Forex Mentor Review

Posted in Forex Trading Courses on 25. Mar, 2010

Forex Mentor is a very detailed forex home study course that can be used by anyone who wishes to learn forex trading. It has a trading system which teaches the concept of support and resistance on graphs. When learning about pivot points, he also teaches you how to look for a confluence of events that occurs. These include chart patterns, candlestick patterns, MACD and trendlines. Forex Mentor has been praised as a very good course by the forex trading community.

Peter Bain’s course is the one to get if you want someone who walks the walk and talks the talk. The core of the course is focused on the pivot point system.

Trillions of dollars are traded in the forex market everyday. Half of the money comes from large banks that engages in forex trading such as Citibank, Deutsche, UBS, JPMorgan Chase. What Peter Bain wants to point out is that the traders for these banks banks use pivot points to perform thousands of lots for every trade they do.

Apart from pivot points, Peter also teaches you how to look for a confluence of events before entering a trade.

You have to ask yourself some questions before entering the trade. You have to think if the trend is up or not, is there deivergence on MACD, is there a trendline that breaks? Or is there a weird candle pattern?

What you need to get successful in forex trading is to have a proven to work system, choose a currency paid and stick with it.

The price of the course is $395 but it is value for money since there will also be a 6 month worth of mentoring included with it.

The parts included in the course are:
– the instruction manual
– video CDs talking on the forex market and his system
– 3 hours of Live Instruction
– supplementary guide
– 6 months of mentorship

Apart from that, you also have these bonuses:
– 6 months of Am Review Video Mentoring
– Hundreds of trading examples
– Modules on Commitment of Traders
– Quickstart Guide
– Private phone consultation

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