FX Mentor

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Note: The following information has not been updated by the vendor since 07/11/11.

Address:	4760 Fulton St., Suite 201
	Ada, MI 49301
Phone # for sales:	800 465 4373
Additional Phone #:	616 956 9273
Fax:	616 974 3682
Website:	www.gftforex.com/
Click link to request additional product information.
E-mail address:	www.gftforex.com/contact

CATEGORY: ADVISORY SERVICES

General Information TOP

Product/Service name: FX Mentor

Price (start-up cost, annual fee, monthly fee, one-time cost, etc.): $199/month

Brief service description:

FX Mentor is a trading signals program designed for individual traders interested in a service that delivers trading signals and commentary each day between 8 a.m. and 7 p.m. EST. Now available by subscription to all GFT customers, FX Mentor is based on research conducted by Aspen Trading Group, a leading provider of forex services to traders throughout the world. FX Mentor uses a unique combination of technical and fundamental analysis to provide traders with consistent and calculated trading recommendations that are completely integrated within GFT's DealBook 360. FX Mentor monitors 55 specific currency pairs and crosses, and contains three main components: 24-Hour Target Trades -- 24-hour target trades are assessments of where selected pairs will trade during the next 24 hours coupled with a current bias (up, down or sideways) to provide suggested entry, exit and stop-loss points. Discretionary Trades -- The discretionary trades component contains a summary of the currently recommended positions, including stop-loss points and price targets. Intraday Commentary -- Intra-day commentary provides you with real-time commentary, trade alerts and ideas, technical levels and market "buzz" throughout the day. An audio alert can be set to sound each time a new alert is posted, or it can be set to auto-scroll through the headlines.

This service is best suited for:

General audience
Beginner interested in trading
Novice trader

Markets followed:

Cash markets

Brokerage Information TOP

Brokerage services:

Online

Minimum account size (ex. $2000): $250

Base commission rate (ex. $19.95): $0

Brief explanation of margin rates, if applicable:

Most customers trading at GFT use one percent margin to leverage their trades in the forex market. Typically, $1,000 controls 100,000 units of a currency pair, but GFT recently introduce mini trading accounts for those who wish to trade smaller amounts. Mini accounts start at $250 accounts and up to 400:1 leverage. GFT also offers Base 10 Trading, which allows GFT customers to trade smaller lot sizes, starting at 10,000 and up. GFT is compensated by revenues from its activities as a currency dealer, including proceeds from buying, selling, converting as well as holding currencies and interest on deposited funds and rollover fees.

Are discretionary account management services offered?

Recommendations TOP

Recommendations made: Daily

Recommendations made via:

Website

Buy Recommendations:

Short term
Long term

Sell Recommendations:

Short term
Long term

Recommendations and research based on:

Fundamental analysis
Technical analysis

Features TOP

Performance reports: Yes

Does this service offer futures and options trading? No

Charts:

Daily
Monthly

Technical features:

Simple charts (open, high, low, close)
Advanced charts (trendlines, technical indicators)

Support TOP

Hours available for contact (EST): 8 a.m. or 8 p.m. EST (1 p.m. or 1 a.m. GMT)

Support:

Online help
Phone support
Newsletter via website

Additional Information TOP

Additional comments:

IMPORTANT NOTICE: GFT and Aspen Trading Group are separate and independent companies. GFT provides the FX Mentor program by Aspen Trading Group as a service to GFT's customers. However, GFT is not responsible for trading recommendations made through the FX Mentor program, for which Aspen Trading Group is solely responsible. Nor is GFT responsible for any representations made through the analytical offerings of Aspen Trading Group, including any past performance information. Forex trading presents substantial risk of loss with or without the FX Mentor Program. Past results are not necessarily indicative of future results.

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