So you have been able to scour the internet for a suitable Forex mentor program and have found one that seems to meet your needs. You have gotten an online Forex mentor willing to teach you. What is the next step? Like many others, your number one priority should be getting the most value out of your mentorship. You will most likely be paired with a very experienced Forex trader who will serve as a shortcut to becoming a competent and possibly equally qualified trader in a fraction of the time.
Determine your level within the world of Forex trading. This can be done with the help of your FX mentor, who can test you to find out what you already know and what you don’t know. This can save you a great deal of precious time so that you can focus on other aspects of the trade to get the most out of it for the duration of the course.
Always make sure you have a well-defined schedule between you and your FX mentor. It is essential to be in tune with your mentor about when and where your lessons will take place to avoid confusion. Every interaction between you and your mentor must be well planned.
Make sure you approach the learning process with an open mind. Learning to trade is not easy, you may be taught concepts that may seem overwhelming at first, but become more and more manageable as you become more familiar with them. It’s important not to get frustrated if you don’t understand a concept right away, especially if you’re very new to forex trading. Like everything else, learning to trade will take time, patience, and a fair amount of dedication and time. Good Forex mentors know this and will most likely treat you accordingly.
Always keep a journal. Document everything you are learning, in your own words, take notes on everything that you are being taught, make margin notes, as well as comments or even questions you may want to ask in the future. This is one of the best things you can do in a forex mentoring program. Write down as much as you can during your sessions with your mentor. The mind may be powerful, but it is not perfect. There are many things you can forget during the lesson that can be vital to your success as a trader. Soak up as much information as you can, it can’t be understated how important it is.
Never be afraid to ask as many questions as you can. Your mentor is there to make sure you learn as much as possible and will be happy to clear up anything you don’t understand. Make it a priority to properly understand the previous topic before moving on to the next, as the sessions are individual and you are the only learner. This will help prevent things you don’t fully understand from building up, causing you to not be ready by the end of the course.
If you follow the tips mentioned above, you should be on your way to becoming a great trader.