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Originally Posted by ArnieConan
To answer the original question, maybe it's not necesary, but consider that virtually all successful traders had either training from a professional company such as a fund or they had a mentor. In many cases they had both.
The average retail trader blows out within 6 months. His education is just starting at that point, but he doesn't see it that way. He's been studying and working his butt off and he feels he's come a long way since he began, which may be true, but he doesn't know how long the journey truly is, so he misjudges his abilities and where he is on the learning curve.
A mentor will decrease the learning curve immensely. A good mentor will not promise to make you a successful trader. Instead, he will promise to show you how you can make yourself into a successful trader. Even with a great mentor, there is no guarantee of success.
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Are you saying that without these facilities an ordinary trader is facing almost certain failure?
For those who do not have access to these facilities, would you agree that forums such as Moneytec are an acceptable alternative source of such mentoring?
What advice do you have for ordinary traders, who have committment to learn, but who will not have access to the opportunities you refer to? e.g. what can they try to do or where to find some substitution?
By the way, I agree with your assessment. It's a sad fact.
pk
