We all know that we should learn from the best. This isn't limited to Forex trading. It's true in any field. Who you learn from will greatly determine how well you actually do. In trading, one of the most complex things you can try, this is doubly so. You can learn everything yourself, and there is certainly a lot of content to be found online, but learning from someone else can cut through a lot of the issues that you may face and make things less difficult.
Should you get a Forex mentor? Will you benefit from having an expert who can guide you through trading in a more lively fashion than books or courses can provide? This is what I want to find out in this article. Let's go over some points that you need to consider before making a decision.
Can you afford a mentor - Experts, especially in financial fields such as Forex, do not come cheap. They can charge a lot of money because what they know and what they can teach you can make you a lot of money. They know this so they charge a good price for their services.
High prices may be worth it. However, I am never for paying money that you can't afford to do without. It's not a good business practice to go into debt or to place yourself in financially risky situations. You need to spend money that you can afford.
Are you ready for a mentor - Some mentors work with very new traders. Others expect you to have some basic knowledge of the field. You need to make sure that the mentor you plan on hiring will be on the same page as you. If he or she is used to working with traders of your current level of experience.
Are you open to learning - Learning from a mentor will require you to make a lot of time and dedicate it to learning. The reason is that Forex expert cost a lot of money so you need to make use of them in an efficient manner. This means that you can't afford to waste a lot of time. You need to be actively learning.
Do you really need one - This is up to you. It's a personal decision. You can learn everything yourself, but a Forex mentor can help you avoid some costly and serious mistakes.
Should you get a Forex mentor? Will you benefit from having an expert who can guide you through trading in a more lively fashion than books or courses can provide? This is what I want to find out in this article. Let's go over some points that you need to consider before making a decision.
Can you afford a mentor - Experts, especially in financial fields such as Forex, do not come cheap. They can charge a lot of money because what they know and what they can teach you can make you a lot of money. They know this so they charge a good price for their services.
High prices may be worth it. However, I am never for paying money that you can't afford to do without. It's not a good business practice to go into debt or to place yourself in financially risky situations. You need to spend money that you can afford.
Are you ready for a mentor - Some mentors work with very new traders. Others expect you to have some basic knowledge of the field. You need to make sure that the mentor you plan on hiring will be on the same page as you. If he or she is used to working with traders of your current level of experience.
Are you open to learning - Learning from a mentor will require you to make a lot of time and dedicate it to learning. The reason is that Forex expert cost a lot of money so you need to make use of them in an efficient manner. This means that you can't afford to waste a lot of time. You need to be actively learning.
Do you really need one - This is up to you. It's a personal decision. You can learn everything yourself, but a Forex mentor can help you avoid some costly and serious mistakes.
