I dont know much about the Barros swing indicator, but it sounds interesting.
I would say by far the most useful ‘mentor’ for me when I was first learning [I still am and always will be] was an american women called ‘raghee horner.’ I have a couple of her books as well as a few others, but mostly just dedicated myself to being self taught through the internet.
I, like most other people looked at just about every system and type of trading going, including the ‘traders’ who claimed to have the ‘holy grail’, which unfortunatley just doesnt exist. There are however many very successful traders, of many different kinds and they are about 1% of people that try to trade and that actually manage to become successful professional traders.
As said previously Raghee Horner is one of these people and I basically just found her systems, methods and thinking processes easy to understand. She is very good at making people understand the fact that all trading must be based on validity and that alone [for me at least anyway].
I could talk about the infinate different people, subjects and systems that make forex so wonder and also so frustating to learn.
With regard to the hours I spend trading I get up at 8am and look at the charts right until I go to bed, normally around 11:30. However, I dont spend all that time sitting in front of my screens, I will go off to the gym or go shopping etc etc, it all depends on wether I need to be ‘working’.
If you are serious about trading and do stick at it, you will spend tens of thousands of hours looking at charts and that will only be the beginning.
That said, there isnt necessarily a correlation between the time spent and the money earnt in forex, I know some traders that spent very little time looking at the markets [wether that was always the case, I dont know]
Its not really about working ‘hard’, its about working ‘smart’, obviously there is a huge amount of hard work that goes into learning, but once you manage to get to a level of eduction in FX thats sufficient, then its more about working smart, not hard.
For the basics the Babypips school is very hard to beat!
If its something you really want, dedicate yourself to it and sooner or later you should be where you want.
Its a way of life.
I hope that helps.