Forex Mentor Review – The Fast Track To Forex
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Forex Course Reviewed: Forex Mentor
ForexMentor.com is a huge forex trading course website established by Peter Bain and his team. With more than 10 years experience in forex trading and a capable team, the content of the courses ranged greatly from beginner guide to professional trader’s techniques and strategies. No matter where you are right now, there is always some things you can do to improve your trading and Peter make sure you’ll find it in Forex Mentor.
As FXBuild.com is more oriented to help new trader, I’m going to put a review on “Fast Track to Forex” program, a course created specifically to help new traders jumpstart their trading and avoiding common but fatal mistakes most beginners do.
The Main Benefit of Fast Track Course
The advantage of the Fast Track Course is that it is structured in a way so as to give you the basics of the forex world. Trading right away without proper knowledge is like testing the depth of the river with both feet. You don’t start any business with little knowledge. Why forex would be an exception to this? Instead of going after the Holy Grail, learn the basics and then master the trading strategies. It will save you a lot of time.
The structured approach of the Fast Track course offered at Forex Mentor will help you avoid lot of pain during your trading journey. It course covers different topics like how currencies are quoted, basics of charts, chart patterns etc.
Practical Approach of Trading
One stand out aspect of the course is you will learn about the trade size and the concept of margin. If you don’t belong to a finance background, then you may not know the concept of margin requirement. Before you start trading, you should know about the margin requirement, margin call etc. This is one practical aspect of trading which you won’t find much information on. It is better to hear from an expert. The fast track course incorporates the margin concept.
Get Familiar with Risk Management
Another feature worth mentioning here is the inclusion of contract sizing in the course. This is a risk management concept. The course will teach you to decide the size of the trade so as to follow the rules of better risk management. The course will also teach you about the leverage and how to set the benchmark of success. If you ask me the single most critical aspect of learning curve, this is it. There is no better way than to learn from an expert.
Freebies of the Course
When you buy the fast track course, you also get a free bonus. The bonus consists of three reports and an audio recording of the full course. This will allow you to listen to it at your convenience. The first report introduces a trading strategy based on the moving average indicator. Second report will teach you an interesting trading tool based on parabolic SMI indicator. The final report will teach you Elliot wave trading. Elliot wave trading is a well known strategy. You will know more about it in the book. You may not use these strategies right away. But you will surely turn to it at some point in future.
Cons of the Fast Track Course
Lack of Clarity on Trading Styles
The course introduces you to different styles of trading. But the course fails to come up with personality traits that suit each trading style. Some people are more comfortable with position trading as patience comes to them naturally. Others are better at scalping. The course will help you know what these trading styles are but fail to address the issue of the selection of the suitable trading style for you.
If you are a beginner and tempting to trade with real money, stop right there. Instead of funding your account with few hundred dollars and lose “while learning”, invest some of that money into a course offered by Peter Bain at Forex Mentor. I strongly recommend his course for trader of any experience. Instead of blowing off money through real accounts, invest in your skill. And any investment in you will surely bear fruits in future. You will avoid lot of anxiety from your trading if you learn from the mentors at Forex Mentor.
Grab the Fast Track to Forex Course
