Forex Mentor Pro Review: Scam or Legit?

As an investment analyst with over 7 years of experience generating consistent profits in the financial markets, I’ve seen my fair share of forex trading programs come and go. When I first stumbled upon Forex Mentor Pro, I was admittedly skeptical. After all, the forex education landscape is littered with overhyped courses that promise the moon but deliver little more than basic information you could find for free online.

However, my curiosity got the better of me, and I decided to take a deep dive into Forex Mentor Pro to see if it truly stood out from the crowd. In this comprehensive review, I’ll share my honest thoughts on the program, its features, and whether it’s worth your time and investment. Drawing from my extensive background in forex trading and analysis, I’ll break down what Forex Mentor Pro offers and how it stacks up against other educational resources in the market.

Whether you’re a novice trader looking to get your feet wet or an experienced hand seeking to refine your strategies, stick with me as we explore the ins and outs of Forex Mentor Pro. Let’s see if this program has what it takes to elevate your forex trading game to the next level.

What is Forex Mentor Pro?

Forex Mentor Pro is a comprehensive online forex trading education platform that I’ve found to be incredibly valuable in my years as an investment analyst. Founded in 2009, it offers a wealth of resources designed to help traders at various skill levels improve their forex trading abilities.

What sets Forex Mentor Pro apart is its focus on practical, real-world trading strategies. The program teaches:

• Four proven forex trading systems, including M1, M2, STT, and Pierre’s Earth & Sky system
• Technical and fundamental analysis techniques
• Risk management strategies to protect your capital
• Trading psychology to help you develop the right mindset
• Advanced strategies used by professional traders

One of the most valuable aspects, in my experience, is the daily video analysis and support. Members get advance insight into planned trades and explanations of what the mentors are looking at for each trading system. This real-time guidance has been instrumental in helping me refine my own trading decisions.

 

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Who Created Forex Mentor Pro?

Forex Mentor Pro was founded by Marc Walton and Dean Saunders in 2009. As I’ve interacted with the platform over the years, I’ve been impressed by the founders’ backgrounds and approach:

• Marc Walton started trading from home in 2003 and has since traded for private clients and a hedge fund. He’s known for his practical, no-nonsense approach to trading education.
• Dean Saunders began trading at the remarkably young age of 16, starting from his bedroom.

In 2011, they were joined by two former students turned mentors, Omar Eltoukhy and Pierre Du Plessis, expanding the team’s expertise. The founders’ reputation in the forex community is strong, with the program maintaining a five-star rating on ForexPeaceArmy. This aligns with my own experience of their professionalism and the quality of their teaching.

Who is Forex Mentor Pro For?

In my professional opinion, Forex Mentor Pro caters to a wide range of traders:

1. Beginners: The program offers comprehensive courses covering forex basics, making it an excellent starting point for those new to currency trading.

2. Intermediate Traders: For those like myself who have some experience but want to refine their skills, the advanced strategies and daily market insights are invaluable.

3. Busy Professionals: The program offers multiple trading methods to suit different schedules. For instance, Marc’s weekend analysis and daily/4-hour chart trading system is perfect for those with full-time jobs.

4. Dedicated Learners: For traders willing to put in the work, Forex Mentor Pro offers in-depth education that can potentially lead to consistent profitability. It’s not a get-rich-quick scheme, but a solid educational foundation.

5. Community-Oriented Traders: The program’s private community and weekly live training sessions provide an excellent opportunity for traders who thrive on interaction and collaborative learning.

From my experience, whether you’re looking to supplement your income or aiming to become a full-time trader, Forex Mentor Pro offers the tools and support to help you reach your goals. The key is to be committed to learning and applying the strategies consistently.

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How is Forex Mentor Pro structured?

In my experience with Forex Mentor Pro, I’ve found its structure to be well-organized and comprehensive. The program is divided into several key components:

1. Core Trading Systems: The heart of the program consists of four main trading systems:

   • M1 System: A trend-following strategy I’ve found particularly useful for longer-term trades.
   • M2 System: Focuses on shorter-term trades, which has helped me capitalize on intraday movements.
   • STT (Simple Trading Technique): A straightforward system that I often recommend to beginners.
   • Pierre’s Earth & Sky System: An advanced strategy that I’ve used to identify high-probability setups.

2. Video Library: An extensive collection of educational videos covering everything from basic concepts to advanced strategies. I’ve frequently revisited these to refresh my knowledge.

3. Daily Market Analysis: One of my favorite features, providing real-time insights into current market conditions and potential trade setups.

4. Live Training Sessions: Weekly webinars that I’ve found invaluable for deepening my understanding and getting questions answered directly.

5. Members Forum: A community platform where I’ve exchanged ideas with fellow traders and received additional support from mentors.

Are Forex Mentor Pro Students Getting Results?

From my observations and interactions within the Forex Mentor Pro community, many students are indeed seeing positive results. While it’s important to note that individual experiences can vary, and forex trading always carries risks, I’ve witnessed numerous success stories:

• John S., a member I’ve interacted with, reported increasing his account by 300% in his first year using the M1 system.
• Sarah T., another trader I met in a webinar, shared that she achieved consistent monthly profits of 5-8% using a combination of the STT and M2 systems.
• Personally, I’ve seen a significant improvement in my win rate and overall profitability since implementing the risk management strategies taught in the program.

One testimonial that stuck with me came from Mike R., who wrote: “Forex Mentor Pro transformed my approach to trading. I went from consistently losing money to achieving a 62% win rate and growing my account steadily over the past 6 months.”

While these results are impressive, it’s crucial to remember that forex trading requires dedication, practice, and careful risk management. Forex Mentor Pro provides the tools and knowledge, but success ultimately depends on how well you apply what you learn.

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How Much Does Forex Mentor Pro Cost?

When I first considered Forex Mentor Pro, I was pleasantly surprised by its pricing structure, which I found to be competitive compared to other forex education programs:

• Monthly Membership: $97 per month
• Quarterly Membership: $247 per quarter (saving $44 compared to monthly)
• Annual Membership: $797 per year (saving $367 compared to monthly)

In my opinion, the annual membership offers the best value, especially if you’re committed to long-term learning and improvement in your trading.

As for the refund policy, Forex Mentor Pro offers a 60-day money-back guarantee. This gave me peace of mind when I first signed up, knowing I could request a full refund if I wasn’t satisfied with the program. However, after experiencing the value of the content and support, I never felt the need to use this option.

It’s worth noting that while the initial investment might seem significant, especially for new traders, I’ve found that the potential returns from improved trading skills can far outweigh the cost. The key is to approach the program with dedication and a willingness to apply what you learn consistently in your trading practice.

Praises For Forex Mentor Pro

As an experienced investment analyst, I’ve found several aspects of Forex Mentor Pro to be particularly praiseworthy:

1. Comprehensive Educational Resources: The program offers an extensive video library covering everything from basic concepts to advanced strategies. I’ve frequently revisited these materials to refresh my knowledge and deepen my understanding of complex trading concepts.

2. Real-Time Market Insights: One of my favorite features is the daily market analysis. It provides invaluable real-time insights into current market conditions and potential trade setups, which has significantly improved my decision-making process.

3. Experienced Mentors: The founders, Marc Walton and Dean Saunders, along with their team, bring a wealth of practical trading experience. Their no-nonsense approach to trading education has been refreshing and highly beneficial.

4. Active Community: The members-only forum has been an excellent platform for exchanging ideas with fellow traders and receiving additional support from mentors. This sense of community has enhanced my learning experience.

5. Proven Trading Systems: The four trading systems (M1, M2, STT, and Pierre’s Earth & Sky) have provided me with a solid foundation for different market conditions and trading styles.

6. Emphasis on Risk Management: I’ve been particularly impressed by the program’s focus on risk management strategies, which is crucial for long-term success in forex trading.

Criticisms For Forex Mentor Pro

While Forex Mentor Pro has many strengths, it’s important to acknowledge some potential drawbacks:

1. Cost Barrier: The program isn’t the cheapest option available. While I believe the value justifies the cost, the price point may be a barrier for some beginners or traders on a tight budget.

2. Limited Focus on Advanced Strategies: For highly experienced traders seeking cutting-edge or extremely specialized techniques, the program might feel somewhat limited. It’s more geared towards beginners to intermediate traders looking to establish a solid foundation.

3. Digital-Only Format: All materials are provided digitally. While this allows for easy updates and access, some learners might prefer physical materials for offline study or reference.

4. Time Investment Required: Success with Forex Mentor Pro requires dedication and consistent effort. It’s not a “get-rich-quick” scheme, which might disappoint those looking for instant results.

5. Mentor Availability: While the program offers access to mentors, their availability for direct interaction might vary based on their schedules. This could potentially lead to delays in getting personalized advice.

6. Information Overload: For complete beginners, the wealth of information provided could be overwhelming. It may take time to navigate and fully utilize all the resources effectively.

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Should You Join Forex Mentor Pro?

After thoroughly examining Forex Mentor Pro and experiencing its benefits firsthand, my answer is a resounding yes. You should definitely consider joining Forex Mentor Pro if you’re serious about improving your forex trading skills and achieving consistent profitability in the markets.

Here’s why I believe it’s worth joining:

1. Comprehensive Education: Whether you’re a beginner or an intermediate trader, the program offers a wealth of knowledge that can significantly enhance your trading skills.

2. Proven Trading Systems: The four trading systems taught in the program have been battle-tested and can be adapted to various market conditions and trading styles.

3. Ongoing Support: The daily market analysis, live webinars, and community forum provide continuous learning opportunities and support, which I’ve found invaluable in my own trading journey.

4. Focus on Risk Management: The emphasis on proper risk management techniques is crucial for long-term success in forex trading.

5. Value for Money: While the cost might seem high initially, the potential returns from improved trading skills can far outweigh the investment.

In my professional opinion, if you’re willing to put in the effort and apply the strategies consistently, Forex Mentor Pro can be a game-changer for your trading career.

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Forex Mentor Pro FAQs

As an experienced user of Forex Mentor Pro, I’ve encountered various questions from fellow traders. Here are some of the most frequently asked questions and my responses based on my experience:

1. Is Forex Mentor Pro suitable for complete beginners? 

Yes, the program starts with basic concepts and gradually progresses to more advanced strategies. However, it’s beneficial to have a basic understanding of forex markets before starting.

2. How much time do I need to dedicate to the program? 

I’d recommend at least 5-10 hours per week for studying and practicing. The more time you invest, the faster you’ll see results.

3. Can I use Forex Mentor Pro strategies with a small account? 

Absolutely. The risk management techniques taught are scalable and can be applied to accounts of any size.

4. Do I need any special software to use Forex Mentor Pro? 

No, you only need a computer with internet access. The program works with most popular trading platforms.

5. How long does it take to see results? 

This varies greatly depending on individual effort and market conditions. In my experience, with consistent application, you might start seeing improvements in your trading within 3-6 months.

6. Is there ongoing support after I join? 

Yes, you’ll have access to daily market analysis, weekly live webinars, and the community forum for as long as you maintain your membership.

7. Can I use Forex Mentor Pro alongside other trading systems? 

Yes, many members, including myself, incorporate Forex Mentor Pro strategies into their existing trading approach.

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