Experienced traders who help newcomers build their careers, develop useful skills, and avoid common business mistakes for a fee. Having a mentor is essential for a beginner, as this is what can dispel myths about a business that are important to a beginner. For novice traders, a sponsor can also share identified patterns of price movement while answering many new questions.

The role of a mentor is to provide encouragement and guidance for new traders - they can help step you through the process of trading, from beginning to end. Mentors have been an integral part of the trading process for centuries, and there's a reason that hasn't changed.