Peter Bain and Lennox Chambers created this system to help confused traders approach the Forex trading differently. They want to make it simpler and more mechanical with less subjective interpretation of the rules. They created Simple 1-2-3 Forex Trader with the goal of making Forex trading more accessible and less tedious. Lennox has been trading the S123 strategy for over a decade and recently applied these techniques to the Forex with spectacular success. Peter is the founder of Forexmentor.com with 20 years of trading experience and has mentored thousands of Forex traders in the past 15 years.
The problem with learning to trade forex alone is that you can only go so far. When you get confused or lost – you’re alone. Yes, you can submit a ticket to get support, but it often comes from someone who doesn’t know any more than you. At Forex Mentor Pro we work differently. When you choose us, you get access to our experts who have over 50 years of combined trading experience! as well as our proven systems.
Forward testing is performed either on a demo account or on a very small (micro) live account. During such tests, you trade normally with your strategy as if you were trading your live account. As with backtesting, forward testing can also be automated. In this case, you would need to create a trading robot or expert advisor to execute your system. Of course, with discretionary strategy, you are limited solely to manual testing. Forward testing results are considered to be more useful and representative than those of the backtests.
A forex trading strategy works really well when traders follow the rules. But just like anything else, one particular strategy may not always be a one-size-fits-all approach, so what works today may not necessarily work tomorrow. If a strategy isn't proving to be profitable and isn't producing the desired results, traders may consider the following before changing a game plan: 
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

The problem with trader training is that it’s glossy, shiny and comes with all sorts of promises. When you sign up, you think you’re getting access to professional knowledge, but in fact what you’re getting is an array of ‘get rich quick’ promises that rarely, if ever, come true. The reality is that you never get close to any professional traders. You don’t get to share in their personal experience.
find forex brokers that have offices in reputable countries like in UK, US, Canada, and Australia because the regulatory compliance of these countries are much better than others..that’s why I say that. In the US, a reputable forex broker will be a member of the National Futures Association (NFA) and will be registered with the U.S.Commodity Futures Trading Commission (CFTC) as a futures commission merchants and retail foreign exchange dealer. In the UK, forex brokers are regulated under the Financial Conduct Authority(FCA) and in Australia, forex brokers are regulated under the ASIC.
Divergence is a tool that helps the traders to learn the price behavior of the currency. This analysis generates patterns that will help to predict the direction of movement of the currency rates. Divergence, a leading indicator, helps traders to significantly increase their profits. This is because the likelihood of trading in the right direction and at the right time increases if this indicator is used along with others such as Moving Averages, Stochastics, RSI, Support and Resistance levels, etc.
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.
Divergence is a tool that helps the traders to learn the price behavior of the currency. This analysis generates patterns that will help to predict the direction of movement of the currency rates. Divergence, a leading indicator, helps traders to significantly increase their profits. This is because the likelihood of trading in the right direction and at the right time increases if this indicator is used along with others such as Moving Averages, Stochastics, RSI, Support and Resistance levels, etc.

Fundamental Forex strategies are strategies based on purely fundamental factors that stand behind the bought and sold currencies. Various fundamental indicators, such as interest rates and macroeconomic statistics, affect the behavior of the Forex market. These strategies are quite popular and will benefit long-term traders that prefer fundamental data analysis over technical factors:
!function(n){function e(e){for(var t,r,i=e[0],a=e[1],u=0,c=[];u1&&arguments[1]!==undefined?arguments[1]:"",t=window,r=Date.now();if(n=e+n,t.ansFrontendGlobals&&t.ansFrontendGlobals.settings&&t.ansFrontendGlobals.settings.gates&&t.ansFrontendGlobals.settings.gates.react_console_log_perf_info){var i=t.performance&&t.performance.now?t.performance.now():r;console.log("".concat(n,": ").concat(i))}o[n]=r}},iuEU:function(n,e){n.exports=react-relay},oqNQ:function(n,e,t){"use strict";t.r(e);var o=t("S0B4");Object(o.a)("entryLoaded");var r=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"A+VG")).then(function(e){n(e)})};window.runApp=function(){Object(o.a)("runAppCalled"),r(function(n){n.runApp()})},window.inlineReact=function(n,e,t,r){Object(o.a)("InlineReactCalled","loadable"),a(n,e,t,r)},window.shimProxy=window.shimProxy||{webnodeSubscribeEventsQueue:[]};var i=!1,a=function(n,e,t,a){var u=function(){i||(i=!0,r(function(r){Object(o.a)("StartAppInlineReactCalled","loadable"),r.inlineReact(n,e,t,a)}))};window.shimProxy.webnode?window.shimProxy.webnode.subscribe("REACT_LOADABLE_LOADED",u):window.shimProxy.webnodeSubscribeEventsQueue.push(["REACT_LOADABLE_LOADED",u])};window.renderPrefetchedPage=function(n,e,t,o){r(function(r){r.renderPrefetchedPage(n,e,t,o)})},window.reportPageSpeedData=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"pys6")).then(function(e){e.reportPageData(n)})},window.setTimingData=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"pys6")).then(function(e){e.setTimingData(n)})},window.setGlobalMetadata=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"Gnru")).then(function(e){e.setGlobalMetadata(n)})},window.updateGlobalMetadata=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"Gnru")).then(function(e){e.updateGlobalMetadata(n)})},window.setServerPerfCheckpointData=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"pys6")).then(function(e){e.setServerPerfCheckpointData(n)})},window.setWebnodeLoadable=function(n){Promise.all([t.e("vendor"),t.e("common")]).then(t.bind(null,"0xW3")).then(function(e){e.setWebnodeLoadable(n)})}}});

The problem with trader training is that it’s glossy, shiny and comes with all sorts of promises. When you sign up, you think you’re getting access to professional knowledge, but in fact what you’re getting is an array of ‘get rich quick’ promises that rarely, if ever, come true. The reality is that you never get close to any professional traders. You don’t get to share in their personal experience.

Many forex traders start with a simple trading strategy. For example, they may notice that a specific currency pair tends to rebound from a particular support or resistance level. They may then decide to add other elements that improve the accuracy of these trading signals over time. For instance, they may require that the price rebound from a specific support level by a certain percentage or number of pips.
As a pioneer Forex trainer, Vic Noble has coached thousands of Forex traders worldwide since 2006Darko, a former student of Vic’s, has been trading for 12 years. In 2016, he completely turned is trading around and has been profitable every single month since then, with the exception of one month (loss of just 0.5%). Darko has now joined Vic in our popular Coach's Corner service, and has taken on the role as lead mentor, with his amazing daily Pre-Market Analysis videos. As Forex coaches, Vic and Darko see the challenges Forex traders face on a daily basis.
Forex Mentor is an outrageous fraud. The company was founded by a former futures broker with a very shady past of selling get rich quick, Forex trading educational programs. After 5 separate CFTC reparations cases alleging financial fraud, and 3 NFA violations and fines totaling nearly $300,000, he finally left the futures brokerage business in 2013. 
×