Trading mentor. Necessary or not?

[1time]

Does anyone have any experience working with a trading mentor? Is it recommended that I get one? Would love to hear your advice. Thanks!

[Soultrader]

	Quote:	1time
	Does anyone have any experience working with a trading mentor? Is it recommended that I get one? Would love to hear your advice. Thanks!

Necessary? Not really. Recommended? Most definetely.

Finding the right mentor is very important as well. In my trading career I have had a total of 2 mentors. You take what fits your style, tweak it, then create your own trading style. My first mentor relied heavily on moving averages, fibs, and identifying key price levels. My second mentor was a pure tape reader in combination with market internals.

I have combined both styles to form my own. This is something you can not do while learning on your own. Depending on where you live it may be hard to find a mentor. There are plenty of subscription based chat rooms. I dont know the quality of them but I am sure if you take the free trial offers you may find a mentor you like. Also if you ever have a chance, work for a professional trader for free. Eventually he may even back you up on your initial stake.

[1time]

Thank you. Do you have any recommendations for online trading courses? Most of them cost thousands of dollars which is beyond my current budget. Is there any mentoring program that is within a reasonable price range?

[ES]

I'de say invest the money to get a mentor. As long as you learn from him it's money well spent. 1time, what markets are you trading? Different mentors specialize in different products.

[Marlon]

Mentorships, seminars, and classes are too pricey for me. Any other alternatives ?

[luke24.5]

	Quote:	Marlon
	Mentorships, seminars, and classes are too pricey for me. Any other alternatives ?

You will pay a price to learn trading. It's just a matter of who you pay it too.

The most expensive way is to trade real money without a proven system. By proven, I mean one that you have proven you can work on a simulator.

Still, there a lot of wolves in sheep's clothin out there.

I study in Bill Duryea's room when I'm able. Not the greatest communicator but an excellent ES trader who virtually never has a losing day. A full-time studen could probably learn enough in 6 months to a year to trade successfully.

Cisco Futures' home study course would be great if you have a FT profession.

[Bull run]

Could you list the link to Bill Duryea's room? I am not familiar with him but would love to check it out. Thank you

[Soultrader]

I have spent some time in Christine Grace's trading room in the past. She used to hold a trading channel at the Market Vu Show. She has now moved and holds a trading room with Alex Benjamin who is well known for his expertise in market profile. Her website can be found here: www.bestrades.net.

[luke24.5]

	Quote:	Bull run
	Could you list the link to Bill Duryea's room? I am not familiar with him but would love to check it out. Thank you

http://www.instituteofauctionmarkettheory.com

Hope this helps.

[Bull run]

Thank you very much. I will definitely sign up for the free trial and see what it is like.