Review

If you are looking for a course which has maintained a good solid reputation over the years, Peter Bain is the man to go to. Peter’s course is based on pivot point system. Everyday roughly $1.5-$2 Trillion are traded on the FX market. An estimated 50% of that money, is directly controlled by the large global trading banks such as Citibank, Deutsche, UBS, JPMORGAN Chase. A point to note is that the traders at these banks, the ‘Big Dogs’ who are trading 1000+ lots per trade, do use pivot points.

Other than pivot points Peter talks about looking for “confluence” of events before “pulling the trigger”.

Example: Is the trend up or down? Is there divergence to price on MACD? Is there a valid trendline break? Is there an
outside bar or other reversal candle pattern. The key to trading is to have a proven system (which works for you) and keep it simple. You will find Peter Bain reiterating the fact by saying, “Pick up a currency pair and love it to death.”

The price of $395 might seem heavy for some traders but given the 6 month mentoring which comes with it , it’s a
great value. Another good feature of the course is the daily video review (about 1 hr per day) of price action
for the EUR/USD .

Features:

• How to Trade Currencies Like the Big Dogs course instruction manual
• 10 computer CD’s explaining the forex market and Peter’s forex trading system.
• 3 hours of Live Instruction
• Forex Supplementary Guide
• 6 months unlimited access to Peter Bain’s Mentorship Website.

Rating : Forexmentor is certainly not the holy grail of forex trading but it’s a chalice which you surely don’t want to miss at a good price point. A great investment for those looking to beef up their trading library.

Accolades: “Peter Bain’s course is nothing short of awesome. The pivot point trading method is analogous to a precision guidance system. It amazes me time and time again, the way prices adhere to these pivot numbers. Just wait for the signals in and around the pivot points, pull the trigger and
let it rip! This is by far, one of the best reading investments I have ever made.” Mark Johnson From Atlanta, Georgia

Bonus :

• 6 Month Access to AM Review Video Mentoring.
• 500+ hours of Trading examples since 2003.
• 2 CDs with Commitment of Traders (COT) Modules.
• What To Do Before You Press Enter quickstart guide.
• Private Phone consultation with Peter Bain ( Offer Not available everytime)

Money Back Gaurantee : 30 Days

Price :$349 (online homestudy version) [$495 if you want the hardcover physical one]

Visit the website to see for yourself: ForexMentor.com

Today, we’re going to review one Forex Trading Course/Method that meets our test for a good trading method and share with you why it’s a good trading method.

The course is called Forex Profit Accelerator, and it’s put out by Bill Poulos. If you don’t know Bill, he’s a 30+ year trading veteran who spends his time now teaching students to trade stocks and Forex.

His Forex Profit Accelerator has been widely successful in helping forex traders apply four different methods to the forex markets.

Briefly, the course contains a set of 6 cds and a full manual — both of which are essential to self-paced learning.

The Forex Profit Accelerator teaches four unique methods to trade the forex markets and each of the cds includes in-depth video analysis of how the methods work.

The Forex Profit Accelerator also includes a forex basics course, technical analysis basic training, charting software information and trading ‘blueprints’ to organize trade planning.

We were highly impressed with the course — and found that it passed each of the tests we place on a trading method.

First, the method is absolutely complete. Forex Profit Accelerator teaches the precise setup conditions, exact entry rules, intial stop rules and different exit strategies for each of the four methods it contains.

We were shocked by this, mainly because most courses out there barely teach forex traders a single method — and yet, Forex Profit Accelerator teaches FOUR unique methods. The most important aspect here is that the four methods it teaches give forex traders more opportunity to maximize their profit potential.

Second, Bill is one of the loudest voices on Risk Management. Not only does he make it easy to understand and implement his risk management tactics, but he teaches you how to incorporate it into your trading life – that’s education you can own forever!

Third, Forex Profit Accelerator is based on technical analysis, yet still allows forex traders some room for market interpretation. One of the elements we felt ’sold’ us on this course, was Bill’s clear statement that not all setups will become trades. And that’s true – because technical analysis can only take you so far. But with the basic training part on technical analysis, along with Bill’s easy teaching style, we believe you’ll master TA quite fast.

Last – the Forex Profit Accelerator is easy to understand and use — and it’s based on End of Day trading (New York close). This was awesome — we found we could do all of our trading activities in less than 30 minutes a night, including analysis of potential trades, placing orders, adjusting stops and managing open trades. That’s incredible considering there are four different methods you can work with.

Needless to say, we gave Forex Profit Accelerator our top ranking as one of the best forex trading courses on the market and one of the most complete in-depth but easy to understand trading methods we’ve seen in a long time.

If you want to get to know Bill and what he is about feel free to visit his site at Forex Profits.  Give it a good read and then see if your thoughts mesh with mine.

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