There are only a few good forex education courses available in the internet and it’s very difficult to decide which course is suitable for someone who is just starting out in forex trading. From my experience, I have purchased two very powerful forex education courses and have spent 1 year learning from them and applying the techniques taught to my own trades. I would like to give a comparison between Kishore M’s Insant FX Profits and Peter Bain’s forexmentor courses.
The 1st product comparison is about the cost of each course:
Kishore M’s Instant FX profits costs USD998 for a 1 year membership to 36hours of recorded footage of a 3 day forex training seminar held in Singapore.
On the other hand, the total price of all the courses from forexmentor would cost more than USD9000 for a library of 30 products. The again, the quantity of content from forex mentor is much more than Instant FX profits.
The 2nd product comparison is about the quality of videos of each course:
Instant FX profits consists of videos recorded from a live seminar. It is not staged and therefore the quality is as raw as you would expect from your own high def home videos. Nevertheless, Kishore gets his lessons across. After all, what is important is the content of the course that could help you make better trades.
On the other hand, the videos from forexmentor has the best quality so far. This is so because the presentation files and videos from forexmentors are recorded through the desktop. All the slides are of top quality and you will have the comfort of learning directly from someone else’s desktop.
The 3rd product comparison is about the strategies from each course:
Instant FX profits uses strategies used in hedge funds managed by Kishore in Singapore. Kishore M would teach his trading strategy using technical indicators such as moving averages, stochastics, parabolic SARs and force index. He personalized his strategies with names such as Instant Pip Profit, Pip Maximizer and Pip Retracement technique.
As for forexmentor courses, the strategies taught are slightly different from Kishore M’s. For example, the forex scalping technique teaches you how to scalp the market by analyzing price action using trend lines, Fibonacci levels, pivot levels, support and resistance levels and MACD.
Each strategy would help you make better trades. It’s a matter of how you can apply what you have learned from these courses that would make your profitable or not.
No forex learning course could guarantee profits but one thing that they can guarantee is that these courses will make you a more informed trader. And when you are trained and informed, your probability of winning will be higher than a trader who goes into the market with total ignorance.
By: Jason Kevin Loh