How do you choose a trading mentor?

[Legion]

Because indeed the risk is that high to do trading. especially if there is no preparation before doing trading. without it, we will really be gambling that is not directed. and of course it will be very detrimental to us. in fact this is very dangerous because without knowledge and broad understanding too, then it will increasingly make its own target in setting the price to achieve. So, be sure, understanding and knowledge is very important to have before doing trading crypto, jcz we won't do it blindly, surely.

If you invest to the cryptocurrency market without proper knowledge and skills then for making money fast, it is like driving a car at high speed on the ice with the non-functioning brakes. Some people believe that success in the trading business depends on the result of luck, when actually traders work very patiently and try to have a tight control on their emotions. I believe you can reason it out by yourself, the more that someone runs, the higher the chances of making an error. Therefore, do not make a rightful decision on buying or selling an asset without a second thought. What you can learn, take notes, or even watch can as be more valuable as any random transaction. Your money is not a test bed. That way, if the market is unpredictable, you will be solid because you understood why you undertook each step.

[jeraldskie11]

The point is when we have a trading mentor, whoever it is, it must be balanced with our willingness and ability to follow it. because if we are not enthusiastic enough and complain about the journey that exists, it will not be successful. if we do not want to learn seriously, it will fail.

Exactly. Having a trading mentor is not enough requirement to becoming successful in your tradings but you must have enough enthusiasm and total willingness to follow his guidelines in your trading activities. That way, you'll be able to gain from the rich trading knowledge of your mentor. For you to be successful in trading, you must show total commitment in your tradings and one of the ways to show commitment is to follow every instruction of your mentor

That's true. You really need to follow everything your mentor says to be profitable. You chose that mentor because you think he can help you achieve your dreams in trading. And because he has enough experience in trading, you really need to follow him so that you don't lose your funds and your emotions will not get ruined. But not all mentors are truly profitable, so you should make sure that they are actually making money from trading, not from mentoring.

I totally agreed with you trying to chose a mentor will be tough sometimes and some mentor ain’t profitable some will be profitable on mentorship but in the market field they are dumb and they make a lot of loss and failure that won’t even grow the student or apprentice.
Some mentor are really not profitable they earn and grow their capital through apprentice and the student will end up in emotional pain and discomfort, be very careful of who you choose as a mentor and make sure you know a lot about him and how is trading pro folio is going either profits or loss.

Yeah, and of course since they know that they are not real mentors they will do their best to make them look like a real mentor so that we students will think that this mentor is what we are looking for. There are traders who can't be mentor but can be profitable, and traders who are just good at mentoring. Those fake mentors don't know how to approach the market even though they taught their students very well.

[Publictalk792]

If you invest to the cryptocurrency market without proper knowledge and skills then for making money fast, it is like driving a car at high speed on the ice with the non-functioning brakes. Some people believe that success in the trading business depends on the result of luck, when actually traders work very patiently and try to have a tight control on their emotions. I believe you can reason it out by yourself, the more that someone runs, the higher the chances of making an error. Therefore, do not make a rightful decision on buying or selling an asset without a second thought. What you can learn, take notes, or even watch can as be more valuable as any random transaction. Your money is not a test bed. That way, if the market is unpredictable, you will be solid because you understood why you undertook each step.

Idea of driving car super fast on ice with bad brakes is great way to show how dangerous it is to trade without control and understanding you could easily crash. Many people wrongly think that making money in trading is about luck. But as you said successful traders are patient and have self control and make good choices with their research and plans. They are not just gambling.

You are also right that rushing into trades is big mistake. If you hurry in trading you can make bad decisions. Take time to think look at market and come up with good plan is good to get good results. Advice to learn and watch what is happening is important. Spending time to educate yourself and understand market is probably best thing you can do with your money. You should not just use your money to try things out without knowing what you are doing. This knowledge and understanding are like brakes on slippery road they help to control trading and feel more confident even when things are unpredictable.

[ajiz138]

I really want to know about those who believe on having a trading mentor, how do you choose them?
What are the quality of choosing a trading mentor, is it by the result they has or by the profits they preached they made regularly without you seeing or what?

Please let us discuss how to choose a trading mentor.

Well, this topic was just posted the other forum and I decided to also make It here to hear different opinions by users in this community.

When it comes on choosing up a mentor then the primary thing that you do need up to look for is into its profitability. You wont be that trying out to check other qualities as well as long you do see him/her to be that profitable then this what matter the most because this will be the primary concern when we are trying out ot look for mentorship on which on how profitable your guru would be.
On next then you will be searching about on how well they do teaches up their strategies and on how he would be handling up his followers on which we know that each mentor does have that different approach into its students on which some are that too non caring at all as long they do be able to earn up some subs fees and also be careful when it comes into those fake ones.

The easiest way in my opinion is to make sure the mentor we choose is not concerned with money. It's a bit difficult to explain, but the point is don't choose those who even from the beginning see money, whether it's paying or others. Next, of course, knowledge and experience are what I will see.

I don't blame people who open paid VIP classes, but this is based on what I think. Because when we can be successful, I think we won't forget them.

[DavetJack]

The point is when we have a trading mentor, whoever it is, it must be balanced with our willingness and ability to follow it. because if we are not enthusiastic enough and complain about the journey that exists, it will not be successful. if we do not want to learn seriously, it will fail.

Exactly. Having a trading mentor is not enough requirement to becoming successful in your tradings but you must have enough enthusiasm and total willingness to follow his guidelines in your trading activities. That way, you'll be able to gain from the rich trading knowledge of your mentor. For you to be successful in trading, you must show total commitment in your tradings and one of the ways to show commitment is to follow every instruction of your mentor

That's true. You really need to follow everything your mentor says to be profitable. You chose that mentor because you think he can help you achieve your dreams in trading. And because he has enough experience in trading, you really need to follow him so that you don't lose your funds and your emotions will not get ruined. But not all mentors are truly profitable, so you should make sure that they are actually making money from trading, not from mentoring.

I totally agreed with you trying to chose a mentor will be tough sometimes and some mentor ain’t profitable some will be profitable on mentorship but in the market field they are dumb and they make a lot of loss and failure that won’t even grow the student or apprentice.
Some mentor are really not profitable they earn and grow their capital through apprentice and the student will end up in emotional pain and discomfort, be very careful of who you choose as a mentor and make sure you know a lot about him and how is trading pro folio is going either profits or loss.

Yeah, and of course since they know that they are not real mentors they will do their best to make them look like a real mentor so that we students will think that this mentor is what we are looking for. There are traders who can't be mentor but can be profitable, and traders who are just good at mentoring. Those fake mentors don't know how to approach the market even though they taught their students very well.

Yes, there are many who can profit in the market but they cannot be a mentor to the students. Then there are many who can profit in the market and they have become a prominent mentor to the students. I have seen in many places that many mentors have taken their students to the market by giving good advice to their students or by giving them good quality knowledge and experience. I say a mentor is completely dependent on the utilization of his knowledge and experience. If he can do well, if that knowledge is given to his students, then they can move forward.

[vegasus]

Because indeed the risk is that high to do trading. especially if there is no preparation before doing trading. without it, we will really be gambling that is not directed. and of course it will be very detrimental to us. in fact this is very dangerous because without knowledge and broad understanding too, then it will increasingly make its own target in setting the price to achieve. So, be sure, understanding and knowledge is very important to have before doing trading crypto, jcz we won't do it blindly, surely.

If you invest to the cryptocurrency market without proper knowledge and skills then for making money fast, it is like driving a car at high speed on the ice with the non-functioning brakes. Some people believe that success in the trading business depends on the result of luck, when actually traders work very patiently and try to have a tight control on their emotions. I believe you can reason it out by yourself, the more that someone runs, the higher the chances of making an error. Therefore, do not make a rightful decision on buying or selling an asset without a second thought. What you can learn, take notes, or even watch can as be more valuable as any random transaction. Your money is not a test bed. That way, if the market is unpredictable, you will be solid because you understood why you undertook each step.

Of course, investing in crypto, whatever it is, has its risks, even in Bitcoin. The risks come from several aspects, so you really have to pay attention to several things, regarding asset security, purchasing, not being easily hit by fake investments, and so on, including in a state of panic or FOMO. and this is where the role of adequate knowledge in crypto is very important. we should not just give up and act as if we will because we are lucky. this is not gambling. so our self-preparation is indeed that important.