Futures trader since 1976, founder of Factor Trading (now Factor LLC) and author of Diary of a Professional Commodity Trader. Sells the Factor Research membership on classical charting for $347 a year.
Peter L. Brandt is a U.S. futures trader known for classical chart analysis. According to his own website, he entered the commodity business in 1976 with ContiCommodity Services, where he handled accounts for institutional clients, and in 1980 founded Factor Trading Co., Inc., now Factor LLC, through which he trades proprietary capital. His website also states that he managed trading for Commodities Corporation of Princeton, New Jersey. In a Chat with Traders interview published on August 5, 2026, he described himself as a trader with more than 50 years in the markets. His exact birth year does not appear in the sources reviewed.
He is the author of two books: Trading Commodity Futures with Classical Chart Patterns (1990), which his website describes as out of print, and Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading (John Wiley & Sons, 2011). Jack Schwager interviewed him for the first chapter of Unknown Market Wizards (2020). His website says the 2011 book was Amazon's top-ranked trading title for 27 weeks; no independent source for that figure was found.
His main public channel is X (@PeterLBrandt), where Chat with Traders put his following at more than one million in August 2026. His YouTube channel (@factorco), linked from his website, showed 7.48K subscribers and 10 videos when read on September 14, 2026. He is also listed as an analyst on Bitcoin Live, a third-party crypto subscription platform.
What he sells today is Factor Research, an annual membership sold on peterlbrandt.com. The checkout page lists it at $347.00 every 12 months, renewing automatically, billed by Factor LLC under the name "Factor Trading". According to the site, it includes Factor Reports with chart commentary on futures, forex and crypto, a Knowledge Center of educational articles, member webinars and discussions, a private X feed, and a PDF of his 1990 book. The FAQ states that the service does not give specific buy or sell recommendations or individually tailored advice, that the fee is non-refundable, and that members can cancel at any time and keep access until the paid period ends.
Regulatory record: in the NFA BASIC database (searched September 14, 2026), Peter L. Brandt appears under NFA ID 0001836, with a Minneapolis business address and the trade names Factor Newsletter, Factor Publishing Co and Factor Research and Trading, and under related NFA ID 0016776. BASIC shows Commodity Trading Advisor registration from June 30, 1982 to May 2, 1996, NFA membership during 1985-1992 and 1993-1995, and no current registration or membership. It also lists one NFA general disciplinary action, case 87BCC00046, effective July 7, 1988, with an outcome of a $10,000 fine; BASIC does not show the underlying allegations, and no press coverage of that case was found. No other regulatory action appears under those two NFA IDs.
Not confirmed: his current city of residence, his birth year, and any trading performance figures, which are his own statements without independent verification.
Objective facts about their offer, taken from public sources. We don't rate the quality of the programs or the results you may get.
One without a public price
4 official channels
Minimal audience
Facts checked on Sep 15, 2026.
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| Program | Type | Published price | Link |
|---|---|---|---|
| Factor Research membership Annual membership with Factor Reports on classical chart patterns in futures, forex and crypto, a Knowledge Center of educational articles, member webinars and discussions, a private X feed and a PDF of his 1990 book. No specific trade recommendations. Auto-renews; non-refundable, cancellable at any time. | Community | $347 Checked Sep 15, 2026 | View |
| Diary of a Professional Commodity Trader Book published by John Wiley & Sons in 2011 documenting 21 weeks of his own trading, with lessons on classical charting and risk management. | Book | Not published Checked Sep 15, 2026 | View |
Prices are those published by the mentor on the date checked and may change. “Not published” means we couldn't find a public price.
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A U.S. commodity and futures trader who started in 1976, founded Factor Trading (now Factor LLC) in 1980 and wrote Diary of a Professional Commodity Trader (Wiley, 2011). Jack Schwager profiled him in Unknown Market Wizards (2020).
The Factor Research checkout page on peterlbrandt.com lists $347.00 every 12 months with automatic renewal, as read on September 14, 2026. The FAQ says the fee is non-refundable but the membership can be cancelled at any time.
According to his FAQ, no: Factor does not provide specific buy and sell recommendations or advice tailored to a member's situation. The membership offers chart commentary, educational articles, webinars and member discussions.
Not currently. NFA BASIC (checked September 14, 2026) shows him registered as a Commodity Trading Advisor from 1982 to 1996 and an NFA member in 1985-1992 and 1993-1995, with no active registration today. The same record lists a 1988 NFA disciplinary action that ended in a $10,000 fine.
What can be checked: a trading career documented since 1976 on his own site and in Jack Schwager's Unknown Market Wizards, a book published by Wiley, a paid membership with a public price and terms, and an NFA record with past CTA registration and one 1988 disciplinary fine. His trading returns are self-reported and were not independently verified.
Trading Commodity Futures with Classical Chart Patterns (1990), now out of print and given as a PDF to Factor members, and Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading (John Wiley & Sons, 2011).
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