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An Assessment Of The LMT Forex Formula -- Does The Abbreviation Stand For Loafing Market Trader?
In reality, the "LMT" in the title of Dean Saunders' latest foreign exchange software system stands for "Low Maintenance Trading." But the way you hear him tell it, it could stand for "lazy market trader." After two years of "endless hours at the computer... crunching numbers... researching currency... trying to follow confusing fundamentals," Dean finally discovered a way to work as little as possible and earn as much as possible. He demanded to be able to trade the forex without spending all day doing it. Furthermore, he wanted to make his forex trades in only fifteen minutes a day!
What was his secret? Well, to be perfectly honest...automation. And with full human control. But automation and human control with a forex trading system? Is that really possible? Yes, it is. Well then, how do you accomplish that, you ask? Let me demonstrate. Dean believes that automated trading robots can be a detriment 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 disaster when you're trading in a fast moving arena like the forex.
What if you could get the best of both worlds: automation and human control? What if you could devise software to accomplish all the laborious, time consuming chart breakdown 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 software like that would really be worth it, don't you think?
Dean's LMT Forex Formula is built on automated trading indicators and full trader control. He spent countless hours testing his formula again and again before he even opened a live trade utilizing it. He wanted to make sure that it worked the way he had envisioned it functioning. And when he finally began making 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 careful investing tactics, you could in effect affirm a profit on every trade if you wanted to. How a person decides to trade is totally up to them. The system even has an intelligent alert system which tells you which trading positions are better than others. The actual benefit is that all of the analysis is carried out for you, which not only saves a lot of time appraising 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 fact that all the trades have to be initiated personally by hand. You can choose to either view that as a negative; or you can see it as an advantage which allows you more direct control over the trades 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 predict when a profitable trade is being recommended.
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