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.

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!

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). 

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.

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. 

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. 

To open an account, call our Toll Free number and discuss, with your Forex Mentor Program representative, the differences between our partner firms.

Once your account is setup and funded, contact your Forex Mentor Program representative and they will setup the eSignal data feed for you.

Mini Account

If 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)

A pip is the minimum fluctuation or smallest increment of price movement in the foreign currencies.  A pip equals $1 per $10,000 of currency (mini sized lot) or $10 per $100,000 of currency (standard sized lot).



Trading

How do I setup your software?

Complete instructions on how to install our software and directions for how to setup charts can be found by clicking here.

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

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.

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

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

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

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