ForexMentor Review
Review Summary : ForexMentor provides one of the most comprehensive Forex trading training courses that almost everyone will find useful (provided they have an interest in the Forex market and want to make money from there). With intensive video mentorship and home study courses, ForexMentor teaches the users about the techniques used by the banks. The training course empowers the users with the knowledge and tools used in Forex trading.
Pros: Apart from teaching the fundamentals and the technical aspects of Forex trading, ForexMentor also teaches the strategies which are crucial for trading. Also, the ForexMentor has a probabilistic tone which sounds more realistic that a guarantee-tone.
Cons: The ForexMentor trading course of Peter Bain a recording of his own seminar held in a hotel room and there was no user interactivity.
Rating: 
The ForexMentor makes use of the mathematical formulae to measure and calculate the support and resistance levels of prices known as the pivot levels and chart pattern recognition provides benefits which the traders look for.
Quick Stats:
| Pricing | Home study (Hard Copy Version): $495; Home Study (Online Version): $349 |
| Trading Signals | Yes - Two major trading signals showing current trends. |
| Money Back Guarantee | Yes - 30 days money back guarantee |
| Pivot Programs | Yes - Provides accurate entry and exit points. |
| Market conditions | Works in multi market conditions, i.e. literally works in any market condition |
| Price Projectors | Yes - Analyzes price movements. |
| Daily Pivots | Yes - Daily pivots are produced for six major currency pairs |
| Manuals | Yes - With hard copy version of the course |
| Videos | Yes - 20+ hours of interactive video |
| Advanced Training | Yes - Streaming videos that provides advanced Forex trading training |
| Live training | Yes - 3hours of live training in 2DVDs |
| Discussion Forums | Yes - Provides discussion forums where a trader can discuss with other traders |
| Trend prediction | Yes - Teaches to predict Forex trends |
| Swing Trading | Yes |
| Real Life examples | Yes - Provides two years of real life trading examples |
| Chart Patterns | Yes - Uses different chart patterns like Spinning top, Hammer, railway track and Double Top 1 Bottom |
| Customer support | Yes |
Customer Feedbacks For ForexMentor:
| “With more than two and a half years experience with ForexMentor, I have yet to experience a concept that Peter Bain could not explain in a simple yet comprehensive manner. The AM reviews that peter Bain does have enabled me to understand the manner in which larger players operate. And these reviews are helpful because someday I know that with the aid of ForexMentor and Peter Bain, I am sure to become a BIG player myself.” portion of actual user comment on www.onlinestocktradingreviews.com |
| ‘You may find many courses that allow you an understanding of the various concepts in the Forex market, I found Peter Bain’s Forex course is the one course that can allow you to put the theoretical knowledge to practice…’ portion of actual user comment on onlinestocktradingreviews.com |
Likes:
- It helps to learn the technique of getting good pips spread. Getting better spreads and good pips is a key to success and the ForexMentor with its known and proven techniques help the traders to get what they want.
- It provides practical tips and real life examples for better understanding of the market dynamics.
- The concept of support and resistance and use of mathematical formulae for calculating pivot levels.
- An extremely comprehensive training module with simple language. This is because; not all traders will technically well equipped to trade properly. Simple language helps them to grasp the topic easily and act properly like a professional trader.
- It works in different market conditions. No matter what kind of market the trader is in, ForexMentor’s methodology works equally well in all the markets.
- It helps to recognize false signals for buying and selling.
Dislikes:
- The trading course does not provide any user interactivity.
- Getting signed up with FXsol brokerage is not a bright idea because there are better brokers with better charts and comparatively better spreads.
Bottom Line:
Keeping aside the minor drawbacks and the limited dislikes, the ForexMentor provides one of the most comprehensive Forex trading training courses in the market. It is loaded with innovative techniques and simple methods which can yield maximum gains for a trader.
