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ForexTrading Apprentice

Discussion in 'General Forex Talk' started by C K, Aug 14, 2011.

  1. C K

    C K Recruit

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    Hi,I'm new to forex trading.Have been using a demo a/c and like most newbies,made money and then lost some too.Am looking forward to being mentored by a full time forex trader.Anyone out there willing to help out?Am also willing to share profits?
    Thank you.
     
  2. Pharaoh

    Pharaoh 1st Lieutenant

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    Be careful asking questions like this. Forex mentors who want to charge a lot of money and/or want a cut of your money (via IB commissions or % of profits) are common. Successful full time traders with enough time to properly mentor you are rare.

    Why should you worry if they are your IB? Simple - they get a cut of the spread on every trade. This gives them a financial incentive to convince you to over-trade your account.

    Why should you be cautious about them wanting a cut of the profits? They may decide to take high risks with your money. If it goes badly, they've only spent a little time. If it goes well, they get a cut of profits . . . until the day that it goes badly.
     
  3. docotor

    docotor Recruit

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    fta

    Hello,
    I bought their robot, and it doesn't bring any profits, so don't trust to them.
     
  4. Pharaoh

    Pharaoh 1st Lieutenant

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    I'm fairly sure the guy who started this thread was asking if he could be an apprentice to a forex mentor, not about a specific company with a name including apprentice. :p
     

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