Money Magazine » Foreign Exchange Trading » Forex Mentor

In this article I’m recommending you Peter Bain’s Forex Mentor training course. 

Many of you tried different Forex Robots, Expert Advisors, but the truth is that you must learn how to trade Forex, you must learn how to make your transactions on Forex Market if you want to succeed as a Forex Trader, and for that you need a great mentor.

Forex Mentor will teach you the trading principles for the Forex market and provides a foundation for creating some real wealth with the help of an excellent support and mentoring team.

Forex Mentor is a Forex Trading Course and mentorship program that actually works. What makes Forex Mentor such a great product for you is the sheer volume and quality of the content as well as the very generous support provided for the product.

First let me outline what comes with Forex Mentor:

1. Course Instruction Manual (Trading Like The Big Dogs) – Most of the course content is provided via video while the manual introduces the content and provides cross references to the relevant sections of the disks. The cross referencing provide a well organized structure to the course.
2. 2 DVDs of Peter Bain teaching his methods in a Forex seminar. Seminars like these typically cost far more than the price of this package alone to attend live. This is raw footage is like being in the seminar but without the cost.
3. 10 CDs containing 20+ hours of video clips teaching the various concepts required to succeed in Forex trading. (Want to see what’s on these discs? Forex Mentor table of contents (PDF))
4. 1 CD of Basics. This disc contains video presentations walking you through the basics for those who are new to Forex and still wondering what a currency pair or pip is.
5. 2 CDs of Commitment of Traders report (COT). This is a very valuable set of information that I have not seen presented in any other course I’ve reviews thus far on trading Forex in the spot market. He teaches you how to look at forward contract information to help predict where the spot market is going.
6. 4 Months Access to mentoring membership site. This is an incredible value in itself. When you get your product you’ll learn there is 150+ hours of additional video in the member’s video library. (When members have questions he often answers in the form of video and makes the video available to everyone)
7. 30 Day Money Back Guarantee. Peter Bain stands behind his Forex Mentor product because it’s worth standing behind.

Forex Mentor not only has a huge volume of information, but the information he provide is top notch. Peter Bain’s central strategy is his unique twist on pivot point trading that has proved to be quite effective.

If you’re not familiar with pivot point trading it’s basically a method for using support and resistance levels to predict direction changes in the market. But don’t think it’s just a support and resistance concept. Pivot point trading is far more than that and is a methodology all on its own with very precise and objective calculation methods which make using them straight forward once you know what you’re doing.

Although pivot point trading has been around for some time, Peter Bain’s unique way of using them in his Forex Mentor course is something I have yet to see elsewhere and have found it to be a valuable addition to my trading arsenal.

For me personally, one of the most interesting parts of the Forex Mentor course was presentation of the Commitment of Traders report (COT). I have NEVER seen this material presented anywhere else in the retail Forex world. As a result I found this to be one of the most valuable pieces of information in the course and is well worth the price of the course alone.

Most retail Forex traders are trading in the spot market. This means they are trading currency at their current price. The futures market on the other hand is where futures traders’ trade currency (and other commodities) based on what they feel the future price will be. This is the essence of a forward contract you may have heard of.

In the USA the CFTC tracks and records all positions taken by traders in the futures market. The COT report is where this information can be found. I’m sure the value of this is probably coming on like a light bulb right now! The futures markets are dominated by institutional traders and reflect what they think the future prices of currencies are likely to be. You’re trading with today’s prices and they’re anticipating tomorrow’s prices. This is a potential gold mine if you know what to do with it!

Unfortunately, unless you’re a very skilled currency futures trader, the information in this massive data report is not going to be of any value and would likely be used incorrectly without proper guidance. Fortunately the Forex Mentor course gives you this guidance and helps you make the most of the COT in your trading plan.

The member’s only website, which you get access to for 4 months, is where your mentoring happens. Questions are answered on a daily basis and since many answers are provided in video format there is already a very large library of video content (150+ hours).

The content on this site ranges from basic questions about the course to advanced Forex trading topics that go well beyond the course. The support offered by the Forex Mentor team is excellent that is something that is very rare in this industry. In addition you’ll get access to the trader’s forum so you can be part of the community and learn from your peers who have gone through the course before you.

And if you’re a Meta Trader platform user you’ll find a section on the member’s forum containing some custom files to help make your life a little easier.

Click Here To Get Forex Mentor