Online Trading Reviews:4 Tips on how to Assess a Currency trading Mentorship Program

One of the things that transformed my trading career was the Fx mentors I had at the beginning of my career. This helped me to learn from the greatest fx traders (folks that had been managing millions) and cut the learning curve to a few months, instead of years.

I read hundred of online trading reviews and I even bought quite a few trading systems nevertheless they usually performed badly. This is when I made a decision that if I was going to get anywhere as a Trader I was going to need to take my financial future on my own hands.

Finding a Currency trading mentor who has the skills, knowledge, and expertise to teach you how to become a profitable trader is critical for success. I had a mentor during the first 3 years of my trading career and I still have mentors in many other areas of my life. Having a mentor is the best and fastest way to become the trader you want to be and capture the profits you always wanted.

In this article I will be teaching you 4 easy ways to evaluate any mentorship program or one on one Forex education on the internet or offline.

Full-time Forex traders & market experts make the most efficient mentors:

When you need to solve a problem you go to a specialist. When you break a leg you go to a doctor, when you need legal counsel you visit a law office. It is precisely the same for Foreign currency trading. Most full-time Fx traders do not care to teach others how to trade because they already achieved success and do not want to share it.

They are a few full-time Forex traders and trading experts who want to make a difference by transforming other people’s lives and leading them to success. These are the kind of currency traders you want as your mentors. However, these are the hardest to find because they usually do not want to teach others how they do what they do. My advice to you is to find a mentor who trades full-time and that has his very own trading strategies.

Find a mentor who has availability:

This sometimes might be hard to find. Most Fx mentors only take a few mentees each year. That is why it is really hard to get in with the big boys and have them coach you on how to trade.
In my case, I learn from an institutional speculator who did not even offer a mentorship program and the only reason why he mentored me was because we were really good friends.

A mentorship program MUST offer you with a full-time mentor:

I have seen several online courses and trading systems that are named “Forex mentorship” or “Forex mentor” but the reality is that NO mentor is really coaching you. When you choose a mentorship program make sure you will actually get 1 on 1 coaching, not just a course and a set of videos.

It’s free to inquire and ask questions:

when you are choosing a mentorship program you need to ask questions, get an overview of the program, and learn about how the program is conducted and can help you succeed in the markets.

Taking action is extremely important:

It is true that having goals and ambitions is important but without action your time and energy will be ineffective. One of my favorite quotes is “There is nothing more common than a talented individual without success”.
So many people are very talented (and in my experience anyone who is trying to trade Forex is usually very smart) but they do not succeed as traders because they don’t take action when an opportunity knocks at their door. My advice is to take good opportunities when they come your way, don’t wait or the opportunity might be taken away from you by somebody who took action on time.

People have mentors because is the simplest and surest way to be successful on anything you are trying to accomplish. Warren Buffet has Ben Graham as his mentor; Michael Jordan had Phil Jackson as his mentor. The most successful people in our society identify the powerful edge they can get by having a mentor.

I hope that you now have a better idea of why is important to have a Forex trading mentor and how to find the best mentorship program with the best online trading reviews.

All the best,

Jay Molina
Pro Currency trader & Mentor