The Importance of Having a Trading Mentor

[|MINER|]

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.

I don't think it is very effective because trading is very risky.  It is more important to be smart and cautious in trading.  Basically finding someone who is a mentor is difficult.  Most of them are fake. I hear from many people that they have benefited from mentors. For many people, it is a waste of money.  It depends on one's experience, a lot on luck as well. I would say one should use their own intelligence in this case. But many may find it easier to follow a mentor.

[Crypto Library]

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.

Every job requires a mentor for initial learning, you must check his qualifications before selecting a mentor. Because if you select a mentor who knows a little about trading, he is giving you instructions from that little knowledge or if you trade by following his signals, then you will have more chances of losing face.

In my case first it happened that I accepted an incompetent trader as my mentor and my biggest mistake was that I took trades according to his signals and later I faced losses. So select a mentor in trading who has a good understanding of technical analysis and fundamental analysis of trading and who will teach you trading analysis instead of trading signals.

[nakmantu99]

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.

I don't think it is very effective because trading is very risky.  It is more important to be smart and cautious in trading.  Basically finding someone who is a mentor is difficult.  Most of them are fake. I hear from many people that they have benefited from mentors. For many people, it is a waste of money.  It depends on one's experience, a lot on luck as well. I would say one should use their own intelligence in this case. But many may find it easier to follow a mentor.

Saya juga memiliki mentor dalam trading , tetapi dia teman saya di dunia nyata jadi saya tidak memiliki kekuatiran ditipu. Sebagai teman dia ihlas mengajarkan dan memberikan kunci kunci dalam melakukan trading. jadi saya tidak mencari mentor lain, karena bagi saya itu sudah cuukup.

[libert19]

Rather than having personal mentor which I would say is hard to find genuine one who knows what he's talking about, it's better to read books from veteran traders/investors and implement them in your journey, I personally think it'll help you more.

For example, The Intelligent Investor is good book and also recommended by veterans like Warren Buffet.

[Bobcrypto]

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.

I think Trading is not as risky as you claim, because so many traders are doing very well except traders that are not experienced. Experienced they say, is the 'best teacher', and having a mentor in trading Crypto is good, at least, as a newbie, you need a highly experienced traders for mentorship.
Now having a mentor and applying your idea strategy is a plus for trading success, for example, Trader 'A', will take profits at certain profit/loss rate, say 1% increase, while Trader'B' will take profits/loss rate, say 2% increase. As a wise trader, you don't need to be greedy because the crypto market is volatile, and it can dump at any time. The market is very difficult to predict 100% correctly and it is very good to trade smartly.

[Ujok]

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.

It is very good to have a mentor when starting trading so that you don't just buy coins carelessly and also when we are confused we can ask the mentor so he will direct us. But don't choose a mentor you don't know and be careful, it's better to choose a mentor from a friend or relative if you have one.

[|MINER|]

Saya juga memiliki mentor dalam trading , tetapi dia teman saya di dunia nyata jadi saya tidak memiliki kekuatiran ditipu. Sebagai teman dia ihlas mengajarkan dan memberikan kunci kunci dalam melakukan trading. jadi saya tidak mencari mentor lain, karena bagi saya itu sudah cuukup.

Dude can you edit your post?
You quoted me and I saw your post and at first I thought I might have posted in some other local board topic, then I checked again and saw that I posted in the global board.

It is very good to have a mentor when starting trading so that you don't just buy coins carelessly and also when we are confused we can ask the mentor so he will direct us. But don't choose a mentor you don't know and be careful, it's better to choose a mentor from a friend or relative if you have one.

Good suggestion.
You should choose a mentor who will guide you in the right direction in terms of investment, whether it is in choosing the right coin, whether it is about the time and amount of investment.  However, it must be kept in mind that the mentor cannot be completely depended on. In the initial case of trading, important tips can be taken from him to learn trading, but it does not happen that the mentor is becoming like a signal businessman.

[UNIVERSE]

I never have a mentor, I begin trading alone at that time. I have no big problem with my trading, but surely I was focusing to learn everything about trading firstly. I read many articles and videos about trading, I also join the discussion in many trading topics. I started my trading when I had enough knowledge in trading.

Having a mentor is good, but not everyone can have a mentor. I don't know any people who trade crypto in my town. I think it is impossible for a person like me to have a mentor. If I must start with a mentor, I may never join trading.

[JISAN]

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.

Not only in trading but in all new situations a mentor is needed be it virtual or physical. Because if it takes you 1 month to understand a subject, when you get a mentor, it will take you only 1 week to master it. But if you spend more time and try yourself to learn something, then you will not forget it for the rest of your life. This is the biggest advantage of self-effort. But I won't say that you can't do well if you learn something through a mentor.  If you have the effort, you can do well quickly with a mentor.

[Ricardo11]

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.

Not only in trading but in all new situations a mentor is needed be it virtual or physical. Because if it takes you 1 month to understand a subject, when you get a mentor, it will take you only 1 week to master it. But if you spend more time and try yourself to learn something, then you will not forget it for the rest of your life. This is the biggest advantage of self-effort. But I won't say that you can't do well if you learn something through a mentor.  If you have the effort, you can do well quickly with a mentor.

I totally agree with you, we desperately need a mentor in every field. When we learn something with the help of a mentor it will save us a lot of time and we will understand everything better. But for this you have to try yourself. You have to have the willpower that you will do this. Without self-will, self-confidence, and self-effort, bringing in not  only 1 mentor, 10 mentors will do you no good. So by trying on your own and also learning from a mentor, a newbie can go a long way in a short period of time.

[KingsDen]

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.

This is not applicable only to cryptocurrency trading. It is applicable to all sphere of life. He who has a genuine mentor tends to accelerate their speed to success. He will walk through the path of the mentor and avoid some mistakes that the mentor made. Trading without a mentor means that you should be ready to make all the mistakes yourself and figure your way out. Even if you will overcome all the obstacles, they will surely impede your speed and progress. A mentor gives confidence and consoles from the rich of experience they have.

But most times, the word mentor is misinterpreted to mean a teacher or a coach. A mentor is bigger than the above two.

[Hisbullah]

I totally agree with you, we desperately need a mentor in every field. When we learn something with the help of a mentor it will save us a lot of time and we will understand everything better. But for this you have to try yourself. You have to have the willpower that you will do this. Without self-will, self-confidence, and self-effort, bringing in not  only 1 mentor, 10 mentors will do you no good. So by trying on your own and also learning from a mentor, a newbie can go a long way in a short period of time.

In trading, if we have a mentor who can be trusted, it is very good, then find a good and trusted mentor. but it seems very difficult. but if there is usually paid. I don't have a mentor in trading, I just learn by myself from several references in groups and on YouTube to learn trading and try to practice myself with analysis and strategies that I think are right for me.

This is not applicable only to cryptocurrency trading. It is applicable to all sphere of life. He who has a genuine mentor tends to accelerate their speed to success. He will walk through the path of the mentor and avoid some mistakes that the mentor made. Trading without a mentor means that you should be ready to make all the mistakes yourself and figure your way out. Even if you will overcome all the obstacles, they will surely impede your speed and progress. A mentor gives confidence and consoles from the rich of experience they have.

But most times, the word mentor is misinterpreted to mean a teacher or a coach. A mentor is bigger than the above two.

It is indeed easier if we trade with a mentor because we can take experience and knowledge from the mentor, this will speed up our learning process in trading. but are there any friends who want to be mentors? or are there other people who are willing not to be paid to be mentors, it seems there are none.

[Asiska02]

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 to guide you through your trading journey is very important and that will help facilitate your trading journey and to reach a profitable time sooner. In as much as a mentor is important for your trading journey, you need to look out for the best ones to give you what you’re actually looking for. Not all mentors you come across are actually mentors, some are just making money through posturing themselves as one. People make use of any opportunity to make money, they don’t care about how what they’re trying to offer will not add value to the person they want to teach. A mentor will help you to reach your goal faster but the bigger work lies in your hands to reach that success soon.

[LUCKMCFLY]

I also make bitcoin my main choice in investing and buying altcoins to diversify my investment in crypto. Because by diversifying we can increase the opportunity to get profit. In investing we must analyze the coins that we will choose and have a good plan when buying them by targeting when we should sell.

Your theory is good, although I am a bit Skeptical because when it comes to choosing what to buy in altcoins I think about it a lot, especially because of what I have been thinking and what has happened to me, one day I bought a lot in Altcoins , and it went down a lot in price , the truth is I lost something considerable, that is why the Option of buying altcoins seems so delicate to me, however I fully trust bitcoin, it does not matter if it falls in price, because I know it will increase , but it is a fact for me that it is the best investment in the world, and I am not afraid of Investing in it at all.

[dekafee79]

I also make bitcoin my main choice in investing and buying altcoins to diversify my investment in crypto. Because by diversifying we can increase the opportunity to get profit. In investing we must analyze the coins that we will choose and have a good plan when buying them by targeting when we should sell.

Your theory is good, although I am a bit Skeptical because when it comes to choosing what to buy in altcoins I think about it a lot, especially because of what I have been thinking and what has happened to me, one day I bought a lot in Altcoins , and it went down a lot in price , the truth is I lost something considerable, that is why the Option of buying altcoins seems so delicate to me, however I fully trust bitcoin, it does not matter if it falls in price, because I know it will increase , but it is a fact for me that it is the best investment in the world, and I am not afraid of Investing in it at all.

If you are in doubt about altcoins, you should just buy bitcoin, because investing according to what we believe will give us profit and we must do it with confidence.
Actually, there are many good altcoins, of course the top coins that should be chosen are ethereum, BNB, solanan and maybe TON is also good and will give you profit.