How to Choose a Forex Mentor Program That Suits You?

There are plenty Forex Mentor Programs online, be aware that not all Mentor Programs are run by real Forex Traders. A Forex trader trades for living. A Forex marketer sells for living. Who do you want to learn Forex trading from? Most Forex marketers don't trade, they mainly build beautiful websites to sell you Forex related products, secrets or automatic forex system to make you rich - don't fall for such hype. Some Forex marketers trade, they learn strategies from some gurus then they will sell it as their strategies. Any experience trader would tells you Forex is not about strategies only. After you have filtered off those Forex marketers, how do you assess a good Mentor Program?

First,

Of course is the price of the Mentor Program. You wouldn't want to fork out all your forex capital into a Program. Unless cost is not in your consideration, you should always find an affordable program. Expensive program doesn't guarantee you become successful traders. I am comfortable with range below $500.

Second,

There must be personal coaching. Some Forex Mentor Program are done through pre-recorded video, some do it in small focus group, others through emails. Know how they deliver the Program before signing up. It is best if you can get one with personal coaching, remember this is a mentorship not a course. You should be guided and allow to participate in your learning. Any Forex Mentor Program which does not involve you in your learning - don't join!

Third,

Mentor's availability. How easy for you to reach your mentor? Join a Mentor Program that allow you to ask or post question anytime of the day with fastest reply. Don't join those Program that only mentor you once or twice a week. Opportunities happen everyday in Forex market, get your mentor show you when and why he trade at the chosen point.

Forth,

The length of the Mentor Program. Do you think one month is enough for you to learn all the techniques and strategies that the mentor spend 15 years on it? Get one with reasonable length or option available for extension at special rate.

Fifth,

You must be comfortable with the mentor's style of trading. Some Forex traders are aggressive, others are prudent. It's just different style, Whichever style he is using, you must be comfortable with it. Don't learn from a Mentor whom you are not comfortable with, you won't go far. Spend some time to know the mentor before you join. The best way to know mentor is to read their reviews.

Just buying a trading system from a vendor, or taking trade from a person who let you watch him trade online WILL NOT make you a successful trader. Just as buying a medical book or watching a doctor perform surgery WILL NOT make you a doctor.

Trading is a skill that you needs to be patiently learned over time. You need a Forex Mentor who will guide you daily. He will steer you through all the obstacles of successful trading. He will give you advice and suggestions that only comes from years of trading experience.

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