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« Why Do 9 Out Of 10 New Traders Fail? | Main | Trading Is A Life Skill Part 2 »
Thursday
Apr132023

Does A New Trader Really Need A Mentor OrTeacher?

The simple answer is YES! Here's why...

If you want to become a successful trader, there is no substitute for experience. However, not everyone has the time, resources, or risk tolerance to learn through trial and error. This is where having an experienced trader as a mentor can be invaluable.

There are many benefits to having a mentor in trading. First and foremost, an experienced trader can provide you with a solid foundation of knowledge and skills that will enable you to make informed decisions and avoid common pitfalls. They can help you understand market dynamics, technical analysis, risk management, and other important aspects of trading.

In addition to providing you with knowledge, a mentor can also help you develop the right mindset and habits for trading. Trading can be a challenging and emotional activity, and it's easy to get swept up in the excitement or become discouraged by setbacks. An experienced trader can help you stay focused, disciplined, and resilient in the face of these challenges.

Another benefit of having a mentor is access to their network and resources. Successful traders often have extensive connections in the industry and access to advanced tools and data. By learning from a mentor, you may be able to leverage their network and resources to gain an edge in the market.

Perhaps most importantly, a mentor can provide you with guidance and feedback as you develop your trading skills. They can help you identify your strengths and weaknesses, and provide specific feedback and advice on how to improve. This can be invaluable in accelerating your learning curve and helping you achieve your trading goals.

Of course, finding an experienced trader who is willing to mentor you can be challenging. Successful traders are often busy and may not have the time or inclination to take on a mentee. However, there are a few strategies you can use to increase your chances of finding a mentor:

Take our 1 Week Free Trial at MyTradingIQ.com. No credit card required, but you will have access to everything a lifetime member has for 5 consecutive trading days. You can sign up for the trial any day of the week, or even over the weekend. We will personally assist you in getting your desktop set up for the experience. During the Trial you will be able to use our Indicators on the TradingView platform and others as well.

During you Trial you'll be able to chat with our Members who have gone through the exact same training program that you are considering. We have a very vibrant community always eager to answer questions and help you as you begin your journey.

Reach out directly: Call us at 949-42-EMINI or email us support@cfrn.net. We will meet with you for a One on One Session before you even begin the trial.

In conclusion, if you want to become a successful trader, having an experienced mentor can be a game-changer. A mentor can provide you with knowledge, mindset, resources, guidance, and feedback that will accelerate your learning and help you achieve your trading goals. While finding a mentor can be challenging, the benefits are well worth the effort. The Good News is for you, it won't be a challenge. Just take the trial or call.

Be sure to read all CFTC Risk Disclosures and CFRN Disclaimers before beginning the trial.

Does A New Trader Really Need A Mentor Or Teacher?

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