Forex Software Solutions

... where software meets traders!
  • Home
  • Articles
  • Blog
  • Forum
  • Reviews
  • Trader's Resources

Welcome to Forex Software Solutions!

FX Software Solutions is a community site that helps you research and learn about any Forex-related topic. Here you will find reviews and recommendations, software tools, analysis and most importantly - other people who share your interests!

Sign-up for our Newsletter and grab your Free Gift:

25 Rules Of Trading Discipline

a book by veteran trader Doug Zalesky

"If You Want To Be A Successful Trader Then These 25 Simple Rules Should Become Your Trading Bible!"

  • Read more

25 Rules Of Forex - Free Download

A book by veteran trader Doug Zalesky

Download Your Free Book Here!

(...we don't spam...)

Forex Online Course Comparison vs Offline

Submitted by AlanB on Sun, 01/02/2009 - 9:13am.
  • Forex Education
Scale-3-Courses

This review is a quick comparison of some of the most popular Forex Online Course programs versus similar offline education such as the courses offered by Trading Academy.

Note that both Forex Mentor and Forex Brotherhood offer a money back guarantee which is a very important feature as it allows aspiring traders to enroll essentially risk-free and it also shows the organizers' confidence in their own services.

The money guarantee offered by the Forex Brotherhood online course (60-day, 100%) is definitely better than that of Forex Mentor, which is 30-day and includes a deductible of around $50.


Trading Academy – Beginner Trading Academy – Advanced Forex Mentor Forex Brotherhood
Price $1,295.00 $2,995.00 $495.00 $550.00
Duration 2 days 4 days 3 months unlimited*
Price / day $647.50 $748.75 $5.50 $6.11
Course content ? ? Excellent Excellent
Bonus Value no bonuses? no bonuses? OK Excellent
Teaches a proven mechanical trading system ? ? YES YES
Includes indicator tools as bonus? NO NO YES YES
Includes automated trading tools as bonus? NO NO NO YES
Live Market Reviews NO NO 1/day 2/day
Live Trading Sessions NO NO NO YES
Access to a community of traders, e.g. forum, chat? NO NO YES YES
Member questions answered by host? YES YES YES YES
Host/lecturer is a credible and experienced Forex trader? ? ? YES YES
Host/lecturer holds off-line events (seminars, workshops)? YES YES YES YES
Host/lecturer has published books on the topic? ? ? ? YES

The total cost for FB and the price per day for both FB and FM Forex online course programs was calculated based on a 3-month course duration. This is typical duration for a Forex online course but in reality Forex Brotherhood allows unlimited membership to their web-site so you may continue using the resources and live video sessions for an unlimited period of time.

Another thing to watch for is that although TA call their courses "on-location" the "location" is actually one of their training centers. They have quite a few in the USA, one in Toronto, one in London, one in Dubai and one in Singapore but if you are not located in one of these areas then you should also allocate some money for travel and accommodation expenses which will drive the already high price of their forex education course significantly higher than the price of their online competitors Forex Mentor and Forex Brotherhood.

Both Peter Bain (the creator of FM) and Alan Jankovsky ("Forex Brotherhood") are long-time traders with vast experience. For example, Alan has written two books on the subject, which you may also consider getting a hold of (look in your bookstore or on amazon), as part of your Forex education. The one thing that I particularly liked about Peter's online course is that it comes with some 20 CDs and printed material which remain in your possession even after you complete the course, whereas FB mostly makes their data available through their web-site. Yes, you can download it and save it on your computer but it's a bit of a hassle...

Aside from this minor oversight, Alan Jankovsky, in my opinion, has done a better job of making a newbie Forex trader at home in his online Forex community than Peter, whose online course lacks the personal touch of Alan's "brotherhood". Every new member that joins the "brotherhood", is met with respect and personal attention. pro Mr. Jankovsky is not only going to be available in the online chat rooms, but he will also take initiative to personally phone each new trader to welcome them to the FB family.

That's why my personal recommendation would be to go with Forex Brotherhood - it simply offers much more value for the money, and the price of FX is only slightly higher than the price of Forex Mentor - definitely worth paying the small difference. Coupled with the vast arsenal of bonuses and the rock-solid 60-day guarantee it will make it virtually impossible for anyone joining the FB Forex online course to fail in their Forex education and trading!

Alan Bentler

forex-mentor-logo forex-brotherhood-logo

Forex Course Reviews

|

Forex Trading Software Reviews

Members Area


Forex Basics

  • Currency Codes
  • Forex Trading Times
  • Margin Calculation Formula
  • Why Trade Forex?
Syndicate content
 
Copyright © 2008 FX Software Solutions
Terms Of Service    Privacy Policy    Copyright Policy
RoopleTheme