With thousands of trading mentors having absolutely no track record, limited knowledge and scamming traders, it can be so hard to figure out which traders are legitimate and can teach you to reach consistency.
AsiaForexMentor is a program created by Ezekiel Chew in 2008. The trading expert teaches people how to earn explosive income through forex trading. As part of sharing his knowledge, Ezekiel developed a One Core trading program. So, does the system give the best bang for your buck? Here is our detailed AsiaForexMentor review…
Who Is AsiaForexMentor?
Ezekiel has featured in major forex events worldwide. His clients include bank traders, trainee traders, and trading institutions. He teaches people how to trade forex, commodities, indexes, crypto, and stocks. And behind the scenes, the team trains traders working with prop trading firms, banks, and fund management companies.
Ezekiel has mentored corporate clients from Malaysia, India, China, Indonesia, Japan, Vietnam, Hong Kong, and Europe. He has even trained DBP on how to trade these methods – one of the largest banks in the Philippines. Ezekiel isn’t your standard forex education guru flexing a Rolex and rented car on Instagram – he’s the real deal.
What Makes AsiaForexMentor Special?
The team knows what it takes to manage your finances. Whether you’re a fund management company or a new trader who wants to earn some decent income, you have the right team at your disposal. They have a set of know-how to help you earn a decent income. And with close to two decades of experience, you can be sure you’re working with the best professionals.
One Core Program – The Details
The AFM Proprietary One Core Program will help you understand where the market is heading. What’s more, it teaches the best strategies to trade forex, stocks, mutual funds, etc. The proprietary winning program is backed by profitability and mathematics.
The program helps traders get profound knowledge and interpret the market correctly. The system consists of 26 chapters. It’s a 12-minute video (each chapter) that explains what you can expect in your trading career and how to harness your skills.
Basics, MetaTrader 4 Setup And More
The majority of forex traders use the Metatrader 4. It’s offered by hundreds of brokers and accommodates thousands of servers. Traders can see live quotes and indicators to place orders.
One perk offered by MT4 is accessibility. It gives traders a place to start, thanks to the desktop and mobile-friendly versions.
Secondly, you can customize it to suit your individual needs. You get lots of features, indicators, user interphase, and expert advisors.
Ezekiel will guide you on how to set up the platform and visualize everything you’ve learned to execute your trades.
The Price Action Patterns And Basics
It’s a simple strategy that allows traders to read the price patterns by looking at the charts. The trades depend on the actual price movement rather than relying on technical indicators. Some of the tools used for price action include the trend lines, high and low swings, price bands, and technical levels. The patterns observed by the trader are a simple combination of candlesticks, trend lines, and breakouts.
Ezekiel Chew explains how to use price action to predict prices and how to identify the patterns. There’re lots of videos that help you interpret candlestick patterns and how to wait for the right trade setup. This is the kind of content you could actually get for free on a resource like Babypips, but having it all compiled in one easy to follow course is great!
Whilst studying this course, I would recommend using Tradingview for your charting analysis so you can follow along live and practice the price action methods you are learning!
Finding Entries And Stop Losses
Forex trading is a business that requires a well-thought-out plan. Ezekiel will teach the best forex entry and exit strategies. You’ll also learn how to handle the stop loss in trading. The videos in this section are about one hour.
Risk Reward And Risk Management Rules
The One Core Program will teach the basics like lot size calculation, risk-reward ratio, and trade management. You may have the right trading strategy, but if your lot size is wrong you risk blowing your account. A general rule of thumb is to never risk more than 1% of your account balance.
Another important thing is to get the risk-reward ratio right. Ezekiel Chew advises novice traders to use a risk-reward ratio 1:2. So in every move you make, you have to define the risk.
Beginner traders also go wrong when it comes to money management. The underlying principle in Forex trading is preserving the capital, but this doesn’t mean you’ll never have losing trades. You should aim to minimize losses to a manageable size.
Finance management is about identifying the risks and coming up with proper position sizing. The most crucial tip in forex trading is setting the amount to be withdrawn across all trades. But here is the thing. The concept of money management is only to trade funds that you afford to lose. This will ensure you don’t get emotional in your trades.
How To Read The Charts (To Actually Find Trades)
Ezekiel will help you interpret the charts like a pro. The way a chart displays will depend on the timeframe you choose. But with advanced forex live charts, you can select the time frame from minutes to months.
Based on your experience level, you can choose candlestick or line charts. Candlestick charts show the highs and lows and opening and closing prices. The chart also covers other things like:
How To Use Fibonacci – In-depth
Fibonacci is a trading tool that helps you to identify support and resistance levels in the chart. And after the price moves up or down, there are new support and resistance levels.
The Fibonacci retracement levels are 38.2%, 50%, and 61.8%. These areas should be your point of interest and are always tested before resuming the overall trend.
How To Use The Stochastic Indicator
This is a momentum indicator that shows the point of reversals. Stochastic levels are arrived at by comparing the opening and closing prices over a given period. And every time these two levels intersect, there’s a potential of a reversal. This indicator works well in a bullish and bearish trend.
Using The MACD
This is indicator shows two moving averages of a specific currency. It helps you establish a bullish and bearish trend as well as entry and exit points. The MACD has actually been proven by TradingRush to be the most valuable forex trading indicator – so it’s very much worth learning!
How To Use Bollinger Bands
It’s a form of technical analysis that shows the standard deviations and simple moving average. These indicators show the entry and exit points. It is what you use to tell whether the market is overbought or oversold.
How To Use EMA’s
It’s one of the famous trading tools that show when the trading tools sit on EMA. I personally very much use the 50 EMA and 200 EMA on my charts, so I think it’s very important to learn how to consistently use this tool – even if you’re a naked price action trader!
Breaking Down Trading Strategies
A strategy refers to a system that helps traders decide whether to buy or sell a specific currency pair. It incorporates many techniques and signals to ensure the best trade execution. If you’re a beginner, Ezekiel recommends simple strategies. This section is divided into the following chapters:
- Trading patterns
Each of these sections is 20 minutes long. Once you subscribe to the course, you’ll get an introductory video and a few about rejection and price action bars.
Risk Management – The Road To Millions
Ezekiel has a simple philosophy – to win big and lose small. And this is where trade management comes in. The mentorship program explains the set-and-forget strategy and automotive stop loss.
Fundamental Analysis – The Key To Market Movements
The fundamental analysis identifies the primary drivers of the intrinsic value of a currency. It breaks down the economic, political, and social factors that can influence the value of a specific currency. If you’re going to trade currencies, you must keep tabs on the central banks’ interest rate adjustment.
Another key fundamental driver is inflation. If there is some inflationary pressure in a specific economy, you expect to see social-economic tensions.
Ezekiel will explain how to combine fundamental and technical analysis. And this will help you make an informed decision in your trades. Once you understand the fundamental analysis, you will know how to increase the winning rate using other divergence concepts.
Trading Psychology – The Roadmap
Trading psychology is part of your success. It involves working on emotions like greed, anxiety, fear, and nervousness. In reality, emotions can affect you when closing losing positions, and you might end up moving the stop loss.
Another problem that affects newbies is the fear of losing out. This can lead to huge emotional stress if the market moves in the opposite direction. That being said, fear, greed, and excitement could mean the difference between growing your account and getting a margin call. A simple way to overcome emotions is to manage your trade size and follow your strategies religiously. With the right mindset, you’ll learn how to use trading psychology to your advantage.
Ezekiel believes that any trading strategy built on a solid foundation guarantees success. If it’s built on a shaky foundation, it’s bound to crumble.
Once you harness your skills, you can start a live trading account. With a real account, you’re in a completely different trading environment.
The Golden Eye Group – What Is It?
Ezekiel offers weekly video series on what traders should expect every trading week. He gives tips on market interpretation and expectations every single week.
How Does The Golden Eye Group Program Work?
First, you should download the free forex tutorial to get an insight into forex trading. Then, you can join the program that has impacted other people’s lives. If you want to learn about this money-making package, this is the best program for you. You’ll essentially have live access to his trades, market analysis, fundamental analysis and research making this a hugely valuable tool for traders looking to hone their edge and have the same eyes as their mentor!
AsiaForexMentor Reviews – What Do Traders Think?
If you’ve read some of my other Prop Firm Articles or even Broker Reviews, you’ll know I love to look at forums and third party websites to check testimonials of traders around the world that have used the services we are also talking about. So, how does this company compare?
On ForexPeaceArmy, a very well trusted resource for traders, the company is clocked in at 4.57/5 stars with nearly 100 total reviews. Granted, on their own website the company has many more testimonials to be working with, but I prefer the third party sites!
This kind of trust score is very good to see and we can clearly see in the reviews that traders are absolutely loving the education provided by the company. These reviewers/students seem to range from newbie traders, all the way to more experienced and seasoned professionals brushing up on their fundamental building blocks.
In Summary, Is AsiaForexMentor A Reputable Education Company?
From the above company review, this is the perfect program to start your trading journey. Over the years, the team has produced many successful traders. With The Golden Eye Group and One Core Program, you can be sure of a lifelong money-making skill. Of course, the learning curve is faster and priceless.
- You get all the information to trade the forex markets
- The mentor is experienced in the field
- The program uses an ROI-focused approach
- Very complex trading education
- More advanced than basic info on Babypips
If you have studied with AsiaForexMentor I’d love to hear about your experience, your opinions, pros and cons.