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Forex Mentor Pro is one of those Forex trading tools that you can’t miss. If you’ve read any Forex Mentor Pro review until now, you’ve probably come across the Forex Peace Army reviews. Needless to say, the reviews are exceptional. This tool stands tall at a rating of 4.69 out of 129 reviews, which is one of the highest ratings available on this platform.

Of course, the sheer fact that this Forex trading mentor tool has so many reviews proves that it is the real deal. In this Forex Mentor Pro review, I want to dive deeper into all the features of this program and reveal to you all its pros and cons. At the end of this article, you’ll be able to choose for yourself if whether Forex Mentor Pro is a good choice for you.

Without further ado, let’s dive straight in. First and foremost, let’s meet the author of this program.

Who is Behind the Forex Mentor Pro?

If you’ve heard of Marc Walton forex, it means you’ve met the author of this program. As one of the most successful Forex mentors of 2020, Marc started out slowly and ramped up his business. After many years of failure, he found out the secrets of Forex trading by meeting a retired trader.

Soon enough, he partnered up with Pierre Du Plesis, Rich Frieson and Andi Thornton to design one of the most successful Forex mentorship programs ever released. All of these guys have decades of experience trading currencies in the Forex market and have made millions in the process.

The great news is that you can find more information about each one of these guys right on the main site. You can also connect with them on LinkedIn and on other social platforms.

What Actually is the Forex Mentor Pro Program?

If you’re looking for an experienced and professional Forex mentor online, then you should definitely check out what this tool has to offer. This program is like having your own mentor there with you, assisting your trades and offering you guidance to get the most out of each trade.

Beginners who have never traded before and have no idea how to leverage the power of the Forex platform can definitely use this program. Thus, if you want to find a Forex mentor, you should consider using the Forex Mentor Pro program as an alternative.

There are many Forex trading mentoring programs out there, but most of these lack the ease of use and assistance offered by Forex Mentor Pro. This unique tool is created based on proven Forex mentoring practices, so it offers proven results.

What’s truly amazing is that this tool is not great just for beginners. Forex Mentor Pro is also an excellent tool for professional traders who want to discover new strategies and need to up their trading potential.

How did it all start?

Forex Mentor Pro was launched back in 2009 as a platform that could be used by students who wanted to get into Forex trading. Because Forex was just at its inception back then, this tool has proven to be an exceptional help for thousands of students who wanted something different than what a stable job could offer.

In 2011, Marc joined forces with Pierre, Rich and Andi, putting together a wonderful program that could be used by millions of traders worldwide. This program was not anymore just a great tool for students who wanted to dive into Forex, but also an exceptional aid for traders from all over the globe who needed to maximize their investment.

How does this Program Work?

In essence, Forex Mentor Pro leverages two unique strategies that can be used by any trader: M1 and M2. Using these strategies, you can detect those transactions that are safe. Additionally, you can pinpoint those harmful or dangerous transactions, so you can stay away from them.

Inside this program, you’ll also gain access to a wide range of videos that will help you familiarize yourself with all aspects of Forex trading, plus discover brand new strategies for taking your trades to a whole new level.

This program is based on the 9 simple steps to trade like a pro. These steps are presented on the official site and are considered to be the key trading aspects by any trading guru.

1. Treat trading like a business: while trading is a hobby for most people, which is something good, you should go to the next level and ensure you perceive it as a business investment

2. Get support from a pro trader: that’s where the traders from Forex Mentor Pro come in. With over 50 years of combined experience, they definitely know how to transform a regular trade into a winning one

3. Use the right software: inside this program, you’ll also discover how to select the best trading software for your needs so you get the maximum ROI

4. Look, listen & learn: improving your trading skills takes time and requires paying close attention to what others are doing

5. Understand the markets: the best way to do that is to learn from the best

6. Develop your analytical skills: because trading is not a linear business venture, you will need to step up in order to start getting your own level of expertise

7. Plan trades & trap profits: this involves taking basic skills to the next level and finding the best trades out there

8. Manage open trades calmly: the experts from Forex Mentor Pro will show you how to do that

9. Rinse, repeat & enjoy: this will help you maximize your earnings

Returns on Investment & Access

On the official site, you can also find the “proof of trading performance”. In this section, the author of the course is showing traders why this tool really works. Basically, it gets into industry returns and reveals that the average returns are 0.16% a month.

Using this tool, the returns for most traders grew by over 10%, reaching even an astounding 19.5%. However, trading conservatively has brought an average return of 5%, which is way better than 0.16%.

What’s really cool about this program is that they only charge a commission on profits, so if you make no gains with them, you won’t be charged anything. You can start your Forex Mentor Pro completely free of charge. You get instant access and you benefit from no long-term commitment.

The Trading Systems Inside this Tool

Once you become part of the Forex Mentor Pro, you will be able to discover three of the most powerful trading systems in the world.

1. M2 Trading System: as the sequel of M1, the M2 is an exceptional trading system for traders who simply lack the time to stay in front of their computers. Using this trading system, you can automatically place trades and create rules. This will enable you to save quite a lot of time and make the most out of each potential trade, even if you are away from your computer.

Inside the Forex Mentor Pro, you’ll gain free access to the M2 trading platform, plus you’ll be able to watch several free videos on how to place trades, manage tasks and understand charts.

2. FMP Fotis Trigger System: if you have enough time to trade and you want to maximize your earnings, then you can use the advanced FMP Fotis Trigger System. This powerful trading tool comes fully equipped with long-term charts that teach you how to pinpoint targets, create entries and set up stop loss points.

3. Earth & Sky Trading System: this is an advanced trading tool that can be successfully used in long timeframes. If you are available every four hours during the trading hours, you can leverage this system to benefit from the 4-hour interval trade and close as many successful trades as possible.

The Earth & Sky Trading System is based on scientific research that shows that trades that can be closed after four hours are the most successful trades. This tool combines specific movements, fibs, pivots, indicators, and numerous other features that allow for accurate market trades with the best capitalization possible.

Specifics of Forex Mentor Pro

Forex Mentor Pro is a modern tool that offers a whole lot of information and tips on how you can become successful when trading. As a trader, whether you’re just starting out or you already have accumulated lots of years of experience and you are fairly successful, you need to find new ways to improve your trading techniques, expand your ideas and boost your ROI. The great news is that this tool can help you accomplish all of that.

Thanks to the analysis inside this tool, coupled with the insightful videos and constant help from the community, you’ll be able to get an unbelievable amount of experience on the Forex trading platform. You’ll also be able to ramp up your earnings and finally get the profit you deserve.

A specific to this platform is the extended forum inside it. Once you become part of the Forex Mentor Pro network, you’ll gain free access to the forum. This is a great place to meet people who think alike and find out what types of techniques others are using.

Unlike public forums, which fester with competition and where everyone tries to get the upper hand over other traders, the forum inside the Forex Mentor Pro program is a place where everyone is helping the others. Here, you can ask without any fear of judgment whatever you have on your mind and know that you’ll get an answer.

Best of all, Pierre, one of the authors, is the one responsible for answering questions on the forum and ensuring everyone behaves. If he’s not active at a certain time, you can rest assured that other people will answer your questions.

What’s Inside?

Basically, once you subscribe to this program, you gain access to a lot of useful content. First, you get over 40 high-quality instructional videos that will teach you everything you need to know about trading. Second, you’ll gain access to the three powerful tools showcased above: M2 Trading System, Earth & Sky Trading System and FMP Fotis Trigger System.

Next, you gain access to professional mentoring from the others and from other members, plus free access to the forum. You’ll receive daily alerts about the market, numerous discounts, and various special offers.

Once you’re inside this program, you’ll also gain access to several recommended brokers, recommended books to read, and products & tools you can use to take your trading to the next level. The modules contain detailed information regarding risk management, trading strategies, winning templates, trends, currency strength indicators, managing trends, and the list goes on.

How can you Get your Hands on Forex Mentor Pro?

To start using the Forex Mentor Pro for you and leverage its benefits and features, you need to download it on the official site. Follow this link to get started (note: add your affiliate link here).

You can start with $47 for the first month and then scale up by paying $197 for a full year or $397 for lifetime access. The best thing is that you have 30 days money-back guarantee for any options you choose.

For the annual or lifetime plans, you also gain access to a few extras, such as priority calls with a mentor to create a personalized plan for you, performance review and priority support.

While some traders might say that the Forex Mentor Pro scam is real, I can assure you that this program works and has helped countless people until now. You can read the reviews available online to convince yourself.

Conclusion

Forex Mentor Pro is undoubtedly an exceptional program for both newbies and experienced traders who want to take their trading skills to the next level. Increasing your ROI is pretty much guaranteed with it since it includes the most advanced and genuine tactics possible.

Click here or the banner and try it now and get a unique 30-days money back guarantee.

As you’re starting to get comfortable with Forex trading, you begin to dive deeper into more advanced terms and aspects related to FX trading. One of the most important questions you might have is “what are lot sizes in Forex”?. Understanding what lots are and knowing how to properly calculate them is vital for any trader who wants to make the most out of each trade and get better margins with each new trade.

So what are lot sizes in Forex?

Most traders wondering what is a lot in Forex would think of small parcels or volume. They are right. As the name implies, a lot is the number of currency units you can acquire in order to trade that specific currency. Choosing the correct lot for each trade is key for maximizing your profits and making the most out of each trade.

You can usually find four types of Forex lot sizes:

– Nano lot – 100 units: this is rarely used, because the profits are insignificant

– Micro lot – 1,000 units: these are great for beginners, as they come with a reduced trading risk and enable you to grow your skills without losing your investment.

– Mini lot – 10k units: while beginners are still encouraged to use these Forex lots, you definitely need quite a lot of capital to sustain your trades.

– Standard lot – 100k units: almost all wealthy traders and large firms use standard lots, investing thousands of dollars in the Forex market. With a standard lot, you can quickly get make 100 extra Euro with just 10 pips up.

So, what is 1 lot in forex? That lot is the standard one, representing 100k units. For example, if you were to buy 1 lot in Forex of EUR/USD currency, which is 1.18 at the moment, you would have to buy 100.000×0.85, which equals 850.000 dollars.

Of course, to properly understand what is lot size in forex, you would have to grasp the meaning of pips. Also known as “point in percentage”, a pip is a very small measure of change in a trading pair. Basically, most currency pairs have four decimal points.

For instance, EUR/USD is 1.1892. The pip is the last decimal, or 0.0002. If the EUR/USD value goes up to 1.1894, the pip value goes up by 2 pips, reaching 0.0004. In order to notice any results when trading, you need to trade high levels of a currency.

For example, if the EUR/USD goes up by 2 pips, you’ll have to trade 1000 Euros in order to gain one euro in profit. If you are trading a micro lot size, 1 pip represents 10 cents. For a mini lot size, 1 pip is $1, while a standard lot size gives you $10 for 1 pip.

Basically, if you set your stop loss level at 10 pips, you’ll lose $1 for a micro lot, $10 for a mini lot and $100 for a standard lot. As you can notice, the losses get bigger the more money your use. The opposite is also true. If you get a profit of 10 pips and you’re ready to sell, you can make $100 by using a standard lot, but only a mere $1 for a micro lot.

What About the Lot Size Chart Forex?

In order to properly use Forex lots to their full value, you need to learn how to calculate your lot size. If you’re wondering how do I calculate my lot size, all you need is a good forex lot size chart and a proper calculator. Of course, you also need to calculate the pip value. For that, you can use the calculator here: https://www.fxpro.com/trading-tools/calculators/pip.

Choosing the right lot size is paramount if you want to be successful when trading. Normally, this is dependent on two main aspects. First, you need to take into account your experience with Forex trading and your ability to withstand pressure. Second, you need to look at your capital, which represents the funds you have at your disposal for trading.

You should only use the nano lot if you’re just starting out and you have a limited amount of money. For example, you can start with $100 and play with them for a few months. You can lose $10 or make $10, but that’s an insignificant amount. However, if you start with a mini lot and you lose 10%, or $1,000, that’s much more painful than $10.

The best way to determine the correct lot size for you is to use a Forex lot calculator. There are numerous tools out there that help you calculate the right lot size for your needs based on numerous factors, such as experience, account size, risk ratio, currency you prefer, or others.

When calculating your lot size, you also need to take into account the stop loss. You want to place it at the correct level to mitigate huge losses. You need to place the stop loss at the correct level for each transaction. For instance, if placing it at 20 pips might hurt your balance, place it at 10 pips.

Diving Deeper into Lot Sizes

The great thing is that you can also calculate lot sizes on your own, using mathematical formulas. Basically, 1 standard lot is 100,000 units, 2 mini lots are 20,000 units, 3 micro lots are 3,000 units, and 5 nano lots are 500 units. The value of your pip can be calculated with this formula: (value of pip/current rate) * lot size.

Let’s dive deeper into it. Let’s say you want to trade EUR/USD, with a standard pip value of 0.0001. The value of pip equals the 4^th decimal/1.18 * lot size. Basically, for a standard lot, a pip is $11.80. If the market moves 10 pips in your favor, you’ll make a profit of $118. However, for a nano lot, a pip is only $0.018. If the market goes up, you’ll only get a profit of $0.18 for 10 pips, which is insignificant.

A standard lot always has the value of 1. A 0.01 lot in Forex is the micro lot and comes with a value of $0.10 based on the EUR/USD currency. This is the lot most traders used in the beginning. While it is enough for you to risk losing some capital, it’s not a reason to panic if the market goes against you. I recommend all traders who are moving from a demo account to go with a 0.01 lot.

A 0.1 lot in Forex is a mini lot and contains 10,000 units. The value of the pip for this lot is $1 for the EUR/USD currency. A trader who chooses to use a 0.1 lot is more adapted to the market, has some experience under his belt and is looking to grow his capital by undergoing more risk. With this lot, the actual “training wheels” of the micro lot have completely disappeared.

Lastly, 1 lot is the standard 100,000 units of currency. The value of 1 pip is $10. Only experienced traders who are aiming to win big or go home should go with standard lots. Even though it’s still not such a significant amount, in a Forex market that can be quite unpredictable, the standard lot is perceived as the best value.

Of course, you can also find 5 lots or 10 lots. 5 lots come with a pip of $50, while 10 lots have a pip of $100. If you want to trade 5 or 10 lots, you certainly have a huge trading account and you can take huge risks, but also gain bigger rewards if the market is in your favor.

The Bottom Line

Just like with any other online business, Forex trading requires persistence and continual growth. The best way to understand lot sizes and to maximize their power for you is to keep trading until you’ve found the right lot size for you.

Take your time to educate yourself and to discover more about what are lot sizes in forex and how you can use them. If you have any question whatsoever, do not hesitate to contact me and I’ll guide you.

FAQ

Q: Can I start forex with $10?

A: Most brokers accept a minimum entry point of $100. $10 is way too little, even for a beginner. Add to that the fact that there isn’t a lot small than the nano lot, which has 100 units.

Q: What is the best Forex lot calculator out there?

A: There are many tools that you can use. I encourage you to choose one that gives the most accurate results. You can try out several free tools and see which one of them offers you the most accurate lot size for your position.

Q: What is a standard lot in forex?

A: The standard lot is the largest one and includes 100k units of a currency. To use one of these lots, you need to have tons of experience under your belt and an impressive capital