If you have been scouring the internet for a comprehensive breakdown of the Phantom Trading FXcourse, it is finally here.
The Phantom Trading FXmentorship program boasts over 10,000 forex trader mentees.
It also promises to be the only trading course you will ever need to transform your Forex game.
In this review, I subject all of those claims to the test and give you an insider view of how the mentorship program operates.
Here’s a peek into what this review contains:
- Overview of the Phantom Trading FX course
- Who is the Course Instructor?
- What’s in the course
- What we like about the course (pros)
- What we dislike about the course (cons)
- Student reviews
Let’s get started.
Table of Contents
Overview of Phantom Trading FXCourse
The Phantom Trading FXcourse platform is designed to give forex traders the necessary skills and training to engage in profitable trades consistently.
Anybody can sign up for the paid course, irrespective of being a newbie or someone who has been in the field for a long time.
A group of experienced traders share with the students valuable insights on forex trading and help the latter avoid the mistakes that even advanced traders might make.
This training includes explaining to the students what various trading components mean and how to use them.
The team of mentors will also acquaint you with the trading tools and strategies that have worked for them over the years. As the course progresses and you are exposed to various market conditions, the instructors will provide many examples of past failed and successful trades as case studies to draw lessons from.
From time to time, you will also get real-time support through market commentaries, live backtesting where expert traders use historical data to test potential strategies, et cetera. You will also have access to actual live trading sessions where the coaches put the methods they teach you to work.
Brief Background On The Creator/Instructor
The Phantom Trading FX has many instructors, but the chief is Brad Wyse or Wyse. Wyse is the face of the Phantom Trading FX. He is a financial analyst, accountant, and wealth management expert from Canada.
His background helped him stabilize himself in the financial market, which he’s been doing for over a decade. He is also a day trader.
Somewhere along the line, Brad met Kevin Warner, a funded day trader, and investor, and together, they developed the Phantom Strategy, which they field-tested for a long time before deciding to collaborate on the Phantom Trading FX course.
What Is In The Phantom Trading FX Course?
The Phantom Trading FX course teaches strategies that rely on the principles of supply and demand and uses price action to help traders find market direction and entries and conduct trade management.
The training is delivered through a series of videos that explain the various trade strategies and how to scale them up to above six figures.
A primary objective of the course platform is to help you advance to become a funded trader. Then you can stand on your feet and start trading using your funds or riding on a prop firm.
Amateur traders usually need help blowing up their funds through careless or risky trading tactics. It’s an even bigger problem as you could run into serious debt if you burn funds from a prop firm.
The Phantom Trading FX course promises to help you overcome that problem and make promising returns and profits instead.
To help students achieve that goal, the trading mentors have put together a roadmap to funding that is a step-by-step action plan for becoming a profitable trader who qualifies for funding.
The mentality behind that system of learning is that most traders fail early on in their journey due to their poor mindset. They assume that when something “fails,” it’s because it does not work, even though they might not have put enough thought and patience into executing it.
There is also the issue of managing the emotions, such as uncertainty and fear of loss, that trading erupts.
The roadmap exposes the plan to success in trading and details the learning curve so that you can perform what you have been taught with the confidence that you are doing the right thing.
The Phantom Trading FX course has many premium resources and video courses, but there is also a generous compilation of free resources.
There are free resources on the significant trading elements, such as
- Productivity and,
Phantom Trading FX also has a YouTube channel that offers tons of valuable free resources through tutorials on various topics and trends in forex trading.
And speaking of courses, there are over 60 of them that are immediately unlocked with a premium subscription. Now, I will show you around the curriculum.
- Unit 1: Welcome series
- Unit 2: Supply and Demand
- Unit 3: Market Structure
- Unit 4: Liquidity Concepts
- Unit 5: Refined Supply and Demand
- Unit 6: Expectational Orderflow
- Unit 7: Risk Management
- Unit 8: Entries and Trade Management
- Unit 9: Trading Processes
- Unit 10: Mini Lessons
Aside from the entire course library (including trading psychology lessons and podcasts), you also get the following with your purchase:
- Daily Market Outlook and EOD markups
- Two live Zoom sessions and all previous sessions before you purchased the course
- Discord Community of traders of all skill levels
- 2 live backtesting sessions per month
- 24/7 dedicated support
- Market commentaries and trade recaps
What We Like About The Phantom Trading FX (Pros)
Access to Direct Feedback On Your Trades
Getting someone to pay attention to your trade and give you direct feedback is easy.
You only have to post your trade in the Discord community and wait a little. You will surely see comments on where your trade could improve.
Very Comprehensive Content
The courses cover virtually every aspect of trading that you need to know.
As you take the course, you will discover new insights on refining your existing trade strategies or adopting new ones.
You will find the training on trader’s mindset and psychology especially valuable. It is a real game-changer.
The community is hosted on Discord, and it is a decently organized one. It’s highly interactive and always has some activity or the other going on.
What I like most about the community is how all the chats have separate spaces. The community isn’t a dump of random comments all in one place, as that would make it hard to sort out helpful comments.
Instead, there are spaces for team member comments, community member posts, support teams, etc. Even ordinary chats have their own space. Everything gets clear.
Expert Course Instructors
All of the instructors on Phantom Trading FX are advanced traders with many years of experience in the field.
They also have degrees in related university courses like accounting and economics. More importantly, they’ve spent many years developing and field-testing their strategies alongside the top dogs in the forex trading world.
Phantom Trading FX hasn’t always been as mature as it is now. There are more qualified hands now, and they give satisfactory answers to just about any trading question you ask.
Plenty of Trade Recaps
Trade recaps are very useful as they allow you to see what was done right, and you can replicate it in your trades.
Thankfully, the instructors provide a lot of trade recaps for students to learn from. That’s nice because the more the trade recaps, the more hands-on experience you can get.
The coaches on Phantom Trading FX hold coaching calls every week via Zoom, and they present excellent opportunities to tap even more into the expertise of the instructors.
After your first coaching call, you will want to keep your fingers crossed for the next one because of their value.
Efficient Trading Style
Phantom FX’s trading style focuses on supply and demand, but it is now more streamlined than it used to be.
Now they advocate focusing on just one trading pair compared to before, when the emphasis could be on up to three or more pairs.
As a result, you can now spend more time mastering a particular trading pair (one alone already has tons of information on it). That’s more sustainable in the long run than juggling multiple trading pairs simultaneously.
At the same time, focusing on only one trading pair allows you to filter more relevant training from Phantom FX’s massive content library.
What We Dislike About The Phantom Trading FX (Cons)
Not For Beginners
Phantom Trading FX is not meant for beginners to trading. The platform picks up from the intermediate level, and if you want to catch up fast, you must have a reasonable understanding of the market.
Tedious Learning Routine
Phantom Trading FXcrams a lot of training into its courses. The regular content is excellent, but the weekly market breakdown and market review content will consume hours of your time on a stretch.
The weekly market breakdown is held every Sunday and can last up to three hours on a stretch. The same goes for the market review, held every Wednesday by another instructor.
When signing up for Phantom FX, you must ensure you have much time to spare. You can’t pursue a significant career or hobby outside Phantom Trading FX if you are serious about learning as much as you need to.
That’s right. There are no refunds after paying for the Phantom Trading FXmentorship.
This is arguably the strongest downside of the course, as it means that you are signing up entirely at your own risk, and you can’t pull out of your commitment if anything goes wrong.
Here are some reviews of Phantom Trading FXthat students have left on one of the leading review platforms, TrustPilot:
You can pay for the Phantom Trading FXmentorship in one of three ways; monthly, quarterly, or yearly.
Unfortunately, even the monthly pricing plan is enough to engulf an entire day’s wage.
And with the non-refundable nature of the subscription, you would have to think twice and then some more before you make your decision.
I suggest considering alternative methods of generating income online if you don’t have spare cash to practice trading, as the trading arena is very capital-intensive.
Is Phantom Trading FX Community Worth It?
The answer to this question is a resounding yes.
And I’m not talking about just the courses alone. Their training is not exactly ground-breaking and could be offered for a much lesser price.
Where the Phantom Trading FXmentorship does make a strong argument is in the massive dose of extra perks that come along with the courses.
Things like the roadmap to funded status, live sessions, team member support, trade recaps, market commentaries, and so on are the best-selling points of the mentorship.
And I must say, those perks are a must-have for anyone serious about taking his forex trading to greater heights.
The mentorship package recommends itself well. You only need to remember that it isn’t for beginners and that, when you pay, you must have the time to dedicate to the training.
Now, I will entertain the following questions before calling it a day.
If you have any questions not answered in this review, please drop them in the comment box below. And your comments too!
How Much Is Phantom Trading FXWorth?
The Phantom Trading FXfounder’s net worth is estimated to be in the eight-figure range due to the highly profitable nature of his trades, his decade-long trading duration, and multiple income streams.
Who Is The Phantom Fx?
The Phantom Trading FX is none other than Brad Wyse. His Phantom Trading FX course contains the blueprint he has used to rack in big cash from forex trading.