What Reward for a Trading Mentor

[kingvirtus09]

I don't see any wrong with mentors, as long as they are teaching you right and if it's free then it's good if not then you must agree with the fees you are paying and that's enough, it depends on what you discussed or agreed.
Just make sure you are talking with a legit trading mentor. And make sure try to apply your lessons with your mentor in real trading environment.

Having a mentor is actually an advantage for us. Of course, at least someone will guide what we do in the actual trade, rather than no one guiding us, because, let's say, you can study without mentors. That's why it takes time for you to learn something.

Apparently, a student will not have that diploma if there is no teacher who taught them, and you will not know that you are improving if you cannot see whether your grade is high or low. This is just an illustration. But since we are talking about trading, you might as well be careful. If they help you for free, that's good; take advantage and take chances, but if you are charged, that's not good in my opinion.

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[Silberman]

I don't see any wrong with mentors, as long as they are teaching you right and if it's free then it's good if not then you must agree with the fees you are paying and that's enough, it depends on what you discussed or agreed.
Just make sure you are talking with a legit trading mentor. And make sure try to apply your lessons with your mentor in real trading environment.

Having a mentor is actually an advantage for us. Of course, at least someone will guide what we do in the actual trade, rather than no one guiding us, because, let's say, you can study without mentors. That's why it takes time for you to learn something.

Apparently, a student will not have that diploma if there is no teacher who taught them, and you will not know that you are improving if you cannot see whether your grade is high or low. This is just an illustration. But since we are talking about trading, you might as well be careful. If they help you for free, that's good; take advantage and take chances, but if you are charged, that's not good in my opinion.

The last point you make is key, someone that wants to trade should not pay for the mentorship they receive, this may seem unfair but there are so many scammers and so many people claiming to be great traders that most likely you will give your money to someone that does not deserve it, so it is preferable to learn on your own if you cannot find someone to teach you for free, as early on when your money is limited you need to avoid unnecessary expenses, and it is much cheaper to learn from a book than to learn from such mentors even if they were legitimate.

[Septex]

I don't think it would hurt to have a mentor. But you must be careful about who you take on as a mentor. Because you may not be able to do much without a good and wise mentor. Your mentor should be someone who has already reached the destination you want to reach and has already led many people to that destination through his orders. If there is such a suggestion then you can get the suggestion even through subscription. But you don't just have to listen to him and act on his words. And you have to consider yourself on a case-by-case basis.

[carlfebz2]

I don't see any wrong with mentors, as long as they are teaching you right and if it's free then it's good if not then you must agree with the fees you are paying and that's enough, it depends on what you discussed or agreed.
Just make sure you are talking with a legit trading mentor. And make sure try to apply your lessons with your mentor in real trading environment.

Having a mentor is actually an advantage for us. Of course, at least someone will guide what we do in the actual trade, rather than no one guiding us, because, let's say, you can study without mentors. That's why it takes time for you to learn something.

Apparently, a student will not have that diploma if there is no teacher who taught them, and you will not know that you are improving if you cannot see whether your grade is high or low. This is just an illustration. But since we are talking about trading, you might as well be careful. If they help you for free, that's good; take advantage and take chances, but if you are charged, that's not good in my opinion.

The last point you make is key, someone that wants to trade should not pay for the mentorship they receive, this may seem unfair but there are so many scammers and so many people claiming to be great traders that most likely you will give your money to someone that does not deserve it, so it is preferable to learn on your own if you cannot find someone to teach you for free, as early on when your money is limited you need to avoid unnecessary expenses, and it is much cheaper to learn from a book than to learn from such mentors even if they were legitimate.

Would really be just that a complete waste of money if you are really that tending on paying up on something which you could actually get for free. There really just that people who doesnt really like on hassling themselves on making some research or doing the hard work and this is why they dont really mind on paying up someone if ever they would be able to do so or get on what they do want.Everyone does really like on that fast pace kind of learning on which this is really that a normal but this is where things turns out to be a mess on which you would really be rushing up things without even minding on whats the real essence of trading on which this is something a skill that cant really be learnt overnight or something that could really be able to learnt on a short period of time.

This is why it would really be that always better that you should really be that learning on your own rather than on making yourself that be too reliant into others. All of information could really be that
able to research online and everything would really be that gained.It is really just that a matter of some effort and action to be made if you are really that serious but if you are that someone
whose really that lazy then you would really be that finding yourself on such trouble.

[Lakai01]

Right now I am coming in with a different strategy which is a mentor. Yes, I need a mentor in this renewed trading journey who would teach me the practical aspect of it. Because any of us can easily quote the theoretical knowledge of trading.
What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?

Professional traders like Brian Beamish offer mentoring as well as courses where you learn the trading craft. Have you ever thought about booking such courses? Some lessons are also available for free (or on Youtube *cough*), so you could get a picture of him and his learning methods.

I personally haven't booked the course, but I follow him on Twitter/X. This is him: https://twitter.com/CRInvestor

[Assface16678]

Yes, having a mentor is a good decision for you. You are open to something like that, and you are willing to hire a mentor. In terms of mentors, you can also consider copy trading on a legitimate copy trading app while you are still learning, or you could enrol in a trading class that would be a good option, or if you don't want to pay, then there's YouTube, where you can watch or read blogs in order to gather enough knowledge and skills to efficiently trade and earn. In terms of reward, you can give a percentage of your profit for every trade you and your mentor make. In that way, you will have a fixed amount of reward, and it will also prevent conflict between you and your mentor. But of course, be careful. It's better to hire a mentor who's close to you, like a friend, colleague, or family member.

[MarvieJ]

I have a fair knowledge about Bitcoin and cryptocurrency. I can hold down a good conversation in it however when it comes to trading, I have come to the point where I need to up my game. After using a mock trading app for some time, I stopped and tried the live environment. I lost money. Since then I have done some trading again. I feel I need to get back in the game. Right now I am coming in with a different strategy which is a mentor. Yes, I need a mentor in this renewed trading journey who would teach me the practical aspect of it. Because any of us can easily quote the theoretical knowledge of trading.
What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?

If you guys can give me some ideas, it will help me to take charge of the conversation when I meet with the potential mentor.

Thanks.

Meeting potential mentors is hard to come across these days because some claim what they're not. Honestly, I understand this feeling. At some point, I started using copy trading to fill up the space of my earning while I learn. You could find a mentor but I scaled through learning from those who are better than I'm, and joined a small group of good traders as well. I wish you luck in finding a mentor

Have paid lot of mentors in the past who never gave me value for what I paid , wasted money on fake mentors .. I will rather use a bot to help me trade while am enhancing my knowledge than have a mentor deceive me again

[GeorgeJohn]

I don't think it would hurt to have a mentor. But you must be careful about who you take on as a mentor. Because you may not be able to do much without a good and wise mentor. Your mentor should be someone who has already reached the destination you want to reach and has already led many people to that destination through his orders. If there is such a suggestion then you can get the suggestion even through subscription. But you don't just have to listen to him and act on his words. And you have to consider yourself on a case-by-case basis.

You are right because you maybe curious of getting mentor and it landed you into wrong hand, so whoever that is having a mentor should be very careful because I believe that getting a mentor is actually good but the problem is that the mentor does it know the pathway of what you are looking, sometimes with some mentors they drives you to a place that you don't know...so it's good for you to look for it by yourself and be learning online first to have the knowledge of trading before looking for someone you depends on in trading.

With online video through a youtube you will learn some scopes of trading that you don't know and with that you can be able to understand the concepts of trading before soliciting for a mentor, their is something I understand in trading, a continuous practice in trade expand us via the knowledge of trading, this is what we should understand via trading and its concepts the way I understand the method of learning trading.

Trading have advantages and disadvantages and I believe that when you are trading subsequently you understand some certain barriers that is involve in trading you have to skip them because you have already experienced it before, so whosoever that is trading everyday either with small amount of funds or big amount of funds will know and understand the obstacles that's involve in a trading and it will overcome them.

[South Park]

Have paid lot of mentors in the past who never gave me value for what I paid , wasted money on fake mentors .. I will rather use a bot to help me trade while am enhancing my knowledge than have a mentor deceive me again

The mentor in my opinion must be someone that you know and that sees you in good light, that way you will know that you are not being deceived by them and being taken advantage of, however if you are the one paying a mentor then it is unlikely you will get the desired results, because as the proverb says ‘Those who can’t do, teach.’ so it is unlikely that someone that takes the time to teach others and charges money for it knows how to trade professionally or they will actually do that instead of becoming a mentor.

[uchegod-21]

Have paid lot of mentors in the past who never gave me value for what I paid , wasted money on fake mentors .. I will rather use a bot to help me trade while am enhancing my knowledge than have a mentor deceive me again

Sorry about this. Good mentors are hard to find these days. That is why I advise that we do researches on our own so we will not only gain knowledge  but also detect when our supposed mentors are going off track. Having a mentor is not bad at all,  just that fake mentors have outnumbered the real ones, making it difficult for newbies to rely solely  on mentorship alone.

[Issa56]

Professional traders like Brian Beamish offer mentoring as well as courses where you learn the trading craft. Have you ever thought about booking such courses? Some lessons are also available for free (or on Youtube cough), so you could get a picture of him and his learning methods.

If the Op really wants a mentor, it’s better he gets someone in his locality that can guide him physically. Not everyone is always able to learn easily by watching videos and reading books, but if there is someone who can teach him offline, then it will be better. According to the Op, he already tried and lost money. He needs someone who can explain how the practical aspects work, so the OP will need someone to teach him the practical aspects, which will be best learned if the Op gets someone close to him. But he should also be careful because there are lots of people claiming to be professional traders, and most of them only know the theory.

Sorry about this. Good mentors are hard to find these days. That is why I advise that we do researches on our own so we will not only gain knowledge  but also detect when our supposed mentors are going off track. Having a mentor is not bad at all,  just that fake mentors have outnumbered the real ones, making it difficult for newbies to rely solely  on mentorship alone.

It's sort of hard to find a genuine person because even those who are just getting started in the crypto area are pretending to be professionals. However, if the OP can find someone who is truly a professional, then it's going to be of great use to him. It's often better to learn from someone in person than from videos and books you read online, so it's great if the Op can find a qualified mentor.

[shinratensei_]

Have paid lot of mentors in the past who never gave me value for what I paid , wasted money on fake mentors .. I will rather use a bot to help me trade while am enhancing my knowledge than have a mentor deceive me again

Sorry about this. Good mentors are hard to find these days. That is why I advise that we do researches on our own so we will not only gain knowledge  but also detect when our supposed mentors are going off track. Having a mentor is not bad at all,  just that fake mentors have outnumbered the real ones, making it difficult for newbies to rely solely  on mentorship alone.

personally i would never find mentors nowadays, quite literally the resource for learning are so many out there that I don't think its really necessariy having mentor, more over learning the unique nature of the market can be done directly even though it might costs something like causing us to lose but regardless i think if someone really eager to find some mentor because they think they can't do better with themselves but thats fine but as you said too many people self proclaiming to be trading gurus even mentor in which instead of gaining knowledge by following them we will lose our capital because really everything they do at this point is with ulterior motive of making themselves rich than their own students.

[MarvieJ]

What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?

You mixed things up. You are asking as if you are the mentor that what to have an idea on how to bill your subjects. But in this context, you are the supposed learner. It is the mentor that will choose how he will be remunerated and not the other way round. So, meet your mentor first and he will say how you will pay. If by chance he demands nothing from you, it is when you can ask us these questions.

If you are looking for a mentor, you may look for like three good traders that can mentor you.

Mate, are you are this is not a bad idea. Having more than 1 mentor will be demanding and distracting. 3 good traders have different strategies and one person learn from 3 different experts as mentors will be distracting. At a point you may not know whose strategy to apply and whose to ignore.

I will advise he have one mentor and use the forum advice to augment, things will be fine.

Well I don’t know about anyone else but my experiences with mentors are quite sour , they demand money & yet I don’t get value for it .. I will rather use bots to build my portfolio tbh .. or rather keep using the bitget copy trading till I’ve gained enough knowledge to trade independently

[Bitcoinpoly]

I have a fair knowledge about Bitcoin and cryptocurrency. I can hold down a good conversation in it however when it comes to trading, I have come to the point where I need to up my game. After using a mock trading app for some time, I stopped and tried the live environment. I lost money. Since then I have done some trading again. I feel I need to get back in the game. Right now I am coming in with a different strategy which is a mentor. Yes, I need a mentor in this renewed trading journey who would teach me the practical aspect of it. Because any of us can easily quote the theoretical knowledge of trading.
What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?

If you guys can give me some ideas, it will help me to take charge of the conversation when I meet with the potential mentor.

Thanks.

I’m not sure but as a good professional trader you have a lot of opportunities. You can join any copy trading exchanges and apply as an elite trader once you have a good track record you will be selected and you can earn rewards. Though for you to be selected you must be exceptional good, exchanges like Bitget will make sure you’re up to standard before you can be selected, which is one of the reasons why Bitget has recorded a lot of success in their copy trading function.

[Peanutswar]

What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?

You mixed things up. You are asking as if you are the mentor that what to have an idea on how to bill your subjects. But in this context, you are the supposed learner. It is the mentor that will choose how he will be remunerated and not the other way round. So, meet your mentor first and he will say how you will pay. If by chance he demands nothing from you, it is when you can ask us these questions.

If you are looking for a mentor, you may look for like three good traders that can mentor you.

Mate, are you are this is not a bad idea. Having more than 1 mentor will be demanding and distracting. 3 good traders have different strategies and one person learn from 3 different experts as mentors will be distracting. At a point you may not know whose strategy to apply and whose to ignore.

I will advise he have one mentor and use the forum advice to augment, things will be fine.

Well I don’t know about anyone else but my experiences with mentors are quite sour , they demand money & yet I don’t get value for it .. I will rather use bots to build my portfolio tbh .. or rather keep using the bitget copy trading till I’ve gained enough knowledge to trade independently

There alot of gurus and mentors right there saying that most of their trades have a good win rate, some of those known traders created a platform, and seek people who want to learn trading but of course, they need to buy their services as offering, nothing new why there a lot of trading mentor right there that they are saying they are a good mentor, if you have an internet of course tons of youtube tutorial right there and website offering a free lesson, but we have a different way of learning some of them they can do this but some of them must need to have a guidance from other people. So its all about peoples choice how to learn.

[Eternad]

What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?

If you guys can give me some ideas, it will help me to take charge of the conversation when I meet with the potential mentor.

Thanks.

Percentage of your profit per trade is what typically the common profit sharing to mentor but some mentorship requires upfront payment for service fee aside from the profit sharing.

I’m not sure if there’s really a legit mentorship in crypto since there’s a lot of scammer here that impersonates as professional trader. I highly recommend copy trading instead of hiring mentorship since you can have the same trade activity to professional without string attached and upfront payment. Only the profit sharing which is just minimal percentage. You can be safe this way instead of trusting someone randomly that will jist teach you what to trade.

[Bushdark]

I don't see any wrong with mentors, as long as they are teaching you right and if it's free then it's good if not then you must agree with the fees you are paying and that's enough, it depends on what you discussed or agreed.
Just make sure you are talking with a legit trading mentor. And make sure try to apply your lessons with your mentor in real trading environment.

Having a mentor is actually an advantage for us. Of course, at least someone will guide what we do in the actual trade, rather than no one guiding us, because, let's say, you can study without mentors. That's why it takes time for you to learn something.

Apparently, a student will not have that diploma if there is no teacher who taught them, and you will not know that you are improving if you cannot see whether your grade is high or low. This is just an illustration. But since we are talking about trading, you might as well be careful. If they help you for free, that's good; take advantage and take chances, but if you are charged, that's not good in my opinion.

As a trader, whether we are aspiring to be a pro trader or just starting our career, it is important for us to have a mentor that would be guiding us on how we need to trade and earn from the market. Traders need to work with people that have good results in the market so that they too can understand and benefits from the market at the same time. Having a mentor is what we need to stay longer with a broad guidance on how to go about our trading career preventing unnecessary pressure and loses that could rise from our selfishness and greediness as a trader.

[South Park]

What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?

If you guys can give me some ideas, it will help me to take charge of the conversation when I meet with the potential mentor.

Thanks.

Percentage of your profit per trade is what typically the common profit sharing to mentor but some mentorship requires upfront payment for service fee aside from the profit sharing.

I’m not sure if there’s really a legit mentorship in crypto since there’s a lot of scammer here that impersonates as professional trader. I highly recommend copy trading instead of hiring mentorship since you can have the same trade activity to professional without string attached and upfront payment. Only the profit sharing which is just minimal percentage. You can be safe this way instead of trusting someone randomly that will jist teach you what to trade.

Copy trading is not really the solution as then you will learn nothing and you will depend entirely on the performance of someone else, and while you could do well for a time it is unlikely that success can be sustained for the long term as the trader you are copying begins to suffer losses, then it seems that anyone that would like to become a successful trader has no other option other than to learn on their own and stop trying to find for ways to reduce the time and effort necessary to do this.

[Sanitough]

I don't see any wrong with mentors, as long as they are teaching you right and if it's free then it's good if not then you must agree with the fees you are paying and that's enough, it depends on what you discussed or agreed.
Just make sure you are talking with a legit trading mentor. And make sure try to apply your lessons with your mentor in real trading environment.

The challenge if you hire a mentor is that you are not sure if what you get is actually a legit and a professional mentor. You know its easy to claim that you know trading well and that you are making good profits from it, but in reality you are just like any other traders that keep on losing the market. That is the reason why we don't need to trust those trading mentors easily especially if they require higher fees. We need to check their background first if they have been really into trading for several years.

And if you're lucky to have been mentored by a professional trader, then make sure that what you learned are the ones you applied in real trading. Because its undeniable that when we get to trade at live trading, we easily forget what we have learned and just focus on trading using what we think could work in our trades. That is why constant practice and experience in trading is crucial because that's the only way we can improve our trading skills and strategies.

[dunfida]

I don't see any wrong with mentors, as long as they are teaching you right and if it's free then it's good if not then you must agree with the fees you are paying and that's enough, it depends on what you discussed or agreed.
Just make sure you are talking with a legit trading mentor. And make sure try to apply your lessons with your mentor in real trading environment.

The challenge if you hire a mentor is that you are not sure if what you get is actually a legit and a professional mentor. You know its easy to claim that you know trading well and that you are making good profits from it, but in reality you are just like any other traders that keep on losing the market. That is the reason why we don't need to trust those trading mentors easily especially if they require higher fees. We need to check their background first if they have been really into trading for several years.

And if you're lucky to have been mentored by a professional trader, then make sure that what you learned are the ones you applied in real trading. Because its undeniable that when we get to trade at live trading, we easily forget what we have learned and just focus on trading using what we think could work in our trades. That is why constant practice and experience in trading is crucial because that's the only way we can improve our trading skills and strategies.

How you would really be that able to determine if you are dealing with the right or professional trader? There's no way that you could be able to determine that yet stats could be faked
and they would really be normally showing off only their profitable trades and hiding their losing ones. This is why you should really be careful on choosing one if you dont really like to experience
out such conditions. There are really moments on which you've been thinking that having a mentor would really be something that could fasten up your learning process but we know that
it would really be something that needs up for you to pay something for that.

You could eventually be able to learn up trading without any mentors on your own. Every information you do really need is really that available online.
It is really just that a matter of effort and time engaging on your part. If you dont just let yourself that being too lazy then you could
actually do it.