Thank you again, for your interest in my research work!
I completely agree with you about the difficulty of choosing the right person for the mentorship task. Most of the people, in this industry are qualified and some of them have the optimal qualifications.
Please find below a short introductory explanation, which could bring some light into this matter!
1.Mainly, you should look for the professional credential records of these teaching people. If they are not registered with the National Futures Association (NFA), controlled by the US Government, and have not the title of Commodity Trading Adviser (CTA), they can’t legally advise anybody in Futures trading. In spite of this, there are many non-CTA trainers who teach, but only educational trading topics.
2.The mentor should preferably be, not only a successful trader but also a trading adviser, ready to consecrate his everyday activity to the continuous study of the markets. Some would call them… The eternal student of the markets !
He/she should also keep up to day, in new trading techniques, so he can improve even more his consistency. This is best done by publishing his research work in well known, very serious technical magazines, like TASC magazine (Technical Analysis & Stocks & Commodities) and Futures magazine.
The trainer should preferably belong to Market Technicians Association (MTA) a very professional organization, which maintains high standards for the science of Technical Analysis.
3.The fees for Mentorship vary, depending on the amount of work:
-On daily basis (8 hours/day) the fee is between $1200 and $1800, which is the amount of an usual Seminar (average about $1500),
-On long-range mentorship, 6 to 12 months, done by E Mail correspondence or phone, the fee is about $1800-2000 a month, including the handouts or any charts. It means an assiduous daily correspondence and replies to all student’s enquires.
Dr Mircea Dologa, MD, CTA, MTA affiliate