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I have been doing research on this subject, and for three days I keep entering sites that are supposed to have what I am searching for, only to be discouraged with a lot of scammers calling themselves mentors online and on social media like telegram and whatsapp. I think if I wanted to get started with stock trading I would love to get some kind of mentorship training from the Nucleus service run by Kyle Dennis, I am inspired and encouraged by his returns over the years. I want to precisely ask if there is a training free for starters?
Great question – I actually created an entire post full of free resources for individuals looking to learn from Kyle Dennis. He offers a ton of valuable content through his blog, but of course, his premium programs are much more structured and offer better support. I hope that helps!
These are really the juggernauts of stock trading membership services. These guys put in the effort, hard work and consistency required for one to be able to achieve great results under the mentorship of established stock trading experts.
I find the Traders Council most appealing because I like it when a person tries to recreate their success by applying almost the same strategy that got them their initial success. So, with the way Jeff started the small account challenge and has already recorded cool profits in 2 months, I can easily tap into that strategy.
Another thing is the convenience and time management allowing people who have other full-time jobs to be able to learn something and also apply the trading skills acquired and also record profitable trades. It speaks to me more than Nucleus and Millionaire Roadmap.
Personally, I’m not fond of stock trading, even if I get the greatest mentor. I do not have the time, and I’d prefer to go with value investing for the long-term. Even better, I prefer Index Funds that allow me to follow the whole stock market, instead of trying to beat it.
I will check out each mentorship program further, thank you…I have a question, do they have any plans in the works for offering intraday signals, or, some kind of managed accounts? It’s simply a matter of not having enough time, although I may need to make time for something like this, if i want to change my financial future. I know managed accounts are common in forex,(MAM,PAMM accounts) (copy trading), but I don’t know if it’s allowed in stock trading. It always comes down to ‘who can you trust’.
These mentorship services are educational programs and do not offer managed accounts. The only accounts these mentors manage are their own. What they do on a daily basis is teach members how to scan for potential setups, perform research, and execute trades that fit your own personal risk-reward. They do send out trade alerts to share their ideas so that members who can’t be at their computers all day can keep updated as to what they’re doing, but it’s not a good idea at all to blindly copy these trades in my opinion. That sort of approach rarely, if ever, works out. It’s all about digging into the educational material (video lessons, webinars, Q&A sessions, etc.) and applying concepts on your own, while developing the proper temperament and discipline over time. This sort of approach establishes personal accountability for your trading results and typically provides members with a much higher probability of becoming self-sufficient, consistently profitable traders in shorter periods of time.
I think if I wanted to get started with stock trading I really need some kind of mentorship.
Kyle Dennis seems to know what he is doing and it’s a great thing that he does share his experience with others.
I too find transparency is very important. To look at Kyle’s screen while he works and see the live results must be very helpful for new and intermediate traders.
Of course I’d need the necessary cash to start with. How much do you think is a minimum cash to start with?
Hi Stefan – you make some great points. It’s extremely difficult to find success in the stock market completely on your own. When people try to do that, it typically results in a ton of boneheaded mistakes and can cost them quite a bit of money in losses in the process. It’s typically worth it to join a solid mentorship program, learn from experienced traders who have been in your shoes at one point, and be able to avoid those costly mistakes. Of course some mistakes will still happen – trading is a constant learning process that involves adaptation and discipline. But there’s definitely immense value in watching an experienced, full-time trader who has made nearly $5 million in the markets go through the motions every single day on a live stream. There simply aren’t many traders and/or trading educators out there willing to be that open and transparent about their process and results.
As far as cash required to start, it truly varies from person-to-person and it’s completely up to you. Every single person has their own unique financial situation. But the truth is that it doesn’t take any cash to start learning thanks to paper trading platforms. Many brokerages offer them these days. It’s essentially a demo account that allows you to practice trading strategies risk-free. It’s a great way to log screen time and gain the valuable experience required to ultimately be consistently profitable as a trader. When it comes to trading with a real money account, the consensus amongst most traders is that somewhere in the $2,000-5,000 range would be the minimum. Trading with a smaller account is extremely difficult due to commissions eating into a larger percentage of potential profits. Take care!