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An Evaluation Of The LMT Forex Formula -- Does The Abbreviation Imply Lazy Market Trader?
Frankly, the "LMT" in the title of Dean Saunders' latest foreign currency software system stands for "Low Maintenance Trading." But the way you hear him tell 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 at last figured out a way to work as little as possible and reap as much as possible. He wanted to be able to trade the forex without spending the majority of his time doing it. Furthermore, he wanted to make his forex trades in only fifteen minutes a day!
What was his dark secret? Well, to be utterly honest...automation. And with complete human control. But automation and human control with a forex trading system? Is that truly possible? Yes, it is. Well then, how do you do that, you ask? Let me clarify. Dean thinks 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 recipe for misfortune when you're trading in a fast moving arena like the forex.
What if you could obtain the best of both worlds: automation and human control? What if you could design a software application to do all the laborious, time eating chart calculations for you? Things like: checking current long term trends, determining an accurate point of entry, 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 access to software like that might actually be worth it, wouldn't you think?
Dean's LMT Forex Formula is predicated on automated trading indicators and full trader control. He spent unending hours testing his theorem again and again before he even opened a live trade utilizing it. He wanted to make sure that it performed the way he had expected it working. And when he finally began placing live trades, it "made me more money than I had ever seen! It was now finally a bone fide '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 cautious investing approaches, you could as good as affirm a profit on every trade if you wanted to. How a person decides to trade is entirely up to them. The system even has an intelligent alert system which informs you which trading opportunities are more desirable than others. The real benefit is that all of the analysis is accomplished for you, which not only saves a lot of time evaluating market conditions, but also makes simple the knowledge base you need to have in order to employ the program successfully. It cuts 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 negative; or you can see it as an advantage which allows you more direct management over the trading positions you choose to take. If you follow Dean's approach and do a period of paper trading before taking your trading live, you will gain confidence in the system enough to be able to better prognosticate when a profitable trade is being recommended.
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