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How to Find a Forex Trading Mentor

Just like any other skill, learning to trade on the Forex market may be a daunting task at times.

If you don’t get the foundations of the market right at the beginning, you’ll likely have a tough time grasping advanced trading concepts down the road.

Many beginners in the market quit trading in the first year, either because they blew their account several times or they didn’t approach the market the right way.

That’s why seeking help from a Forex trading mentor can help develop your trading career.

What’s a Forex Trading Mentor?

A Forex trading mentor should be an experienced trader with the necessary knowledge and know-how to successfully trade the markets. A trading mentor can significantly improve your trading performance.

I remember the days when I started to trade, focusing too much on short timeframes and applying a large number of technical indicators which provided contradictory trading signals.

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If I had had a trading mentor they would have immediately spotted all the mistakes I was making.

My journey to becoming a successful trader would have likely taken less time.

What to Look for in a Trading Mentor?

Forex trading is different from other business endeavours you may take.

Early in your trading career, almost all mistakes you make result in losing money. Experienced Forex educators can make the journey to success a great deal smoother than refusing professional advice and taking the road on your own.

An outstanding Forex trading mentor needs to practice themselves what they teach you. As a professional in their field they should motivate you to become a better trader and be available for ongoing support. On top of that, they should respect your individual psychological traits and cultivate your own trading style.

According to statistics, 90% of beginners in the market lose 90% of their trading capital in the first 90 days of trading.

Follow this checklist to choose the correct mentor:

1. A Mentor Should Trade for Themselves

It’s a prerequisite that a mentor actually practices the skills that they teach you. A Forex trading mentor should preferably be a full-time trader with extensive market experience, someone who trades their own money or manages other people’s money and follows the market on a regular basis.

A mentor who is actually trading on the market knows all the difficulties that a newbie may be facing, such as trading on short-term timeframes, buying high and selling low and overleveraging. If a mentor explains to you the foundations of trading early in your learning process, it will be much easier for you to grasp advanced trading concepts down the road.

There are many scams in the market that try to take the money from people with less trading knowledge and promising success in a matter of weeks. The truth is that trading is a skill like any other – it might take months, or even years, to master trading and become consistently profitable.

Finding a trading mentor who is actually trading themselves is the first prerequisite you need to pay attention to.

2. A Mentor Should Be Successful in What They Teach

There are two ways to become a successful trader:

  1. Learn on your own, spending a lot of time and trading capital to become consistently profitable (bear in mind that only 5-10% of traders have what it takes to become successful on their own – the remaining 90% are losing money!).
  2. To have a Forex trading mentor who is already successful in the market and wants to share with you their trading wisdom

Naturally, you want to learn from a mentor who is actually successful in what they’re doing. Do you really want a mentor who is losing money on the market? I doubt so.

Given the overwhelming amount of trading-related websites that promise “quick success”, it might be difficult to filter the honest offers from the deceptive ones. Look for a mentor who is a professional in the field and has a proven track-record of success.

3. A Mentor Should Be Motivational and Inspirational

Besides being a professional trader, a Forex trading mentor should be able to motivate and inspire you to become a better version of yourself.

Finding a trading setup, managing an open trade and paying attention to risk management is art as much as it is a skill.

Beginners may often feel overwhelmed by the amount of information in the Forex market, or they simply may not have the discipline and patience to wait for a trade setup to confirm on longer timeframes.

A top trading mentor should motivate you to keep learning and to always have the end goal in mind – becoming a successful trader on your own.

4. A Trading Mentor Should Respect Your Trading Style

This is a very important point – your trading mentor should respect your personal trading style and fine-tune their mentoring approach according to your psychological traits.

Not all traders are born the same. Some traders like fast-paced trading environments with many intraday trading opportunities, while others may prefer a more relaxed approach in which trades are taken once a week.

In addition, some traders have more time to spend in front of the trading screen, while others prefer to analyse the market early in the morning/late in the evening to find a setup. Some traders are risk-takers, while others are risk-averse. Whatever your trading style is, a good mentor should be able to identify and nurture it.


5. A Trading Educator Should Provide Ongoing Support

Besides all the points mentioned above, a great trading mentor should always be available to answer specific questions you might have – and there will be plenty of them.

Whether by e-mail, phone, or an instant messaging app, your mentor should be reachable when you need help. Once you grasp the foundations of trading and start taking positions on your own, you should also be able to send potential (or taken) trades to them to evaluate your progress.

You’ll be surprised how much you can still learn in the post-mentoring process.

How to Find a Mentor for Forex Trading?

Even if you’re totally new to trading, chances are you’ve realised that there is a great amount of self-proclaimed Forex “professionals” and trading courses on the internet.

The majority of them are only looking to take your money without providing valuable information in return, so it might be quite hard to find an honest educator who will teach you what it takes to become successful in trading.

A great place to start in the jungle of Forex-related websites is at our community at My Trading Skills. Our community section aims to help students become better traders.

There are market broadcasts run several times a day by a panel of technical experts to help both beginners in the market and experienced traders to find trade setups and to reinforce the approach taught with our trading courses.

The best thing about the My Trading Skills Community is that traders of all experience levels come together to support each other – and it’s completely free for students who have already taken a paid-for course.


My Trading Skills Follow

In our latest article, we explain what Santa Claus rallies are, how they occur, and how active traders can take advantage of them.

�� The VIX index is a well-known and widely-followed index that helps traders measure the levels of fear and greed in the market.

✏️ Here, we’ve covered the most popular VIX trading strategies with a clear description of the entry and exit rules.


My Trading Skills® is a registered trademark and trading name of PMJ Publishing Limited. The material on this website is for general educational purposes only and users are bound by the sites terms and conditions. Any discussions held, views and opinions expressed and materials provided are for general information purposes and are not intended as investment advice or a solicitation to buy or sell financial securities. Any person acting on this information does so entirely at their own risk. Trading is high risk, it does not guarantee any return and losses can exceed deposits. My Trading Skills®, its employees and directors shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein. Trading may not be suitable for you and you must therefore ensure you understand the risks and seek independent advice. The information on this site is not directed at residents of the United States or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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Private Mentoring

“There is one thing more expensive than education, and that is losing money.” Chris Capre

If you want to learn how to fly a plane or hit a baseball, you cannot do it with books, websites or computer programs. To learn any trade or craft, you must study with a skilled teacher or mentor. Only then will your learning truly take flight.

For those that have completed my Advanced Price Action Course (along with the other pre-req’s – see below) and want to get highly tailored training towards their individual challenges and needs, I offer private forex trading mentoring.

To hear what other people are saying about having a private forex trading mentor, please see our testimonials.


NOTE: Before you can enroll in a private forex trading mentoring program with Chris, you must first complete

In addition, you must have completed your trading journal and performance worksheet with a minimum of 20 trades.

If you have completed the above requirements, you can then request an interview for my private forex coaching program.

My prices (Ain’t cheap, but it’s worth it):

1 Session = $399 – 1 hour

4 Session package = $1500 ($104 discount)

8 Session package = $2900 ($292 discount)

Verified Profitable Trader

Hi, I’m Chris Capre, founder of 2ndSkiesForex. I’m a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.

Trade Idea: USDCHF – Looking to Sell Into Corrective Structure – Aug 27

GBPJPY – Volatile Trend in Play, Looking to Sell | May 17

Impulsive and Corrective Price Action Images


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All rights reserved.


NO FINANCIAL ADVICE – The Information on, and any correspondence from or contractors and/or employees of the site is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The information contained in or provided from or through this site is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this site and provided from or through this site is general in nature and is not specific to you the user or anyone else. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON THIS SITE WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. You understand that you are using any and all information available on or through this site AT YOUR OWN RISK.

RISK STATEMENT – The trading of foreign currency, stocks, futures, commodities, index futures or any other securities has potential rewards, and it also has potential risks involved. Trading may not be suitable for all users of this website. Anyone wishing to invest should seek his or her own independent financial or professional advice.

AFFILIATE DISCLAIMER – 2ndSkiesForex will occasionally use affiliate links to link to 3rd party brokerage sites. If you sign up for the service offered by the site, we may receive a 1x fee under specified conditions. 2ndSkiesForex does not receive any commissions from your trading activity with any of our partner brokers. We simply receive a 1x fee for you signing up and funding a new live account under specified conditions.

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