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Thread: ForexTrading Apprentice

  1. #1
    C K
    C K is offline Recruit
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    Exclamation ForexTrading Apprentice

    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.
    arunjacob likes this.

  2. #2
    Pharaoh's Avatar
    Pharaoh is offline Sergeant Major
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    Default

    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. #3
    docotor is offline Recruit
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    Default fta

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

  4. #4
    Pharaoh's Avatar
    Pharaoh is offline Sergeant Major
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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.

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