My Forex Education

"I couldn't possibly trade the FOREX so successfully without Peter Bain’s Video ForEx Trading Program.” Pasquale G., Great Britain Get the Video Now

Recommended Forex Trading Systems

Now that you understand a bit more about the FOREX market and what potential it has, you may be in the market for a FOREX trading system. While there are many to choose from, we have scoured the web in search of a recommendation. There were various criteria that had to be met and we came up with a winner. ForexMentor by Peter Bain is an excellent choice for new or seasoned FOREX traders.

It is important to note that we are in no way affiliated with this company, and it is only after research and testing that we came up with this recommendation. Feel free to conduct your own research to decide if this is a good system for you. There are many options available to you and a decision should be based on a variety of different factors. These include:

1. Expertise/Trainer Credentials (Do the trainers trade?)
2. Learning Style/Course Layout (Does it fit with your needs?)
   a. Hands on
   b. Self-Guided
   c. Classroom style
3. Courseware/Software (Is it easy to understand?)
4. Testimonials (What do others have to say about it?)
5. Price (Is it cost effective?)

So do your own research and decide the best FOREX trading system for you.

Our Recommendation

Basically, the ForexMentor system works by providing FOREX traders with a skilled mentor in the trading field. Peter Bain’s system consists of different courses and materials, traders can tap into the expertise and information that only skilled traders know. Such knowledge is invaluable to anyone that wants to succeed in the market.

Expertise/Trainer Credentials

Unlike other systems and training programs, all FOREX Mentors undergo a rigorous application process. Most training seminars on the market are taught by corporate trainers. They have the ability to provide a great classroom experience, but often do not understand things that are not covered in the training materials. ForexMentor requires that all of their trainers are also traders. They must have 50 successful trades, with no losses, under their belt before they can begin to train others. This is a great way to ensure that the instructors know first hand what their clients are looking for.

In addition to the successful trades, the instructors much also complete 120 hours of internship, and attend various training courses throughout the year. Yearly renewals are required of all instructors, to ensure that they are up to date on the current market. When in the market for your own FOREX trading system, make sure to find out the credentials of their trainers. You want traders who train- not just trainers!

Your learning style

It is also important to understand your personal learning style when deciding on a FOREX trading system. Some individuals prefer to have hands on practice, while others like to read up on the subject first. ForexMentor by Peter Bain takes this into account and has several different ways of teaching.

First there are the workshops. These are held all over the country in small groups. This is great for individuals that like to ask questions and have hands on experience. The group setting allows for peer communication. Many may even find trading buddies that they stay in communication with long after the course has ended. Price varies depending on travel expenses and other variables. Courses are available all over the U.S. and in many other countries.

For those that like to do self-guided instruction there is a variety of tools available to them as well. A trading library is available for reading and research. Courseware designed for the hands on courses, can also serve as great research material after the fact. Traders are encouraged to go through the materials prior to making a decision. You want to make sure that you feel comfortable with your FOREX trading system, so ask plenty of questions before committing.

ForexMentor by Peter Bain also has a demo option for traders that are still skeptical. This walk-thru allows potential traders the opportunity to test the system before buying. Peter Bain is a firm believer in learning through trading, not training. He wants traders to get involved and to start trading right away. This is the quickest and most effective way to get started. A good trading system should have a demo or trial of some sorts, so make sure to do your homework.

Final words on choosing a FOREX trading system

Choosing the right FOREX trading system does not have to be difficult. Common sense goes a long way in deciding on whom to do business with. Do your homework and check up on the company that you plan to work with. Ask questions and find out what others are saying. ForexMentor by Peter Bain is just one of the many systems available to FOREX traders today. You will want to find a program that is competitively priced and has the ability to grow with you. As your needs and skill level increases, so should your training options.

Learn more about ForexMentor and sign up for the free e-mail course.

Forex Automated Trading Signals Sell GBP/USD With Breakout2
Our Forex Automated Trading Signals sold the British Pound against the U.S. Dollar using our flagship Breakout2 system. The strategy, which has had a historic 66% accuracy percentage and an average per trade profit of 137.5 pips, appears to be following the downward trend.

Forex Automated Trading Signals Buy Into GBPJPY Range
Our Forex Automated Trading Signals bought the British Pound against the Japanese Yen using the Range1 trade. The trade is currently above par, with 44 pips of P/L at the moment.

Automated Forex Signals See EUR/USD Trade In The Works
Our Forex Automated Trading Signals have hinted at a possible EURUSD trade in the coming minutes. Looking at our signal below, clues to which strategy will be implemented appear to be seldom. One thing we can deduce is that the trend continues to be southbound.

FOREX-Euro gains, pound off lows after big rate cuts
* ECB cuts rates 75 bps, BoE by 100 bps

Forex reserves dip for 9th straight week, touches $246 b
Foreign exchange reserves dipped $550 million for the ninth consecutive week largely on account of revaluation of non-dollar assets in the forex kitty.

FOREX-Euro, pound fall as central banks deliver big cut
* Euro and sterling fall vs the dollar

Forex rate at P55 per dollar sought
The peso should be allowed to depreciate to about P55 to the dollar to boost local consumer spending and to improve the countrys export competitiveness, an economist said at an exporters forum on Thursday.

SEOUL, Dec 3 (Reuters) - South Korean authorities would make only make marginal interventions in the foreign exchange market due to a rapid depletion of the country''s foreign currency reserves, a top government official said on Wednesday. "South Korea does not have enough capacity for massive forex intervention. We will carry out smoothing operations in forex markets when necessary," Bahk ...

Forex rate at P55 per dollar sought
The peso should be allowed to depreciate to about P55 to the dollar to boost local consumer spending and to improve the country’s export competitiveness, an economist said at an exporters’ forum on Thursday.