The Importance of Having a Trading Mentor

[Mpamaegbu]

~snipped~

OP's talking about trading... Are you currently a trader? I dunno what you mean by "crypto journey", sorry.

Yes, I actively trade and I do Index (Volatility) most of the time (I hope you're familiar with that line of trading, though), while on a few occasions I trade cryptos and FX.

What I meant by my crypto journey is explicit. It's the whole thing about how I stumbled on cryptocurrency, my onboarding and where I am with it today. 

[Dewi Aries]

Selling courses on the internet it's a big business market in the world from the last couple of years, it's very much profitable, they never share or disclose their losses in the trading, they will share only success history, then audience are attracted to buy their courses, some traders even make sure about guaranteed profits before selling their courses but a newbie trader will realize their mistakes after buying such courses.

In terms of buying anything including courses that are generally wrapped in the name of knowledge in them, of course it also still depends on our own interest and confidence. Because if the party selling the course only gives examples of the benefits without explaining the risks and things that can cause risks through small mistakes, then the knowledge in the course also needs to be questioned clearly. Because in trading there are only two important points that always happen, if there is no loss then there will be profit even though some of the profit is the effect of the level of luck that is on his side.

Exactly, it is a fact that it is useless if a mentor only provides a way to gain profit while on the other hand they do not provide a way or at least tell you about the signs that can cause  losses, because in the end even though you can gain profit but if you do not have the right way to prevent losses then in the end all those profits will also be lost in a short period of time.

This means be careful and  you have to be observant enough in choosing a mentor, make sure that the mentor you choose not only tells you about  how to climb a cliff properly but also  tells you about the right way to go down.

[Fredomago]

Selling courses on the internet it's a big business market in the world from the last couple of years, it's very much profitable, they never share or disclose their losses in the trading, they will share only success history, then audience are attracted to buy their courses, some traders even make sure about guaranteed profits before selling their courses but a newbie trader will realize their mistakes after buying such courses.

In terms of buying anything including courses that are generally wrapped in the name of knowledge in them, of course it also still depends on our own interest and confidence. Because if the party selling the course only gives examples of the benefits without explaining the risks and things that can cause risks through small mistakes, then the knowledge in the course also needs to be questioned clearly. Because in trading there are only two important points that always happen, if there is no loss then there will be profit even though some of the profit is the effect of the level of luck that is on his side.

I go with that opinion,  it's needed to provide information about risk and not just focusing with potential benefits,  traders who sell their idea and knowledge most of the time gives that focus with how you will earn and those who acquires the book or services got easily engaged not knowing that in trading there's also a big risk that awaits you, if you failed to understand then most of the time it will turned against you. Best to know where's your focus and if you can both handle pressures and risk to gain better success.

[Dr.Osh]

mentors can give us advice to take the right steps and guide us to choose a portfolio to trade. However, having a mentor does not guarantee that we will not get a loss. Sooner or later, you need to try on your own for every decision you make, and not rely on mentors all the time. Well, but having a mentor is a good thing for a beginner.

[Dr.Bitcoin_Strange]

Totally depends on a certain individual because learning isnt really just that limited when doing up some face to face sessions physically. In todays accessibility then we could really be able to say that it is really that also
possible to learn up things or face up someone online. We do have that screen share up or team viewer or live streams and something on which it would really be a great tool that informations being shared up with you and your mentor.It is really indeed true that learning from someone who do have the experience is much more better rather than on doing on your own or somehow it could make things bit more faster but of course it will really be that still depending on how well you do able to absorbed information and apply it into real trading. We do know that there are individuals who are slow learners or not really that good when it comes to memorization and thats why it do make things a little bit more delay.

Depends on the individual, yeah, but still depends on some certain factors such as, the high level of understanding that the person possess and the availability of a strong network connection to be streaming live while receiving the guidance from the mentor. Trading is practical and it will be more advantage to a learner when their mentor is present and showing them auctions to take gradually.

[Lanatsa]

Selling courses on the internet it's a big business market in the world from the last couple of years, it's very much profitable, they never share or disclose their losses in the trading, they will share only success history, then audience are attracted to buy their courses, some traders even make sure about guaranteed profits before selling their courses but a newbie trader will realize their mistakes after buying such courses.

In terms of buying anything including courses that are generally wrapped in the name of knowledge in them, of course it also still depends on our own interest and confidence. Because if the party selling the course only gives examples of the benefits without explaining the risks and things that can cause risks through small mistakes, then the knowledge in the course also needs to be questioned clearly. Because in trading there are only two important points that always happen, if there is no loss then there will be profit even though some of the profit is the effect of the level of luck that is on his side.

Exactly, it is a fact that it is useless if a mentor only provides a way to gain profit while on the other hand they do not provide a way or at least tell you about the signs that can cause  losses, because in the end even though you can gain profit but if you do not have the right way to prevent losses then in the end all those profits will also be lost in a short period of time.

This means be careful and  you have to be observant enough in choosing a mentor, make sure that the mentor you choose not only tells you about  how to climb a cliff properly but also  tells you about the right way to go down.

On the moment that a certain mentor would really be only focusing into making profits and not really that trying out to explain about on the risks involved then this is something that could give out some doubts basing up into the things that he/she is really that teaching. As a noob then you wont really be able to notice it out since the primary concern or things that you do have in mind is on how to become profitable. This is why anything that your mentor or teacher would be telling or mentioning will definitely be your main focus and this is where you would really be believing. On the moment that those analysis that you gained up from your mentor and on the time that you are already getting that knowledge and awareness then you will be able to find out gradually on whats the real essence of trading or something that do speak about on how things works. Some people will really be still preferring on having a mentor and would be that relying until the end of time but there are those people who do make out some realization and make up some independent trading and will be choosing up on going solo.

I do agree into those words by some members that there's no feeling of regret on the moment that you are the ones who do make your own analysis on which in regardless on
what would be the result will be then you will be having that no regrets and will really be trying to improve  yourself on your own since you do already have the idea
on what are the things that you have encountered and learnt along the way. It will really be just that basing up on how you do handle things on your own and will really be that
making adjustments.

[uswa56]

mentors can give us advice to take the right steps and guide us to choose a portfolio to trade. However, having a mentor does not guarantee that we will not get a loss. Sooner or later, you need to try on your own for every decision you make, and not rely on mentors all the time. Well, but having a mentor is a good thing for a beginner.

It is true that as a beginner you will need a mentor to guide them when they first get to know trading and also they will direct us in choosing the type of asset we will trade and over time of course we don't always have to rely on a mentor because it will make it difficult to develop, so practicing on your own will certainly be able to increase your knowledge about trading and it will certainly give us the opportunity to be successful in trading, because if we continue to depend on other people's decisions on trades that are not necessarily profitable, then making our own decisions will certainly be better, but we must first understand the trading well.

[Freepips]

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.

Having a mentor in trading does not guarantee profitability in trading. But having a mentor who have wealth of experience can aid your success in trading. Because after he might have thought you what is knows, it does not mean that you will be profitable and that market will respect your positions, trading  is a psychological thing and your  personal development is  essential. Trading involve risk because of volatility of the market, so proper risk management and psychological check is the real deal.

[Dewi Aries]

Exactly, it is a fact that it is useless if a mentor only provides a way to gain profit while on the other hand they do not provide a way or at least tell you about the signs that can cause  losses, because in the end even though you can gain profit but if you do not have the right way to prevent losses then in the end all those profits will also be lost in a short period of time.

This means be careful and  you have to be observant enough in choosing a mentor, make sure that the mentor you choose not only tells you about  how to climb a cliff properly but also  tells you about the right way to go down.

On the moment that a certain mentor would really be only focusing into making profits and not really that trying out to explain about on the risks involved then this is something that could give out some doubts basing up into the things that he/she is really that teaching. As a noob then you wont really be able to notice it out since the primary concern or things that you do have in mind is on how to become profitable. This is why anything that your mentor or teacher would be telling or mentioning will definitely be your main focus and this is where you would really be believing. On the moment that those analysis that you gained up from your mentor and on the time that you are already getting that knowledge and awareness then you will be able to find out gradually on whats the real essence of trading or something that do speak about on how things works. Some people will really be still preferring on having a mentor and would be that relying until the end of time but there are those people who do make out some realization and make up some independent trading and will be choosing up on going solo.

I do agree into those words by some members that there's no feeling of regret on the moment that you are the ones who do make your own analysis on which in regardless on
what would be the result will be then you will be having that no regrets and will really be trying to improve  yourself on your own since you do already have the idea
on what are the things that you have encountered and learnt along the way. It will really be just that basing up on how you do handle things on your own and will really be that
making adjustments.

Actually, even though someone can choose the right mentor who can really provide good and important lessons for the safety and success of a student, but in the end there are still several other factors that can cause various problems such as delays in the development of knowledge for a student, such as someone who does not really have the intention and strong determination to dedicate himself totally to the world of trading or other factors such as low IQ which makes it difficult for someone to develop in their learning process, meaning that even if you succeed in getting the right mentor, in the end it all comes back to yourself.

On the other hand, for the problem of regret, I think it is something natural because it is part of human nature when things do not go according to what they expect, the point is not to be too excessive in regretting everything because it is very susceptible to various impulsive actions when emotions dominate. In general, in any learning process, there are always some people who make unwanted events as learning materials, but there are always some people who are really unable to do this, which are usually the people who end up failing.

[shawonngp]

mentors can give us advice to take the right steps and guide us to choose a portfolio to trade. However, having a mentor does not guarantee that we will not get a loss. Sooner or later, you need to try on your own for every decision you make, and not rely on mentors all the time. Well, but having a mentor is a good thing for a beginner.

Nothing is guaranteed in trading, even mentors also fall into losses at any time, i see in my mentors who still losses in big amount, but he has a lot of experience  in trading for many years. He can just share his knowledge but can never ensure about profits. If you will follow of his guideline of course your knowledge will be sharp.

[Fredomago]

mentors can give us advice to take the right steps and guide us to choose a portfolio to trade. However, having a mentor does not guarantee that we will not get a loss. Sooner or later, you need to try on your own for every decision you make, and not rely on mentors all the time. Well, but having a mentor is a good thing for a beginner.

Nothing is guaranteed in trading, even mentors also fall into losses at any time, i see in my mentors who still losses in big amount, but he has a lot of experience  in trading for many years. He can just share his knowledge but can never ensure about profits. If you will follow of his guideline of course your knowledge will be sharp.

Yeah right, the good thing with those kinds of traders they are good in bouncing back though they also lose in a trade but they are not stopping and they always have alternative plans, it's about their knowledge and capabilities to anticipate what's the next step after losing and what kind of adjustments that they need to recover back.

Mentors indeed can give you hints and patterns but at the end you still needs to learn more and adopt with how you want to find your success, you can't just rely on them but you need to rely with your own knowledge after acquiring those basics.

[dunfida]

mentors can give us advice to take the right steps and guide us to choose a portfolio to trade. However, having a mentor does not guarantee that we will not get a loss. Sooner or later, you need to try on your own for every decision you make, and not rely on mentors all the time. Well, but having a mentor is a good thing for a beginner.

Nothing is guaranteed in trading, even mentors also fall into losses at any time, i see in my mentors who still losses in big amount, but he has a lot of experience  in trading for many years. He can just share his knowledge but can never ensure about profits. If you will follow of his guideline of course your knowledge will be sharp.

Yeah right, the good thing with those kinds of traders they are good in bouncing back though they also lose in a trade but they are not stopping and they always have alternative plans, it's about their knowledge and capabilities to anticipate what's the next step after losing and what kind of adjustments that they need to recover back.

Mentors indeed can give you hints and patterns but at the end you still needs to learn more and adopt with how you want to find your success, you can't just rely on them but you need to rely with your own knowledge after acquiring those basics.

True!, Nothing beats out if you would really be just depending into your own skills and capability. If you do prefer on having a mentor then its your choice but sooner or later on which on the moment or time that you do make out such realizations that you are still the ones who would really be handling yourself towards this volatile market. The pros on having a mentor is that it could give out that idea on which you could be able to apply into your own analysis on which this could really be helpful but actually informations such as  this could really be searched online, thats why i dont see a reason on why you would be needing to get one?
When you do tend to make up your own analysis then you could be able to make some combinations into the ways or methods that you have learnt along the way.

Not all will really be able to afford or really that willing to pay for some mentor., They are good guides but you can't rely on them forever. Also, it will really be that ideal that you should also learn from it.
Dont make yourself that lazy and just simply following on what those mentors be saying. For the sake of learning if you do find it fast and good then you could pay for that but
as said that sooner or later you will be able to feel up that its not really relevant anymore because you could be able to learn on your own without needing them.

[Questat]

mentors can give us advice to take the right steps and guide us to choose a portfolio to trade. However, having a mentor does not guarantee that we will not get a loss. Sooner or later, you need to try on your own for every decision you make, and not rely on mentors all the time. Well, but having a mentor is a good thing for a beginner.

Right. Beginners really need it the most. But it does not mean that everything should be dependent on what the trading mentor said. At the end of the day, your trade, your own responsibility so you have to learn trading with or without a mentor.

However, having a trading mentor may provide you certain guidelines on how to trade successfully and profitably but the outcome still depends on how you apply all your learnings and make your trades more susceptible to gains than losses.

[Fredomago]

Not all will really be able to afford or really that willing to pay for some mentor., They are good guides but you can't rely on them forever. Also, it will really be that ideal that you should also learn from it.
Dont make yourself that lazy and just simply following on what those mentors be saying. For the sake of learning if you do find it fast and good then you could pay for that but
as said that sooner or later you will be able to feel up that its not really relevant anymore because you could be able to learn on your own without needing them.

Indeed, even you can afford paying mentors and they'll be able to provide you videos and other things that can help you to understand its still a must that you'll extend your efforts taking time working with your own knowledge and skills, mentors are guides but in real time trades it's your decision making  matters.

You need to have that knowledge and you need to continue improving yourself and make you more comfortable with your decision making.

[livingfree]

Mentors indeed can give you hints and patterns but at the end you still needs to learn more and adopt with how you want to find your success, you can't just rely on them but you need to rely with your own knowledge after acquiring those basics.

They are there to give some guides on which path a trader should go and what strategies they should apply.

Mentors won't make everything easy but it is our adaptability that will make us as profitable traders.

[Lanatsa]

Exactly, it is a fact that it is useless if a mentor only provides a way to gain profit while on the other hand they do not provide a way or at least tell you about the signs that can cause  losses, because in the end even though you can gain profit but if you do not have the right way to prevent losses then in the end all those profits will also be lost in a short period of time.

This means be careful and  you have to be observant enough in choosing a mentor, make sure that the mentor you choose not only tells you about  how to climb a cliff properly but also  tells you about the right way to go down.

On the moment that a certain mentor would really be only focusing into making profits and not really that trying out to explain about on the risks involved then this is something that could give out some doubts basing up into the things that he/she is really that teaching. As a noob then you wont really be able to notice it out since the primary concern or things that you do have in mind is on how to become profitable. This is why anything that your mentor or teacher would be telling or mentioning will definitely be your main focus and this is where you would really be believing. On the moment that those analysis that you gained up from your mentor and on the time that you are already getting that knowledge and awareness then you will be able to find out gradually on whats the real essence of trading or something that do speak about on how things works. Some people will really be still preferring on having a mentor and would be that relying until the end of time but there are those people who do make out some realization and make up some independent trading and will be choosing up on going solo.

I do agree into those words by some members that there's no feeling of regret on the moment that you are the ones who do make your own analysis on which in regardless on
what would be the result will be then you will be having that no regrets and will really be trying to improve  yourself on your own since you do already have the idea
on what are the things that you have encountered and learnt along the way. It will really be just that basing up on how you do handle things on your own and will really be that
making adjustments.

Actually, even though someone can choose the right mentor who can really provide good and important lessons for the safety and success of a student, but in the end there are still several other factors that can cause various problems such as delays in the development of knowledge for a student, such as someone who does not really have the intention and strong determination to dedicate himself totally to the world of trading or other factors such as low IQ which makes it difficult for someone to develop in their learning process, meaning that even if you succeed in getting the right mentor, in the end it all comes back to yourself.

On the other hand, for the problem of regret, I think it is something natural because it is part of human nature when things do not go according to what they expect, the point is not to be too excessive in regretting everything because it is very susceptible to various impulsive actions when emotions dominate. In general, in any learning process, there are always some people who make unwanted events as learning materials, but there are always some people who are really unable to do this, which are usually the people who end up failing.

You do really have the point on which there are indeed factors on which could neither slow down or speed up someones learning specially that each person is really that different when it comes into this manner.
There are some who are fast learners and there are ones who are slow ones. Same goes into those people who do have resources on their learning tools and there are ones who do struggle on doing so.
There are people who are lazy and there are ones who are really that persevered on which this do simply shows or means that outcomes or results will really be that possibly different into each individual.
The important thing on here is that in the end of the day you  do able to learn up something. Its not really that bad to have mentor but you should know at least on having that self learn behavior too.

When you do tend to learn up trading then this is something that will really be not be a short time kind of process. The wrong thing about other people is that they do really that hurrying up themselves on learning
and this is where they do commit out tons of mistakes because of wrong impression. On the moment that you will really be seeing yourself having this kind of approach then you are really that bound into tons
of errors. Although since you are still on the learning phase then it will really be that just normal to have those things but adaption and versatility will really be that varying on a certain individual.

[Dewi Aries]

Actually, even though someone can choose the right mentor who can really provide good and important lessons for the safety and success of a student, but in the end there are still several other factors that can cause various problems such as delays in the development of knowledge for a student, such as someone who does not really have the intention and strong determination to dedicate himself totally to the world of trading or other factors such as low IQ which makes it difficult for someone to develop in their learning process, meaning that even if you succeed in getting the right mentor, in the end it all comes back to yourself.

On the other hand, for the problem of regret, I think it is something natural because it is part of human nature when things do not go according to what they expect, the point is not to be too excessive in regretting everything because it is very susceptible to various impulsive actions when emotions dominate. In general, in any learning process, there are always some people who make unwanted events as learning materials, but there are always some people who are really unable to do this, which are usually the people who end up failing.

You do really have the point on which there are indeed factors on which could neither slow down or speed up someones learning specially that each person is really that different when it comes into this manner.
There are some who are fast learners and there are ones who are slow ones. Same goes into those people who do have resources on their learning tools and there are ones who do struggle on doing so.
There are people who are lazy and there are ones who are really that persevered on which this do simply shows or means that outcomes or results will really be that possibly different into each individual.
The important thing on here is that in the end of the day you  do able to learn up something. Its not really that bad to have mentor but you should know at least on having that self learn behavior too.

When you do tend to learn up trading then this is something that will really be not be a short time kind of process. The wrong thing about other people is that they do really that hurrying up themselves on learning
and this is where they do commit out tons of mistakes because of wrong impression. On the moment that you will really be seeing yourself having this kind of approach then you are really that bound into tons
of errors. Although since you are still on the learning phase then it will really be that just normal to have those things but adaption and versatility will really be that varying on a certain individual.

Yes and I think what I said earlier is a fact related to various factors that can affect the speed or delay of a person in learning and these factors apply to everything we want to pursue.
These factors are divided into several parts where some are natural and some are made by the person, such as a low IQ factor which is something natural, and some are made by the person such as laziness to learn new things related to the world of trading.

So that means I think it is quite right to say that the role of a mentor is nothing more than helping to direct someone on the right path, and in the end most of the success still depends on how serious the person is in dedicating himself to learning or also depends on whether the person has natural factors such as a low IQ that can hinder the development process or not, but usually in most people who end up failing are those who are not too serious about learning, because I see that it is not uncommon for people who succeed in achieving success even though at first their abilities are very limited.

[bigmanik]

You can never ever underestimate the importance of having a mentor I know that they are people out there who did it all on there own but having a mentor just makes things easier and faster for the students and you don't always have to learn some certain things the hard way your mentor will be there to pur you through what you should and should not do
Let's not forget about having someone to encourage you and tell you how to be better
As a newbe in trading I would really advise you have a mentor and for people who are not opportuned to have mentor this forum can help you in a lot of ways

[Baki202]

You can never ever underestimate the importance of having a mentor I know that they are people out there who did it all on there own but having a mentor just makes things easier and faster for the students and you don't always have to learn some certain things the hard way your mentor will be there to pur you through what you should and should not do
Let's not forget about having someone to encourage you and tell you how to be better
As a newbe in trading I would really advise you have a mentor and for people who are not opportuned to have mentor this forum can help you in a lot of ways

Their are a lot of people that they sometimes feel that they can do it on their own but it is not usually very okay having someone guiding you is a previlage a very good one because as the person is guiding you can even use your demo account to actually learn before starting with you own money so any risk you want to take you take it over there. And when their is a mentor it truly makes everything very easy because when you even lack understanding their will be proper explanation given. And it will even save you a lot of time. The main purpose will be when you have someone by your side to put you through. Encouragement to matters a lot to because at some point you might even lose hope, when you have people that you are doing the same thing with they will encourage you. I agree with you if you have the opportunity of having a mentor then you should just grab it and allow your self to be mentored.

[uswa56]

Their are a lot of people that they sometimes feel that they can do it on their own but it is not usually very okay having someone guiding you is a previlage a very good one because as the person is guiding you can even use your demo account to actually learn before starting with you own money so any risk you want to take you take it over there. And when their is a mentor it truly makes everything very easy because when you even lack understanding their will be proper explanation given. And it will even save you a lot of time. The main purpose will be when you have someone by your side to put you through. Encouragement to matters a lot to because at some point you might even lose hope, when you have people that you are doing the same thing with they will encourage you. I agree with you if you have the opportunity of having a mentor then you should just grab it and allow your self to be mentored.

If someone wants to learn trading on their own, there is nothing wrong with it, but the process they have to go through will certainly be different from those who have a mentor in trading, because for those who have a mentor in understanding trading, it will certainly make it easier for them when they get things they don't understand, then they can ask the mentor, but for those who try to learn on their own, of course, they have to try to find a solution to the thing they don't understand,  For beginners who try a demo account in understanding trading, of course, this will be very helpful for them, but they should also be aware that when using money, they will of course have different conditions when they use a demo account, and when trying with money, they certainly have to be very careful not to make wrong decisions that are detrimental to themselves. Yes, you are right, choosing to have a mentor in understanding trading, of course it will be better because there will be many things that will be difficult for us to understand in learning trading and with a mentor, of course they will direct us according to the skills and experience they have in trading.