Working with a mentor will help you to become a better trader and investor—no matter what type you choose or where you find them. If you're new to the stock market and want to learn how to trade, or even if you're a seasoned trader who's simply stuck in a rut, finding a trading mentor can be the answer.7 sept 2016
How do day traders find mentors?
Day traders can find mentors online and learn from them through live trading chat rooms, videos, and blogs. Day traders can take a look at the real-time trades of their mentors and mirror their actions.26 feb 2019
What do you need to day trade?
Day-Trading Minimum Equity Requirement. What is the minimum equity requirement for a pattern day trader? The minimum equity requirements on any day in which you trade is $25,000. The required $25,000 must be deposited in the account prior to any day-trading activities and must be maintained at all times.
How do I find a good trading mentor?
Get to know them. Ask a question from time to time, but don't overdo it. Then, as you begin to develop a rapport, ask if you could talk in a bit more depth about their trading experiences, whether over a cup of coffee or in an online chat. Remember, not everyone is interested in being a mentor.7 sept 2016
Who are the best traders to copy?
- Richard Stroud.
- Ed Butler.
- Victor Pedersen.
- Teoh Khai Liang.
- Alberto Poli.
Who is the best price action mentor?
LumenDatabase.org
Who is the number 1 forex trader in the world?
#1 - George Soros George Soros is the world's best currency trader. Born in 1930, the Hungarian trader is known for his 1992 short trade on Great Britain Pound (GBP). He sold short $10 billion and netted more than a billion dollars. He is known as the trader who broke the bank of England.
What does the average day trader make per day?
If you pay for your charting/trading platform, or exchange entitlements then those fees are added in as well. Therefore, with a decent stock day trading strategy, and $30,000 (leveraged at 4:1), you can make roughly: $7,500 – $2000 = $5,500/month or about a 18% monthly return.