Forex has created a buzz nowadays as a great work from home alternative and also a viable substitute to Stock trading.
Why is it so popular? here are some reasons
- Big money potential
- 24-hour market
- low transaction costs
- not biased to anyone
- low start up
- gain more in less time
While it is a very great investment, the only downside to this that it is not simple to learn Forex on your own. Yes it can be possible, but to what extent? Mistakes learned yourself can be "really pricey".
Your mentor can be a group of people or a person that has one objective, to help you build a strong foundation of knowledge based on theory and experience to become an elite trader in the shortest possible time, though there are many people out there, how would you know that a learning system or mentor is for you?
You have to distinguish the quality information than the scammed ones. Most scammers will give you little information for such a high price.
Reputation in the trading industry I think is a must. Bill Poulos for example, is a veteran in the field of 30 years and has made his learning systems very profitable nd easy to learn.
A proper education in Forex is a must because you are going to deal with money here. Investing in home study courses and other means of information gathering is a good strategy if you want to become a rich trader soon. If you do this, this is money well spent.
It is always better to have someone or some group guiding you in your quest to be a rich forex trader. Past experiences has made views and concepts no book has to offer. They / he can help you :
- Add more than the materials you have used in order to be successful.
- Identify methods and techniques most profitable for you
- Answer your questions to increase to learning progress
A mentor or support group will always be useful, no matter what experience level you are in in Forex. It can save you time and money in trying to do it on your own. You will also realize that you will be more profitable sooner with support rather than doing it on your own.