New Strategies to Match Those of the Big Dogs
ForexMentor’s home study course has been turning frustrated traders into forex market marvels for the past decade. Peter Bain’s forex mentoring system has helped thousands of forex traders turn their fortunes around by going back to the “mechanics” of how the pros make trading decisions.
Statistics show that the majority of new traders to the forex, rely on technical indicators and black box systems to guide their trades. The problem with these systems is that they don’t adapt to real-time changes in the market, and not only do they clutter the charts, they also clutter the trader’s decision-making skills. And since successful forex trading depends on the ability to react to sudden market changes, novice traders end up losing.
ForexMentor teaches traders to focus their attention on price action rather than technical indicators as they find major support and resistance levels, known as “pivot levels”. This is the method used by commercial traders, and the central focus of Peter Bain’s home study ForexMentor trading course. Successful forex trading depends on the ability to react to sudden market changes. Charts cluttered with indicators and other complicated systems might help forecast the market as it exists right now, but not when the market dynamics change. Suddenly, those who depend on indicators and other complicated systems, find themselves without the tools needed to adapt and allow trades to reflect those changes.
Peter Bain is an international forex trainer and high profile trader who first struggled in currency trading until he was mentored by some of those commercial traders “I was fortunate enough to become the protégé of an inside circle of commercial traders who were considered to be the best in the business. I benefited from being taken under their wing, so to speak, and being able to study the methods and formulas they used to trade the Forex.”
Most novice traders place too much emphasis on understanding how to use indicators to find an entry. This is a misplaced emphasis because it leads to “Analysis Paralysis” according to Peter Bain. This condition occurs when you are stuck idle because you bog yourself down in so much information, that you cannot make any trading decisions – or worse, make the wrong decision by missing the obvious. The real emphasis should be placed on Price Support and Resistance as they are the most important signals in trading.
Professional traders use a gyro horizon – similar to what pilots use – to see what the market is doing. They are called pivot points. Pivot levels offer traders a frame of reference so they can see what price is doing and more importantly find their support and resistance levels. This clear understanding has led Peter Bain to create the Forex Dashboard System. In a nutshell, the Forex Dashboard System allows a trader to see what the market was doing and where it was headed. This secret weapon is all a trader needs to be successful.
This system is built around the proven concept of “commercial support and resistance tendencies.” The Dashboard uses mathematical formulas to calculate these support and resistance levels known as “pivot levels.” These pivot levels are extremely important because when the price of a currency pair trades near these price levels, professional traders and automated trading systems will automatically kick in to buy or sell the currency. This facilitates price movement predictability. And to further increase the trading odds, pivot levels are combined with a small number of consistent, reliable technical indicators and chart formations.
To recap, The Forex Mentor Trading Course will teach:
- How to interpret and understand market price action
- How to plot support and resistance levels on the price chart
- How to know if the price is trading in a BUY zone or SELL zone.
- How to identify real price reversal patterns.
- How to pick price tops and bottoms.
- How to know which currencies are actually ready to make a move.
The ForexMentor training course also includes practical tips and real-life examples that will show you how to avoid certain pitfalls, and nuggets that will help you make successful trades.
- Learn the top mistakes unsuccessful Forex traders make.
- Discover the features your Forex broker must have to get the best value for your buck.
- Learn how Commercial Traders predict market trend reversals.
- Learn how to use “Scalping” and “Position Trading” for-profits during price consolidation periods.
And much more.
Peter Bain’s How To Trade Currencies Like The ‘Big Dogs’ Forex Training Program is a whole forex education by itself and is one of the most comprehensive forex guides available today.