Last updated: May 28th 2020
As a part of our 2020’s FOREX AWARDS we rate the best forex education providers that are available online. There is a plethora of forex mentors one can find online, but just a few of them have rock solid results and proven track record when it comes to truly teaching people how to trade profitably on currency markets.
Here is the list of the best forex mentors:
- Forex Mentor PRO
- Best FREE resource: BabyPips.com
What makes Andrew Mitchem’s fx coaching programs different from the competition is how dedicated he is to help you achieve the success. Andrew is in constant personal contact with his students.
Besides that, there is an unusual amount of free education materials available on his website.
The course has been operating for 11 years and it aims to teach the traders to become independent technical traders.
Andrew posts specific trades daily for clients to earn and learn from.
His strategy can be traded on all currency pairs and on all time frame charts. They look for a new trade on the close of a candle, very little chart time is needed. You can easily trade in 10-20 minutes a day!
Andrew is one of the few who does real trading, with real money unlike some of the con artists who make money just by teaching others. We also noticed that reviews of satisfied clients on FPA forum seem real and not fake. Many of the satisfied reviewers admit that Andrew was their last resort they decided to try before quitting forex for good. And it obviously worked!
What do you get:
- insane amount of free forex materials
- 1:1 coaching live from Andrew Mitchem
- charting indicator + patterns that you can use on MT4 / MT5
- weekly live trading room webinars
- access to membership site
- private forum
- support from Andrew
Forex Peace Army: Excellent rating 4.66 out of 5 (based on approx. 146 reviews)
EliteCurrenSea.com is a one-stop-shop for forex education and forex automated trading systems!
What do you get:
- Ultima EA – EA with 410% account growth based on their SWAT method
- ZEUS EA – automated EA with 75% WIN rate since December 2018
- CAMMACD – multiple times awarded momentum trading methods taught by Nenad Kerkez
- SWAT – Simple Wave Analysis and Trading taught by Chris Svorcik
- LIVE Daily Setups and Market Insights
Prices vary product by product, please check their website!
Behind the forex coaching site with a quite bizzare name are two well known European traders Chris Svorcik & Nenad Kerkez aka “TarantulaFX“. Although these guys are truly forex dinosaurs (both have been in the trading industry for more than 10 years), they have been teaching others how to trade fx under the brand name EliteCurrenSea.com publicly since 2014 and during this short period they gathered several industry awards for example *2017’s FXStreet’s Best Video Podcast* or *2016’s UK Forex Awards for Best Educator* and last but not the least an outstanding rating from their students on ForexPeaceArmy.com.
The style of Chris is based on price patterns. “Although chart and wave patterns can be confusing for traders” Chris argues, judging by their public feedback and information on the website, he has managed to develop a simple approach based on moving averages, Fibs, and Fractals as the main tools to trade waves and catch momentum without knowing the wave count and more complex elements of the theory.
Chris and Nenad are true “rising stars”. Their entry level service, [ecs.LIVE](http://ecs.live) helps trades with daily setups (intra day and swing trading), education, webinars and access to the community.
Read our EliteCurrenSea review here.
Forex Peace Army: Excellent rating 4.6 out of 5 (based on approx. 74 reviews)
#3: Forex Mentor PRO
Guys behind this project Marc Walton, Pierre du Plessis have taken many students from noobs into disciplined fx traders. Both Mark and Pierre have been in the trading industry for a quite a long time. They claim to have over 50 years of trading experience combined. The founder Marc Walton is the real trader with 60,000 real followers on Twitter (no fake persona).
What you get:
- live training sessions each week
- access pre-recorded video training courses
- access to their private forum
- access to proprietary software and templates
- you will learn how to use fundamental analysis
- personalized trading plan for you to follow!
- 30-min phone call with the mentor
- live trading sessions
- 30-day Money back guarantee
Pricing: FMP is one of the cheaper forex mentoring programs on the market. You can decide if you pay $47 monthly or $197 annualy. Prices can increase in future of course, so act fast!
Forex Peace Army: Excellent rating 4.68 out of 5 (based on approx. 128 reviews)
Vladimir Ribakov is a trading LEGEND for a good reason. He has recently rebranded his forex mentoring flagship that was known for years under his own name into TradersAcademyClub.com.
They call themselves as “Trading Club”.
What you get:
- pre-recorded webinars + live webinars
- downloadable trading tools
- trading career opportunities (with 3rd parties)
- Free trading strategies – SPT 9Swing Point Trader)
- 24\7 Forex Telegram groups
Forex Peace Army: Excellent rating 4.74 out of 5 (based on approx. 106 reviews)
Nial Fuller is yet another coaching legend on this list of top forex educators on the Planet.
Focusing mostly on Price Action strategies, he is truly a renowned forex authority on Internet, who became even more popular after winning the 2016’s Million Dollar Trading Competition by AxiTrader broker.
In our opinion his online mentoring program is one of the top paid Price Action Trading courses available.
There is a substantial amount of free information (aka forex trading basics) on his website. At the top of that you can take his PRO forex trading course available where you will learn the advanced Price Action strategies that he has been using personally.
What do you get:
- Pre-recorded trading videos
- Coaching via Email
- Daily trade ideas
Visit website here: http://www.learntotradethemarket.com/
Forex Peace Army: Excellent rating of 4.4 out of 5 (based on approx. 66 reviews)
#6: BabyPips.com (Best Free Source)
Most of newbies in forex came across this huge resource of free info. Yes BabyPips.com has been around for quite some time and we think that it is fair that they earned an award for their comprehensive free source of information and unique education angle which they took.
We do the Awards on a yearly basis, and our selection criteria is quite strict.
We hate the fact that fx retail industry is full of scam artists. We are on the mission to inform forex traders about the best products, brokers and services in general. We want to show products with true inner value for traders. We want traders to stop wasting their time and money on crappy products.
During the market research we evaluated several aspects like fx mentor reputation, years of experience, last but not the least the overall satisfaction of people with the mentorship program (taken from independent ratings on the web).