Product Information
Original Website : http://www.forexmentor.com/
Did you know there's a group of rich and powerful Forex Traders who call themselves 'The Commercial Traders'?
No, they are not a secret underground society but a group of highly influential traders who take huge positions and typically trade 1000's of lots worth millions of dollars at a time. They trade for governments, banks and large corporations. They make their living by being on the right side of the market and they can't afford to make mistakes! These traders "see" major trend reversals—sometimes days and weeks before they take place.
Want to know their secret? I did! I would have given anything to find out how they are able to spot trading opportunities so effortlessly while the novice traders agonize over every trade. I desperately wanted to know what they know that I don't. During my training with the "pros", I observed the "mechanics" of how the pros make trading decisions. How they scan the market and how they look at their charts. I learned how they time their entries and exits. One thing that stood out for me was their uncluttered charts. They don't have layers upon layers of indicators on their charts like I did. They pay careful attention to price as they find major support and resistance levels! I realize my emphasis was too much on understanding how to use indicators to find an entry. This is a misplaced emphasis. You probably have heard the saying: "Analysis Paralysis" coined by the famous Zig Ziglar. That's when you are stuck in idle because you bog yourself down in so much information that you cannot make any trading decisions - or worst, make the wrong decision by missing the obvious. That's what was happening to me.
My Trading Mentor Urged me to Concentrate on the Most Important Signal in Trading - PRICE SUPPORT and RESISTANCE.
"Your chart is like the artificial gyro horizon - an instrument used to inform pilots of the orientation of the aircraft relative to earth. The pilots must know how to read this instrument in order to navigate safely. Professional traders also use a gyro horizon to see what the market is doing. They are called pivot points. Pivot levels offer traders a frame of referrence so he can see what price is doing and more importantly find his support and resistance levels." I began to change the way I am looking at the market with that epiphany. Over the next 18 months, I devised the steps for a simple system for myself to trade with. I called it my Forex Dashboard System.
...and here it is My Forex Dashboard System
It's as if the fog has been lifted right in front of my eyes. Not only did my trading results improved overnight, but I was having fun again. I can "see" what the market's doing and where it's headed. I was so excited and began sharing my system with several traders. They were surprised by its simplicity but were skeptical at first. However, not long after, their trading results also improved.
"As word spread that I created a simple yet powerful system to mimics the pros, people wanted to see it in action" And I was more than happy to show them. But soon demand got too high. Although I get great satisfaction from it, teaching my system was taking away time from my personal trading. So I cut it off. The reaction was overwhelming. I immediately received panicked emails and phone calls from fellow traders begging me to take them on as students. They offered to pay whatever I wanted and offered to fly me to their location and spend a week with them. One guy sent me a blank check and told me to fill in whatever I wanted.
How Do You Put a Price on a System That Mimics the Success of the Big Dogs? I decided to accept only several students but that quickly sold out for 10 months so I had to cut it off again. I struggled for a solution...How could I help other traders simplify their trading by following the pros and still have time to trade and have a life? Then it occurred to me; What if I didn't have to travel around the world teaching every student live? I bet there's plenty of traders who don't need me to hold their hand through the entire process. They can trade themselves if they only understand my system.
So that's what I did...
INTRODUCING...
What I am about to reveal to you will completely change your perspective of how to understand and trade the Forex market. These are the same simple techniques and tactics used by many of my traders today.
Testimonial Disclaimer
Averaging 250 to 350 pips per week: “The pivot numbers are very effective. I can pick the high and low for the day extremely accurately, and therefore trade the range very effectively. In fact, I refuse to believe it is this straight forward. I simply find it difficult to believe what is happening in terms of how this helps you to gauge price movement. Since you have been training me upon purchasing your program over six weeks ago, I have been averaging 250 to 350 pips per week simply by adopting your strategies."– Rod Brown, Australia Averaging 30 pips per day: "I have to thank you for the forex training. I know for me it's still early days, but I'm averaging 30 pips a day since studying Pivot Points (67% trade win ratio and improving). I trade the GBP/USD pair and so far you Pivot Points have been deadly accurate (3 days in a row). It only missed M1 once by about 15 pips I think, but what's 15 pips! Your system has paved & lighted my forex trading path & turned my dumb money into smart money.” – Andre, South Africa Earned back money in 2 weeks: “It has been one month since I purchased the course material. I have already earned back the money spent for this in 2 weeks. It's really a great offer. Thanks Peter. Most importantly, I have built up my confidence in trading the FX using your method. It's amazing how the price react to those pivot points. I'm really excited about it. You're great mentor as you response to my questions within the same day. I really appreciate that.” – Jenny Wong, Hong Kong Trading improved ten fold: "I just wanted to tell you how pleased I am after finding your course and AM Review. I have been trading the Forex market for almost two years. After foolishly spending thousands in my first year trying to learn how to trade currencies. I found your material, and now my trading has improved ten fold since ordering your material and listening to the AM Review on a daily basis. Your system has changed my trading from consistently losing to consistently winning in a short period of time..." – Tom Schwartz, Scottsdale, AZ Accurate trading methods: “Peter Bain's forex training 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, Atlanta, GE
Here's how you'll learn forex trading:
How to interpret and understand market price action How to plot support and resistance levels on your price chart How to establish frames of reference on your price chart using pivot levels How to know if price is trading in a BUY zone or SELL zone How to predict the expected daily lows and highs How to identify false price reversal and trends How to identify real price reversal patterns How to pick price tops and bottoms How to quickly conduct a multiple time-frame, TOP-DOWN analysis Learn why 'conventional approaches' simply do not work in Forex trading. How to determine the price bias before you start trading forex everyday Discover which currencies are actually ready to make a move. Information-packed pages of forex training including practical tips and real-life examples. Know the top mistakes unsuccessful Forex traders make, and how to AVOID them. Discover the features your Forex broker must have to get the best value for your buck. Learn how Commercial Traders ('Big Dogs') predict market trend reversals. How to 'Scalp' for profits during price consolidation periods. How to use Top-Down price analysis to see the true trend.
and much more...
Can You Sum Up Your Trading System?
Here's the 'skinny' on why my system is so effective...All professional Forex traders pay very close attention to key price support and resistance levels. This is the foundation of my currency trading system. My system is built around the proven concept of "commercial support and resistance tendencies". Let me explain... Volatile currency price fluctuations are usually initiated by external forces such as global geo-political events, world news, monetary policies, economic reports, etc. As currency traders, we are not concerned about what caused the movement. We are traders - not economists. We are only interested in profiting from the aftermath volatility as a result of these global fundamental events. When a market reaches certain low levels, they are at a support level (support being a level that attracts buyers simply on lower prices). It could be that the market reached those levels on several occasions before and bounced off them. Markets that reach support levels will often rise as buyers are re-attracted to those price points. Then the herd instinct kicks in and price rises. If a market rises, and a price level is rejected by buyers because the sellers are asking too much, the price will begin to move downwards from that level of resistance. Other sellers join in, the crowd factor eventuates, and price swoons. Support and resistance levels are extremely dynamic in the forex market – meaning that they are subject to change from day to day. These levels must be recalibrated from day to day..
My currency trading system 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 levels, professional traders & automated trading systems will automatically kick in to buy or sell the currency. This facilitates price movement predictability.
So, in essence, these two factors alone account for why my system will compete favorably with systems which are based on"lagging" indicators. These other so called systems will simply pale in comparison. To further improve my trading odds, I combine pivot levels with a small number of the consistent, reliable and re-occurring formations. The ones I am particularly interested in are the powerful reversal formations at tops and bottoms of price ranges. When you apply chart pattern recognition skills together with the use of the pivots, benefits accrue for certain. The targeted support and resistance numbers are like an early warning system. Being aware of an important price target level, accompanied by a pattern, you can then anticipate your move. It just doesn't work any better than that! Let me tell you this... if you are trading the forex without the guidance of pivot points, you could be trading in what I called 'NO MAN'S LAND' - these are danger zones. Improve your chances by taking trades in and around pivot points.
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Price: $349.00 $75.50