Peter Bain – How to Trade the Forex Like The Big Dogs

Peter Bains Forexmentor is a comprehensive forex training course and includes a trading system based on the widely used concept of support &  resistance . In addition to pivot points you would also learn  to look for a 'confluence' of events occurring including chart patterns, candlestick patterns, trendlines, and MACD divergence. Forexmentor is a very popular course and has consistently received positive reviews from the trading community.

If you are looking for a course which has maintained a good solid reputation over the years, Peter Bain is the man to go to.Peter's course is based on pivot point system. Everyday roughly $1.5-$2 Trillion are traded on the FX market.An estimated  50% of that money, is directly controlled by the large global trading banks such as Citibank, Deutsche, UBS, JPMORGAN Chase. A point to note is that the traders at these banks, the 'Big Dogs' trading 1000+ lots per trade, do use pivot points.

Other than pivot points Peter talks about looking for  "confluence" of events before "pulling the trigger". Example: Is the trend up or down  ? Is there divergence to price on MACD? Is there a valid trendline break? Is there an outside bar or other reversal candle patternThe key to trading is to have a proven system (which works for you) and keep it simple. You will find Peter Bain reiterating the fact by saying " Pick up a currency pair and love it to death."

The price of $395 might seem heavy for some traders but given the 6 month mentoring  which comes with it , it's a great value. Another good feature of the course is the daily video   review (about 1 hr per day) of price action for the EUR/USD

DOWNLOAD LINKS

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