As an aspiring trader, we all want to do our best to learn how to trade. However, despite the ways of learning the trade, it can be difficult and expensive, especially if you plan on getting a forex mentor.

Many newbies aren’t aware of how a forex mentor can help them. Most of the time, they shun the idea immediately, especially if a forex mentor can cause them a great deal of money. If you are one of these few students who are contemplating getting a forex mentor, then we might just have the article for you.

Down below are some of the PROs and CONs that you need to consider when getting a forex mentor.

The PROs of having a Forex Mentor

1. One on One Mentorship

One of the PROs that you can get from having a forex mentor is one on one mentorship. It means that you are the only student they would have. You can have their full attention on teaching the basics, the techniques, and strategies that you need to learn to make a good trade.

1. Your firm supporter

Another pro of having a forex mentor is that you have someone who can understand your situation. They can help you with any problems or struggles that you meet along the way. They can help boost you emotionally as well as mentally. With their experience, they can tell you some of the best advice. This is because your struggles were once theirs, too.

1. Inspires you to do better

Lastly, they inspire you to achieve your goal, especially financially. Most forex mentors are rich, mainly because of their successful trades. As a student, we all want to have the same future with our mentor. Because of this, we strive to do better in trades to slowly rich financial freedom 

The CONs of having a Forex Mentor

1. They are Expensive

One of the cons of having a forex mentor is that it can be expensive. You need to pay for the time they have spent teaching you the basics. It is very much like going to school. You will have to pay for some of the books, podcast, etc. if can find a mentor who can teach you for free, then you might not be able to learn some of the important things about trade

1. You become too dependent on them

Another con of having a forex mentor, you become too dependent on them. Although it's not their fault, sometimes we depend too much on their take when it comes to trading. Having a forex mentor is good but we must learn the strategies. Your mentor is only there to assist you when you need them and not with every decision you make.

Having a forex mentor have its own pros and cons. However, it's up to you to decide wisely whether or not you should be getting one. If you wish to get a forex mentor, make sure to visit Asia Forex Mentor to get the best and reliable mentor for your needs!