Forex mentor Program Frequently Asked Questions
About Forex Mentor program

Is Forex Mentor Program a broker?

No. Forex Mentor Program
is an introducing broker to multiple clearing firms. It is in
our best interest to introduce you to the firms where we believe
you will get the best pricing as well as execution on your orders.

Why do you give your software and eSignal data away for free?

We discovered that many new Forex
traders want to open up $2,000 sized accounts and trade
the smaller mini contracts. Our Professional Software
sells for $2,000 or leases for $150 per month and the eSignal
data feed costs about $139 per month.
There are two reasons why we are giving our software away
for FREE. The main reason is that our software offers
our clients the tools that are presently unavailable in any
other forex trading platform that we know of. We have
experience teaching (our mentorship program and live chat
room) new traders and can see the results. Many of our
traders are extremely happy with our software. Listen
to their testimonials. Secondly we felt most new
traders could not justify spending 15% of their account value
each month on software and data feed expenses and we would
therefore attract fewer traders. We also did not want
our new traders taking unnecessary risks trying to cover their
relatively high monthly costs.
By giving our software away for free we are getting hundreds
of traders we wouldn't normally have. They are
telling their friends how much they enjoy trading with our
software, and how good our training is and we are getting
even more customers who would have never heard of us.
And by training our traders how to successfully trade the
Forex markets, we are getting paid on the back end through
being Introducing Brokers. We have found that as traders
start making money trading the Forex they trade more and increase
their trading size from mini sized to full sized contracts.
In our opinion this is the most incredibly fair Forex
deal available anywhere. You the trader get $3,000
per year worth of software and data absolutely free!
We really make very little off of smaller sized traders until
we can teach them how to make money. So you see our
best interest is doing everything we possibly can to help
you make money. We recently opened up a Live Chat Room
to further help our traders learn how to trade. You
will be trading side by side with the inventors of the software
and traders with thousands of hours of trading experience!

What exactly do you offer??

By opening an account through one
of our qualified partner firms, Forex Mentor Program
is going to give you our professional charting and analysis
platform absolutely FREE. In addition you will also receive
eSignal data (A $139/mo value).

How does your service differ from other Forex brokers?

Forex Mentor Program will give
you our Software and the eSignal data that it needs absolutely
free. Our Software is the most sophisticated forex market
analysis platform available anywhere and gives its traders an
incredible advantage over other traders. For example,
you can see on the chart how much buying and selling is going
on, statistical high and lows of every hour in advance for lower
risk places to buy and sell, and many buy and sell signals (Trend
Snapback, Squat Bars, Trend Reversals). In addition we have
intelligent volatility based trailing stops that keep you in
trends to maximize your profits and reduce your risk.
Unlike the majority of Forex brokers and trading software
developers we are real traders. We initially created
this software for ourselves to give us a bigger edge in the
markets, to make more money from trading, to make it easier
and to make it more FUN! When you see how well our tools
work you will immediately know that they were developed by
traders with thousands of hours of live trading experience
and a thorough grasp of market dynamics. Anybody who has these
tools will feel COMPELLED to trade with them and the principals
involved in our software trade almost every day in addition
to running the business. Many people ask us if your
tools work so well why do you sell them? My answer to
this is why wouldn't we. It actually positively
impacts our trading because when you don't need to earn
money from trading you have more patience to wait for the
lowest risk, high probability trades. We have seen many
trading software companies get bought out for $20 to $100+
million by bigger brokerage firms and this is also part of
our longer term plans.
We are so committed to helping our traders learn how to trade
and make money we also run a Live trading room and actually
CALL OUT OUR TRADES. Anybody can say they trade but
almost NOBODY has the nerve to call out their trades live
in a public forum for all to see.

 Commissions and Fees

What is your current commission rate?

In Forex, the spread between the
bid and the ask is your "commission". The lower
the spread the lower are your trading costs. Some brokers,
especially brokers without a dealing desk, typically charge
a transaction fee on top of the spread. It is important to calculate
the spread, transaction fee and/or commission per trade as your
total up front cost per trade.
Are there any trading minimums to qualify for your free software?

Yes. We expect traders to
trade a minimum of 10 standard sized lots or 100 mini sized
lots per month. By trading with our software you also
agree to place all of your trades through our Introducing Broker
arrangementsl. We are only compensated if you trade and
it is unfair to use our software tools and training and trade
elsewhere.

 Opening an Account

To open an account, call our Toll
Free number and discuss, with your Forex Mentor Program representative,
the differences between our partner firms.
How do I get eSignal data feed setup?

Once your account is setup and
funded, contact your Forex Mentor Program representative and
they will setup the eSignal data feed for you.
What is the difference a mini and standard account?

Mini AccountIf you are
new to forex trading, have practiced on our demo account and are
ready to begin trading without risking a lot of capital, mini
accounts are right for you.
- Minimum deposit is $1,000.
- Transparent pricing allowing you to maximize your trading
profits*.
- 200:1 leverage*
- 10,000 trading lot ($1 profit/loss per pip movement)
Standard Account
- If you actively trade forex, the standard account is right
for you.
- Minimum deposit is $5,000
- Transparent pricing allowing you to maximize your trading
profits*.
- 100:1 leverage*
- 100,000 trading lot ($10 profit/loss per pip movement)

What is a pip?

Complete instructions on how
to install our software and directions for how to setup charts
can be found by
clicking here.
What are eSignal's Currency Symbols?

Our software uses eSignal data
and requires our users to use their symbols Here is a
table that will translate what you are probably used to.
The symbols all end with A0-FX this is a ZERO.
EURUSD IS EUR
A0-FX
GBPUSD IS GBP A0-FX
USDJPY IS JPY A0-FX
EURGBP IS EURGBP A0-FX
EURJPY IS EURJPY A0-FX
EURCHF IS EURCHF A0-FX
AUDJPY IS AUDJPY A0-FX
USDCHF IS CHF A0-FX
GBPCHF IS GBPCHF A0-FX
GBPJPY IS GBPJPY A0-FX
USDCAD IS CAD A0-FX
CHFJPY IS CHFJPY A0-FX
CADJPY IS CADJPY A0-FX
AUDUSD IS AUD A0-FX
EURAUD IS EURAUD A0-FX

Do you offer any services to help me become a better trader?

Yes
Forex Mentor Program offers affordable Professional
Mentoring, Weekly Training Classes, Trade Reviews, and a
Live Chat Room to help our traders learn how to improve their
Forex trading.

System Requirements

What computer equipment is required and recommended?

We require the following:  Windows NT, 2000, XP (Win95, Win98, and ME not
supported)  2 GHz
processor  512 MB of RAM  5 MB free
hard disk space  Cable or DSL We recommended the following:
Windows XP
3 GHz or higher processor
1024
MB of RAM
50 MB free hard disk space
What operating systems are supported?

Windows NT, 2000, and XP are
supported. Windows 95, 98 and ME are not supported.

What type of internet connection is required?

Connections as low as 28.8K have
been used by our clients, however, we suggest a broadband
connection whenever possible. 
Can I use a Macintosh?

No. We do not have
plans to offer compatibility with Macintosh in the future.  |