Forexmentor – How to Trade Currencies Like the Big Dogs

Learn to Day Trade The Forex with Peter Bain’s Original Home Study Forex Mentoring Program

Statistics show that the majority of new traders to the Forex rely on technical indicators and black box systems to guide their trades.

It seems like every Forex education website offers this type of training. That said it’s only natural for new traders to assume that these systems are the ones you must use if you want to conquer the Forex.

These methods are fine if you are the type of person that likes to work with cluttered (not to mention confusing) charts – and if you are perfectly happy being so far-sighted that you trip over things right in front of your face.

I Don’t Know About You, But I Like To See Where I’m Going.

The problem with technical indicators and black box systems is that they don’t allow you to adapt to sudden changes in the market.

To successfully trade the Forex, you have to be able to change with it. Cluttering your charts with indicators and other complicated systems might help you forecast the market – as it exists right now – but what if something changes?

The truth of the matter is technical indicators will not reflect those changes quickly enough. They lag behind. When they don’t reflect those changes right away, you lose. If indicators are the only tools you have to trade the Forex, when the market dynamic changes, you will not have the tools you need to successfully change with it and allow your trades to reflect those changes.

Commercial Traders Don’t Use Fancy Technical Indicators!

You and I are small potatoes compared to some of the bigger traders. Commercial Traders or “Big Dogs” 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 live 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.

But they don’t do this by using fancy technical indicators or black box systems. They know those systems take up too much time, clutter their charts, and hinder their ability to adapt to market dynamics. Instead, they pay careful attention to price action as they find major support and resistance levels!

Here’s The #1 Mistake Most New Traders Make…

You see, I “cut my teeth” on the Forex way back in 1997, in the days before learning to trade the Forex became an Internet sensation. There weren’t all the online “resources” that there are today, which means there weren’t thousands of people trying to “teach” me different ways to be successful with it – and confusing what can be a fairly simple process.

That was a good thing. What was even better was that 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. What I learned from them forever changed my perception on how to trade the Forex successfully.

Also Get Forexmentor – How to Trade Currencies Like the Big Dogs on Traderknow.com

During my training with the “Big Dogs”, 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 – and like you probably have right now.

I realized 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”. This condition occurs when you are stuck in idle because you bog yourself down in so much information and indicators that you cannot make any trading decisions – or worse, make the wrong decision by missing the obvious.

That’s what was happening to me. I’m willing to bet it’s what is happening to you too.

Price Support and Resistance are the Most Important Signals in Trading! Here’s why…

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 reference so he can see what price is doing and more importantly find his support and resistance levels.

I began to change the way I look at the market with that epiphany. Over the next 18 months, I devised the steps for a simple system for myself to guide my forex trading. I called it my Forex Dashboard System.

And here it is…

As you can see, price action becomes the central focus in my Forex trading!

How simple is that? The truth is you don’t need to clutter your charts with all those indicators to be successful. They’re cluttering your decision-making skills as much as they clutter your charts. All successful “Big Dog” traders focus on price and its relationship to support and resistance. To conquer Forex trading, you have to use them too.

Learn How to Bark Like the “Big Dogs” And You Learn How to Conquer the Forex… It’s THAT Simple!

When I created the Forex Dashboard System, it was as if the fog had been lifted right in front of my eyes. Not only did my trading results improve overnight, but I was having fun again. With my Forex Dashboard System I found could see what the market was doing and where it was headed.

Now tell me this: What more effective indicator is there? If you can use a simple system to see what the market’s doing and where it’s headed, what else do you need to be successful?

The answer is NOTHING.

I was so excited when I finally cracked the Forex that I 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.

Here’s the Skinny on How My System Works

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.” Just like the pros.

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. Well, as currency traders, we are not concerned about what caused the price movement. We are traders – not economists. We are only interested in profiting from the aftermath volatility as a result of these global fundamental events.

Determine Entry and Exit Points Using the Dashboard…

When a market reaches certain low levels, they are at a support level (support being a price 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 level of resistance is eventually reached as a price level is rejected by buyers because the sellers are asking too much. The price will begin to move downward from this level of resistance. Other sellers join in, the crowd factor multiplies and price swoons. Support and resistance levels are extremely dynamic in Forex trading – meaning that they are subject to change from day to day. These levels must be recalibrated from day to day. Technical indicators aren’t as effective because they can’t react quickly enough.

…And These Key Levels Can Be Figured This Out Using Simple Math!

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 price levels, professional traders and automated trading systems will automatically kick in to buy or sell the currency. This facilitates price movement predictability.

My system enables you to quickly react to an ever changing Forex market, as well as to easily pinpoint entry and exit points. These factors are why my system competes favorably with systems which are based on “lagging” indicators. These other so called systems will simply pale in comparison.

Want to Increase Your Trading Odds Even More?

To further improve my trading odds, I combine pivot levels with a small number of the consistent, reliable and re-occurring key technical indicators and chart formations. The ones I am particularly interested in are the powerful reversal formations at tops and bottoms of price ranges.

Guess what happens?

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.

My system uses pivot points to see in advance potential levels of support and resistance, as well as levels for potential major market reversals.

But Here’s the Problem with My System…

It’s effective. It works. It has turned frustrated traders into Forex market marvels!

I know that doesn’t sound like much of a problem, but it is. I used to get barraged with 100’s of emails a week from people just like you who request my help. They want to learn all my secrets, and they’re willing to pay a hefty price to get it. (One guy offered me a blank check. No joke!)

I don’t have time to travel all over the world or take on every student who requests my help – as much as I would truly like to.

That is my main reason for offering you all of the free information in this letter. You may have learned just enough that you can add the info to what you already know – and run with it. But the majority of you will still have questions. And I want to be able to answer all of them.

That’s why I developed a complete home study course to answer all your questions and guide you, step-by-step, to apply my strategies to your trades.

I’m Serious When it Comes to Turning All My Students Into Successful Traders!

My home study Forex video course and video Forex mentoring explain these strategies and shows you in detail how to use these powerful pivot levels to direct your currency trading. With our Forex training, you will master these techniques and they will go a long way to improving your bottom line.

You’ll receive answers to all your questions as Forex trading turns from a complicated puzzle that’s always missing a piece – to something as second nature as reciting your ABC’s.

You’ll learn:

• How to interpret and understand market price action
• How to plot support and resistance levels on your price chart
• And How to establish frames of reference on your price chart using pivot levels. This isn’t nearly as complicated as it sounds!
• How to know if price is trading in a BUY zone or SELL zone. An invaluable skill!
• How to predict the expected daily lows and highs. When you know this, you can trade to win.
• How to identify real price reversal patterns and distinguish these from false market signals.
• How to identify real price reversal patterns.
• And How to pick price tops and bottoms
• How to quickly conduct a multiple time-frame, TOP-DOWN analysis.
• The key times of day to trade.
• How to determine the price bias before you start your Forex trading day.
• Discover which currencies are actually ready to make a move.

And I Don’t Stop There!

The information-packed pages of my Forex training course include practical tips and real-life examples. You’ll not only learn how to make successful traders – you’ll also get to see trades in action to learn how the info you’ve just learned is applied.

• • Learn the top mistakes unsuccessful Forex traders make, and how to AVOID them. I’m not just talking about technical indicators either. There are common mistakes attributed to new traders. By knowing what they are, you can 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.
  • And Learn how to use “Scalping” and “Position Trading” for profits during price consolidation periods.
  • Learn how to use Top-Down price analysis to see the true trend.

and much, MUCH more!.

I promise you that I don’t stop until we’ve uncovered every piece of info, technique, and strategy that you need to learn to trade the Forex.

But WAIT! People learn best by observing – not reading!

The truth is, if I just sent you a huge PDF file or manuals jammed with all this info, I wouldn’t be doing you any bigger of a favor than the guy who told you that you’d “get rich from Forex trading” using technical indicators and black box systems.

Trading the Forex doesn’t have to be complicated but it is not for the uneducated. But before it becomes second nature to you, you have to know and understand the tools you’ll use – and, more importantly, be taught to use those tools in an effective manner.

Needless to say, pages upon pages of written content would give you another headache and confuse you even more. You need written explanations, but you also need interactive lessons that show you how to apply what you’ve read and make it so that even a clown will understand it.

I guarantee that this is the only system on the market today that breaks everything down and makes it so easy. That’s because I’m not trying to sell you an idea. Instead, I’m teaching you the exact strategies and system I’ve used – and the big dogs use – to rake in Forex success.

All The Tools You Need to Trade the Forex Are Right Here!

Just look at all the tools that you receive when you sign up to take my home study course:

• The “How to Trade Currencies Like the Big Dogs”course instruction manual provides you with in-depth forex training. This interactive manual, used in conjunction with the accompanying video CDs, provides you with technical information of my forex trading system. You get proven trading tools and strategies, used by professional traders, to take profits consistently from the forex market.
  

  Also Get Forexmentor – How to Trade Currencies Like the Big Dogs on Traderknow.com

• 20+ hours of Interactive Training Videos explaining the forex market and my forex trading system. These CDs contain over a hundred forex training video clips of me explaining, with real charts, the various aspects of my forex trading program and how to trade the forex. (10 computer CDs)
• The “Forex Supplementary Guide” This supplement to the “How to Trade Currencies like the Big Dogs” technical training manual, is an introduction to the forex market and forex trading mechanics. It provides you with the background and basic information that you need to learn to trade the forex successfully.
• 3 hours of Live Forex Training by Peter Bain on 2 professionally produced DVDs (2 DVDs)
• Free Forex Training with 3 months of unlimited access to Peter Bain’s Mentorship Website (a $199 value).
• My Course is More than Just a Collection of Manuals and CDs!
• Purchasing my course gives you an exclusive membership in the Forexmentor member website. The membership benefits include hundreds of hours of videos and instruction all dedicated to make you a better Forex trader.
  

  Also Get Forexmentor – How to Trade Currencies Like the Big Dogs on Traderknow.com

• The key element is my AM Review. Each week, I produce three video tutorials for my student traders called the AM Review. That’s right three times a week I analyze current market conditions to help you learn and use my system and answer member questions. These tutorials reinforce strategies you’ve already learned and provide even more “insider” information on trading in the Forex market.

Purchasing my course only starts with the manuals and DVDs. I provide you an additional three months of almost daily video reinforcement and email support.

This Membership Area Includes…

• Video Questions and Answers – That’s right! I will personally answer your email trading questions via live streaming video. You probably think we’ve gone off the deep end! But again, we are fully committed to your success!
• Daily Trading Examples and Reviews – Success by repetition! Everyday, I will illustrate successful forex trading techniques using the most recent trading markets. These videos streamed to your PC put you right in front of the action! No more reading static charts and text. You can watch these videos any time for as many times as you like.
• Daily Pivot Data for the 6 Major Pairs – We calculate the daily pivots for all the major currency pairs & make them available to you. So you don’t have to do the work!
• Searchable Streaming Video Tutorials on Advanced Forex Topics – Your forex training never stops because the market keeps changing. We will introduce you to new forex trading techniques. Fine-tune your entry and exit strategies. A successful trader never stops learning. There’s always new information about profit opportunities.
  

  Also Get Forexmentor – How to Trade Currencies Like the Big Dogs on Traderknow.com

• Forex Online Pivot Calculator – Fine-tune your forex trading by calculating your own pivot points. Trade other markets using these same pivot point principles.
• Meet Local forex traders in your area through one of our dozens of local user groups all over the world.
• Searchable Commonly asked trading questions
• Special member discounts to personal forex training, mentoring, workshops and much more!

You see, it’s my goal to turn each student I have into a seasoned trader, and then walk with them as they grow into a Forex trader.

My ultimate satisfaction is when you that you do not need me anymore – you are a successful independent Forex trader capable of making your own decisions and living with the results. In fact you even may not agree with me on some instances. And that is how it should be.

Also Get Forexmentor – How to Trade Currencies Like the Big Dogs on Traderknow.com

I strongly believe that Forex trading has the potential to allow committed individuals the ability to become their own boss and if my training helps you achieve this objective then I consider myself a success.

That’s the exact reason why I’m going to go ahead and throw in these videos – FREE—for a full three months.

I don’t want stop at the course. I want to offer ongoing support so you can understand and apply the concepts.

But sometimes even all this isn’t enough. There are times when you’re going to have a question, and wish that you could ask an experienced trader and get the correct answer.

Get Live Mentorship Whenever You Need It …

When you take my home study course and become a member, you instantly receive access to a committed team of associate mentors who can offer you additional support and resources – whenever you need it.

This means that not only do you have all the course materials, tools, membership area, and videos… you also have access to experienced mentors who offer you guidance at the very minute that you need it the most.

…And These Three Amazing FREE Bonuses for Signing Up Today!

• BONUS #1: Real trading examples are the best way to learn my forex trading system. I will include illustrated trading examples from 2003 to present. That’s an astounding 700+ hours of video. In addition, I will include archived examples with video and audio commentary which are searchable with our very own in-house Search Engine. (a $89 Value)
• BONUS #2: Predict long term trends of currency pairs with this amazingly accurate tool. This 2 CDs with Commitment of Traders (COT) Modules will explain everything you need to know to effectively use this powerful proxy tool. In this bonus resource, I will show you how to anticipate currency price reversals using Commitments of Traders with amazing accuracy. It is as close to a crystal ball as you will ever get. Pro Traders will hate me for revealing this little known secret to retail traders. What’s more amazing is that the information is readily available but only a very few traders know how to interpret this data. I will show you how. (a $199 Value)
• BONUS #3: “What To Do Before You Press Enter” Receive this mentorship quickstart ebook guide in which I will reveal just how easy it is to mimic the pros and ride their coat tails to incredible profits. From choosing the right broker to computer setups, I will show you everything you need to know to start trading the right way.

Also Get Forexmentor – How to Trade Currencies Like the Big Dogs on Traderknow.com

Now, I know what you’re thinking. You’ve read through this letter, and you’ve are convinced that you finally have found a Forex trading system that makes sense and can work for you. And you know that the tools I’m offering are just the things that you need to learn my system and start trading the Forex successfully.

But you’re also thinking that you’ve priced online Forex courses, and you know that they can cost up into the thousands of dollars. Yes. With all I’m offering you, I can bet that right now you’re muttering under your breath… “Peter, This is All Great, But I Just Can’t Afford To Invest Thousands of Dollars Into a Course Like This Right Now!

”

I know that, and I understand. After all, you want to learn to trade the Forex so that you make money and have more money.

Right?

You definitely don’t want to lose a dime that you don’t have to or spend what would otherwise be your Forex investment money on pricey how-to courses. I have good news for you.

My home study course – with everything I’ve detailed in this letter – isn’t going to cost you $1,200, even though you know it would still be worth every penny at that price.

It’s not even going to cost you the famous $997.

Peter R. Bain,
Founder, Forexmentor.com