About the Founder

Ian Copsey is a veteran technician having begun his career in Foreign Exchange over 27 years ago. His book “Integrated Technical Analysis” has been read by over 4,000 readers worldwide. His experience ranges from working in Barclays Bank’s trading rooms in London and Hong Kong, acting as a technical analysis specialist for Dow Jones Telerate in Tokyo where he provided seminars for bank traders and also as the regional manager for technical analysis products in Asia Pacific.

He has also developed a series of unique indicators and deep experience in system development. He has lived in Asia for 22 years in Hong Kong, Singapore and Tokyo, where he now lives with his Japanese wife.

For more about Ian’s analysis philosophy, click on the “Philosophy” tab.

Ian’s Philosophy

My analysis is different.

I do not apologize for that. In fact the way I do things differently helps provide the higher percentage of accurate support & resistance levels which my long term subscribers make consistent profit.

Many appear confused that I provide both bullish and bearish analysis. Some say that I’m hedging my bets or don’t know which way it’s going. In fact that isn’t true. I have spent many years studying price. Price is the only way to forecast accurately. It does develop in structures that when recognized do provide excellent indications of not only where it’s going but also when the underlying assumption is proven wrong.

However, there are countless potential variations that could fit into these structures. Is price going to retrace 23.6% or possibly 50%, or even 61.8%? It can retrace 100%! It would be no sense in advising traders to buy/sell at the 61.8% retracement as it may stall at 50% in which case the opportunity is lost. It could retrace 100% which will trigger the stop loss.

In more directional moves price has its own structure and each currency has quirks and more common wave relationships that it often (but not always) tends to follow. Therefore if price stops moving in a structure that would confirm that the directional movement then there are often very clear support/resistance levels that indicate a larger reversal.

While these may be against my bias, they are clearly fundamental trigger levels in my analysis. It is possible to make considerable profit out of trading these breaks.

My approach is that if I only provide analysis that supports by directional bias for the day, then if I’m wrong then a subscriber will not get value for money. He/she has nor guidance for those instances. I don’t consider that good service…

However, it does mean that a trader must think about his trades and where the next profitable move may be.

Understanding Price is the Most Important Factor in Trading

Let me attempt to describe what I mean by this and how my most profitable subscribers make their profit.

I use cycles to identify the overall direction. Is the main trend up or is it down? Conveniently I can utilize the terms “weekly cycles” and “daily cycles” but in fact they all integrate into one large structure of cyclic pressures which affect price.

I use Elliott Wave as my main tool for understanding how price should move within the underlying direction. Elliott Wave provides structure, the manner in which price should develop and when complemented by Fibonacci and harmonic ratios it is possible to identify likely stalling areas in both trend projections and corrective retracements.

Take a simple 5 wave move. This represents a trending move (or part of a counter trend.)

Without going deeply into Elliott Wave, each wave has guidelines that will provide common areas of when they will stall, how far they will correct or extend. In addition each wave should also develop in a particular way that should be in accordance with that particular type/position of wave. In particular Wave 4 has common retracement levels which may be used to take advantage of the extension in Wave 5.

Now let’s look at a 3 wave move. This represents a corrective structure.

Well, it maybe that due to a move becoming more complicated that the underlying analysis is incorrect and the anticipated trending move doesn’t follow-through higher. This will mean that Wave 1 was actually a Wave (a), Wave 2 was Wave (b) and Wave 3 was actually Wave (c). Thus a larger correction is due.

Breach of the key support area that breaks the upward structure can be a great trading opportunity!

Do you really want to be without the potentially profit-making knowledge of what will happen if a support or resistance area breaks?

How do you know which support or resistance will provide the trade?

It is impossible to be 100% correct in forecasting markets. Therefore we need tools to strengthen the odds in our favor. Which support will hold in an uptrend? Which projection will price move to in a trend.

I like to be correct 100% of the time. This is the way I measure the success of my analysis. However, pride doesn’t always make profit. It is therefore imperative that you do your own due diligence.

This is where a news release can have a larger impact in extending a trend or even suggest a price reversal. So what can you do to protect yourself at these times? My key support/resistance levels are recognized as providing high percentage trade opportunities. The key is to filter the choices by other techniques.

Integration of Analysis and Setup Signals

To act on indicator set up signals one must have confidence in support and resistance levels. My methodology of deriving support and resistance levels is based on my own adaptation of Elliott Wave and is recognized as being some of the most reliable levels in the market.

Acting on either support/resistance or set up signals in isolation raises the chances of failure. While I will never claim that these techniques will never lose money, with hard study and application these can provide solid results as my other subscribers clearly find.

Testimonials

I’ve been reviewing and reading your commentary here for years and thought it about time to thank you for the great work. I absolutely love the content and insight you provide and think it is truly great work and a wonderful source of knowledge to anyone’s trading strategy.

– MC

I didn’t believe anybody can predict market moves, but it is often uncanny how accurate your analysis is with regards to moves in the FX market. With a sound money management strategy, my FX trading has improved considerably. Keep up the excellent work.

– Simon Hurt, The Trader’s Mind

Dear Ian, a very profitable time. I am amazed in how you interpret the Elliott Wave theory for this currency.

– DK, Texas

About the Founder

Peter Bain

Peter Bain is known to the trading community for his unique ability to uncover new and innovative ways to harness the power of the Forex.

He was perhaps one of the first to enter the Forex arena when it became deregulated and made available for public trading back in 1997; he spent 18 hours a day over an 18-month period learning anything and everything he could about trading commodities and forex from some of the top traders in trading houses.

Since then, he has developed his ideas into a simple, yet powerful Forex trading system based on his Pivot program, which is continuously refined and taught to account and fund managers, bank traders and individual investors.

Peter’s Forex trading system uses simple techniques to identify trading opportunities daily and evaluates the previous trading day’s market data to determine entry and exit positions for short- and long-term trades.

He credits the success of his forex trading system to extensive research and his incredible passion for the Forex market:

“I am constantly studying the market to determine how I can tweak the system and create new parameters to allow it to adapt to the changes that are constantly occurring in the market.”

Peter now dedicates his time helping traders to succeed in their personal trading.

He has authored three books: one on general trading strategies and two books specifically on Forex Trading, and regularly conducts live seminars for individual investors, financial institutions and colleges around the world.

Testimonials

Here are some video testimonials from satisfied ForexMentor students:

Also read some ForexMentor feedback received via email:

“Hi Peter, Even though I have been trading for almost 4 years, I have found your information to be extremely helpful. This is definitely the best $400 I have ever spent for trading purposes. And I have recommended your course to every trader that I know. After taking your course, I find myself drawing more and more pencil lines in my trading. Drawing lines from one support to the next and from one resistance to the next. I have been amazed how actuate the Pivot Points have been. I am also amazed, how many times these same pencil lines can be used to help predict how far a price will move in one direction or another…I recommend that all traders practice drawing pencil lines. Draw your lines from one support point to the next support point and from one resistance point to the next resistance point. I like to go back and extend the lines out. Many times a pencil line that was used as support will later become resistance or vice versa…Thanks you again for your efforts.”

– Alan R, Brandon, FL

“I read your system twice and I get it! I see it so clearly now. I traded the Forex for 2 years and tried everything (automated systems, books, different trading methods). When I read your system I revised it with 1 year history on GBP. I got mad becuase I did not start with your system the result was more than great, OMG! I wasted so much time on stupid books and stupid payable fancy indicators that some companies offer. YOU CHANGE MY LIFE!!”

– Feras S., Amman, Jordan

Thank you for the video/seminar. I must say that I am very, very pleased with this, It’s just brilliant. For a long time I’ve been looking for a publication or training of sorts where the teacher says “This is what you do” First you do this,then this,then that etc,as well as showing you all the indicators and how they work.This video/seminar is just brilliant, I am very pleased with this Peter.Last April I went to a two day options seminar here in London,and after the seminar was over,I had a lot of printed information but still didn’t have any idea on how to read charts or indicators or how they worked,but this one of yours Peter is just fantastic,I am now getting proper education which I couldn’t find before.

– Richard, UK

“I just wanted to tell you how pleased I am after finding your course andAM Review. I have been trading the Forex market for almost two years. After foolishly spending thousands in my first year trying to learn how to trade currencies. I found your material, and now my trading has improved ten fold since ordering your material and listening to the AM Review on a daily basis. Your system has changed my trading from consistently loosing to consistently winning in a short period of time… Your program is an exceptional value and learning experience. Please keep up the good work. Thanks”

– Tom Schwartz, Scottsdale, AZ

“I just don’t say anything locally in my small town, as everyone would think I had lost my marbles. I even know a stock broker friend, and asked him about the forex; he said stay away from forex. Funny how it has such a reputation amongst those who don’t know what to do, and how to use the PIVOTS and the buy and sell signals the way you have taught me. I was first introduced to forex by a guy that wanted me to pay him US$50,000 to teach me how to trade forex. You can make 20 percent per month on forex standing on your head with your pivot system. Many thanks, and thanks a MILLION for showing me the pivots. Like I said, a man from Toronto got me into the FOREX, but only on Fibonacci and, as you know, they don’t work anywhere near like the pivots. He charged me five grand for a three-day course, and I thought I had the world by the tail, until I found your pivot program on the Internet. The pivots are like science, and Friday was a perfect example of that as well, with that beautiful turnaround at 19:15. Like you said, it’s like taking candy from a baby.”

– Adil Mogeem, Saudi Arabia

About the creator

Lewis Evans

Lewis Evans is a published author and is an accomplished trader. He is also a founding partner in LEFT Brain Trading (with Olga Sheean), and inventor of the Absolute Fibonacci Framework.

He is passionate about teaching traders that the perfect trading system lies within them.

Company Philosophy

And now, on with our formal, buttoned-down introductory essay, which begins by asking you …

Are You Better-off Than You Were 10 Years Ago?

The Institute Of Higher Earning may be one the most unique financial education and services groups anywhere. In fact, we do so many different things that visitors to our website often don’t know where to begin. So let’s begin right here, with a little financial ‘tough love.’

Does the current economy scare you? Are you in debt up to your eyeballs? Does your daily survival plan consist of holding a series of underpaying and under-appreciated jobs in a declining economy? Is retirement looking like something you’ll only get to do the day you die? Do you wish you could ditch the 9-to-5 world and make a living from home, over the Internet? Then you need to ‘create your own economy’, to create a financial moat around your life that profits from whatever the economy dishes out.

Think of it this way. Markets go up, and markets go down. When the market goes up, everyone’s a genius and everyone’s making money. When the market heads down, everyone’s anxious, depressed or panicky. But why? A declining market is not an emotional experience. It’s a market that’s trending down. Maybe it’s enjoying itself! After all, you like skiing and sledding down hill, don’t you? See, it’s all in your perspective.

Is your retirement nest egg vaporizing as the stock market crashes? Why? This isn’t rocket science. There’s simply no excuse for it. When the market starts to head down, you invest with low risk in inverse exchange traded funds (ETFs) and mutual funds that profit from a falling market.

Do You Rely on a Financial Advisor?

Did you know that most investors who rely on a financial planner have already lost a lot of money in the current recession? Financial planners tell their clients, ‘This is a pretty tough market to make money in, but the market will always recover. Besides, we’re only down 20% and most investors are down 30%, so we’re doing pretty well!’

Hogwash! When a market is trending down, you trade it DOWN of profit. Our ‘ETF Wave Trader’ service generated a fortune for our subscribers when the U.S. stock market began to collapse on June 11, 2008. Advisors who have watched their client’s portfolios collapse along with the market should be tarred and feathered. Maybe you should be your own financial planner?

The problem is, investing intimidates you, right? But why should it? It’s easy. If you can balance a checkbook or set an alarm clock, you can learn how to invest profitably. A bright teenager can do it! It’s basic pattern recognition combined with 6th grade math (4th if you were home-schooled.) Picture a wavy line. It’s a graph of the stock market. The graph curves up and the graph curves down. Up, down, up, down, over and over again. As I said, it’s not an emotional experience. It’s actually quite beautiful! Like watching a dolphin swim. First it breaches, then it dives – do you get the picture?

When the stock market curves up, you buy stocks. When it flattens out you sell your stocks and take profits. At that point you can do two things. Wait – maybe for years, for the market to trend up again, in which case your retirement planning stands still in the meantime. Or invest in stocks and mutual funds that profit from a falling market so you can make money on the way down.

When the market stops falling and bottoms out, you get out and take profits again. This is called ‘riding the wave’ – the dolphin would understand. But for most investors these days, it’s called ‘riding the Titanic!’

Q: What would you think of a licensed, professional pilot who attempted to keep gaining altitude in a plane whose engine’s are flaming out?

A: Of course, you’d think he was out of his mind!

Q: What would you think of a financial advisor who had you hold onto your long positions in a market that’s flaming out?

A: Just fill in the blanks.

We talk to people all the time who don’t even know how their 401(k) is doing. Can you imagine that? Don’t they care about their financial future? Or do they just go to work just for the fun of it? Why do they spend more time micro-managing every minute of their next vacation, but can’t answer a straight question like ‘By what percent has your retirement portfolio risen or dropped over the last year?’ Or, ‘exactly which mutual funds does your financial advisor have you in, anyway?’ They don’t know! Their financial future is under water and they don’t have a clue.

Changing the subject slightly, are you in debt yet have enough income to cover your bills? So why aren’t you using an aggressive debt roll-down program to vaporize your unpaid bills, saving a bundle in finance charges and then creating a retirement fortune out of the same money you’re feeding to bankers? Again, this isn’t rocket science. It’s basic mathematics. It’s called the exponential function. It’s called the ‘Bankers Secret’ and it’s being used against you, quite aggressively, by the loan and credit card companies. Wouldn’t it be fun to use this technique against them for a change? To make yourself rich instead?

What about commuting to a job you hate? Did you ever stop to consider that, by very definition of the term employee, you keep selling your time for the very least someone else is willing to pay you? How does that make you feel? About the same as being in all that debt? Or watching your ‘financially planned’ retirement dropping like a rock? No fun, is it?

So when are you going to hide that TV remote (or better still, shoot the TV and bury it), buckle down, start educating yourself and taking personal responsibility for your financial future? Don’t depend on Congress to bail you out. The U.S. government is so deep in debt that Uncle Sam needs hip waders just to man the printing press. Social Security? Medicare? David Walker, the recent Comptroller General – the government’s former top accountant quit his job because no one in the government was listening to him. He says there’s an ‘economic tsunami’ (those are his words, not mine) building on the horizon that could make the Great Depression of the 1930’s look like a mere pothole.

The way we see it, you’ve basically got two choices. Continue to be an underpaid, wage-earning gerbil, who gets creamed by inflation, a deflating economy and ends up living with two or three other families in a run down rental, using what’s left of Social Security to cover whatever part of ‘health care’ that isn’t covered by Medicare. Or you can become strong, astute, informed, secure and independent, relying on yourself to steer your financial ship past the reefs and into a sunny harbor where you can drop your golden anchor and spend your time in a hammock, watching the economy collapse on TV!

We Deconstruct Conventional Financial Plans

As you may have gathered by now, we are not financial planners. We are ‘financial un-planners.’ We cannot get licensed to give you unconventional, contrarian personal financial advice. Leave it to your financial advisor to dispense mainstream guidance. Need a new advisor? Check the Yellow Pages for the second largest ad – they try harder.

What we CAN do is to teach you the secrets about rapid debt roll-down, about highly profitable, low-risk investing, trading strategies that you probably never knew existed, and generally provide you with a ‘10,000 foot view’ of money.

They’re not really secrets, but they might as well be judging by how few people use them.

We can teach you how to turn your entire financial apple cart around. We’ve got the education, the programs, the services and the coaching. We can’t think for you, but we can help you start thinking for yourself. We can educate you, motivate you, even nag you when necessary. We can teach you how to trade and invest right over the Internet in the stock and Forex currency markets. We can teach you why, when and how to invest in currencies, stocks, oil, gold, silver and commodities, as well as when to trade those markets down. We can even show you the very day you’ll be debt free, using the same income you already have. This is such a neat mathematical trick, not to mention a total no-brainer, that if you don’t know how to do it, you could easily end up broke.

Assuming certain factors such as potential rates of return and how many years you’ve got left to before retirement, we can also show you how large a pile of money you could reasonably expect to have the day you decide to abandon the commute for a rocking chair or a deep water kayak. The information we offer isn’t free, but it is reasonably priced. As you may have surmised, we’re definitely not ‘in the box.’ We can’t even find the box anymore. The bottom line is, we’re not for everyone but we may be right for you.

About the Founder

Gordon Philips

Gordon Philips is an irrepressible sexagenarian who married a woman twenty years younger, began having children at the age of 53 and typically exhausts everyone around him. His wife, Marlena, says he has two speeds: on and off.

As a boy he learned to use a slide rule from his father, a successful New England businessman and international textile engineer, and still prefers a ’slip stick’ to a calculator to this day. The ultimate opportunist, he applied a lifetime interest in math and physics while an undergrad at Boston University’s premed program.

There he devised fiendish techniques to forecast trends in the U.S. stock market, emerging markets, foreign currencies, precious metals, the oil sector and commodities.

His motto: “Never put off until today what you can do yesterday.”

Gordon Phillips was born when Truman was still in the White House and knows a wooden nickel when he sees one. A recipient of the Daughters of the American Revolution award in an era when people could still spell ‘Constitution,’ Gordon is a diehard New Englander who believes in the slogan on his state license plate which reads ‘Live Free Or Die’, and wouldn’t be caught dead wearing thermal underwear.

Educated as a young pup at Phillips Andover Academy where he breathed some of the same rarified air exhaled by upper classman Gee Dubya Bush, Gordon matriculated to Boston University as a pre-med student where he feverishly burnt the midnight oil studying physics, organic chemistry… and the bass guitar.

After years spent in professional dissipation as a jazz musician, Gordon proceeded directly to retirement at the age of 30 before he was too old, too sick, too broke, or too depressed to enjoy it.

Sensing 10 years later that it was time to decide what he wanted to be when he grew up, Gordon awarded himself a Doctoral Degree (with Minimum Laude) from The School of Hard Knocks, then immediately immersed himself in the study of finance, econometrics and global macroeconomics, none of which, he soon realized, will ever make you a dime.

After reading every investment book he could get his hands on while downing black coffee at a local Barnes & Noble bookstore (before being banned for loitering), Gordon began trading stocks and promptly lost his shirt. Then he traded options. Then baseball cards. Then back to stocks. Then he discovered Forex and, to quote Robert Frost, ‘that has made all the difference.’

In 2000, along with his wife Marlena, Gordon co-founded The Institute Of Higher Earning where in addition to performing custodial duties for his dear wife he develops programs and mechanical strategies to eliminate debt, trade the stock market up and down (for a nice penny in both directions) and trade the Forex currency market for the big pips, while providing FREE trading and investing support that is worth twice the price and otherwise helping working stiffs everywhere figure out what Rumplestiltsken was trying to explain to that farmer’s daughter.

He now divides his time between day trading, home schooling his children whom he fears may be smarter than he is, gleefully tuning in to far away big city traffic reports from his home office (…about a 30 foot commute from the basement shooting range), preparing for the final collapse of the dollar, issuing daily Forex and stock forecasts for subscribers and generally staying out of trouble until the Revolution.

When he reaches 70 he intends to grow his hair like Albert Einstein, officially declare old age (since cranky septagenarians get to do pretty much anything they want), and apply himself to the founding of a true Americanist home-school university, the likes of which James Madison studied at under John Witherspoon.

In the meantime, he advises everyone to buy gold – and learn to speak Chinese.

Videos

Here you can find videos made by IOHE founder, Gordon Philips.