I am a great fan of the 10 Minute Forex system, so I was very excited to see what this new product was all about. Is this system worth buying? I believe it is..see my full review below.The LMT Forex Formula promises to be the perfect solution for the part time Forex trader - a trading system that is 100% mechanical, 82% accurate and only requires 15 minutes of work every day. What exactly is the LMT Forex Formula? Let’s start by looking at what this system is NOT. The LMT Forex Formula is not a Forex Robot that trades automatically. It is Not a robot that trades for you. They have a software which shows you the trades but they do NOT place trades for you. You will
manually make the trades which keeps you informed on your trades.
This system is designed to earn 100’s of pips per trade.
It is good for real traders who want to have control over the
trades that you want to make.
This system comes with special indicators that alert you when trading opportunities occur, but you still place and manage the trades yourself. This means that you are not tied to a specific broker and always remain 100% in control of your own trading.
The second thing that the LMT Forex Formula is not is a scalping or intraday trading system that requires you to place many small trades every day. This system is all about large movements in the currencies and is designed to earn hundreds of pips per trade. You will get around 2-3 trades per week and sometimes stay in these trades for days before taking large profits.
What I like about the LMT Forex Formula
I have only tested the LMT Forex Formula for a short while, but the beta testing results I have seen so far has been very impressive. Those who trade actively with this system frequently report large winning trades of more than 300 pips and conservative results show that it is possible to easily make around 500 pips per month by only trading the one or two best setups every week.
Another great thing about this system is that you can use it with ANY broker, you are not forced to use a Metatrader broker like you are with all the Forex robots. The custom indicator requires Metatrader, but you can easily use a free Metatrader demo account for your trade signals and charting while doing your actual trading at a different broker.
The launch price is very affordable. Just the money management techniques that Dean teaches in this system alone is worth this price and if you consider that the product comes with a 60 day money back guarantee, then this is really a low-risk purchase.
Conclusions and Recommendations
Any Forex product by Dean Saunders is always worth investigating and the LMT Forex Formula is definitely one of the the easiest, most accurate Forex trading systems I have ever come across. If you are looking for a system that is almost 100% mechanical, but still under your full control, then I definitely recommend that you check this one out. Once you feel what it is like to take 500 pips profit in one trade off the daily charts you will never be interested in short term scalping methods again.
---- by:fxtradingreviews ------
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