The Importance of Having a Trading Mentor

[laubeaud]

If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.

[_act_]

While looking for a trading mentor, it is better you are careful because many people just want to be a mentor and not that they are actually making money from trading. The money they make is from people that are paying them or through other means.

Also trading is too much risky.

If someone has money, he can use it to advertise himself as a mentor but not actually making money from trading.

[milewilda]

If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.

Totally depends on a certain indvidual since not all would really be having that kind of mindset when learning up things on which there would really be those people who do really want to self learn and there are ones who do really want to have a mentor. It would really be just that depending on someones preference because myself is considered to be self learn when it comes to trading
on which everything that i do really learn up do came from online when it comes to information and the rest of learning would be acquired through experience.

[joniboini]

What do you mean by mentor in this case? Someone who can give you feedback on a one-to-one basis or something else? What about you OP, do you hire them too? How can you judge whether the price they offer is worth the cost compared to doing trial and error regularly?

Personally, I never heard anyone hiring a paid mentor in my circle. If they want to hear feedbacks, they will post it on a forum like this one and ask for comments. Obviously you'll have to judge whether their comments are useful or not, but it can be another way to learn/practive your analytical skill.

[jeraldskie11]

If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.

Yeah, so true. When I was new in trading I didn't join mentorship because for me it's a waste money. So I decided to go on youtube and find a video related to technical analysis or trading strategy that I think could help me to be profitable in trading. But instead of learning the right information, it lead me to a confusion that's why when I enter trading I experienced loses. So now, when joined mentorship I realized my mistakes before, I learned that true waste of money is when you trade without enough trading knowledge.

[Sim_card]

If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.

A mentor is good when you know the person and he is successful with trading or he is making profit from trading. You can meet him to teach you and you learn gradually from him. However, if it is someone you don't know how can you trust the person that what he is saying is true. Some people are lucky to have a trusted person who is good at trading that is reading to them amd teaching them but such kind of real traders are rare to get because a lot of fake traders are out there for your money.

[Gurujebs]

If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.

You can have a mentor but I will advice you to make the mentor like someone who watches another person and learn from them either from YouTube or paid courses like Udemy. If you are very smart person and understand how to read and write, I'm very sure that you will get the basic idea of trading without involvement of any party.

I'm against mentorship because they are rippers, they will most likely take money from you and you might not even get all the necessary things you need as trader. Don't forget that learning isn't the only thing you need, you need the experience to master trading.

[Ricardo11]

A trading consultant is very much needed when a newcomer comes into trading. When you actually go to a trader and learn trading, he creates an opportunity not only technical instruction but also from experience to learn. Which is very important for a newbie. A new trader must physically learn trading from a consultant as well as do his own trading in demos, and do his own research in trading। take long time to learn trading, training is not a fast learning thing. So take time and learn everything better. Only then can you acquire trading skills.

[Rubel007]

If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.

While some may be lucky enough to find a trader mentor, there will be many who will not have that opportunity. So it is better to qualify yourself. To those who don't have a trading mentor, don't despair. No experienced trader can assure profit in his trading. In that case a Mentor can never bring profit. But there are some tips that can benefit that trader. The only advice for those who are suffering from Mentor, there is no alternative to qualify yourself.

[Findingnemo]

If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.

Well your suggestion make sense only if someone starts with big capital because they can afford too so I assume they also have all kind of guidance needed for them if they want but for someone who starts small mentor is not necessary, we are our own mentor and we learn things from the mistakes of our own and others when we are smart.

Learn the basics and go with less risky trading methods to mitigate risks.

[MrSpasybo]

While looking for a trading mentor, it is better you are careful because many people just want to be a mentor and not that they are actually making money from trading. The money they make is from people that are paying them or through other means.

Also trading is too much risky.

If someone has money, he can use it to advertise himself as a mentor but not actually making money from trading.

Yeah, we have a lot of people who claim to be trading experts with thousands of students, but they themselves have never experienced success in trading. Sometimes they can't make a profit from trading because they can't follow the rules, so they can only share their knowledge and experience with others. I don't think this is a bad thing if they genuinely want to help others avoid the mistakes they've made.

The worst thing is that many scammers just want to take advantage of inexperienced investors naivety to make money and enrich themselves. These people sell knowledge about a few indicators or trading systems at a very high price instead of guiding students to read and learn about them on their own. The sign of this is that hundreds of ads for crypto trading courses appear everywhere on Youtube, Telegram, Facebook... New investors should be cautious and try to avoid these scammers!

[Hatchy]

If someone has money, he can use it to advertise himself as a mentor but not actually making money from trading.

True though, as one has to be careful of who he chooses as a mentor. Before I had started my trading journey, it was a very stressful process for me. I tried to find classes on line, people with enough knowledge but then it was even harder than I taught. Most of them just understands little about trading and have no capital to start up their own journey. After the long search, I met with someone from my religious cycle, whom we barley talked and I was shocked he was good in his trading.

I talked to him about it and he agreed to teach, so long I was open to learning and learning fast. In a matter of months, I had seen a lot of profits from! Trading the financial market though there were time where I made huge loss but I had to practice all the time. My mentor was pleased at my excellent move as I didn't even need him to get my signals. I already knew when to enter and exist the market.

Though I'm still learning and practicing as that how trading works. You cannot stop learning except you will make too much losses that were un planned for. 

[electronicash]

there are hundred to thousands of tutorials online about crypto trading which the fundamentals doesn't have much difference to stock or forex trading. they all are using the same indicators that works the same way.  of course the market is very different but very close to how it works. an aspiring trading just have to learn how indicators work.

you can even watch some traders doing a live trade which you can observe the indicators they are using and all you need is just pay the subscription in tradingview to have them as well. you won't have to blame your mentor when you lose money.

[Hisbullah]

If you are new to trading, especially crypto trading, don’t go it alone. I learned this very late.

Having a mentor in trading is crucial because they provide guidance, share valuable experience, and help you avoid common mistakes. A mentor can accelerate your learning process, offer objective feedback, and help you navigate the emotional aspects of trading, ultimately increasing your chances of success.

You can have a mentor but I will advice you to make the mentor like someone who watches another person and learn from them either from YouTube or paid courses like Udemy. If you are very smart person and understand how to read and write, I'm very sure that you will get the basic idea of trading without involvement of any party.

I'm against mentorship because they are rippers, they will most likely take money from you and you might not even get all the necessary things you need as trader. Don't forget that learning isn't the only thing you need, you need the experience to master trading.

I also don't have a mentor, I just learn by myself from watching YouTube etc. Because I think trading must have good analysis and intuition, why do we need a mentor? I don't think it's necessary. We can become experts by having experience and it takes a long time to become a professional trader, although a professional also often experiences defeat.

[Publictalk792]

I strongly believe that having mentor is important when starting crypto trading. Trading alone can lead to big losses especially if anyone new to trading era. Mentor provides valuable knowledge guidance and support helping you avoid mistakes and navigate trading challenges.

Their honest feedback and emotional support can make big difference increasing your chances of success. In my opinion finding good mentor is necessary for success in crypto trading. It is smart decision that can save you time, money, and stress in the end.