One of the things that changed my trading career was the Forex mentors I had at the start of my career. This also allowed me to learn from the greatest traders (folks who had been managing millions) and cut the learning curve to a few months, instead of years.
I read hundred of online trading reviews and I even bought several trading systems however they always performed poorly. This is when I decided that if I was going to get anywhere as a Currency trader I was going to have to take my financial destiny on my own hands.
Finding a Fx mentor who has the skills, knowledge, and expertise to explain to you how to become a successful trader is significant for success. I had a mentor during the initial 3 years of my trading career and I still have mentors in many other areas of my life. Having a mentor is the best and fastest way to get to be the trader you want to be and seize the profits you always desired.
In this article I will be teaching you 4 simple ways to evaluate any mentorship program or one on one Forex education on the web or offline.
Full-time Fx traders & market experts make the best mentors:
When you need to solve a problem you go to an expert. When you break a leg you go to a doctor, when you need legal counsel you go to a law office. It is exactly the same for Forex trading. Most full-time Forex traders do not care to coach others how to trade simply because they already achieved success and do not want to share it.
They are a few full-time currency traders and trading professionals who have the desire to really make a difference by changing other people’s lives and leading them to success. These are the kind of currency traders you want as your mentors. Nevertheless, these are the hardest to find because they generally do not want to teach others how they do what they do. My advice to you is to find a mentor who trades full-time and that has his personal trading strategies.
Find a mentor who has availability:
This sometimes might be hard to find. Most Forex mentors only take a few mentees every year. Because of this it is really hard to get in with the big boys and have them coach you on how to trade.
In my case, I learn from an institutional trader who did not even offer a mentorship program and the only reason why he mentored me was because we were great friends.
A mentorship program MUST offer you with a full time mentor:
I have seen quite a few online courses and trading systems that are named “Forex mentorship” or “Forex mentor” but the reality is that NO mentor is really coaching you. When you choose a mentorship program make sure you will actually get 1 on 1 coaching, not just a course and a set of videos.
It’s free to inquire and ask questions:
when you are choosing a mentorship program you need to ask questions, get an breakdown of the program, and learn about how the program is conducted and can help you succeed in the markets.
Taking action is extremely important:
It is true that having goals and aspirations is very important but without action your efforts will be useless. One of my favorite quotes is “There is nothing more common than a talented individual without success”.
Many people are really talented (and in my experience anyone who is trying to trade Foreign exchange is usually very intelligent) but they do not succeed as traders because they don’t take action when an opportunity knocks at their door. My advice is to take good opportunities when they come your way, don’t wait or the opportunity might be taken away from you by someone who took action on time.
People have mentors because is the easiest and best way to become successful on anything you are trying to achieve. Warren Buffet has Ben Graham as his mentor; Michael Jordan had Phil Jackson as his mentor. The most successful folks in our society identify the powerful edge they can get by having a mentor.
I hope that you now have a better idea of why is extremely important to have a Forex trading mentor and how to find the best mentorship program with the best online trading reviews.
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