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Forex Trading can be very profitable because it's so volatile. Here's How You Can Actually Make |
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The LMT Forex Formula By Dean Saunders
from Dean Saunders Of LMT-Forex-Formula.com
Product Description of the LMT Forex Formula System (by Dean Saunders)
The LMT Forex Formula is a semi-automated forex system by Dean Saunders that trades on the daily charts. It does practically everything for you except place the actual trade, pending a visual review to make sure control always stays in your hands.
This system has garnered several good reviews from the traders who have used it.
Designed to trade with only 15 minutes a day, it is catered for the trader who has a full time job, or who wants to spend time away from the market doing what they love while still making money.
You get clear instructions on how the system works, together with the Expert Advisors to identify potential trading opportunities when they come up. While you still have to manually enter the trades yourself, all the parameters for the trade are supplied through the Expert Advisors.
The aim of this system is to identify trends and ride them till your trade gets closed out. Typically aiming for 100+ to 2,000 pips per trade, your profits should more than cover any of the losing trades that pop up.
The LMT Forex Formula trading system claims an 82% laser accurate trading entry and exit system. While essentially it is not a trading robot, much of the grunt work has been taken out, leaving you only to review the trade opportunity before placing your order.
What you get with your LMT Forex Formula Purchase:
- The LMT Forex Formula manual (instant download)
- LMT's Custom Indicator Package for MT4 users
- Forex Trading Video Tutorials
- Life time upgrades for Free
Product Research on Dean Saunders' LMT Forex Formula System
According to the general consensus of the people who purchased LMT Forex Formula, it is an extremely profitable system that is simple, clear and easy to use.
You get Expert Advisors that work together to identify profitable trading opportunities as well as providing you with the ideal stop loss from the point of entry.
LMT Forex Formula is not a fully automated forex trading robot, but it uses simple and clear rules to identify:
- The prevailing trend (or if there is none)
- Point of Entry
- Stop Loss
- Initial Profit Target
When all the elements line up, you still need to do a visual confirmation with 4 other simple rules before taking a trade. Money management rules are also included. A simple rule is to only have 1 open trade at any time, unless your existing trades are already at breakeven or better. This is to prevent additional account risk due to trading correlated currencies.
It is a trading system that is simple and easy to understand.
The time frames the LMT Forex Formula trades on are the 4hour and Daily charts. If you have the time and inclination, you may want to trade the 4h charts. But if you are busy working, trading the daily charts across 10 - 15 currencies should provide you with enough trading opportunities on a weekly basis.
Our Verdict on the LMT Forex Formula System:
The LMT Forex Formula is a simple trading system that ties in many elements of successful trading.
It is a trend trading system that works first by:
- Identifying the larger trend
- Waiting for a pullback within the larger trend
- And once prices start moving with the larger trend again, it signals an entry
We like this trading system because by trading with the trend, you immediately increase your chances of having a profitable trade. And if you have problems identifying a trend, Dean Saunders has reduced that art to a simple task of checking the expert advisor.
To reduce the risk of opening trades in correlated pairs at the same time, you are advised to open only 1 trade at a time. Only if your existing trade is already at breakeven or better, then another trade may be opened.
You are also shown how to identify support and resistance levels. This step is vital as it is a crucial skill for any trader to learn. You do not want to be opening trades just as they are approaching these levels even if a trading opportunity is identified.
LMT Forex Formula trades the daily chart. By monitoring 10 - 15 currencies together with the aid of the Expert Advisors, you can average about 2 trades a week. Together with proper money management, you should be able to see your trading account showing a steadily growing equity curve over time.
While not every trade is a profitable one, overall most of the user comments about LMT Forex Formula are great. And even if the trader does not find this system suitable to their trading profile, they usually have good comments about Dean Saunders.
Check out the Official LMT Forex Formula Website >>
User Comments and Feedback on the LMT Forex Formula
These are some comments and user feedback that we found about the LMT Forex Formula System:
"I bought LMT Forex Formula when it launched and I have been pleasantly surprised. I traded it on demo for a week or so and caught 3 winners, so I went to live and I've been trading microlots on a small account. So far I've closed out a few 100+ pip winners and currently have an open trade that's up about 50 pips (with a b/e stop, so it's risk free).
I did have a couple losers but that was kinda my own fault as Dean advises not to take more than 1 signal at a time.
This certainly isn't a holy grail system but using careful money management and some discretion, I think you can steadily grow your account with this system..."
Portion of actual user review on ForexPeaceArmy.com
"I have been trading for approximately 18 months and have tried numerous strategies, systems and robots. Many are not worth the money. LMT has worked for me, not only as a 'stand alone' system, but as a useful trigger for other trade setups.
I recently purchased another system from Dean but felt that, despite the fact it was excellent information, it was information I already had. I emailed Dean explaining this and received my refund the same day. You can't ask for more than that. I highly recommend LMT, but more importantly, I highly recommend Dean Saunders."
Portion of actual user review on ForexPeaceArmy.com
Check out the Official LMT Forex Formula Website >>
Have you used this product?
If so please leave a comment below.