الأحد، سبتمبر 20، 2009

How to Choose a Forex Mentor Program That Suits You?

Forex Trader vs Forex Marketer
There are plenty Forex Mentor Programs online, be aware that not all
Mentor Programs are run by real Forex Traders. A Forex trader trades
for living. A Forex marketer sells for living. Who do you want to
learn Forex trading from? Most Forex marketers don't trade, they
mainly build beautiful websites to sell you Forex related products,
secrets or automatic forex system to make you rich - don't fall for
such hype. Some Forex marketers trade, they learn strategies from some
gurus then they will sell it as their strategies. Any experience
trader would tells you Forex is not about strategies only. After you
have filtered off those Forex marketers, how do you assess a good
Mentor Program?
First,
Of course is the price of the Mentor Program. You wouldn't want to
fork out all your forex capital into a Program. Unless cost is not in
your consideration, you should always find an affordable program.
Expensive program doesn't guarantee you become successful traders. I
am comfortable with range below $500 and i got one which cost less
than $200.
Second,
There must be personal coaching. Some Forex Mentor Program are done
through pre-recorded video, some do it in small focus group, others
through emails. Know how they deliver the Program before signing up.
It is best if you can get one with personal coaching, remember this is
a mentorship not a course. You should be guided and allow to
participate in your learning. Any Forex Mentor Program which does not
involve you in your learning - don't join!
Third,
Mentor's availability. How easy for you to reach your mentor? Join a
Mentor Program that allow you to ask or post question anytime of the
day with fastest reply. Don't join those Program that only mentor you
once or twice a week. Opportunities happen everyday in Forex market,
get your mentor show you when and why he trade at the chosen point.
Forth,
The length of the Mentor Program. Do you think one month is enough for
you to learn all the techniques and strategies that the mentor spend
15 years on it? Get one with reasonable length or option available for
extension at special rate.
Fifth,
You must be comfortable with the mentor's style of trading. Some Forex
traders are aggressive, others are prudent. It's just different style,
Whichever style he is using, you must be comfortable with it. Don't
learn from a Mentor whom you are not comfortable with, you won't go
far. Spend some time to know the mentor before you join. The best way
to know mentor is to read their reviews.

Achieving Financial Independence with Forex: http://www.pipomavens.tk/

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