I am looking for a mentor

Beginner Questions
21

For how long? How did it go?

22

Having a mentor is okay but sometimes it becomes expensive for traders. So, I want to say that there are learning resources available online and any trader can follow it. There are several brokers which offer support to their traders for developing them.

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23

A mentor could cost you $3,000/month.

And as a rookie, you wouldn’t know if you’re being fed good advice or not until you’re $10k in the hole.

Best to just get as far as you can for free, then decide about a mentor.

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24

Excellent point.

Also, a reputable mentor will not likely take you on as a student unless you’ve already had some experience with the basics and have proven that you are willing to put in 100%. He/She will want to give their full attention to students who are serious about this business.

2 Likes
25

Try to find someone in your connections. Do not go for online mentors without a proper background check. If you don’t find it, don’t get disheartened. Everybody trades on their own. Youtube has plenty of good resources to study from.

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26

Yes. For me, it’s better to utilize the free resources first.