Although I am not foreign exchange small white, I learn from my mentor Morgan to a lot of knowledge about foreign exchange, but I don’t earn enough money, I just familiar with a variety of operating mode, do more than a year of foreign exchange, the front is in time, until now I know that inside information how important it is.So, I think a mentor is just to help you think out ideas. If a mentor is like Warren Buffett, would he still be a mentor?
When you say you don’t earn enough money, that isn’t necessarily your mentors fault. That could come down to position sizing or your account size.
Focus on the percentages… are you making consistent % returns month after month? If so, thank your mentor.
Forex Mentor is a very complicated issue in Forex trading , actually there is no one who can make you profitable from this market place , you need to make sure your own knowledge
nice topic , A trading mentor of course can be a big deal in your trading journey but the main question where you will get this , most of the Mentor right now found them as scam in online , so its the major problems.
Hi Maggie,
Talk to Morgan about the difference between mentoring and coaching. One is prescriptive, the other is not. The linked article below may help clear up what you feel you need and whether Morgan is the right answer, or group participation such as forum membership may be a clearer path to your success.
Coaching vs mentoring - why the difference matters (apm.org.uk)
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when you are a completely new in trading then need a trading Mentor but in online its really difficult to found right one.
I never went the mentor route because, in the beginning, I found it difficult to find a trading mentor or coach I could trust because I didn’t know enough about the business to vet anyone. Ultimately, a mentor is supposed to help you along your journey. Give a person a trade idea, you might make them some money. Teach a person how to trade, and they will make money for life.
I don’t think all mentors make their money teaching and not trading. I plan on being a mentor or coach one day because I love to talk shop and I am concerned with the ideologies of new traders. I struggled a lot in the beginning and would feel great about helping others avoid that, even if my account was 10x larger than right now.
Select a mentor you can trust and actually cares about helping you. However, do so after knowing the basics of the market to protect yourself from scammers. The education part of this site is a great start. Feel free to message me with any questions and I will help where possible.
No one can make you money. He can teach you how to do it. As emotion is involved in trading, everyone reacts differently in a certain situations. And in this matter no one can help us except giving advice. You have to be discipline in your own way.
I believe it is possible, but it is difficult to find one who really knows his stuff, is able to teach and also in a way that you can learn from.
It means you are making little money, but not enough. So why not increase the lot size or your volume of trade to make profit. You could also diversify your portfolio.