Jun 5, 2020 By : Athul Rajeev, Venteskraft.
DO WE NEED A TRADING MENTOR
Yes, we need a mentor. All our trading mentors appreciate their experience with their teachers or mentors that have led them to a successful career in mentoring. You can
learn the mechanics of trading from books, videos, and even BLOGS. However, it is only a trading mentor who can teach you the human side of trading. This involves helping you to develop patience, persistence, and correct knowledge required for successful trading experience. Markets are extremely volatile.
And, there will be days when you might lose a significant amount of your investments in rather a short period of time. Those are the days, when you need a mentor. Who would guide you through irrational thoughts like: Fear, Uncertainty, and Doubt (FUD) associated with trading. He would help allay your fears, overcome uncertainty, and diminish any doubts that you might have about the markets.
For a beginner
To waddle through complexities of markets, one certainly needs an experienced trader. To help him through irrational exuberance associated with quick success, or immense disappointments associated with losses. We strongly advise you to interview a potential mentor, and possibly spend a couple of hours with him to gauge his mentoring expertise and trading knowledge.
They bring certain level of professionalism to their trade mentoring practices. This includes gaining capital market knowledge, understanding Global economics, and having a grasp of underlying principles that control currency pair price action at a given moment. We also believe in the power of technical analysis, and logical valuation of the given FOREX currency pair. Our mentors are prudent and patient traders and often devise only the strategies with high probability for success. Thus, they are good risk managers.
If you think that you are ready for once in a life time opportunity to learn online trading from successful traders or mentors. Then you can be successful trader.