In recent times, many people are passionate to start their career in trading but they forget to understand that trading is a risky business and you will have the chance to get success or failure or even both at a time. But most people underestimate the value of a mentor that is the main reason they get failed in their trading business. A good mentor has great years of experience and they can guide you about every valuable insight of the trading business.
Here are five things that you should know about a trading mentor:
Mentors can reduce the failure:
Only two paths can help you to achieve wisdom in your trading career, one is to make mistakes and learn from them or the second one is to learn from the mistakes of others. A good mentor has already earned year-long experience in both success and failure and they can safely guide you through your trading career. Although, if you decide to work alone then you will encourage more challenges and problems. Taking the help of a mentor can reduce your failure.
Choose a brutally honest mentor:
“Every kid needs a mentor. Everybody needs a mentor,” said Donovan Bailey, a retired Jamaican-Canadian sprinter. He once held the world record for the 100 metres.
If you ask for feedback from your friends or family members then they will think of not hurting you and will not be completely honest with you. But a good mentor will be brutally honest with you. They will track all your performance and will provide you feedback about the part of areas you need improvement. Well, learning from your mentor will help you to stay honest and dedicated to your work.
Mentors build confidence:
Well, starting your career in a trading business will let you experience a lot of uncertainty and challenges in your path. This happens to every new person, they will face both success and failure. Some people will be able to cope with such uncertainty but others can’t. A successful mentor can offer you different ways and tricks to overcome any uncertainty and help you to build your confidence too.
Learn from your mentor’s experience:
Taking the help of a mentor who already has deep experience in your related industry can offer you great knowledge to succeed in your trading career. Working with a good mentor will help you to improve your strengths and also you will earn the skill to tackle your weaknesses. It’s important to understand that experience can’t be bought, it is earned.
Stay away from bad mentors:
Well, selecting a mentor requires good research and knowledge. Stay away from frauds and scammers who are eagerly waiting to do fraud. Find a mentor who is legit and has decent years of experience in the trading industry.
Certus Trading is a trading education company founded by Matt Choi. Certus trading reviews offer practical trading education that can achieve consistent winning results. The programs emphasize strategies that work across multiple asset classes.
