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A Review of Dean Sanders’ LMT Forex Formula
The founder of the 10 Minute Forex Wealth Builder system, Dean Saunders, has created an even more advanced version of his proven forex startup strategy system. This new system is known as the LMT Forex Formula or “Low Maintenance Trading Formula”. “Low maintenance” in the title refers to the fact that the trader does not need to stand at his computer all day and monitor and analyze market movements to find a good currency trading pair to open a trade on.
Whether you are a beginner or a forex trading owner, the LMT Forex Formula software system should help you mix up your trading day in fifteen minutes in which you will check your charts and write your course of action. Since this system is not a robot trading system, it means that you do not need to leave your computer on all day or have a hosting service. All your trades will be done manually, giving you complete control over which trades to trade and which to skip.
Dean’s new forex strategy recommends ten currency pairs for trading, as he trades on daily charts. You can trade the system on shorter time frames if you want, but Dean has calibrated this system to be able to extract the maximum profit from a trading position, which means that his trades usually last longer than most four or five hours. day trading systems. He looks for the big wave in the trend, and his system tends to target those trades that hold the most promise for big gains.
If you are looking for a drawback to this system, one drawback might be that it is recommended to check your daily schedules only after the daily load is taken every day for maximum effectiveness. Most brokers close the daily bar at midnight GMT, which is late afternoon or early evening for those in the US and Canada (5PM Pacific to 8PM Eastern). Although this may not always be convenient, it is the best recommended time to check your charts. It is best to check the charts within the first hour after closing the daily bar; but if you were able to do it just two hours after the close, the bump you get in profit potential may be small enough to sustain you (20-30 pips), especially if the trade produces 300 to 400 pips. of profit.
Dean’s forex trading system includes: A 47 page manual that explains the trading system very well; A video explains the steps as you go through the installation; four trademarks that you need to download for the software to work; and four video tutorials covering “Setting up a demo account” (5 min.), “Setting up indicators” (6 min.), “Starting chart indicators” (5 min.), and “Managing chart settings” (13 min.). So, within thirty minutes you can be ready to demo this system in real time to see how well it works. If you need assistance, Dean and his staff are available by email to answer your questions.
It must be emphasized again that this system is designed to earn hundreds of pips per trade. This means you can be in your trade for days – or even weeks – at a time. This also means that you may take a week or two to evaluate the system in demo mode and use it the way it works. So, be patient and watch for action points when doing your due diligence on this system. The LMT Forex formula uses both the software and the human element in recommending trades: the first is finding the traders and the second is the human element, so you look at the four trading rules that Dean outlined to make sure make that a solid offer. trade
And remember, you only need to check your trade once a day for about 10-15 minutes to close positions, set stops, or take profits. If you like the idea of making some big profits from just 5-12 trades a month, then you will appreciate this system and the time and effort it saves you.
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