Everyone knows trading is a very risky business. If
you actively notice the website of any brokerage firm, you must have read the
fair warning that tells you that trading CFDs, Forex and financial instruments
in a leverage medium involves a great deal of risk. Even after having this bold
warning on the website, people are still learning to trade the market by
themselves. They are using free resources to educate themselves and trading
with their savings. This is one of the key reason why rookies in the United
Kingdom are failing to earn money from trading. You need a professional
guideline to secure your investment. Most importantly, you should have the
skillset to find potential trade setups based on low-risk profile. This is
where things become a little bit tricky.
You can’t get into deep of this investment business
within a short period without the help of the professional trader. Just with
the help of a professional mentor, you can expect to trade like a pro trader in
less than a year. So, how do we chose the right mentor? Read this article and
you will get your answer.
Find the successful
Before you start looking for the mentor, you need to
start looking for successful traders. Thousands of traders are claiming that
they can teach you Forex even though they have blown up the trading accounts
multiple times. Never believe in the sweet lies of such people. Look for
successful traders in the social trading networking site and seek their help.
Some of the senior and expert traders often offer trading courses to the naïve
traders since it helps them to earn some extra money. Most importantly it allows
them to have a decent time. Being a successful trader, they don’t have to do
tons of hard work. Some love to enjoy their spare time by teaching new traders.
Search for the top
You can find some great trades by accessing reputed
Forex brokers’ websites like Saxo. Visit
their website here
and you will see that few peoples are posting analysis on the financial
instrument regularly. Follow their technical and fundamental analysis. Assess
their signals and see whether the market truly behaves according to their
suggested price movement. If you feel confident with their trading approach,
feel free to seek help from them. Some of the professional analysts might not
be interested in teaching you the art of trading, but you should never lose
hope. By doing some basic research you can easily find a great mentor who can
give you a clear guideline about this market.
Your mentor must be
an active trader
Some of you might have spent a decent amount of money
trying to learn the art of trading from online mentors. But eventually, you
will have failed to learn anything new since your mentor is not an active
trader. If you want to find a good mentor, make sure your mentor is an active
trader. Unless your mentor has the right skills, they won’t be able to trade
the market profitably. So, chose a mentor who has a proven track record in the financial industry and many years of expirence. Unless the
mentor can provide you verified record of their past trades, you should not
spend money to learn trading from such a mentor.
A good mentor always has a strong online presence.
Before you enroll in a trading course, make sure the mentor has a strong
reputation in the online industry. You should not try to trade with such a
person who is not recognized by any traders in the trading network. A good
mentor who has tons of positive feedback from naïve traders always works hard
to bring change in your life. So, focus on this factor while choosing your