Q. Why do so many traders fail?
A. Because they do not have adequate trading capital and the fear of loss is insurmountable. Secondly, they have no experience and thus make poor decisions based on inadequate information.
Q. How can I accelerate the learning process and at the same time minimize the draw downs?
A. By working with a Mentor, one-on-one, your mentor can guide you away from losing trades by pointing out strong indications that may dissuade you from making the trade in the first place. Hence, you do not lose money, yet you gain valuable experience. This played out over the course of a few months, can save the average trader many thousands of dollars and provide an experience level usually only gained after years of trading mistakes.
Q. Can a trading mentor help me avoid losses?
A. No but by working with you to develop strong trading strategies you can trust you can learn to minimize them and become disciplined. Your inner belief system will not allow you to take action if you strongly believe it will cause you pain. Losing trades equate with pain in your subconscious mind, and you must develop a way for winning trades to prove themselves. It is imperative that a trader have faith in their trading system.
Q. What stops most traders from making progress?
A. The complete loss of their trading capital through trading without adequate knowledge or experience usually causes traders to be forced to wait on the sidelines until they are able to again build up sufficient capital to try again.
Q. What is the best way to develop trading experience and knowledge?
A. You'll gain experience and knowledge by trading. Paper trading is a good start to learn the mechanics, but you must trade with real money to truly experience the realities of trading. A mentor can help enormously during this process.
Q. What Can A Mentor Do For Me?
A. Introduce you to unfamiliar indicators and techniques:
- Help you make winning trades, while avoiding losing trades
- Make certain you fully understand a new indicator or trading method and answer all your questions
- Discuss trading ideas without a vested interest in whether you place a trade or not (unlike your broker)
- Point out trade possibilities
- Provide a detailed analysis, including charts and full instructions to enable you to utilize the methods taught
- Teach you to trade independently and confidently