Topic: What Reward for a Trading Mentor - page 5. (Read 795 times)

A person having good trading capabilities and a great knowledge of trading and trading analyzation of a person is good then we can say they should be made as an mentor and you can learn from him many things in your trading Journey. But as the person who has more knowledge, who has more abilities to do some good trading skills then the person will take more money from you and you have to give him because he will teach you also some extra skills.
Also, another option is free trading courses that will help you a lot without any investment of your money. Also, that will teach you online at your home without going anywhere.

This shouldn't be the reward a mentor should expect from his subjects, what example then is he giving when he's making demands on his follower or they are already paying him back, what they should be after is the replication of their self in this their subject, whereby their mantle will be passed to them and they will do exploit, the mentor will also be happy in seing a well performance from those learning from them, which is joy enough than receiving food or material items from them, it will implies a payback of what they are learning from their mentors if they keep giving them back in rewards.

Nothing is a fit for all in every situation. Whatever decision you want to take as reward system for your prospective mentor will depend on the mentor. If someone is going to mentor you for free, the best thing you can do for them is pay attention to what they're teaching you. No mentor likes a student who doesn't pay attention to what they're taught. The simple reason being that mentors like guarding their mentees through slippery slopes and wouldn't want to be constantly distracted by the mentees penchant for lack of attention so much that they will constantly have to revert to what they've taught before. However, if you're getting a paid mentorship; the pay is their reward. Pay them and still pay attention for you own good because once the payment is made, most paid mentors don't give a hoot if you're learning or not.

Why not avail those free trading courses online? there are so many of it available since you don't need to pay mentor with that since it just save you some money and reading the articles offered by those free courses is much more helpful to you. There are so many scammers online and might they will take advantage on you especially when you are posting or stating your want to have some people like this. But to be honest we don't really need this since we just need to exert more efforts on researching since for sure we can learn how to trade. If you are worried that you can't learn by doing this since you feel bored reading any articles that can help you then think about that if trading is really for you. Since if you are eager to learn trading then you will do anything just to make you knowledgeable about trading crypto.

What is the difference between Trading Mentor and crypto signals? They both indicate one thing, which is that there is an experienced person and you are trying to imitate him, or in other words, copy trading may imitate the details of this person’s movements or you may modify his plan, but it affects him.
If you find a person like this, you will not be sure that his trading will achieve profits, so it is better to learn and benefit from the experiences of traders instead of imitating them or making them trade for you. There are other ways, such as investing in trading funds, where you get profits in a similar way.

If you often spend time with your mentor, you can buy him food or drinks and eat and drink them together. This will create a better relationship between you and your mentor. But first of all, a thank you for helping you understand the trading lessons he gave. As for the prize, it depends on you. Maybe he doesn't need any gifts from you and sees you can master what he teaches well.

Is that a paid mentor or not?, because if its a paid mentor you don't need to give them anymore it is enough to get paid with them, but if those free courses they give to you to learn more i guess having a small gift is enough or if they are not materialistic seems like giving them a good number of profits with the use of the knowledge youve got to them is enough, we don't need to get exaggerated all of the things make it simple is enough.

Even though Napoli's performance is not consistent at the moment, I think they are still much better than Union Berlin and Braga, so there is no doubt in my opinion that the 2 teams that qualify from this group are Real Madrid and Napoli.
Group C is relatively easy for Real Madrid and Napoli because Berlin and Braga have a difference in quality that is far below them.

And in my opinion, in the UCL group phase this season, Group F is the fiercest and up to now the four teams still have a chance to qualify from the group and even now it is still very difficult to predict who will be able to qualify, because these four teams have equal quality.
However, I consider it just as a thank you, without any connection or obligation that I have to do.
Remember that in trading we need friends/community to be able to increase our knowledge, because for me it is very ineffective if we trade alone without anyone to discuss with.

I notice that when you learn to trade and you decide to start with a demo account, you might be winning, but if you decide to switch to your main account immediately, you will start losing. I don't really know the cause, but I have seen multiple people who have experienced similar things. You losing in trading does not mean you should give up completely, just try and work on your strategy. When you get a perfect strategy, your profit will be more than your loss.

Getting a professional trader to guide you is a good idea, but when getting a mentor, make sure you're careful so that you won't end up choosing the wrong person. There are so many people claiming to be professional traders, but most of them know nothing about trading, they're pretending to be professionals.

The question is left for you to answer, no one can assist you in answering the question you are asking, it's for you and your mentor to come to an agreement. Some people might just decide to teach you for free, why will some people ask for payment before they will be able to guide you? So if your mentor requests for money, then the two of you can bargain and come to an agreement, and if he wants to teach you for free, then you can think about what you can reward him with, which will be money, you should know the amount you can give him.

Don't depend on your mentor alone, always try to do more research on your own. The forum is open, and you can ask any question you need.

Even when we do more of trading class sometimes I think one might still need some physical coaching from those who are experienced so that we can have a one on one question and answer section, most of the time trading practice through demo account can be little deceiving as their is always a higher chance of the person trading with such account winning trade that’s how I believe those memo account as been designed to do.

I get involve in trading ones in a while but I lose sometimes and I win trade some times too I don’t pay much of attention to it because u know I have more to learn before I can go into trading fully and I can’t waste resource and money on what I don’t know how to do most. But one thing about trading is that if one brings up his mind to learn it he will definitely learn something each and everyday.

In this case, you need to ask the mentor you find directly. Sometimes some people want to be paid monthly for meetings several times a week. Maybe there are several other mentors who take advantage of a few percent of the profits you get. However, it is quite difficult to find a professional mentor in trading. Many people claim that, but basically they are also looking for additional income from it. A professional mentor will probably provide evidence that they are really good at this, or maybe people already know him or her well at it.

Payment to the mentor per session/per hour, and a share of about 30% of trading profits from the mentorship. That would ensure that the mentor is not wasting his time, AND the 30% share in trading profits would ensure that the mentor has a "bet" on you to trade successfully.

But it's hard to find a trustworthy and profitable mentor, especially during a bear market. Probably many "profitable cryptocurrency traders" during 2020 to 2021 are not trading today, and have become mentors to earn some money. Perhaps it's better to wait for the bull market?

Hard to drop some figures on how much legit mentors ask since maybe they have different figures set and asked to those people who want to learn from them then maybe try to seek for a person who offer the said service then try to negotiate with him regarding to the figures he ask. But try to make it face to face teaching and seek for trading mentor that can go to your place or you can go to him to avoid getting scam. Although it will be good to self study and slowly learn the process but if you can able to pay those mentors to make the learnings come fast then be it. The only thing you need to be careful here is those scammers trying to pretend that they are a good mentor so that you will not waste your money for those sick guys.

Maybe what is more appropriate is fees, and usually this is discussed at the beginning before starting mentoring unless the mentor is the closest person in your community and he doesn't charge fees, so if he doesn't charge fees it shouldn't be a problem no matter how much you give, although of course it should be a gift that can please him or you can give it when you have progressed in your trading or when you have been able to make quite a lot of money and you can leave a few percent for the mentor's gift that has made your trading progress well.

finding a mentor may be difficult, and genuineness in information sharing is essential. While paid mentorship is an option, genuineness and a genuine desire to help others achieve should always take precedence. When it comes to thanking a mentor, consider their preferences as well as your circumstances. Financial reward, meaningful presents, discussing your triumphs, or giving assistance with your talents or services are all options. The frequency with which you express gratitude should be addressed with your mentor and might vary depending on their preferences and the nature of your connection. Maintaining open communication and scheduling regular check-ins to review your progress can assist to improve the mentor-mentee relationship.

having a mentor always helps, finding one is a challenge, after all some people might just don't like sharing knowledge.
there are not many people that willing to teach sometime without getting paid, so seeking paid mentor is one way to get a mentor but really sometime i doubt the authenticity of knowledge because the mentor motivated heavily by money, they might try to misled you but certainly there are some mentor that did their obligation that is, giving sufficient knowledge in exchange of money.
but overall if you can find good mentor that can lead you in trading, there will help you reduce tremendous amount of loss, basically preventing you from doing the same mistake that they did.

A performance fee is pretty standard in the realm of trading, so you can cut a deal with a mentor where you offer a percentage from your net profits.

Best to find someone who will not charge you any up front or fixed fees, to create alignment of interest such that he only makes money if you also make money...

You need to be extremely lucky to get a mentor who is well known in this sector. Usually if someone is making enough money from trading he doesn't bother to take on such responsibility. But this is not always true and there are generous people who want to share their experiences with others. There is no way to determine the actual reward for a trading mention as a genuine person usually doesn't want to be a mentor. If you find one then give him a reasonable price and be grateful.

It depends on whose mentor you use, whether it's your friend, an online mentor, or an experienced professional mentor.
Don't be too bothered to give a reward if it's your friend. Make sure first whether you can develop well when using a trading mentor.

Actually what you need is not only a mentor, but an experience in trading and you must also understand every aspect of trading such as technical analysis and fundamentals.
It will form your confidence in trading and form a trading psychology.

The mentor is just a guide who gives warnings when you trade.
If you do succeed by following the mentor's instructions, then that is progress.

Many rewards can be given, but when the mentor is paid then you just need to exceed the payment.

I wonder if it is a mentor you need or a teacher. A mentor might only agree to this title if one already has a knowledge in the field, but placing a price tag on the amount of help you would get is more or less a bargain between a teacher and a student, not a mentor and mentee.

If it is from your heart, once you start earning, consider a percentage of what you earn as his for probably a duration between 3-6months, that's if the mentor really brushed you up and you can confidently mentor someone else. Otherwise gratitude in any other form if the mentor is in physical proximity will do just fine, like a free dinner or free lunch.
I don't think a mentor would sit all day and give you attention everytime, but if such a one can be a guide, then that's a true mentor.