5 tips for finding a trading mentor that you should apply.

Finding a trading mentor will help make your journey easier in learning this activity, as you will benefit from the experience of someone who has already gone through the necessary stages to become a professional.

We know that there is no better teacher than mistakes and personal experience; however, through a mentor you will gain that knowledge and more, to improve your chances of success and become a profitable trader.

Keep reading to learn why you should consider having a mentor, and we also share five tips that will help you find one.

Why do you need to find a trading mentor?

Learning trading on your own is possible; but the reality is that you can save time and many mistakes thanks to what others have experienced. This is why you need to find a mentor, because they can help you reach your goal sooner.

A mentor is a person who has gone through the entire process necessary to become a trader. They have experienced mistakes, lost and made money; and thanks to all of that, they have been able to become a successful person capable of sharing their knowledge in this activity.

However, while having a mentor is a great idea, finding the right one is the complex part. The idea is that the person who helps you in your learning process in trading benefits you and does not harm you. Remember that this business is a personal activity, meaning that your operation depends on your experience, available capital, goals, and financial needs. Your mentor should not tell you what to do, but should guide you on this path and share based on their experience what types of situations they have faced while trading.

For example, a mentor could teach you how to perform a technical analysis of a futures contract or talk to you about indicators. Additionally, they could share reliable sources for continuing to learn about trading, help you avoid scams, or present you with strategies.