Forex Mentor is a Forex training education service run by Peter Bain.  As one of the more popular sources of Forex information on the net, Forex Mentor has trained over 12,000 students in its past five years.

Forex Mentor advocates learning the basics of price support and resistance as opposed to using what it calls "lagging indicators".

I have personally heard very good things from an associate of mine who has recently joined Forex Mentor.  He was just relating with me today how he took his very first Forex trade and made a 20 pip profit.  He’s very excited about the possibilities of earning money based upon the training he is receiving.

I am typically somewhat skeptical of most offerings and I see within the Forex market.  This is not necessarily because I’m a natural born skeptic, it is because as you probably already know there is a great deal of misinformation in the Forex and other financial markets.  It is this misinformation that is the root cause of so many beginners not being able to make money in the Forex market.

I’m very happy to see my friend progress in his Forex trading and from what he has been telling me Forex Mentor seems to be leading him in the right direction.  For instance they are teaching him how to determine price bias based upon identifying the trends in a variety of time frames. This is a key concept in Forex trading.

I’ll be meeting with my friend weekly as he continues to share his excitement about what he’s learning through Forex Mentor.

Click On This Line To Go To The Official Forex Mentor Website

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If you’ve been interested in trading Forex for any length of time at all there is no doubt that you have run across one of the ever-increasing number of Forex robot reviews.

Looking for third-party opinions and reviews is always a good idea before making a purchase of any product. Unfortunately it is difficult to find completely objective Forex robot reviews.

Surfing the Web searching for credible Forex robot reviews you’ll find that the vast majority of them have nothing but great things to say about every single Forex robot being reviewed.  Some of them will have systems where the number of stars indicate the level of quality of the robot in question.  The stars can range from 0 to 10 stars…. and number rating systems can range from 0 to 10 as well.  You’ll be hard-pressed to find a rating less than a seven or eight which would make you think that you’ve really hit pay dirt with the group of Forex trading robots that you’ve found.

The unfortunate truth is that the Forex robot reviews are written by people who essentially work for the Forex robot vendor.  These people are called "affiliates" and they earn a commission each time someone clicks on a link on their website that goes to the Forex vendors website and makes a purchase.

There is theoretically nothing wrong with writing an exciting and positive review of a product that you have used and found to be of great benefit. I would doubt whether the vast majority of those writing Forex robot reviews have even tested the robot or for that matter even trade Forex. What makes matters even worse is that many of these Forex robots are ill-conceived and poorly constructed by people who don’t have the necessary level of skill to create a Forex trading system that can profit in real time.

So make certain to exercise caution when you are searching through Forex robot reviews and don’t be easily fooled by those that have the word "scam" or "ripoff" and the title as those words are simply put their to lure you to the review.

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If you are looking for Forex signals testimonials to help you in your buying decision please exercise caution.  I say this simply because there are certain Forex vendors who may use extremely biased testimonials in order to get you to buy. This makes finding reliable Forex information more difficult than it should be.

The truth of the matter is that the testimonial itself is biased and that they will not help you  to gain an objective view regarding Forex signals. Biased information runs rampant in the Forex industry as you will find it difficult to find objective Forex robot reviews and general Forex software reviews as well.

The objective of Forex signals testimonials is to make Forex product look great and get you to make a purchase.  I’m relatively certain that you will never see a testimonial which mentions anything even resembling a bad experience.  Also keep in mind that out of all the testimonials received the Forex product vendor is of course going to choose the absolute best ones.  The danger here is that the vendor may be displaying nothing more than a set of atypical results which you and I may or may not obtain using their product.

Even if we put all of the above information aside Forex signals testimonials are usually given by people who have little or no experience in Forex trading.  These are typically individuals who have had a small amount of short-term success using a particular product.  Seeing good results of a few trades here and there simply is not enough to evaluate whether or not a Forex signal has merit.

My suggestion to you is that you just completely ignore any Forex signals testimonials you may find.  Base your evaluation of the product upon something more tangible such as a long time track record of some type.  By long time I mean a lot more than just a few months that are typically shown by Forex products vendors.

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Finding reliable Forex information can be a challenge.  If you’re looking to get started and Forex trading the first things you will need to look for will be Forex training and Forex trading education information.  There are a wealth of Forex trading tutorials as well as Forex courses to help you learn about Forex trading online.

You’d do well to learn Forex trading using some of the readily available free Forex information sources.  I would suggest this over simply going out and buying a Forex system in the form of a Forex trading software.  It seems every other day that some new Forex trading software pops up for sale each claiming to be better than any previous system.  As you get started as I stated before it will simply be better for you to stay away from these and learn about the market yourself.

One extremely valuable way to learn Forex trading is to simply open up a Forex demo account.  A demo account is free and available at most any Forex brokerage.  These accounts typically feature real-time data as well as Forex charts.  This is a great way for you to get started watching Forex price action.  Watching market movements can give you valuable insight into the dynamics of the Forex market.  This in and of itself is very valuable Forex trading education.

You can also visit some Forex forums and get trading tips and techniques from experienced traders.  As with any Forex information don’t immediately take anything that you read as if it were etched in stone.  Try out new techniques using your Forex demo account and trade there until you feel comfortable enough to do so with real money.

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A Forex account must be set up in order for you to trade Forex. These type of accounts are referred to as margin accounts. The minimum margin is the amount of money you need to have in your account to trade a Forex contract, also known as a "lot".

Think of the margin as a "good faith deposit". You put money in your Forex brokerage account and your Forex broker allows you to trade a Forex contract. The Forex contract has a dollar amount of far greater value than the amount of money you are required to have in your account. For example,  a standard EURUSD (Euro Dollar/US Dollar) contract has a value of $100,000. The amount required to trade this contract is generally around $1,000. This gives you leverage of 100:1. Leverage is one of the key reasons traders open Forex accounts.

Please bear in mind that the leverage available in Forex is a double-edged sword that can work against you as well as for you. You can profit or lose very quickly trading Forex. This is true of all highly-leveraged financial contracts. This is one of the reasons you will see a risk disclaimer associated with every Forex account.

Here are some of the typical Forex accounts you will encounter:

Forex Demo Account

A demo account has virtual cash in it usually up to $100,000. Using a demo is a great idea and allows you to familiarize yourself with your broker’s trading software. You can practice as much as you want without any financial risk.

Forex Micro Account

A micro account is a smaller version of a standard account. You can open a micro account for as little as $25.

Standard Forex Account

Standard accounts require your initial deposit to be at least $2,000. If you do not have experience in Forex trading I would strongly suggest that you open a micro account first. Once you see that your trading methods are stable and profitable you will feel more comfortable about opening a standard.

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