Sunday, July 13, 2014

Freebie Trading Explained part 2....Finding the right Mentor

We have already discussed how to find a good forum, Now that you have, here are some tips to finding a good mentor. Your mentor will be the person who helps you get started, answers your questions and basically guides you through your first few steps into trading.
Once you have joined a forum, or even before if you like, make sure you read the rules of the forum. These are important, some rules have severe penalties if they are violated. Then start getting familiar with the forum, make an introductory post in the welcome section, most forums have one. Just say hi and if you feel like it, a little about yourself or why you chose to do freebie trading. Ok, you have broken the ice and introduced yourself, now what?
Now you start looking for that mentor. Some forums will assign a mentor to you, others will not. You do not have to accept this mentor, you can request another or find one on your own. No matter which way you go, you want to make sure that this person has your success in  mind.
You want to find someone who is willing to work with you, that you can feel comfortable working with. Look through the posts in the Resource section of the forum, most forums have one near the introductory section. Read some of the posts, doing this will get you started on learning as well as get a feel for the traders on that forum. While reading the posts, look at who the originator is of that post. You want to find a few posts that are by the same person and are written in a manner that helps you to understand what they are talking about. You also want to check their TR or Trade Rating, the higher the TR the more experience they have.
Some forums have a post limit before you can PM or Private Message a trader, so you can either make the necessary posts or you can reply to a trade thread. You will find their trade threads in the Trading section, under Cash4Ref trading. They have posted threads there to advertise to you what they have to offer, whether it be sites, instruction, etc. When you find one that you think will help you, reply in the trade thread that you are ready to start, or just ask a question. Always ask questions.
Remember, that you are not obligated to trade with any person until a trade agreement has been made. So if you find yourself uncomfortable with someone, find someone else to trade with. Always do one trade at a time. Do not let any trader tell you that you have to do more than that. One at a time is fast enough when you are starting. When I started I earned $110 my first night doing one trade at a time with a wonderful mentor. Never work with more than one trader at a time, this can cause confusion and problems along the way.
Once you have found a trader to work with I recommend that you do a couple of trades with that trader unless you are not comfortable. By doing a couple of trades with one person you will learn better and be more confident when moving on to other trades. My mentor was so good I did my first 10 trades with her. I hope you find a mentor like she was. Good Luck and Happy Trading.

Up Next: Starting the Trading Process.....

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