He has a monthly readership of , traders and has taught over 20, students. So, how can you be sure which Forex mentors are phonies and which are genuine? Also, what are some of the important characteristics to look for in a quality Forex mentor and how do you know if you can trust them? What should you be learning from your Forex trading mentor, and do you even know what you are looking for? This article will answer these questions and hopefully provide you with some solid insight into what you should be looking for in a Forex trading mentor so that you can make the best decision as you learn to trade Forex.
The first step in finding and committing to a Forex trading mentor is finding one that is not just another internet salesman, but who is actually a genuine and professional Forex mentor AND trader.
You really need the perfect pairing of mentor qualities and professional trading abilities in order to learn to trade forex effectively and efficiently. Many people on the internet claim to be great Forex educators or Forex trading mentors, but in reality they are only doing what they do because they are failed traders.
All you can do is make your judgment on this matter based on the information they provide about themselves on the internet, through email, or over the phone. If you can find very little evidence that the person you are considering learning from actually trades successfully themselves, then it is time to move on and keep looking.
Do you feel like they are just trying to sell you something and take your money or that they are actually concerned that people learn the concepts they are teaching correctly? Intentions can be hard to gauge for even the most genuine Forex trading mentors simply because there will usually be a fee charged for their services.
A good indicator that they are truly genuine however is whether or not they answer your email inquiries or provide any form of customer support regarding the Forex education or forex course they are offering. This means that they remind you that successful forex trading is hard work and is not for impatient or undisciplined people. Finally, what should you be learning from your Forex trading mentor, and do you even know what you are looking for?
You need to take into consideration such factors as your own personal time constraints, whether you want to be a day-trader or position trader, your learning style, and other factors before you commit to the Forex trading strategy being taught by the mentor you are considering. It goes without saying that you want to learn a truly effective Forex trading strategy from the forex trading mentor you decide to work with.
However, many beginning traders erroneously assume that an effective trading strategy is one that makes use of lagging indicators or fancy sounding trading software. You need a Forex trading mentor to teach you how to fish for yourself and how to develop your own perspective on Forex market price dynamics, such a perspective will not fade over time or become ineffective.
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No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you.
You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice.
We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. Find a REAL Forex trading mentor… The first step in finding and committing to a Forex trading mentor is finding one that is not just another internet salesman, but who is actually a genuine and professional Forex mentor AND trader.
What should you learn from your Forex trading mentor…? Checkout Nial's Professional Forex Course here. Dabbyson Zimba August 11, at 8: Hello there, It my hope that this comment will get to reach you.
Well, to get straight to it, I really would like to have a mentor in forex trading. Do get to give me feedback. Leave a Comment Cancel reply Your email address will not be published. Recent Popular Comments Nial Fuller. Price Action Trading Patterns: Very helpful Coach, many thanks Great article and lesson from the great mind of Ni Sure to put this 'creed' in to my trading style im Nice lesson very helpfull for newer just like me This is just fantastic coach.More...