The creator of the 10 Minute Forex Wealth Builder system, Dean Saunders, has created an even more advanced version of his initially acclaimed forex strategy system. This new system is known as the LMT Forex Formula or the “Low Maintenance Forex Trading Formula”. The “low maintenance” in the title refers to the fact that the trader does not need to stand in front of his computer all day monitoring and analyzing market changes to find a good trading currency pair to open a trade on.
Whether you’re a forex trading beginner or veteran, the LMT Forex Formula software system should help you condense your trading day into fifteen minutes during which you’ll review your charts and chart your course of action. Since this system is not a robot-driven trading system, it means you don’t need to leave your computer on all day or have a hosting service. All of your trades will be done manually, giving you complete control over which trades to perform and which ones not to.
Dean’s new forex strategy suggests ten currency pairs to trade as it trades on the daily charts. He can trade the system on shorter time frames if he wishes, however Dean has calibrated this system to be able to get the maximum profit from a trade position, which means that his trades generally last longer than the four or five hours of trading. the majority. day trading systems. He is looking for the big wave in the trend, and his system tends to target those trades that hold the most promise for big profits.
If you are looking for a downside to this system, one downside might be that it is suggested that, for maximum effectiveness, you be available right after the daily bar closes each day to check your daily charts. 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). While this may not always be convenient, it is the best suggested time to monitor your charts. It is best if you can check the charts within the first hour after the close of the daily bar; but if you were only able to make it two hours or so after the close, the hit you take to profit potential may be small enough (20-30 pips) for you to sustain, especially if the trade yields 300-400 pips of profit.
Dean’s Forex Trading System includes: a 47 page manual that explains the trading system very well; a video that explains the steps to follow when it is being configured; four trading indicators that you will need to download for the software to work; and four video tutorials covering “Setting up a demo account” (5 min.), “Installing indicators” (6 min.), “Introduction to chart indicators” (5 min.) and “Explaining the graphics settings” (13 minutes). So in thirty minutes you can be ready to demo this system in real time to see how well it works. If you need help, Dean and his staff are available via email to answer any questions he may have.
It must be re-emphasized that this system is designed to earn hundreds of pips per trade. This means you could be in your trades for days, or even weeks, at a time. Which also means that it can take you a week or two to test the system in demo mode and get used to how it works. So please be patient and keep an eye out for action prompts when doing your due diligence on this system. LMT Forex Formula uses both the software and the human element to recommend trades: the former to find the trades and the latter the human element as it makes you look at four trading rules that Dean has devised to make sure the recommendation is strong. Commerce.
And remember, you only have 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 huge profits on just 5-12 trades a month then you will appreciate this system and the time and effort it saves you.