The hard part really isn’t finding a forex mentorship program. In fact they are a dime a dozen. The tricky part is finding one where there is somebody who actually knows what they are doing. Believe it or not, that’s hard to come by in this day and age.
For example, when you visit a forex forum, you ever notice that most people claim to know a lot but when you look at their results, that isn’t necessarily the case.
What makes forex forum so tough when it comes to learning anything is that most people just don’t know what they are doing. Look at all the threads dedicated to a subject like Stochastics. There is always somebody there claiming to be the so-called expert, but they still are not trading for real money.
For whatever the reason, people just love the bells and whistles that come along with a charting platform, such as stochastics. But eventually they get bored of them because they realize that none of these things work.
My intention isn’t to come down hard on these people. Truth be told, I was exactly like them, when I first started trading.
But as I grew into trading, everything became a lot clearer, and I just knew that these indicators were not helping me in any way. It’s really evident that I fell for all these useless trading systems that were all over the market.
A true forex mentor doesn’t have to come up with any gimmicks using lagging indicators. Almost every trader worth their soul can just look at a simple price chart and tell you where the price is headed.
The reason the successful mentors can look at a basic is chart is because quite simply, that is all the information that is need to understand the market.
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