading signals are bad and of course they are paid, therefore many providers of this service are competing to have a good track record so that they will have many followers, but this is indeed necessary for beginner traders to find their identity in facing the market, and Of course, don't continue to use it, use personal experience to deal with the market, and of course during learning you will go through many processes

I am not going to deny that is the best path to take, however finding such a person is the real challenge, many of those that advertise their services online are scammers and we know it, then it will be a mistake to waste our time and our limited capital on them, but if that is the case then where to find them? And unless you know someone already that knows how to trade and that is wiling to teach you then most likely you will have to learn how to trade on your own.

I agree with you, if we want to learn trading then we have to choose those who have a lot of experience in the field of trading that we want to learn and also they can provide real evidence that we can see from a mentor who wants to take trading knowledge from that mentor.
Yes, you are right, it would be better for us to have basic knowledge about trading that we will learn so that it is easier to understand when going through the learning process with the trading mentor.

although I don't like learning from people I don't know, especially if it has to do with my finances. but maybe someone who wants to learn to trade online can look for them through the trading signal group. I know that most of them are people who want to gain benefits for themselves. But if you find a trading group worth joining, it might also be good for those who are beginners who want to learn trading.
If the signal looks accurate, maybe it can persuade the admin to open a class in trading analysis. not just sharing signals. but a way to share good trading methods.

That's the truth because they don't need excessive appreciation when they have received payment according to the agreement. The most we can do is promote his trading to other people, that he really has good skills in teaching trading, so that many other people will learn from him. A reliable trading mentor will make money from many things related to trading and he will receive much more for his profits.

Promoting the trading services he has will be a form of respect for the knowledge he provides us. If we can do that, it will be much better and will have a big impact on the mentor. Everyone certainly has their own way of honoring the good deeds taught to us by others and touching on the development of their services in the best way may be much more important.

Currently there is almost no free trading knowledge that we can get for free and even if there is, it might be because they are close friends or it could also be because they are not reliable mentors in trading. If they are a reliable mentor, they will definitely not want to waste their time teaching other people for free. However, if we want to give appreciation for the knowledge they have provided, we need to see what they need because if we know their needs it will be easier to give them gifts.

Before you think of picking a mentor, you should first have standards of what you expect of the mentor. Not everyone who claims to make millions off trading can make a good mentor. And not every asking to teach you for a little fee can make a good mentor too. You must be able to vet the mentor on different aspects - for example, trading experience, coaching experience, what their past students or mentees have to say, study what they put out online, that way with the little you already know about trading, you can then use to tell if the person is going to be a great fit for you or not. Do it with more than 3 prospective mentors and make your final selection from the best.

Appreciation can be done by doing many things and I think showing respect to a mentor is enough. But if we want to do something more than that, maybe one of the things I would do is to give a gift to his family. If a mentor already has a child, it's great to give the child a gift. Even though it's not much, it's a form of appreciation for the mentor through their child.
What I see from my experience when I have a mentor, they will be very happy when we as "students" give more attention to their family, one of which is their child.

Because for me when someone gives us knowledge guidance, there is nothing more valuable than the knowledge they give, including knowledge in trading.

Mostly there will be a prior agreement and if the mentor is willing to teach voluntarily, I think there should also be appropriate compensation when in the future we have absorbed a lot of knowledge from him, and it all comes back to our conscience.
In fact, all knowledge cannot be measured with money, but there are other things we can do to repay kindness to the people who have taught us.

However, there are also those who don't. I once found a mentor who taught many people without any reward, but he got more than he should.
That is proof and the result of sincerity which is rewarded in a more beautiful way.

And personally, I also don't like a mentor who teaches because he only thinks about money, because we can't teach everyone and then succeed.

In my opinion there are two ways to pay a possible mentor that is going to help you with trading. It's either going to be a fixed flat fee that you agree upon before the mentorship starts and that you would likely pay in instalments over time as long as the mentor helps you. Or a second approach would be to give him a percentage from your first trading profit. It comes down to how much time and effort the mentor invests in you. For example, if you meet in person a few times per week and have long conversations where you discuss possible trading strategies in detail than letting him participate on your profits sounds fair to me. Especially when the trading strategies are being developed together with a lot of input from the mentor, than giving him a percentage of your return would be a nice incentive. A 10-20% profit participation gives a good incentive for the mentor to develop the best possible strategy together. Whereas with a flat fee there is not such a high incentive for the mentor to get you the highest possible return. You could also combine the two payment models, agree to a smaller flat fee being paid per month and give him a bonus at the end if your trading have been profitable and successful.

Yes, payments are more than enough for the service that they offer. If there are legitimate trading mentors and you've been able to take all of their teachings then all up to you.

Can be additional payment, a token of appreciation like mugs, cap, etc.

Those simple things will be appreciated by them. Because a real mentor makes a lot of money from trading itself and they can buy everything unless they're just plain mentors that do not trade at all.

Majority of mentors are really that requiring some payment for the effort of teaching into those people whom do really want to learn up trading but we know that there might be someone who are really just that basically
be happy on the time that they are seeing that their students is really that making some progress.They wont really be caring about having those fees specially to those who are offering some free mentorship on which we could really be able to see that they are really that having that passion on teaching up someone but it is really that not common or something rare which we know that mentorship would always come at a price.
Why? they cant really just waste up their time on telling you everything or guide you without getting or gaining something. Every effort and time or things you do share will really be having a corresponding value.

As an individual who are really just that recently trying to learn trading then it isnt bad to have a mentor but for me it isnt really worth if you are paying up something for you to learn.
Just like on what most people been saying on here is that you could really be able to learn on your own without needing to pay something because every information that you would gonna need
is already here online or its a matter of effort on making up some searches and the rest of learning would really be obtained through real experience.

Our success will put them/mentors in an inner state of satisfaction where after they have given us knowledge about trading, it can be applied correctly. A teacher will definitely be happy to see his students succeed and be able to develop their potential after being taught by him. But in the case of trading, very few mentors are willing to pursue people for free because trading involves a much greater level of risk and they will definitely provide paid classes if they intend to teach people to learn trading.

There are many best gifts that can be given to mentors because they have great services in teaching us. Generally, trading mentors don't expect anything other than the payment they set when we want to learn trading, but as a form of gratitude even though we pay them there are times when we give something more which will make our relationship with them stronger.

Aside from paying all his efforts through money, I think the best reward you can give to your mentor is by seeing yourself creating improvement in your trading career. Remember that a part of you is credited from him, and your success is also his success. So whatever that made you who you are after his mentoring, it will be an honor for him seeing you have learned a lot and is now applying all your knowledge into trading.

Money is actually the main reason why mentors accept newbies for mentoring. But we should also know that if we are grateful for what they have done to us, we can always chose to give them more as long as its given through goodwill.

Believe it or not, the reward that mentors expect is money because they don't teach you for free and usually professional mentors will provide classes at different rates. If you study with a mentor who doesn't expect money, I think his trading ability needs to be doubted and maybe he doesn't have good trading skills. Even if there is a mentor like the one you described, it is likely that he will only teach ordinary trading and will not be much better in terms of the technical side of what they teach. So far I have not found a single mentor who is willing to teach trading for free, except when discussing on this forum with several people who have good knowledge about trading.

You have to know beforehand, is the mentor teaching you voluntarily or is there something else he wants to get from you as a token of service? Of course, in this case you understand the mentor's side much better because usually people will be seen when we start to go deeper into their lives.

You are the ones who would really be finding it whether it would really be that worth for you to follow or not basing up into your observation on which it would really be that depending whether you are really that benefiting or not because we know that there are sometimes things which would really be that relevant on the time that you are really that engaging into it. Speaking about trading then it would really be that totally
depending on how you would be finding yourself to be able to learnt up on your own method, if you do find that you would really be needing some sort of mentor then its your choice.
The only thing that you should be having in mind that you wont really be needing to pay up big just for the sake of learning.

You could be able to learn up things on your own if you are really just that putting up that effort and time for you to be able to learn up the things even on just the basics.
Rest of learnings could really be acquired or done via real dealing or experience.

Indeed it is hard, most especially for a newbie with a limited knowledge in trading but I think another way to tell aside from the stats and others feed back is by the result that we can get after following their lessons and given strategies and signals. If it is a positive one and we are mostly profiting then we can be sure that we are on the right person already. They can be 100 percent legit.

There are also some who only works great at our early tries but later on not anymore. We must be careful with this one, as they are only doing that for us to make a subscription to them and to their offered groups. We see that finding a good mentor still requires some effort, but why can we just use that instead on learning on our own, right? Not only that it was free, we can also lose less money because we are more sure about our own ability.

knowledge is very important when you want to start crypto it is very important, one thing people fail to understand is that you can not make a profit in what you don't know, but once you knowledgeable then success is already archived and you might not start making a profit when you start but with time and a few lose but with time your profit is guaranteed when you say trading and gambling are similar that is true especially when you doing features, that aspect of crypto has cost a lot of people and the same time has profited a lot too but is not advised to do futures when you don't have its knowledge. and once anyone is having difficulty in learning you can attach your self to experienced traders to make everything very much easy for you. and after your analysis, you can even consult your mentor and ask for more suggestions from him.

Trading in crypto must have fair knowledge, otherwise it will never be possible to make a profit. When it comes to trading, we know that well-informed and experienced people can profit here. I have traded few times before and lost my money most of the time lost not winning. Trading is basically like gambling where people often end up losing when it comes to earning. That is why trading is not possible for everyone but trading is for those people who have enough knowledge and skills about the market. While trading, a trader always needs to adopt various strategies that can analyze and analyze the market well. And to take the advice of an experienced investor, the position that the adviser advises to invest in should be followed. It is possible to profit from trading when the advisor teaches well about trading then starting that trade, when experience is gained.

How you would really be that able to determine if you are dealing with the right or professional trader? There's no way that you could be able to determine that yet stats could be faked
and they would really be normally showing off only their profitable trades and hiding their losing ones. This is why you should really be careful on choosing one if you dont really like to experience
out such conditions. There are really moments on which you've been thinking that having a mentor would really be something that could fasten up your learning process but we know that
it would really be something that needs up for you to pay something for that.

You could eventually be able to learn up trading without any mentors on your own. Every information you do really need is really that available online.
It is really just that a matter of effort and time engaging on your part. If you dont just let yourself that being too lazy then you could
actually do it.

The challenge if you hire a mentor is that you are not sure if what you get is actually a legit and a professional mentor. You know its easy to claim that you know trading well and that you are making good profits from it, but in reality you are just like any other traders that keep on losing the market. That is the reason why we don't need to trust those trading mentors easily especially if they require higher fees. We need to check their background first if they have been really into trading for several years.

And if you're lucky to have been mentored by a professional trader, then make sure that what you learned are the ones you applied in real trading. Because its undeniable that when we get to trade at live trading, we easily forget what we have learned and just focus on trading using what we think could work in our trades. That is why constant practice and experience in trading is crucial because that's the only way we can improve our trading skills and strategies.