Mentor wanted

[GabeMT]

I was reading that some of the members would like to have a mentor but only if they don't have to pay him.
I think that a mentor who is a good trader should be paid for his time.
So if there is a trader who has at least 3 years experiance in FX and who can prove it by brokers' statement and who would like to be paid for his time, please let this forum know.

[MickMason]

Originally posted by GabeMT
I was reading that some of the members would like to have a mentor but only if they don't have to pay him.
I think that a mentor who is a good trader should be paid for his time.
So if there is a trader who has at least 3 years experiance in FX and who can prove it by brokers' statement and who would like to be paid for his time, please let this forum know.

I think you have it back to front here. If you're lucky enough to find a profitable trader even willing to invest his time teaching you how to trade he will want to know first whether you have the aptitude and what it takes to become a trader, and his motive would not be the few dollars being offered, believe me.

Apart from payment for time what are you bringing to the party? What's your background, experience, education, what makes you think you're worth teaching, what makes you think you have what it takes?

Mick

[MickMason]

....I should add, no I'm not interested in the job thanks

Mick

[GabeMT]

MIck, I don't know if your reply is ment to insult or guide. I will assume the latter.
It seems to me that we have a difference in point of view.
I was refering to a few posts that impied that a mentor should guide a learning FX trader for free.
Some people also specify that they have limited funds or it is clear that they are underfunded.
In my opinion, if some one is willing to compensate a mentor financially, it show the seriousness of the person to try and learn how to trade FX.
I agree with you that the future trader/pupil should demonstrate the desire and some ability but to expect a mentor (who has spent time and money) to transfer his knowledge for free is not fair.
As far as you not being interested in the JOB, I was not offering a job, I was looking for guidance.
I still hope that some serious trader would surface.

[Alcira]

I just wanted to point out that you should start off by spending some time reading these forums then after you get to know other members you can privately ask them to mentor you..

[MickMason]

Originally posted by GabeMT

In my opinion, if some one is willing to compensate a mentor financially, it show the seriousness of the person to try and learn how to trade FX.

Agreed, being prepared to invest money in learning any business shows the person is serious about it, but being serious and having the money to chuck at it doesn't automatically mean they will be sucessful, some necessary qualities cannot be learned or paid for.

Look at it form a mentors point of view for a minute. The majority of private speculators are impatient and unwilling to invest time into learning. They want instant profit and expect their paid-for teacher to come up with the goods. Developing the necessary skills takes time, years sometimes, and more times than not it's simply beyond the capability of some people. Who gets the blame when they can't make the grade? The teacher.

Why would a successful trader be bothered with teaching anyone unless they can see that person is worth teaching and has the potential to one day make the grade? Any trader worth paying for mentoring will want convincing he's not wasting his time, giving himself a lot of headaches or being set up to be blamed for another's failure.

Mick

[GabeMT]

Any person who is expecting the mentor to give them a canned solution to wealth would well deserve to lose their money. As well, a trader that will blame anybody but himself for losses is imature to be in this business to start with and I don't think that it is the mentor's responsability to address this problem.

[MickMason]

Originally posted by GabeMT
Any person who is expecting the mentor to give them a canned solution to wealth would well deserve to lose their money. As well, a trader that will blame anybody but himself for losses is imature to be in this business to start with and I don't think that it is the mentor's responsability to address this problem.

In a nutshell you have described the average private speculator's expectations of training courses, signal providers, and mentors, and their view that losses are anyone's fault but their own.

Some popular reasons for loss according to new traders:

Everyone is against me
My broker is moving the price on my platform
I've been snared in a trading trap
My charts are wrong
There's no money to be made in forex

Mick