Do you really need a mentor to solve your problems?

[analyst75]

“Problems – do you need a mentor

 

 The problems I see in people’s trading plans are most often the kind that can cripple a trading account quickly…

 

Often before the trader even notices something is wrong.

 

It happens with veterans as well as complete newbies. And it can even happen if you think you ‘know better’.

 

It’s something to do with the fact that we can’t often shine a light into our own blind spots. We need someone else to detect the termites before they topple the castle.

 

We think the market will tell us? Well, the problem is, the market is an inconsistent teacher, rewarding bad behaviour sometimes, and seismically shocking us with the odd earthquake when we least expect it.

 

There are secrets and tricks that you just can’t find out for yourself – unless you had another 6 lifetimes of trading experience. Events you haven’t experienced before that can leave you high and dry.

 

That’s why it’s so important to draw from the power of a mastermind. A group of people who have spread their experience across decades, markets, and twisted weird occasions that don’t occur frequently, but can still kick you in the guts.

 

You need that spread of experience to be as broad as it can be, as it’s just impossible to do and try everything in the markets without sending yourself broke. Learning by trial and error just doesn’t cut it as a trader.

 

And even if you don’t end up obliterating your equity, you’ll chew up the bandwidth of your mental capacity.

 

What might take you 10 years to nut out, was actually there in a quip from a fellow trader passed to you effortlessly over lunch.

 

Where are you cramping your potential lifestyle? Could it be that you’re not excelling because ego makes you want to sing: “I did it my waaaay”?

 

If so, it’s time to grow up.

 

If your goal is to trade with precision and confidence, it’s time to realise you might just need a mentor. No shame. In fact, it’s a sign of wisdom.” – LB

 

 

[Vaabum]

I believe that you can achieve quite good results yourself. At least when I started working on the demo account of the broker ExpertOption, this option allowed me to gain knowledge myself.

[Dora Wi]

I'm sure a mentor can be very helpful but I don't think it is necessary. You can find solutions to your problems yourself if you put in the time to analyse your mistakes and search for solutions. Online communities can provide help, too.

[Vaabum]

In general, in order to work out most of the solutions in trading, I initially worked on a demo account of the broker ExpertOption in order to gain the necessary experience.

[FXOpen Trader]

On 12/6/2021 at 11:40 PM, Vaabum said:

In general, in order to work out most of the solutions in trading, I initially worked on a demo account of the broker ExpertOption in order to gain the necessary experience.

I have been doing my Forex trading from the last 10 Years with the International and Reputed Forex Broker FXOpen Markets
They are a True ECN Forex Brokers.

[Vaabum]

Sometimes it can really help in the early stages. But it is also worth understanding that a trader must be able to solve his problems himself.

[bigxy]

In my opinion a mentor is necessary in every aspect of life so the forex trading has no exceptions at all.

[Vaabum]

It is much better when a trader is able to solve his own problems. I do not argue, sometimes you can have a mentor, but rely on yourself.

[FXOpen Trader]

On 1/23/2022 at 12:11 AM, Vaabum said:

It is much better when a trader is able to solve his own problems. I do not argue, sometimes you can have a mentor, but rely on yourself.

We will need to learn about doing our trades into the markets and in the process develop good trading strategies.

[Vaabum]

Sometimes it is better to choose such an option for work when the trader himself knows how to solve his problems.

[FXOpen Trader]

3 hours ago, Vaabum said:

Sometimes it is better to choose such an option for work when the trader himself knows how to solve his problems.

We must make such Efforts so that the losses will start to come down for us in the long term.

[Vaabum]

To be honest, I would try my best to avoid it. In this case, the trader will have very little autonomy.

[FXOpen Trader]

On 2/23/2022 at 1:56 AM, Vaabum said:

To be honest, I would try my best to avoid it. In this case, the trader will have very little autonomy.

To be able to do our trading with a plan we will need more planning and Efforts.

[John22]

Honestly, every now and then we need help along the way because we don't now it all and we need to be guided sometimes.

[FXOpen Trader]

On 3/15/2022 at 1:30 AM, John22 said:

Honestly, every now and then we need help along the way because we don't now it all and we need to be guided sometimes.

We must make some Efforts in this business so that the income we are getting will also get increased.

[John22]

Sure we need efforts in the market, the amount of input determines the amount of output we get.

[boltushkin]

I believe that you can achieve quite good results yourself. At least when I started working on the demo account of Hotforex, this opportunity allowed me to gain knowledge myself without anybody's help.

[FXOpen Trader]

14 hours ago, boltushkin said:

I believe that you can achieve quite good results yourself. At least when I started working on the demo account of Hotforex, this opportunity allowed me to gain knowledge myself without anybody's help.

I have been doing my Forex trading from the last 10 Years with the International and Reputed Forex Broker FXOpen Markets
They are a True ECN Forex Brokers.

[Vaabum]

I think it's better to be prepared to deal with such issues yourself. This is more important.