Mark Thomas offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: Benefits of A Forex Mentor Author: Mark Thomas Category: Currency Trading, Wealth Building Word Count: 429 Keywords: forex mentor, trading plan, novice traders, experienced trader Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
A forex mentor can be a very valuable asset for novice traders looking to fast-track their development and knowledge. They can dramatically speed up the learning process and give practical trading advice that reading alone won't provide. While most people can see the general benefits of using a forex mentor, they are not always aware of all the different ways that they can improve a trader's level of experience. A forex mentor is essentially an experienced trader that is willing to pass on their knowledge and experience to others. Obviously not all traders are willing to coach others as they are usually busy enough with their own career. However there are still a number of individuals who treat the training of novice traders as an alternative career choice and are willing to pass on their expertise. There are some clear areas where a forex mentor can provide significant benefits to inexperienced traders, such as: Resources An experienced forex mentor will be able to show you the various tools that they use as part of their overall trading day. This should include practical demonstrations of any resources used and the software that they use to assess possible trades. This may include charts, triggers, and news services. Decision Making Being able to see how a trader thinks is one of the valuable things that you can learn from a forex mentor. They will explain what details they look for when considering potential trades and also demonstrate the specific indicators or charts that they use. They will also be able to explain the individual processes that they go through when deciding on whether to enter a trade as well as an expected time frame for it's completion. You should also learn what issues need to be considered for exiting a trade and maybe stopping a loss. Plan Development An experienced trader knows the importance of developing and sticking to a clear trading plan. It provides discipline and structure so that you can trade with increased levels of confidence. A forex mentor will be able to demonstrate the various aspects of a trading plan so that you can develop your own personal plan and work towards goals that are relevant to your individual circumstances. Trade Management Learning the practical skills to properly manage your trades will become a major asset as you move forward with your trading career. Your trainer will be able to explain the steps needed to record, analyze, and review all your transactions to ensure that you are proceeding in an appropriate manner. This will assist with managing relevant risk factors and keeping control over you potential exposure. Mark Thomas is the creator of Trade on Track - a secure web-based application that allows traders to track, analyze, and improve their trading. Visit http://www.tradeontrack.com for more information on how to take your trading and profits to the next level. ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
