A Review Of The LMT Forex Formula -- Does The Acronym Imply Lazy Market Trader?
Actually, the "LMT" in the title of Dean Saunders' latest forex software strategy stands for "Low Maintenance Trading." But the way you hear him describe it, it might stand for "lazy market trader." After two years of "endless hours at the computer... crunching numbers... researching currency... trying to follow confusing fundamentals," Dean eventually figured out a way to work as little as possible and earn as much as possible. He wanted to be able to trade the forex without having to spend all day doing it. Furthermore, he wanted to be able to make his trades in simply fifteen minutes a day!
What was his secret? Well, to be absolutely honest...automation. And with total human control. But automation and human control with a forex trading system? Is that truly possible? Yes, it is. Well then, how do you achieve that, you ask? Let me explain. Dean is convinced that automated trading robots can be detrimental for your profitability. "Trading on their own, robots leave you with little or no control and no idea how it even works." That can be a formula for disaster when you're trading in a fast moving arena like the forex.
What if you could have the best of both worlds: automation and human control? What if you could create software to carry out all the laborious, time eating chart breakdown for you? Things like: checking current long term trends, analyzing an accurate buying point, calculating the exact stop and take profit levels, keeping you in the trend as long as possible, and allowing you to trade with less than fifteen minutes a day at your charts. Now, having software like that would really be worth it, wouldn't you think?
Dean's LMT Forex Formula is built on automated trading indicators and complete trader control. He spent unending hours testing his theorem again and again before he even opened a live trade using it. He wanted to make sure that it worked the way he had envisioned it functioning. And when he finally began placing live trades, it "made me more money than I had ever seen! It was now finally a successfully tested 'system' you could work for less than 15 minutes a day and catch unheard of winning trades of up to hundreds of pips."
With Dean's forex strategy and using careful investing tactics, you could as good as affirm a profit on every trade if you wanted to. How a person chooses to trade is completely up to them. The system even has an intelligent alert system which signals you which trading positions are better than others. The real benefit is that all of the analysis is carried out for you, which not only saves a lot of time analyzing market conditions, but also makes simple the knowledge base you need to have in order to employ the program successfully. It reduces your learning curve, in other words.
If there can be said to be a downside to the LMT Forex Formula it is the actuality that all the trades must be initiated manually. You can decide to either view that as a detriment; or you can see it as a benefit which allows you more direct control over the trades you choose to take. If you follow Dean's plan and do a period of paper trading before taking your trading live, you will develop confidence in the system enough to be able to better prognosticate when a profitable trade is being recommended.