Paying for a mentor vs. Elite Trader Forum

[drcha]

Why don't you just do some reading and paper trade. Find a method that suits you psychologically and that you believe in (not one that someone else tells you to believe in) because that is the only method you will really trade (versus giving it up when the seas get rough).

 

[Redneck]

I have been debating within myself whether there is any additional value of paying for a mentor.

One other aspect no one has mentioned

When / if / should..., another trader take you under their wing - there is an emotional aspect involved

Who would want to help another - yet not also want to see them succeed

That takes a toll..., when the one being helped still fails

Not sure any amount of money is worth that


Just something to keep in mind going forward


RN

 

[volpunter]

Then please name them!!!
We are waiting.

You are beyond ignorant yet you keep on spouting this parrot like nonsense.

Really, what's wrong with you?

I can name 5 large funds and 3 institutions that do not pay interns. In fact, one-- the intern pays for the opportunity.

You need to stop posting immediately as you are Ruining every thread you post on.

surf

 

[marketsurfer]

I'll do it for a share of the profits, demo me for a few month's if u want

Can you put up the capital also?

 

[wwatson1]

Can you put up the capital also?

No

 

[volpunter]

do you provide access to live calls via email or message on a 1 week demo basis or so? Anything to establish the least amount of credibility so to speak...

No

 

[wwatson1]

I trade Forex and use 2 accounts, 1 is for short positions and the other long positions.

I make profits from a series of trades long and short, often on the same pair, rather than making 1 trade and either winning or losing in the traditional sense of trading.

So not sure how I would make calls for someone to understand

 

[marketsurfer]

No

No offense but this game is all about money. If you don't have the wherewithall to stake a student with capital to share in the profits-- then what are you offering?

 

[volpunter]

You can post your entries in real time for a start

I trade Forex and use 2 accounts, 1 is for short positions and the other long positions.

I make profits from a series of trades long and short, often on the same pair, rather than making 1 trade and either winning or losing in the traditional sense of trading.

So not sure how I would make calls for someone to understand

 

[wrbtrader]

I can name 5 large funds and 3 institutions that do not pay interns. In fact, one-- the intern pays for the opportunity.

surf

Yeah...me too. Yet, we're in different countries

There are different types of internships associated with student placements into an institutional firm and it really depends on the job placement, credits and work placements association.

1) Some are paid...most likely those requiring long hours and relocation. Also, these institutional firms will often give financial bonus at the discretion of the firm if the intern did something exceptional (e.g. BNP London).

2) Some are unpaid...these students are exploited...often many complaints about such. For example, an intern regularly spends the morning getting coffee/tea/oil fried bread sticks and picking up clothing from the dry cleaners for traders and then only sat in a meeting for 15 minutes with the fixed income traders (e.g. Credit Suisse Hong Kong).

Here in Canada they have ESA rules (something like 5 - 6 explanations for such) for an institutional firm or any other job to consider the intern as an unpaid or paid position. For example, if you're an intern and the firm derives little or no benefit from your position as an intern while you're being trained...its going to be an unpaid internship (e.g. top firm in Montreal...won't name it because I have a relative that works there). Yeah, not nice but the firm tells you upfront and the University associated with the firm understands clearly if you should be paid or unpaid...University makes their decision based upon if the intern training simulates or not the classroom learning environment.

Summary of London, Hong Kong and Canada...it really depends on the University curriculum, intern job duties, type of training, if your internship takes away someone's (potential) job opportunity, benefits to the firm, job opportunity promises and so on that determines if its a paid or unpaid internship.

Choose wisely unless you're ok with doing coffee errands.