Forex Mentor Pro Review: Pros and Cons
My Forex Mentor Pro review will outline the pros and cons of the program as well as give you a first-hand account of what exactly you can expect from the training.
Can Forex Mentor Pro Help You?
Forex Mentor Pro is aimed at the novice Forex trader but those with some experience will also find much here that will improve their trading.
The education section of the member’s area has a module that is purely dedicated to the basics of Forex trading. Topics such as candlesticks, support and resistance, Fibonacci, moving averages etc.
It’s all pretty basic stuff to anybody that’s been in Forex for a while but for a complete novice, it’s a must-read module. Actually ‘read’ is not an accurate description as much of the module, and indeed the entire mentoring program is in video format. I personally like this aspect as I’m a much better learner when I’m being shown rather than when I’m having things explained to me via text.
The module also serves as a nice refresher to those that may already be familiar with the basic concepts. I know for me the units involving trading as a business and the importance of keeping a journal of your trades, was a useful reminder and a much-needed kick in the pants!
Forex Mentor Pro Features
The Forex Mentor Pro mentoring program has a huge amount of training and guidance but it’s presented in such a way so as not to overwhelm the student.
Some of the key features and benefits found in the member’s area are:
- 3 Powerful Forex Trading Systems
- Custom Trading Indicators
- Private Members Forum
- Daily Video Analysis of Trades
- Step-by-Step Forex Video Training
- Support Ticketing System and FAQ’s
The 3 Forex trading systems offered in the member’s area are pretty solid and based on sound technical foundations. They are all based on the solid concepts of price action and supply and demand.
I’m not a huge fan of indicators personally and so I ended up tailoring my personal favorite strategy to suit my needs.
I tend to use the FMP Fotis Trigger System more than the other two as it fits into my daily trading regime. I trade full time so am at my charts for most of the UK and US sessions.
If you have a day job then you might find that the other two systems fit you better.
The good thing about the fact that there are 3 strategies offered is that you’re sure to find at least one that suits your lifestyle and availability.
Forex Mentor Pro Members Area
The member’s area of Forex Mentor Pro is pretty extensive and has a lot of features you’ll want to explore. Take a look at this short video where creator, Marc Walton guides you through the various areas.
Please note the original video is quite low quality. Click the ‘HD’ button and select 640px. I will try to record another video in the coming weeks with better quality.
Is Forex Mentor Pro a Scam?
The question of whether a particular course, system or expert advisor is a scam or not, is one that gets raised all the time. For the most part, I’d say that’s a good thing as the truth is that the majority of them are completely bogus and should be avoided like the plague.
When it comes to something like the Forex Mentor Pro mentorship, however, it really doesn’t apply.
Why is that you might ask?
Well, consider what’s being offered. They clearly state that they are not offering a get rich quick scheme or a signal service. What they are offering is a solid training program, proven forex trading strategies and a great support network.
If all three of those promises are being met then how can it ever be considered a scam?
Now you may question the validity of the training or the strategies on offer, but that would be your own decision and would be based on your prior expectations.
Hopefully with the help of this website those expectations will be realistic and based on correct information.
If you are looking for great training, solid strategies and a good support network of both mentors and peers, then this is certainly no scam.
That’s exactly what you’re getting!
Pros and Cons of Forex Mentor Pro
I think the Forex Mentor Pro program does a pretty good job of meeting the needs of the majority but there were a few things that I personally found annoying and have asked them to look into.
Before I get to that, though, let me highlight the pros of the program.
Pros of Forex Mentor Pro
When considering a course like this or indeed anything that’s being offered for sale, I always take a look at who’s offering the item.
In this case, it’s Marc Walton and so I did some research into who he is and what makes him someone I should listen to.
Marc seems like a decent guy and as far as I could tell, has a good reputation on the Internet. It’s hard for the bad mentors to hide on the web so a simple search gave me everything I needed to know.
The 3 strategies being utilized by the mentors and their students are sound and logical. They are based on solid concepts such as price action and support and resistance. These two things form the basis of how markets move and any course that doesn’t address them is totally bogus.
The custom indicators used are pretty cool although I did have an issue with the licensing server, which I’ll address below.
One other thing that I really liked was the active forum they have. You can interact as often as you need to do with all of the great mentors that are available. You get to ask them questions about their methodologies, their trade setups, their reasons behind taking the trades, and anything else you want to know.
You can also talk to other members to see how they handle their trades and ultimately get a better idea if you’re on the right track or not.
It’s this constant interaction with both mentors and peers that helped take my trading to the next level, and it will help you to do the same.
I’m sure of it!
Cons of Forex Mentor Pro
I’ve already alluded to it, but my biggest gripe with the program was when it came to the indicators. More specifically my issue was with the licensing server.
Now I totally understand and respect the need to ensure that the indicators are only being used by members and not being spread around for every Tom, Dick or Harry, but there needs to be a better implementation.
From what I could see the licensing check was being done for every indicator on every chart.
For something like the FMP Fotis Trigger System, were talking 6 or 7 indicators. If you monitor the most liquid pairs like I do, that’s 7-8 charts with 6-7 indicators… that’s 56 license checks!
This constant checking and re-checking caused my MetaTrader 4 installation to crash a few times, which was very annoying, to say the least.
As I say, I understand the need to check that the indicators are being used by legitimate members but there has to be a better, more efficient method of implementing it.
With that said, I really couldn’t find too much to complain about, to be honest… which is strange for me!
Overall I think the Forex Mentor Pro is a great program and I’d definitely recommend it to anybody that’s maybe just starting out in Forex. I also think that intermediate Forex traders will benefit from the training and mentoring that’s on offer.
For me the most important thing when it comes to any kind of training is support. I never want to just buy a course and then be left hanging when it comes to actually using the information that’s been purchased.
I want to be able to have constant contact with the course’s creators and know that they have enough belief in themselves and their offering, to back up their claims.
Forex Mentor Pro is a complete mentoring program and you have complete access to not only Marc Walton, but also the other mentors via the private forum.
The other good thing about the Forex Mentor Pro solution is of course, the price. The normal monthly rate is $47 which is itself, a great deal and better than most other, similar programs on offer.
If you take advantage of the one-year membership you save a whopping 65%, which is amazing and a great deal!
You get to test-drive the entire offering for yourself and see if it meets your needs. It really doesn’t get much simpler than that so what are you waiting for?
Take Forex Mentor Pro for a test-drive right now … and then come back and let me know how it worked out for you… you won’t regret it I promise you!