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How do mentors/tutors work? How do I know the ones who can be trusted or not?

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asked May 3 in Binary Options by BryanNelson (2,510 points)

2 Answers

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answered May 3 by melisa (3,130 points)

I personally think the best way to know is to get in touch with actual students but also see whether there is conflict of interest.
For example, some services get commission from brokers when a trader LOSES money. This is how their business model works.
Others don't use that model but it's hard to know if they do or not (usually they only want you to deposit with a broker and most often a very 
bad broker).

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answered May 3 by Nit0 (3,260 points)

It's best to use advice of your advisor, who you saw trading, otherwise you'll just have whatever you're lucky to get. And an advisor has to be chosen according to his trading results, not based on empty promises.

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