After in depth review Peter Bain's Forex Mentor training course receives a hearty two thumbs up from MrAutomate. For a quick peek ahead at the hundreds of video titles in this course check out this Forex Mentor Table of Contents (PDF) document.
Forex Mentor is a real product that does what it claims. It teaches sound 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.
What Is Forex Mentor?
Forex Mentor is a Forex training course and mentorship program that actually delivers. What makes Forex Mentor such a great product is the sheer volume and quality of the content as well as the very generous support provided for the product.
Before I get in to the details of the content let me first briefly outline what comes with Forex Mentor:
- 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 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.
- 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))
- 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.
- 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.
- 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)
- 30 Day Money Back Guarantee. Peter Bain stands behind his Forex Mentor product because it's worth standing behind.
- Only $349 (online version) or $495 for the Hardcover and CD version.
Forex Mentor Teaches Pivot Points with a Twist
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.
The Forex Mentor Crystal Ball (COT)
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 Forex Mentor Members Only Site
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.
Want a Peek at What's On the Disks?
For a closer look at the hundreds of video titles on the 12 disk set have a look at the Forex Mentor Table Of Contents (PDF). This table of contents is for the 12 disks only. It does not include the manual and the 2 DVD disk seminar.
The Forex Mentor Recommendation
We're in the process of reviewing a lot of products at the MrAutomate labs and so far Forex Mentor is one of the few that we can confidently recommend to anyone, beginner and experienced, trying to make real money in the Forex market.
The quality of the material is top notch, the volume of material is enormous and the support and mentoring that comes via the Forex Mentor members area is something almost unheard of in this price range.
If you're having second thoughts about whether this is the right course for you then no worries because like all decent products Forex Mentor offers a 30 day full money back guarantee which is more than enough time to evaluate the course material.
So if you're tired of chasing Forex get rich quick scams and are ready to learn to earn real money in Forex then Forex Mentor is a great place to start.
Forex Mentor Action Steps
Forex Mentor is one of the best Forex training courses you're find in it's price category. You can try it for 30 days Risk Free so there's no reason not to check out this course. If you want to improve your Forex profit here’s what you do
- Check out the hundreds of videos that come with Forex Mentor
- Buy Forex Mentor
- Open a FREE paper trading account with a broker of your choice
- Paper trade the techniques presented. That's what the 30 day guarantee is for!
- If you’re happy keep it, otherwise return it
- The 30 day Guarantee lets you discover for yourself the profit pulling power of Forex Mentor so you can make your own decision without risk
