Topic: What Reward for a Trading Mentor - page 6. (Read 794 times)

Honestly you wont really be needing one considering that those mentors are speculators too on which dont think that they are really that better since they do have that called title "mentor" but this is something that wont really be that you could trust yourself on hovering yourself into this field of trading. Dont make yourself that believe that they are surely profitable.Also if you are really that serious on stepping up your game or skills
then making yourself learn on solo way and also there are groups which are totally free on which you could really be able to snip out some trading ideas on which it would really be that something ideal or would really be that helpful on your part or with your progress. It all matters with the effort and the time that you would really be that spending because if you arent really that serious or really that determined then you wont really be seeing yourself to progress in your trading career. Be careful yourself into those gurus and professional out there specially on asking out some VIP subscription on which those things is never been worth. Things could really be learnt up if you are really just that serious on stepping up your game then it is really just that right that you would really be making out adjustments but if you do sit idle and wont really be doing any effort and time spending
then you would really be definitely be ending up on a disaster.

Wait a second! Are you asking how much you should reward your mentorship even before you have one? I mean, dear, you really did a great job by practicing demo trading before going into real trading, but I don't think it's right or worth giving thought to this topic and spending time on it. Because once you find a good mentor, which is in itself a hard job, you should be asking what mentor you should follow.

Well, I was saying once you find a good mentor, then you will have to pay a fee, like a mentor fee, which varies for every teacher. One thing I would like to add here is that not every teacher will be your mentor, so everyone will charge you a fee.

For your convenience, you can reward your mentor on the basis of profits that he might have helped you earn. Because otherwise, why would you want to reward him? But what I think from your last line is that you are asking how much you should pay to the mentor, so that you could get an idea; if that's the case, then dear, you should not write a reward, and each teacher has their own rates; all you have to do is find a good one. Rates do not matter in this field.

A trading mentor always needs mental well-being as a trading meter needs mental well-being. For this mental well-being, traveling to different places and various recreational activities become a must for one, and at the end of the day rest and other things must be well maintained. Although we are talking about rewards here, the most important thing here is mental well-being and recreational activities to keep a person mentally healthy and smiling all the time. Keeping a trading mentor's mind right can be done through entertainment and activities.

I think it will depend on the mentor that you will get because some people would help you and mentor you for free and you could probably just treat him/her to a dinner or something. If that's going to be a continuous thing, maybe you can then pay them like a subscription. I think what you can do first is just find a potential mentor and contact him. In that way, you have that capacity to really go with the flow and have that trading journey that you will prepare for.

I don't know whether this topic is important enough to discuss or not, however, the reward you want to give to your potential mentor must be a matter of sincerity and also your ability, just like when someone you care about has a birthday, you will definitely try hard to give a gift. It's best for them, right? So when you have found a mentor who makes you understand about trading, you must give him a nice gift as an expression of your gratitude to him, hopefully you will soon find the right person who is truly a professional trading mentor..

It is very rare to find this type of mentor. Many offline and online trading classes charge a fee per session.
Mentors as you say apply to people we know intimately, such as friends or someone in our home environment. And he is really skilled and has a lot of money, I'm sure they will be more proud if their students succeed.
In contrast to paid mentors, they focus more on the material they are going to teach, tend not to be thorough because they also have an obligation to mentor other people who pay them.
However, other people's methods are different, some like to look for paid or unpaid mentors, and there are also those who like to learn on their own through collecting material information independently.

If a mentor really sincerely wants to teach you trading knowledge, he does not expect any reward from you. Seeing you succeed in mastering trading knowledge is enough for him. He will be happy if you can be successful in trading and he doesn't need anything else.

Seeing someone be successful after learning a lot about trading is a matter of pride for the teacher. He considers that what he teaches can help improve his students' abilities. However, mentors like this are very rare to find because most mentors require a subscription fee so that we can gain their knowledge.

I don't like it if we have to pay a subscription fee to learn. I would rather spend my time learning from free sources available on the internet.

with the situation these days, very few people care about what you are doing, unless, they can get something out of it. this is why it is quite difficult to find a sincere mentor who will guide you in every step of the way. much better if you don't look for strangers but person who is closed to you who knows the market. because this person, won't force you to give certain percentage of profits. he will be more than happy to succeed your path in trading more than anything else. it means, he did something right for you.

Great you have identified your shortfalls, time to grab the the bull by its horns and sharp your trading skills, good luck.

Best reward a student can give their mentor is them proving to themselves that they have the full understanding of the mentors strategy and ready to go out their on their own to milk the markets.

And why think of rewarding a mentor when I believe that their services are hardly free, and they get their joy from these subscriptions.

Forget about the rewards, just enroll yourself for a trading class and in no time you will be a pro (with practice of course)

That is why I told him you should search online class online websites then you will be able how to do best trade in just a short duration

Nice idea, to be a mentor means you've both experienced the good and bad sode of trading and have enough things to write about on your live experience as well trading, let me say that being a mentor may require a little more efforts from you, because you have to create a past experience portfolio for your trading and how you best fit in for the mentorship position, you can make little aware on that, but you also have to define the kind of mentorship you're going into, is it a free one or paid service mentorship.


If you needed a mentor there's nothing bad in that, but you also have to create time to make some little research and efforts in learning some additional knowledge about trading, because you may not be told about everything and the once you discover by yourself will also be an added advantage.

Their reward as a fixed amount may mean that they are not diligent in the advice you give them. Therefore, giving them a percentage of the profits would be good if your trading is in large amounts. For example, if we say 2% for 3 traders, it is 6%. If your investment is $100, then it is better to give them a fixed amount, otherwise give them A percentage of profits would be the best.
It is difficult to find people with good knowledge and excellent price analysis, so unless you truly believe in these ideas, I think they are a waste of money, or at least an attempt to silence your feelings of fear and anxiety by claiming that there are better people you can trust.

Life is about believe and determination. If someone is patient and reading to understand about trading, he will sooner or later know what that are necessary to be known in trading online because all necessary information are online. Like I said, the most important thing in trading is the strategies used, like not risking the amount of money that you can not afford to lose to trade, not using leverage, overcoming emotion, having a trading budget and do not go beyond it, averaging and some others. But he has preferred to go for a mentor which I do not also think that it is bad either.

Professional mentors usually also indicate their rates up front. If not, you can ask for those details. There are also people who are willing to be mentors and don't expect direct monetary rewards, but you need to be their donwline on the trading platform for their long-term passive income. It all depends on where you get a mentor from.


Some people may need a mentor because they can't grasp the theoretical lessons online well enough. What they need is an interactive teacher, mentor who also functions as an instant corrector. Getting a mentor usually shortens class time.

I did not get myself a mentor and I know a lot about trading today. I do not think a mentor is necessary if someone is able to read about trading. The most important part is the strategies and how to manage your risk, followed by indicators to be used. All these are available freely online. In trading, self knowledge and experience is needed to become a better trader.

The best mentor is online class of trading.even you search a good mentor when there is fud in the market the mentor analysis will broke.because everything thing In crypto is according to bitcoin.better you take classes of bitcoin then you can learn more about crypto.and one more thing is this crypto is very big field you can't learn only from mentor you will read more websites of coins specially bitcoin etherium

If you are looking for a mentor, you may look for like three good traders that can mentor you. To talk about the price, the mentors will be the ones that will tell you that this is the amount of money that they want to collect. They will tell you separately because you are engaging in conversation with them separately at different time in different location. You can then price it to see what would happen. Go for only one mentior with a better price.

I have a fair knowledge about Bitcoin and cryptocurrency. I can hold down a good conversation in it however when it comes to trading, I have come to the point where I need to up my game. After using a mock trading app for some time, I stopped and tried the live environment. I lost money. Since then I have done some trading again. I feel I need to get back in the game. Right now I am coming in with a different strategy which is a mentor. Yes, I need a mentor in this renewed trading journey who would teach me the practical aspect of it. Because any of us can easily quote the theoretical knowledge of trading.
What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?

If you guys can give me some ideas, it will help me to take charge of the conversation when I meet with the potential mentor.

Thanks.