WHAT TO LOOK FOR IN A FOREX TRADING MENTOR

FOREX TRADING MENTOR

Forex Trading Mentor is the only online service providing expert traders with an advanced method of currency trading and one of the fastest ways to earn money from the FX markets. They provide expert training for both beginners and advanced Forex traders. Their services are provided in the Forex markets from Sydney, Japan, Hong Kong, Germany, and many other international locations. Their services are always free and are tailored to suit the needs of the individual trader. If you have any questions or concerns regarding the Forex markets you can contact them.

WHAT SEPARATES A GOOD COACH FROM A BAD MENTOR? 

A good forex coach can teach you without violating your rights. A bad mentor would give false information and guidance and might even encourage his/her student to lose a lot of money in the forex trading markets. So before you sign up with a new mentor make sure you do your homework first to make sure the person is suitable for you and will give you only worthwhile information to help you start making money. Here are some signs of a bad mentor:

DOES THE FOREX TRADING MENTOR HAVE A YOUTUBE CHANNEL? 

A great way to judge the effectiveness of your mentor is by the type of training he/she provides with their website. Forex coaching should include videos, which can help you understand the basic concepts of trading currencies. If the mentor does not have a video for you to study then you might want to look elsewhere for an effective mentor. The Forex Trading Mentor has a very active YouTube channel that often features a short video every week which provides relevant insights regarding currency trading.

IS THE FOREX TRADING MENTOR FINANCIALLY EDUCATED?

It is important that your financial education matches your Forex trading mentoring program. You need to understand the risks and rewards of trading currencies so you can maximize your earning potential. Your Forex mentor should not recommend anything which is contrary to the advice of your financial planner or is financially unrealistic.

CAN THE FOREX TRADING MENTOR PROVIDE TANGIBLE EXAMPLES OF THEIR OWN TRADING SUCCESS?

Your mentor should be able to provide you with at least one real example of when they profited from their own trading. Even if they are an internet marketer and not a trader in real life, it is still essential that your mentoring program teaches you trading psychology. Many successful traders do not just advise trading but actually live by it and share it with others. There is no substitute for a great real-life example of financial success to build on your confidence and ability to become a profitable trader.

IS THE FOREX TRADING MENTOR QUALIFIED AS A BROKER? 

This is a critical factor to consider. If your mentor is not a registered broker, he/she should not be allowed to give you trading advice or any type of instruction. Brokers are regulated by federal and state laws. They must follow strict guidelines and have to hold a professional status in a relevant field. There are many good, reputable, registered brokers who will gladly offer you advise and trading training.