A forex coach is a professional trader who teaches beginners how to successfully trade forex. Like a teacher, a forex coach provides basic information and explains concepts vital to understanding the forex market. Forex coaches can potentially shorten the time it takes for a new trader to become consistently profitable.
Forex coaches are also referred to as trading coaches or forex mentors.
Although the concept of getting coached in forex is sound, the quality of coaching can vary wildly. There is no set training or certification that an experienced trader must complete before he or she can market forex coaching services. A trader seeking professional coaching has to research potential mentors carefully before paying for their services. There are genuine forex coaches who can smooth out a learning curve, but there are also people of questionable quality and credentials who charge just as much.
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