Why a FOREX Mentor is Important to your Success
Why a FOREX Mentor is Important to your Success
FOREX trading is a skill that needs to be refined. It isn't a crap-shoot, nor is it luck. Just as accountants need specific training to be considered a professional and start making money out of their craft; trading requires specific training too.
The only real way to train yourself is to hire a professional teacher like Platinum Training Solutions. You could try poking around on the internet, but beware of internet advice as it is posted by amateurs and not professionals who have perfected their craft. The best way to become a proficient professional is to hire a FOREX trading master to design you a platinum training solution.
Why a FOREX mentor is important:
You will need support to keep your motivation level high after the initial unsuccessful trading period.
Trade secrets given out by professionals will mean the difference between FOREX success and FOREX failure.
A mentor will arm you with the best resources in the industry, which are impossible to distinguish as an amateur. These can include professional blogs, advice, trends, and breaking news sites.
A mentor will teach you how to be risk adverse, which is important considering how volatile trading can be.
Live trading support is important to have because making decisions in the heat of the moment can be difficult and having a professional to lean on for advice can be the greatest gift you give yourself.
Having a FOREX mentor will grow your skills 10x quicker than you will learn through trial and error, and will give you the motivation to continue trading. The FOREX trading graveyard is littered with amateur traders who tried to go it alone, lost their money and abandoned the craft.
Hiring a FOREX mentor is critical to success in the industry, but equally as critical is hiring a qualified professional to be your mentor. There are many companies, websites and video training programs that make promises about great returns on investment, but beware that many of these are scams aimed at FOREX newbies. There are certain qualities that you should be looking for in a FOREX mentor.
What to Look for in a FOREX Mentor:
A solid reputation in the business is important. A quick Google search can provide you with the trader's background and successes.
You need a trader with proven successes. If they are not willing to share their portfolio with you then do not consider them professionals. Also be aware that every trading portfolio will have minor glitches; no professional ever made it to the top without making a few mistakes so beware of perfect looking trading records.
Look for a team of professionals, as you will want there to be constantly somebody available to assist you and teams of professionals have higher availability.
Proven success conferring their trading skills through a student-mentor relationship.
Professional mentor services, like those available at platinum training solutions, is the only time-proven way to build a successful trading portfolio.
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