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Forex Mentoring Verses Teaching Yourself Forex Trading

There are 2 ways you can learn to trade Forex. You can teach yourself, or you can pay someone to teach you. So what are the pros and cons of each option?

The cost. The cost of teaching yourself how to trade is substantially less than the cost of paying a professional Forex trader to teach you how to trade. When you pay a professional trader like me to teach you how to trade Forex, you are paying for my time, and my experience.

Time is a very valuable concept that a lot of people do not fully appreciate. If you are lucky you will get around 80 to 90 years of time on this earth, which is broken down into months, weeks, days, hours, minutes, and seconds. The longer you have been around, the more valuable your time becomes, as you have less of it. Its like a simple supply and demand scenario that you could apply to Forex trading. The more supply the lower the price goes, less supply and the price goes up.

Time. We have just talked about time and the value I place upon it. Now time is just as important to you, as it is to me. If you are a young person then you have a lot of time to play with, so the value of your time, is a lot less than the value of the time of an older person.

If you are young you may not have the money to invest in paying a mentor to teach you how to trade, so you can invest more time, to teach yourself how to trade. It may take you 5 years to learn how to trade correctly. This 5 years of time has a lot less value placed upon it, than 5 years of time of someone in their 60’s. I have just gone 47 by the way. 🙂 So as a young person, you may not have the money to invest in learning, but you have the time. An older person may have more cash at their disposal, but less time. So it would be a more attractive proposal for an older person to pay someone to teach them how to trade.

Experience. When you pay a professional to teach you how to trade you are paying for his experience. I have been trading for over 12 years, over 8 years in Forex, so you are paying for my experience, and of course my time.

When you are teaching yourself to trade, you do not have any experience on day one, but you will have a bit more experience on day 2 and so on. In 8 years time you may have as much experience as i have now. Will that make you a better trader than me? That depends on what you have learned in 8 years. Excuse my French but there is so much crap information out there, and most of it is designed to lose you money. How do you know that you will not spend the next 8 years learning something that does not work?

Summary. By paying a professional Forex trader to teach you how to trade you are buying experience, but more importantly you are buying time. You are buying my time, and you are buying your own time. You know the cost of my time, but how do you value your own time? That is the question. Do you want to spend the next 5 years teaching yourself how to trade, with no guarantee that you will be a profitable trader at the end of it, or do you want to pay a professional trader like me to teach you how to trade now, which will save you valuable time, and give you a guarantee that you will be a profitable at the end of your learning.

For more information on my Forex training and mentoring program please click here.

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