What is Forex Mentor
Forex Mentor (or Forexmentor.com) is an online educational service founded back in 2003 by Peter Bain, a Forex trader, and educator. Its main goal is to help new traders that are starting with Forex, to lead them in the right direction on their trading journey. Today, the online community counts over 25 000 traders that are guided by a team of experienced trainers and mentors. Video courses and live trading services are designed for both beginners and more experienced traders.
The service is offering 40 different courses and membership programs. The subject of the courses varies some of them are teaching basic Forex staff while the others are concentrated on specific trading strategies. Moreover, Forex Mentor service offers one-to-one personal coaching that is available on a monthly subscription basis. Forex Mentor’s goal is to have courses that are comprehensive and affordable. The service is promising that their courses will make you capable to trade profitably constantly.
Though courses are offering lots of materials and cover almost all aspects of Forex trading, the main target of the service is to promote one-to-one coaching service. It has two different versions Coaches Corner and Coaches Corner Premium. Both versions provide daily market analysis videos and other important trading tips. The premium version offers greater video content and access to a 24/7 Skype-based community that is consistent with mentors and other traders. Also, you can purchase a one-to-one specialized personal coaching service with up to two hours per lesson.
A total of 29 DVD video courses that are also available through online video streaming are delivered independently. Each course is divided into modules and has several hours of content. For every course, you can see what trading experience is required to follow.
The courses for beginners are Learn Forex Now, Fast Track to Forex, Trade Currencies Like the Big Dogs, Forex Money Matters, Forex Master Blueprint, Top 20 Killer Trader Mistakes, Mastering MetaTrader in 90 Minutes, Forex Support and Resistance and Coaches Guide to Building a Successful Trading Plan.
The courses for advanced traders are Forex Profits with MACD, A Working Man’s Position Trading System and FX News Breakout Trade.
A special group is courses that are explaining one trading strategy and can be used by both beginners and by experienced traders. These courses are Advanced Action Candle Trading course, London Open Forex Strategy Course, London Close Trade Strategy and The Victrade.
Passing the courses will give you great knowledge about trading and fundamentals in the Forex industry. It will help you to improve your trading results. The majority of courses are targeted at beginners. Well, it is not surprising since new traders are the ones that are more likely to purchase a Forex learning course. By examining the curriculum of each course I have discovered that courses for beginners cover similar topics but they are delivered by different mentors. The division of taught material allows traders to select the areas they need to improve. Every type of trader can find something useful.
The variety of courses requires variety in pricing options. The textbook course would cost between $29 and $59 and it is available in a printed and online version. On average, an online version would be $10 cheaper. A DVD course price would vary between $79 and $299. An online delivery method would discount the price for 20% but would exclude any refunds. Coaching Corner mentoring standard monthly subscription costs $97 while the premium version costs $147. Personal coaching is available for $399 for two hours. All courses include support, however, there have been many complaints about their slow response time.
Thus, Forex Mentor, an online trading educational service has been in the business for 17 years and in that period it has created a large community of traders. It offers 40 different courses and membership mentoring programs, including one-to-one training sessions that are delivered by different mentors. The majority of courses are targeted to new traders, however, the more experienced ones will also find the course that suits them. All courses are available as online streaming services and in DVD and printed format at affordable prices. They can be beneficial and can improve your trading performance. Customer service is available but their response time is slow.