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Forex Training — Peter Bain Shows You How to Trade the Forex with His Amazing Pivot Trading System

Dear Forex Trader,

Do you wonder why some forex traders trade the Forex market successfully while others struggle? I mean, with all the trading systems, along with the latest and greatest forex trading technology, how is it that two people armed with the same knowledge can yield such totally different result?

Before I answer that question, I would like to introduce myself. My name is Peter R. Bain, and it seems like I have been involved in the wonderful world called currency trading since the earth cooled, even though it was only deregulated in 1997. I can’t tell you the number of mountains I’ve climbed, the number of tribes I’ve befriended, and the years of trading experience and research that have gone into developing the right approach in trading the Forex.

I learned the art of trading in the early days from some of the top traders in trading houses. I spent 18 hours a day over an 18-month period training and learning anything and everything I could about this business. Over the years, I have developed and refined a simple yet powerful trading system to copy what successful traders do. These are the same techniques used by many trading houses today. I teach my system to account and fund managers and bank traders world-wide and provide a comprehensive range of forex training products and services.

I founded Forexmentor in 2003 in order level the playing field for the individual retail traders. We believe while there's a huge opportunity in the Forex, there's also a very high failure rate. I have a famous saying regarding Forex trading:

"Start thinking it is easy and it will get harder...
Start thinking it is hard and it will get easier"

Forex Training...from the Expert

My home study forex course & video mentorship program explains in detail how to get your trading career off to a great start. Providing forex training through comprehensive forex courses and services, forex coaching, and as an Internet Forex consultant, I hear all of the 'How do I?' questions. My Home Study Forex Course & Mentorship program is designed to answer all those questions and many, many more.

Here are some examples of what you will learn through our forex training:

How to assess a currency for profitability.

Learn how to get the GOOD pip spreads and where.

Learn which currencies to trade and when to avoid others.

Discover which currencies are actually ready to make a move.

Information-packed pages of practical tips and real-life examples.

How to create the right approach that keeps you coming back for more.

Learn why 'conventional approaches' simply don't work in Forex trading.

Get an easy-to-understand 5-step overview of my Forex trading process.

Discover the top mistakes that 'normal' Forex traders make, and how to AVOID them.

Discover the features your Forex broker must have to get the best value for your buck.

"How To" strategies to save you money, time, and effort while building your business.

Can You Sum Up Your Trading System?

Here's the skinny on how my simple system works...

All professional Forex traders pay very close attention to key 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".

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

When a market reaches certain low levels, they are at a support level (support being a 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 price level is rejected by buyers because the sellers are asking too much, the price will begin to move downwards from that level of resistance. Other sellers join in, the crowd factor eventuates, and price swoons. Support and resistance levels are extremely dynamic in the forex market – meaning that they are subject to change from day to day. These levels must be recalibrated from day to day..

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

So, in essence, these two factors alone account for why my system will compete favorably with systems which are based on"lagging" indicators. These other so called systems will simply pale in comparison.

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

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 chance by taking trades in and around pivot points.