Forex Mentor: How To Pick The Best
Following a Forex mentor can be the best decision anyone wanting to trade Forex can make. Most new traders waste too much time jumping from one trading system to the next. Therefore, choosing a Forex mentor to follow is one of the smartest things you can do… but how do you choose one?
The most obvious route is to find the most successful Forex trader and follow them. But this approach is shortsighted and does not necessarily make for the best match between budding Forex trader and Forex mentor.
Here Are Three Things To Consider Whe Choosing A Forex Mentor…
Without a doubt, you want to pick a REAL Forex trader to follow. There is too much garbage out there and you should only look to learn from real traders. While this may sound obvious… too many traders fall for hype instead of substance.
Find out about your potential Forex mentor’s trading style before you decide. There are as many ways to trade Forex as there are traders. Is the trader a scalper, day trader or swing trader? These are important concerns because you want to find mentoring that teaches you the the kind of trading best suited to your personality.
How does the Forex mentor teach you? We all learn best in a different way. Do you like to learn best by reading, watching a video, webinars, examples or personal contact? You want to pick the Forex mentor that teaches in the way you best learn in order to get the most out of the experience.
I want to stress how important it is to have a mentor for your success in Forex. It can reduce the learning curve dramatically, keep you from getting stressed and save you a lot of money in the long run. But it is just as important you choose the right Forex mentor for your personality, goals and expectations. When you find the right match… I’m sure you’ll find your Forex trading improves with each passing day.
I’ve just started a new site where I go over finding the right Forex mentor and give my short list of recommendations: Best Forex Trading Mentor