In this post I will be reviewing the Forex Mentor Pro trading system. I will start off by stating that Forex Mentor Pro is not just a forex trading system, it is a complete forex training course with lots of different educational resources for forex trading. It provides you with tools and trading systems for trading the forex currency markets. Forex Mentor Pro teaches you their strategies and then hold your hand and show you step-by-step what trades we are going to make daily and why. In this Forex Mentor Pro review, we will look at what it is in more detail and how it works. Hopefully this will help you to decide if it is something that you would like to implement within your day trading activity. Read on to find out more!
What is Forex Mentor Pro?
The Forex Mentor Pro contains 3 powerful trading systems, daily analysis videos of the trading activity, easy to follow step by step video tutorials and much more. You also get access to the Forex Mentor Pro proprietary trading indicators, a private members forum and dedicated support.
If you are a forex beginner the foundation video course will give you all the information you need to start trading. The 3 systems included are the M1-M2 trading system, Earth & Sky trading system and the STT (Simple Trend Trading) system. This gives a good mixture of trading systems including; day trading, pullback entries into trends, swing trading for medium to long term trades and price action system.
Forex Mentor Pro teaches you their strategies and can then hold your hand and show you step-by-step what trades they are going to make daily and why. The team trades around 2-3 times a week they upload trading ideas and a video explaining the current market to you through their eyes.
The alerts contain useful information meant to enable you make informed decisions – along with the do’s and don’ts.
Unfortunately, the platform doesn’t send SMS alerts. So, you need to be actively tracking the charts and frequently checking your emails so you’re not left behind when the trading signals come in.
Of course, you do not need to take all of the trading signals as they are. You may want to do your own additional market analysis for further confirmation. If you decide not to take a particular trading signal, you could always wait for the next one to come along. I think it is very important that you try to understand how and why each and every signal is taken.
At Forex Mentor Pro you get up close and personal with everything the professional traders on the team trade. No matter your current level, at Forex Mentor Pro, they teach you a range of trading strategies and supply you with the software you need (included free with your membership).
I like how with Forex Mentor Pro if you have a problem and you’re not sure what to do next you get answers from real working traders, not anonymous, outsourced help-desk people who don’t know any better than you. In other words, you get everything you need to try and become a better trader with lots of practice.
Does Forex Mentor Pro Work?
This really is an open-ended question as it depends on so many variables. Each and every manual trading systems is only ever going to be as good as the trader that is using it. I have seen the exact same trading strategy give 2 different results depending on the user who is placing and managing the trades. This is because there are so many factors that can have an impact on results including money management and the trader’s discipline.
I think that the Forex Mentor Pro systems will require lots of practice to master. I would personally make sure that I can maintain a favourable risk to reward ratio so that one losing trade does not wipe out a consecutive run of winning trades. I would even consider locking in profitable trades at break even point and using a trailing stop to try and maximise the potential of each move.
In terms of discipline, it is important to create a solid trading plan and try to stick to it as much as possible. You can include your own market analysis for further confirmation but you should try to avoid negative emotions that could impact your results such as fear, anger and greed. These are things that the Forex Mentor Pro course cannot teach as they tend to come with experience.
Forex Mentor Pro Summary
Overall, Forex Mentor Pro is a decent forex educational service which some may see as good value for money. The customer testimonials are very positive and I believe if you are just starting out as a forex trader or looking for a new forex trading system then Forex Mentor Pro could be worth a look. However, there are some limitations and I feel like you can get similar information for free online from various trading websites, forums and streaming sites.
ForexMentorPro is unique in the sense that when you opt-in, you get access to 3 mentors. In other words, 3 gurus for the price of one. It’s pretty simple to use. Once you opt in, you’ll access the company’s proprietary systems and learning materials. You can choose to be an independent trader under them. That is, you receive the updates from them but decide which ones to use and which ones to ignore.
If you would like to give this forex course a try, I would be sure to start on a demo account to begin with until you familiarise yourself with how it works and start seeing some success. Maybe then, you could consider switching over to a live account. You can get a free demo trading accounts from most forex brokers, please feel free to browse my best forex brokers for some inspiration.
If you are looking for a readymade trading system along with some educational content, all in one place, then Forex Mentor Pro course could be worth consideration. They do Otherwise, you could simply get a free demo account and practice trading with the thousands of free forex trading strategies that you will find online.
Forex Mentor Pro
$47
Pros
- All Currency Pairs
- Any Timeframe
- 60 Day Money Back Guarantee
- Full Support
- Detailed Instructions
- Any Trading Broker
- Indicators
- Templates
Cons
- No free trial
- Steep learning curve
- Requires some user initiative
- Not ideal for beginners
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
