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You’ve reached the right spot if you aim to find a crypto mentor and begin your trading journey. And here are ways to find a crypto trading mentor.
Finding a crypto trading mentor
Join Online Crypto Communities
Joining online communities and forums dedicated to crypto trading can be an excellent starting point. Platforms like Reddit, BitcoinTalk, and specialized trading forums often have sections where traders seek or offer mentorship.
Attend Conferences and Meetups
Physical and virtual cryptocurrency conferences and meetups can be goldmines for mentorship opportunities. These events often attract experienced traders willing to share their knowledge and insights.
Here are some Blockchain conferences lined up for 2024:
- Blockchain Life 2024 – Dubai, UAE.
- Bitcoin 2024 – Nashville, USA.
- Devcon – Southeast Asia.
- ETHDenver – Denver, USA.
- WOW Summit – Hong Kong.
- Crypto and Digital Assets Summit – London, UK.
- NFT NYC – New York, USA.
- Paris Blockchain Week – Paris, France
Social Media
LinkedIn, Twitter, Telegram, and other social media platforms are home to many experienced crypto traders and mentors. Follow individuals with a strong track record and engage with their content. This can lead to connections with potential mentors.
Use Mentorship Platforms
Some platforms and websites are dedicated to connecting mentees with mentors in various fields, including crypto trading. Examples include MentorCruise and Tradimo.
Attend Webinars and Workshops
Many experienced traders conduct webinars and workshops on cryptocurrency trading. Participating in these events and meetups can help you identify potential mentors and assess their teaching styles.
Leverage Your Network
Reach out to your existing network of friends, colleagues, or acquaintances involved in cryptocurrency trading. They may know someone willing to mentor you or can provide valuable introductions.
How to choose a crypto trading mentor
Analyse his track records
You just met a potential mentor, check his previous results.
Many crypto traders often post about their analysis on their social media page. You can go there, cross-check their analysis with how the market played out and find consistency in their predictions and the results.
What kind of person is he ?
During initial interactions with a potential mentor, assess whether your personalities, trading philosophies, and goals align.
What is his trading style ?
Is he a day trader or a swing trader? A day trader opens and closes crypto trading positions within a day and takes advantage of the daily market volatility to make small bites of profit. A swing trader’s position can last up to a week.
Based on your goals, are you likely to be a swing trader or a day trader?
Can you give him something in return for his help ?
There are different kinds of relationships. Some, you need a form of incentivization to get the best out of and some you don’t.
When you find a potential crypto trading mentor using this guide, you have to be sure you can give back something in return if the relationship requires it.
How to convince a mentor to help you
Reach Out and Introduce Yourself
Once you’ve identified a potential mentor, don’t hesitate to reach out. Craft a polite and concise introduction, expressing your interest in mentorship and briefly explaining why you believe they would be a suitable mentor for you.
Provide him value
Don’t come on his dm begging for help. Give him something he needs
Show you’re worthy of his time
A wealthy trader doesn’t have time to waste.
So you better show you’re a disciplined person with high standards. Show your work,
