ForexMentor - Fast Track to Forex

The Fast Track to Forex course is hosted by one of our leading mentors - Frank Paul. A full-time trader himself, Frank is instrumental in helping hundreds of Forexmentor members understand difficult trading concepts. Frank was responsible for the hugely popular Forex Profits with MACD course and more recently Forex Profits with COT (Commitments of Traders) weekly analysis service.

Frank’s known for presenting bewildering topics in a plain-spoken way that does not intimidate even those brand-new to the game. A logically sequenced progression through all the core concepts, clearly explained and richly illustrated, will make this not only a great way to immerse yourself in the field but also a practical reference going forward.

Here’s just a random selection of some of the many valuable insights you will gain from Frank’s presentation:

• How Currencies are Quoted (Module 1): In the Forex, all currencies are bought and sold in pairs, the first currency being the “Base”, the second the “Quote”. Learn how the relationship between the Base and Quote affects the total value of your transaction.

• Contract Sizing (Module 1): Contract sizing refers to the total amount of currency you wish to control to facilitate your per-order profit objective. Learn how you can maximize your profit potential for each trade by utilizing a larger number of small lots for a given level of risk.

• Account Equity and Margin (Module 2): The maximum amount of currency you can control is directly dependent on how much money you have in your account times the leverage you specify to your broker. Learn the ‘cardinal rule’ of risk management.

• Trade Readiness (Module 2): Everybody has a different learning curve – it's helpful to focus on what you need to be successful, not what somebody else needs. Learn how to create benchmarks of success to be attained in your demo account before going 'live'.

• Pros / Cons of the “Fundies” (Module 3): Fundamental Analysis has a useful role to play for the strategic minded trader, but it must be approached in a judicious fashion. Discover the strengths and potential pitfalls of Fundamental Analysis and how to apply it to your trading approach.

• Maximizing Interest Rate Differentials: The Carry Trade (Module 3): A ‘Carry Trade’ is a currency pair where there is a substantial gap in the interest rates of the two countries paired. Find out how the nuts and bolts of the Carry Trade works and how to play both sides of the market to earn interest on your trade.

• Overview of Technical Analysis Tools (Module 4): There are five basic categories of technical analysis indicators, each of which has slightly different uses and strengths – here you’ll find out what those are and how to put them to advantage within your own trading approach.

• Chart Pattern Basics (Module 4): Did you know that there are two basic types of Chart Patterns – so called ‘Continuation’ patterns and ‘Reversal’ patterns? Learn about the most popular varieties of each and gain some valuable insights on how to trade them.

• Trading Styles Simplified (Module 5): Size of profit target, time in the trade, and per-trade risk are the three variables which define and overall trading approach. Here we discuss how those and related variables differ with respect to four common trading styles: position trading, swing trading, day trading, and scalping.

• Popular Trading Strategies (Module 5): Once you have a trading style that suits your personal situation, the next step is to consider one or more common trading strategies. Here we learn the setup and basic trading rules of seven of the most popular, including: Rangebound, Breakout, Trend, Pivots, Patterns, Divergence, and Elliott Wave.

And much more!

WHO WILL BENEFIT FROM THIS COURSE

• People who are new to the Forex market but have trading or investing experience in other markets and but wish to know what sets Forex apart
• Those completely new to the field of trading in general who are looking for a practical, well presented introductory overview
• Newcomers who are curious but perhaps not sure if it’s the right opportunity for them and want to know more before making the commitment to proceed with demo and live trading
• Traders frustrated by other introductory courses that failed to address all-important aspects of personal development such as trade readiness and what you need to succeed in this exciting market.