Forex mentors

Lol - Don’t worry, I’m not lazy (far from it), however I’ve put nearly 5 years of hard work, sweat and tears into trading and have now developed a “lazy” style, in that I only take one kind of setup, and a 20 minute scan each evening is enough to identify them. I don’t spend any more time in front of the screen trading these days than I need to.

But to get to this point took thousands of hours of screen time.

Here’s the problem with paying to learn from a forex mentor–You can get all the information they are teaching from online forums like babypips and forexfactory for free. It is not very hard to grasp the technical aspect of trading.

However, the most difficult part of forex is the mental/psychological aspect (taming your emotions and building your emotional intelligence)–which many mentors fail to cover/fail to cover effectively.

After being a member of several forex courses, I had figured out that it was my mindset that was hindering my progression, not my technical skills. Most of the mentors taught nothing new from what I had seen on forums.

If I could do it all over again and go searching for a mentor, I would prioritize the following:

  1. Needs to understand and teach the significance of trader psychology, which is a huge and often underestimated part of forex.
  2. The mentor has to offer great support for if you have any questions.
  3. Lots of examples of trades, whether it would be youtube or text or any other medium. An explanation on how to do something will give you the basic knowledge, but examples will enhance that basic knowledge and teach you how to apply it.

With that said…

Chris Capre @ 2ndskiesforex was my turning point as a trader. I highly recommend him. Why? because he places just as much, if not more, emphasis on the psychology of trading than he does on the technical part. Additionally, he’s worked for FXCM, wall street, and hedge funds along with having an educational background in neuroscience which enhances his teachings on trader psychology.

In the end, whichever mentor you side with, read, research and [B]practice[/B].

A good mentor should have practical experience in forex market and he should be earning from forex a healthy income. If anybody says he is a good trader but can’t show you his real earning of past 3 - 4 years, then he will definitely be a scam.

You’re right. Good mentor must have good achievement and there must be proof about his performance. Usually, you could ask his performance in myfxbook to know the quality of trading which he has done. But for me, it is not easy to find out mentor in forex trading and you don’t need to try find it out too much because there are many good traders who can trade well with getting information from blogs, ebooks, forums, and trying it into demo account.

It is very lucky if there is trader who can find out personal mentor for himself because there are few people who want to spent time for mentoring you personally. I prefer to learn by myself than relying on other traders.

I will assure you that you will save a bunch if you just get a couple of these books:

Trading Price Action Trends: Technical Analysis of Price Charts Bar by Bar for the Serious Trader by Al Brooks

Naked Forex: High-Probability Techniques for Trading Without Indicators by Alex Nekritin

Understanding Price Action: practical analysis of the 5-minute time frame by Bob Volman

If you sign up for any these “mentors”, soon you will find out that they have a ton of other services to offer you (another words more money sucking) usually making you feel that you need them also because they go so “well” together with what you just signed up. Believe there is no easy way in and you can learn to trade by using trend lines for free if you want to, anything that these guys can show you is readily available off the internet if you search for it. Most people sign up for this stuff because they think that these guys hold the golden key and the truth is they don’t. Save your money that’s my opinion!

I have several traders added in my FB profile that claim to teach you forex trading so that you will become able to make tension free money, but when I ask anyone of them about any track record, they always fail to do so. Several mentoring sites have fake reviews about their course. You have to be very careful in choosing a good mentor.

Hi Diego
this is a really great string and actually something that ive often wondered about. I have seen online a lot of advertisements for mentors and professional traders who allow you to follow their trades. perhaps you could get involved in a couple of these communities for a trial to see if you get any inside tips? might be cheaper and less risky than putting all your eggs in one basket.

There are very few really good mentors out there. Most people who charge to mentor do it because they can’t trade for a living. When I say most, I mean like 999 out of 1000. A very few mentor because they’ve made all the millions they can possibly ever spend and they just do it for the attention they get from it. It’s not likely you’ll ever meet one of those though.

Having a forex mentors is a good one because you get to learn from them and help yourself prepared on how to face this business. It is good to trade good and with a good forex mentors one can actually learn much more from them.

Hi, I was wondering if you might have any suggestions for trusted “mentors” of which you might have come by through the years.
Thanks very much.

Yeah, there is this person named Mikey/ICT, the best mental around, in fact he is so mental that no one wants him around. Hahaahahhahahaahhahaah, oh I cain’t stop, _bob pull this mask off of me cause I’m smokin.

The Ever Sayin Goodnight, Mrs. Calabash, Wherever You Are VIPER

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Does MrsViper know about this mysterious Mrs. Calabash…

I think, learning from internet is the best! Although, it’s a long term process but much secure than depending on others!

Like many people I also learn all from internet. I feel the need of training. If some one tell us and trained us we can understand trading quickly and early. I not say that mentor should do trading for us . For learning purpose mentor role is important. He can guide on the base of his experience.

It’s certainly unmistakably clear from all the posts made here by each of you that you’ve “learned” entirely from online, unverified, unreviewed, unedited sources. Heaven forbid that either of you should ever read a book.

not for nothing but ICT is back on twitter and he is going to be doing daily market videos. This could be very helpful if any of you are struggling. I know at some point he will be charging but at least till the end of the year it is totally free.

btw I know he is a very polarizing person and you either love him or hate him. Me I am with the love em group. his concepts has brought my trading to another level. His material is very advanced but he breaks it down to small chunks that can be easier to understand.

It will take hard work and dedication but you can become constantly profitable, but I can promise you this, whether it is Michael or any other mentor you will have to work hard and submit to time. There is no other way. period.

Shhhh, listen, hear that, it’s the sound of no one listening. Recently met someone who could not get through “Trading For A Living”, it was too harsh and unrelenting. Oh and happy days are here again, Mikey is back on Twitter, so there is no need to read any books. :wink:

The Ever “Quoth the Raven “Nevermore.”” VIPER

PS

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I respect your opiniion it’s cool. I remeber you from back in th day too.

Like I said some love em some hate em

I have gotten a ton of great insight from him but hey that’s me

Your are a very good Sport, I always hope things go well with you and yours, and as always Trade Well :grin:

The Ever Wishing Well For People Of Good Will VIPER

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It’s really rare that a person teaches you something for free. It’s It’s plain as day though, cause they spend their time. The main thing here is that this person is an expert and doesn’t ask for anything at the end.