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An Assessment Of The LMT Forex Formula -- Does The Abbreviation Imply Loafing Market Trader?
Frankly, the "LMT" in the title of Dean Saunders' latest forex software program stands for "Low Maintenance Trading." But the way you hear him explain 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 figured out a way to work as little as possible and make as much as possible. He sought to be able to trade the forex without having to spend the majority of his time doing it. Furthermore, he wanted to be able to make his trades in simply fifteen minutes a day!
What was his secret method? Well, to be absolutely honest...automation. And with total human control. But automation and human control with a forex trading system? Is that actually possible? Yes, it is. Well then, how do you achieve that, you ask? Let me explain. Dean thinks that automated trading robots can be bad for your bottom line. "Trading on their own, robots leave you with little or no control and no idea how it even works." That can be a prescription for trouble 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 create a software application to conduct all the labor intensive, time eating chart analysis for you? Things like: checking current long term trends, analyzing an accurate buying point, 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, wouldn't you think?
Dean's LMT Forex Formula is predicated on automated trading indicators and complete trader control. He spent endless hours testing his theorem again and again before he even made a live trade using it. He wanted to make absolutely sure that it worked the way he had envisioned it performing. And when he finally began opening live trades, it "made me more money than I had ever seen! It was now finally a successfully tested '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 conservative investing approaches, you could almost assure a profit on every trade if you wanted to. How a person chooses to trade is completely up to them. The system even has an intelligent alert system which tells you which trading opportunities are more advantageous than others. The true benefit is that all of the analysis is done for you, which not only saves a lot of time evaluating market conditions, but also simplifies the knowledge base you need to have in order to utilize the program successfully. It reduces your learning curve, in other words.
If there can be said to be a downside to the LMT Forex Formula it is the reality that all the trades have to be initiated manually. You can opt to either view that as a detriment; or you can see it as a benefit which allows you more direct management over the positions you choose to take. If you follow Dean's advice and do a period of paper trading before taking your trading live, you will gather confidence in the system enough to be able to better foretell when a profitable trade is being recommended.
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