You will realize that a lot of times if you decide to learn from a specific coach or whatever, they will be teaching you a specific strategy that they have been using and been refining on for the longest time. So they are the expert in that methodology and very likely that methodology, that strategy is the one that makes money for them.

But as you would know by now, not every strategy is a good fit for everybody and that’s the reason why usually my suggestion, especially for new traders like yourself, is to try to understand the different aspects of trading first and after you know what you want then you go and look for that particular coach or mentor that specializes in that and learn from it and go deep down.

When you try to go around looking to learn from people, I think the bottom line is that, for me at least for me I’ve been in industry for about 10 to 15 years already, so my bottom line is this, there are some trading coach who advertised and says that within a short how many one month or two months, you’ll be able to make a lot of money.

Generally, I don’t particularly agree with it. Of course, there are people who have talents for trading, very few people might be able to just become very talented trader within a few short months, they can trade very well. But generally, most people wouldn’t be able to do that.

So if there’s anyone who tells me as a new trader myself, if anyone tells me that hey you can become very profitable in just a few short months, I will probably just stay away.

I want to work with a trading coach or mentor who is able to tell me the worst thing about trading and I can tell you is that when coaches say things like that right, they are telling you the truth.

At the same time, they will not be able to attract a lot of people to pay money to learn from them because most people they want to pay money to get easy life which is not the truth in trading, neither is it the truth in anything else that we do.

Interested to receive mentorship opportunities like this with Philip?

Find out more at traderwave.com/innercircle

Philip Teo

Founder & CEO at Traderwave Pte Ltd
Philip Teo is an entrepreneur, speaker and trading coach who specialises in the field of Technical Analysis of the financial markets. He is currently the Founder and CEO of Traderwave Pte Ltd, a financial technology company that offers a web charting application to global traders. He has conducted many trading seminars and appeared on national television before. He is also currently an official speaker and trainer with SGX Academy. Learn more about him at his Google+ Profile, LinkedIn Profile and Facebook Profile

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