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Hi, I recently found a trading mentor. He recommended that I learn to trade with Ray Compass FX, which calls itself an institutional trader. I wanted to know if anyone studied with him and recommends him. I have my doubts and I'm a bit lost. I'd appreciate some advice. Thanks.
Because he is a mentor I met in a community, I don't pay him anything and he helps us sporadically, he is still learning and said he is going to study with Ray from CompassFX and he recommended me to go with him.
You nailed the logic flaw that protects traders from scams.
A real mentor teaches their own curriculum. Outsourcing core content to a paid third party signals one of two problems: either they lack the expertise they claim, or they're running an affiliate funnel where your spending matters more than your learning.
The incentive misalignment is structural: if they profit when you buy courses or use specific brokers (IB deals), your success becomes secondary to their revenue stream.
Key red flags beyond this:
Required third-party purchases to access mentorship
Lifestyle marketing instead of process, risk management, journaling
Legitimate mentors show transparent pricing, teach process over promises, encourage starting in sim, and can demonstrate their edge through broker-verified results or forward-tracked logs.
Bottom line: follow the incentives. If a mentor profits when you spend more or trade more, they're not aligned with your success.
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