Now I know for a fact that most forex trading systems are not all
they are made out to be, but every now and then I come across
something really special….

In the “10 Minute Forex Wealth Builder” Dean shows you step by step exactly how he manages to easily
extract enormous amounts of money from the forex markets while only
checking his charts for less than 10 minutes each evening.

Yes you read that correctly…Just 10 Minutes!

This is an absolute goldmine for anyone looking to trade the forex
markets around their current day job!

If you are remotely involved in forex then you simply must check
this out because I have never seen anything like it before in all
my years of forex trading.

Click here to find out now

Here’s just a few things that makes the “10 Minute Forex Wealth
Builder” so special.

- Requires only 10 minutes each evening to trade.
- Uses unique price driven entry techniques.
- Removes all emotion from trading.
- Requires no previous experience.
- Trades that often rake in up to 400 pips each!

And on top of all that…

The course is risk free for 8 weeks, so if you decide the course is
not right for you any time within 8 weeks form your purchase date
you will be repaid every cent no questions asked.

… But before you get too excited I’m afraid there is a catch.

Last time I looked there were only a few copies left, in fact they
might have sold out already!

So if I was you I wouldn’t waste another second here, go and secure
your copy here before its too late!

Feel Free to leave any comments

When I first started looking around into learning Forex, I started off watching videos on youtube and reading the general articles you get about Forex. I quickly realised Forex trading was a way you could make money, it was also a way you could quickly loose money, so I started looking around for a comprehensive training course, and for someone who could be my Forex Mentor.

I can’t exactly remember how I came across upon www.ForexMentorPro.com and initially I had only had a look at the free weekly analysis that you get. In this you get a taster of what you get in the full blown analysis, and after a couple of weeks I thought what do I have to loose, joined up and have been very happy with it ever since. After all if it was rubbish I could get my money back with ClickBank guarantee

I joined in Febuary 2010, and Marks nightly analysis has been pretty much spot on and it very technically based. Naturally he does make a wrong call now and then, but this is to be expected, and usually happens when the Forex market, goes slightly hay wire as it is prone to.

So what do you actually get?

You actually get 2 Mentors.

Marc Walters and Dean Saunders, Mark usually does the nightly analysis with Dean taking over when Mark is on Holiday. Both have different styles, Marc is more the day trader, while Dean really looks at the daily/weekly charts. Both methods have their pros and cons, but the fact you can learn both at forexmentorpro is a real bonus.

Dean has been trading forex for his own account for over 10 years since he was just 17, and is perhaps best-known for developing the L.M.T. Forex Formula software & his 10 minute Forex Wealth Builder Programs, both of which I use. Marc is another full-time forex trader with over six year’s experience.

Any system you learn isn’t going to work 100% of the time so with the technique you get taught, you should have a better chance.

The 2 main systems they use are

The M1 & M2 day trading sytem, this is Marks system
The Simple Trend Trading, Deans system
But these aren’t the only systems they use, the member website is full of videos explaining how to analyse the charts, and this is added to by the nightly videos explaining areas you should be looking at and also areas you should be avoiding. It is worth saying that they are not a tipping service, there goal is to get you standing on your own 2 feet as a trader.

So what else you get is:

1. Access to a members-only educational “Forex Strategies” area with videos, e-books and other contributions from both Dean and Marc that you cannot get elsewhere.

2. The priceless ability to ask these experienced forex traders and mentors questions specific to your particular situation via e-mail.

3. A mentor blog with daily updates where Marc shares his best forex trading tips, directional views and market observations.

4. Dean’s Advanced L.M.T. Manual that gives you what you need to know to upgrade his L.M.T. trading system’s already remarkable claim of 82% profitability.

You also get access to a private group at http://www.forex-fxtrader.com/forum/ the main forum is full of other Forex Mentor Pro students and is full of advice and recommendation on other products. For example they will do long term testing of forex robots, which usually don’t hold up to the wild claims of 1000% of profit, but some should make you money, such as Forex Megadriod.

There are also other regular contributors to the Forum who are full time traders, and I personally find it an invaluable resource when looking at new products or just looking for advice.

The pros I have found are:

1. The educational videos are first class, when thought out, and really take you from beginning to end of the strategies that are used in the mentoring program.

2. New videos are regularly added, by both Mark & Dean.

3. Mark and Dean work together to teach you about Forex, it is interesting to see the 2 styles, but having the 2 styles means that you can fit Forex Trading into your life.

4. The nightly updates are great, they show what to look for and what to aviod, it’s really good having someone to tell you, that yes the markets have been all over the place today, it’s not your fault, and this is where you should be looking tomorrow to make some pips.

The Cons

In the beginning the nightly videos can be confusing, especially around some of the terminology that Mark uses. Saying this I am now fully able to follow what is going on after going through the training videos.
Making money in Forex requires consistency, you can’t just dip in and out of this resource and expect to make money, so only sign up if you’re willing to commit the time.
If you are looking for a tipping service, then www.ForexMentorPro.com isn’t for you, there aim is to teach how to trade Forex, and what to look for, so you don’t loose money.

As I say I’ll add more off my thoughts, as time goes by, but right now I can’t recommend www.ForexMentorPro.com highly enough. If you have any comments or use it feel free to add comments.

UpDate 25/7/12: Mark is now also going to be starting a Mastermind Wealth Group that will look at all areas of investing, which is shaping up to be very interesting.

Anyone who has flicked through the financial channels on their cable TV box without really stopping to listen to what is being said will probably be occasionally confused by references to “bulls” and “bears”. These terms are common parlance in trading situations, and can be heard or read in any market analysis if you stay tuned long enough. They are not references to sports teams, nor to a traveling zoo visiting a trading floor, but rather to styles of market.

A “bull” market is, in short, a market on the rise. It is characterised by a great deal of investor confidence, which can carry on for an indefinite period of time. When a currency breaks its resistance level, it is expected to continue rising, to move with a singularity of purpose. This is much like the way a bull is characterised. Additionally, it triggers herd behavior, as more and more investors will join in and invest more. The term “bull market” is therefore a good definition of a market behaving confidently.

“Bear” markets, on the other hand, are the exact opposite of bulls. Where prices fall and the investor mood is negative, the support level may be broken and the price will continue to fall. The most common explanation for the terminology here is that when a bear attacks its prey, it tends to do so by striking downwards. For a true bear market to be declared, a majority of currencies need to fall, however a single currency can be described as behaving “bearishly”.

To really understand the behavior of a currency on the Forex market it is important to see how it has behaved over a period of time. Taken over the course of a very short space of time, it is possible to make data mean just about anything. This, in turn, means that the data will be almost worthless. Over a longer period of time, however, patterns always seem to assert themselves, and establish a firm basis for predicting the future behavior of a currency price. Among the most important figures that appear in a pattern are the support and resistance points.

The point of “support” for any currency is the price level beneath which a currency never trades – effectively its market “bottom”. Whenever the price reaches this level, it almost always bounces back upwards, and for this reason many people will invest when a currency hits that point. Conversely, the “resistance” point is the traditional high point of a currency price, above which it never trades. If you are looking to cash out, this is a good reference point.

Of course, the old saying “there’s a first time for everything” exists for a reason. There will come a time when a currency breaks its support or resistance levels, and this is seen as hugely important. When a currency does this it will be expected to continue this trend, possibly for an extended period of time. It is therefore a good time to get “in” if it is rising or “out” if it is falling.

The systems of compilation for Forex data vary a great deal. There are as many different types of collation as you can reasonably imagine, and some of these methods have been proven over time to be, if not foolproof, then at least incredibly informative. Access to the right data is important in ensuring as high a possibility of success in your trading as you possibly can. This kind of data is freely available, but what information you can glean from it is inevitably limited as it will be full of figures that carry varying levels of relevancy. Raw data is useful only in so far as you can be bothered wading through the masses of information to find only the best predictors.

The data that will be truly useful to a trader is the information produced in a quickly readable form using only the data that is absolutely relevant. This comes in the form of charts and graphs, and this kind of data is available in up-to-date form from any good broker. There are historic Forex charts freely available on the Internet, and these can be used in order to help you understand market patterns. Once you sign up with a broker you will have more recent information, which is absolutely essential for forming a strategy. Your broker will also (usually) give you the chance to have a “practice account” which tests your reading of the data so that any mistakes you make are relatively harmless. In this way you can learn to read the data proactively and safely.

When making an investment in the Forex market – or indeed cashing out of one – it is common to use the trending patterns of the currency that you are trading. This is data that has been collected over a period of time – in many cases over the course of years, even decades. Knowing how to read the data effectively can make you a lot of money, or save you from making a catastrophic loss. The way that you go about investing can make a big difference, and it is advised that you do not ignore the lessons of history. However, can it be said that the historic data is foolproof?

Well, the only true answer to that question is “no”. Very few things in this world are 100% certain, and anything that is so certain is not going to be a sound basis for investment because it will never move in terms of value. As far as is possible, the most popular methods of data analysis within the Forex market can be very reliable and aid a profit strategy, but you must accept that they carry a certain risk. That risk is reduced the longer a period of data collection continues. However it is important to be aware that the lower the risk, the lower the potential reward becomes.

It is fair to say that any sound strategy needs to have a basis in data. The more data you have, the more comprehensive your strategy. You need to be aware at the point of investment however that there is a chance your strategy will fail, no matter how much data went into creating it. This does not mean the data was bad, just that on this occasion the market won.

Technical analysis of currency movements is now, more than ever, part of the Forex market. As time has passed, different ways of collecting and displaying data have arisen. These differing ways can be taken in isolation to either create or back up a strategy, or can be combined in order to read how the market has arrived at its present point, and how it is likely to move forward. This enables more confident predictions and sounder investments. As time goes on, more data is collected and trends are reinforced. The awareness of a trend allows a more realistic understanding of the market. For someone just starting as a Forex trader, this kind of data is all-important.

One method of technical analysis is looking at diagrams and graphs. Taken over a period of time, this allows us to define and explain a pattern. One of the most popular styles of graph is the “Candlestick pattern”, which tells at a glance for any given day where the price was at the start of a period, at the end of the same period, and its highs and lows in the intervening time. Thus you can see at a glance if a currency is genuinely rising fast or slow, or falling at the same rate. The use of Fibonacci figures is another popular analytical tool. It looks at certain points in the rise or fall of a market and – with incredible regularity – predicts when it will stabilise or “retrace” (this means reversing its trend).

Along with fundamental analysis, technical analysis is one of the two main methods of informing oneself and building a stronger position to profit from the Forex market. While fundamental analysis allows you to predict the movement of a currency by looking at the political and economic position of a country, technical analysis has more to do with looking at collected market data and using it to predict future movement. This is an approach that is very commonly used on the stock market, for example, where historic data is the single most important part of predicting future performance.

While a fundamental analysis will look at the reasons for market movement – allowing us to know why something happened – the technical analysis of the same market will tell us exactly what happened. That is to say that it will give us the raw data. Fundamental analysis requires an extremely broad view and, for those who are disinterested in politics, can be overly time-consuming. If these people are strong technical analysts, they can usually learn enough from the movements themselves. Whatever the reason for a movement, the fact is that currency prices follow trends.

Regardless of anything else, people know that patterns have emerged in how foreign currencies behave, patterns which have held true for more than a century. These patterns mirror human behavior – one of the few constant things in the world – and therefore are an excellent way of predicting the future. You may not know who the President of a certain country is, but if you know how its currency performs over a period of time you are well within your rights to not care.

It is broadly accepted that there are two ways to analyze the Forex market. These are described as “fundamental” and “technical” analysis. Which of these methods works at which time? To help understand how and why, this article will look at fundamental analysis. This is a style of analysis that looks at political and economic conditions which affect exchange rates. Most commonly, these factors include employment rates and economic policies of a governing party. It therefore stands to reason that a general election in a country will have some bearing on the Forex rate for that country’s currency.

Fundamental analysis, as the name suggests, gives a broad overview of the way currencies move, and enables an understanding of where a certain currency is going. The role of fundamental analysis is to strengthen your strategy by giving it an underpinning of sound, concrete factors which have been proven, time and again, to govern how a currency will perform.

To understand the present behavior and confidently predict the future behavior of a currency, it is worth knowing things like interest rates (considered to be an indicator of continuing strength in a currency) and economic factors such as GDP and foreign investment. If a company invests in factories, offices and labor in a foreign country, it brings wealth and potential to that country, and is likely to give its currency a boost. Knowing that a country has foreign investment in the pipeline can enable confident prediction of its currency strengthening and remaining strong.

It has been said by many experienced traders that Forex is a more volatile market than any of the available options. The theory goes that it is difficult enough to judge a single company’s value at a given time and in the future, just imagine how hard it is to do the same thing with a whole country. This philosophy takes the point of view that analyzing the Forex market relies on careful reading over a period of time. Some knowledge of world affairs is also advantageous, as it allows you to be aware in advance of the timing of important announcements which can cause market volatility.

Others will treat the Forex market exactly like they would treat any other stock market, and take a more technical approach to analyzing their next step. This is not as simple a process in Forex as it is in the stock market, as the Forex is a 24-hour market, and the data-gathering systems require some modification to work effectively on Forex. Nonetheless, where these methods of technical analysis have been correctly applied, they have proved to be an effective way of making a profit on the Forex market just as their original forms proved on other markets.

While the first method is more of a global, evidence-based approach and the second tends towards techniques and patterns, both have been proven to be successful if correctly applied. It is highly advisable, though, to recognise which one to apply at a given time, as confusion can easily arise around what exactly the data tells you. Pick the method that you require and use the other to supplement it. That is the only way you can confidently operate in the long term.