Online Trading Reviews:4 Ways to Evaluate a Forex Mentorship Program

One of the things that transformed my trading career was the Fx mentors I had at the beginning of my career. This actually also allowed me to learn from the best traders (folks that had been managing millions) and cut the learning curve to a few months, as opposed to years.

I read hundred of online trading reviews and I even purchase several trading systems nevertheless they usually performed poorly. This is when I decided that if I was going to get anywhere as a Forex trader I was going to have to take my financial destiny on my own hands.

Finding a Fx mentor who has the skills, knowledge, and expertise to teach you how to become a profitable trader is crucial 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 surest and fastest way to get to be the trader you want to be and capture the gains you always desired.

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

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

When you need to fix a problem you go to a professional. When you break a leg you go to a doctor, when you need legal counsel you visit a law office. It is exactly the same for Forex trading. Most full-time Fx traders do not want to coach others how to trade because they already achieved success and do not want to share it.

They are a few full-time FX traders and trading experts who would like to really make a difference by transforming other people’s lives and leading them to success. These are the kind of Forex traders you want as your mentors. On the other hand, 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 own trading strategies.

Find a mentor who has availability:

 This sometimes might be hard to find. Most Currency trading mentors only take a few mentees every year. This is why it is really hard to get in with the big boys and have them teach you 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 very good friends.

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

I have seen many 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 selecting a mentorship program you need to ask questions, get an breakdown of the program, and learn about how the program is conducted and can help you succeed in the markets.

Taking action is essential:

 It is true that having goals and ambitions is important but without action your efforts will be useless. One of my favorite quotes is “There is nothing more common than a talented individual without success”.

Many people are really talented (and in my experience anyone who is trying to trade Foreign exchange is generally very intelligent) but they do not do well 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 someone who took action on time.

People have mentors because is the simplest and best way to be successful on whatever you are trying to achieve. Warren Buffet has Ben Graham as his mentor; Michael Jordan had Phil Jackson as his mentor. The most successful folks 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 extremely important to have a Forex currency trading mentor and how to find the best mentorship program with the best online trading reviews.

Best wishes,

Jay Molina

Pro Currency trader & Educator