Forex Mentor 2007 by Peter Bain

Forex Mentor 2007 by Peter Bain – In-Depth, Honest Review

What Is Forex Mentor 2007?

Forex Mentor 2007 by Peter Bain is a forex trading education program built around the classic KISS principle – “Keep It Simple, Stupid.”

The goal of the course is to give traders at all levels a structured, easy-to-follow path into forex trading using:

• A home-study DVD seminar with step-by-step lessons

• A 150-page study guide that reinforces the video content

• Daily updates and trading ideas to keep students engaged with real market conditions

On paper, it’s a complete learning ecosystem: core training + written material + ongoing market commentary.

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Course Structure and Teaching Style

Course Materials

• Home-Study DVD Seminar
  Covers both foundational and more advanced strategies. Lessons walk through chart reading, setups, and Bain’s approach to trading the forex market.

• 150-Page Study Guide
  Acts as a companion to the videos, summarizing key concepts and giving traders something they can review offline.

The overall teaching style is straightforward and structured, which many beginners find less overwhelming than jumping around random online content.

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Daily Updates and Market Insights

One standout feature of Forex Mentor 2007 is the daily updates and trading ideas Peter Bain provides.

These are designed to:

• Help traders connect theory to live markets

• Show how Bain reads the forex market in real time

• Encourage continuous learning instead of “one and done” education

For learners who like ongoing guidance and real market examples, this is a major plus.

Reminder: Any live trading typically requires you to be an adult and always includes financial risk. Educational programs don’t remove that risk.

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What Students Liked About Forex Mentor

From user feedback around the time of release, several strengths come up repeatedly:

👍 Clear, Beginner-Friendly Teaching

• Bain’s use of the KISS principle helped many new traders understand forex without drowning in jargon.

• The structured curriculum gave learners a step-by-step path instead of leaving them to piece things together alone.

👍 Ongoing Market Engagement

• Daily updates kept students in touch with real charts and real situations.

• Many traders felt this helped improve their decision-making and market feel over time.

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Main Criticisms and Concerns

However, feedback wasn’t all positive. Some users raised important issues:

👎 Simplicity vs. Reality

• While the marketing promises simplicity, some of the actual strategies felt more complex than advertised.

• Traders expecting ultra-simple “plug and play” methods sometimes felt disappointed.

👎 Questionable Success Claims

• Bain reportedly spoke of a near-flawless trading record, and some students were skeptical of how realistic that was.

• Any time a program sounds “too perfect,” it naturally raises questions.

👎 Hidden or Ongoing Costs

• The initial fee covered basic materials, but many users felt pressured into buying additional content for deeper learning.

• This led some to feel the true cost of the program was higher than expected.

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Learning Experience: Pros & Cons at a Glance

Pros

• Clear, accessible teaching style

• Structured curriculum suitable for beginners

• Daily updates and trading ideas to stay engaged

• Solid introduction to forex basics and strategy thinking

Cons

• Some strategies more complex than the “simple” branding suggests

• Skepticism around bold success claims

• Additional costs for advanced material

• Community/peer support not as strong or structured as it could be

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Cost vs. Long-Term Value

At first glance, Forex Mentor’s initial price seemed reasonable for a DVD seminar and study guide. But many users reported:

• Needing to pay more for advanced lessons or tools

• Feeling the full learning path was more expensive than the marketing implied

Whether that added cost is “worth it” depends on:

• How much you actually apply the material

• Your expectations going in

• Whether you prefer one-time courses or ongoing paid content

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Community & Mentorship

The program tries to create a sense of ongoing mentorship through daily updates and learning opportunities.

Positives:

• Traders could follow Bain’s market views

• Some sense of shared learning through updates

Limitations:

• No strong, built-in peer-to-peer community

• Networking and direct mentorship seemed limited compared to more modern, community-led programs

A more interactive community or support structure could have made the learning experience feel more complete.

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Final Verdict: Is Forex Mentor 2007 Worth It?

Forex Mentor 2007 by Peter Bain offers:

• A clear, structured introduction to forex trading

• Useful video + written materials for beginners

• Helpful daily updates that tie education to real markets

However, you should also keep in mind:

• The simplicity promise doesn’t always match the actual complexity of trading

• Some success claims and marketing language may feel overly optimistic

• The true cost can climb once you factor in extra content

In short:

• If you like structured learning and don’t mind paying more over time for deeper content, Forex Mentor can provide a decent foundation.

• If you expect a magic system or ultra-cheap, all-in-one training, you may be disappointed.

As with any trading course, the real results depend less on the program alone and more on your discipline, risk management, and continuous practice.

And especially if you’re young or just starting out, it’s crucial to treat all trading education as learning material—not a promise of easy profits.