It may well be true that one of the great secrets to trading success in the markets, can be found by following in the footsteps of those who have already achieved success.
It's seldom imagined that something as simple as following someone who knows what they're doing in the markets is the shortest distance to one's goal.
Why recreate and reinvent what has already been created, invented and tested?
New trading methods can always be employed of course.
There is a catch when you wish to trade the markets whatever they may be.
When one tries to learn trading the hard way, that is, without a mentor to help one along the way, we set ourselves up for "learning costs" that are unnecessary and redundant.
By adopting a teacher or mentor of trading, we can bypass a lot of the financial costs of learning along the way. They can save us a small (or large!) fortune.
But, let's move beyond the "cost factor" for a moment and look at an even more precious commodity - Our Time. Why waste it in covering the same ground that's been covered by the successful traders who have preceded us?
What I've been suggesting is nothing more than what we've already done in our lives already. Perhaps we've forgotten that our school system is exactly patterned this way. Mentors, Teachers show us the most efficient path to acquiring the information we need in life and save us the time of trying to gather all this data ourselves. A process that could conceivably take much longer if succeed at all.
With that in view, it's obvious that having a guide is the most efficient (and least costly) way to new knowledge.
So, why do we expect to use a different approach to success when we decide to trade the markets?
Perhaps this response is because most of us have already proven ourselves to be masters of at least one career, perhaps at the Professional level. But, whether a Doctor, Lawyer, Plumber or Farmer; why would mastery of any of those fields produce information or skill that would automatically translate to mastery of an entirely unrelated field?
The facts declare that whatever field we already know or have mastered, that specific expertise will not help us to be successful in the field of trading the markets of this World.
So the pattern is clear with this perspective: Competency requires information and information is best conveyed by a teacher. Mastery requires a Mentor; someone who has successfully traveled the terrain where we need to go.
Trading the Markets. We can learn to do it right and there are some successful traders willing to teach us how it's done.
There are many examples of the success of teaching the skill of trading. One you may wish to research further is that of Richard Dennis and the group of students that became known as the "Turtles". Many of these students of Dennis went on to become heads of the largest trading funds on the planet. Funds worth Billions of dollars.
The success with this mentored group is legend and enormous.
And, the mentoring continues today through market trading masters who are willing to bring along others and teach them the secrets to success that they learned.
I will continue to add names and some deeper insight into trading approaches, list more about them and contact information for those interested in pursuing this path to trading success. That information will be posted and can be accessed through the link at the end of this article.
My first very, very short list of "mentors of trading" is in the Forex Market. I will continue to investigate this market and, when I've completed this list, I'll move on to find the very best in other markets as well.
One of the limitations on searching out these masters of trading is how limited their teaching time seems to be. Many have limited slots available for students as, would make sense, I suppose. Especially when it comes to individualized attention and the time that can take up.
It's seldom imagined that something as simple as following someone who knows what they're doing in the markets is the shortest distance to one's goal.
Why recreate and reinvent what has already been created, invented and tested?
New trading methods can always be employed of course.
There is a catch when you wish to trade the markets whatever they may be.
When one tries to learn trading the hard way, that is, without a mentor to help one along the way, we set ourselves up for "learning costs" that are unnecessary and redundant.
By adopting a teacher or mentor of trading, we can bypass a lot of the financial costs of learning along the way. They can save us a small (or large!) fortune.
But, let's move beyond the "cost factor" for a moment and look at an even more precious commodity - Our Time. Why waste it in covering the same ground that's been covered by the successful traders who have preceded us?
What I've been suggesting is nothing more than what we've already done in our lives already. Perhaps we've forgotten that our school system is exactly patterned this way. Mentors, Teachers show us the most efficient path to acquiring the information we need in life and save us the time of trying to gather all this data ourselves. A process that could conceivably take much longer if succeed at all.
With that in view, it's obvious that having a guide is the most efficient (and least costly) way to new knowledge.
So, why do we expect to use a different approach to success when we decide to trade the markets?
Perhaps this response is because most of us have already proven ourselves to be masters of at least one career, perhaps at the Professional level. But, whether a Doctor, Lawyer, Plumber or Farmer; why would mastery of any of those fields produce information or skill that would automatically translate to mastery of an entirely unrelated field?
The facts declare that whatever field we already know or have mastered, that specific expertise will not help us to be successful in the field of trading the markets of this World.
So the pattern is clear with this perspective: Competency requires information and information is best conveyed by a teacher. Mastery requires a Mentor; someone who has successfully traveled the terrain where we need to go.
Trading the Markets. We can learn to do it right and there are some successful traders willing to teach us how it's done.
There are many examples of the success of teaching the skill of trading. One you may wish to research further is that of Richard Dennis and the group of students that became known as the "Turtles". Many of these students of Dennis went on to become heads of the largest trading funds on the planet. Funds worth Billions of dollars.
The success with this mentored group is legend and enormous.
And, the mentoring continues today through market trading masters who are willing to bring along others and teach them the secrets to success that they learned.
I will continue to add names and some deeper insight into trading approaches, list more about them and contact information for those interested in pursuing this path to trading success. That information will be posted and can be accessed through the link at the end of this article.
My first very, very short list of "mentors of trading" is in the Forex Market. I will continue to investigate this market and, when I've completed this list, I'll move on to find the very best in other markets as well.
One of the limitations on searching out these masters of trading is how limited their teaching time seems to be. Many have limited slots available for students as, would make sense, I suppose. Especially when it comes to individualized attention and the time that can take up.
About the Author:
Why re-invent the wheel when it comes to learning how to trade? Tap into the wisdom of Forex Master Traders and their successful learning how to trade strategies instead of struggling and losing Time AND Money. Locate WHO is available to teach and their learning how to trade techniques. Get a totally unique version of this article from our article submission service
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