An Assessment Of The LMT Forex Formula -- Does The Acronym Stand For Loafing Market Trader?
In reality, the "LMT" in the title of Dean Saunders' latest foreign currency software program 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 eventually figured out a way to work as little as possible and profit as much as possible. He sought to be able to trade the forex without spending all day doing it. Furthermore, he wanted to be able to make his trades in just fifteen minutes a day!
What was his secret method? Well, to be utterly honest...automation. And with total human control. But automation and human control with a forex trading system? Is that really possible? Yes, it is. Well then, how do you do that, you ask? Let me explain. Dean believes 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 disaster when you're trading in a fast moving arena like the forex.
What if you could have the best of both worlds: automation and human control? What if you could devise a software application to carry out all the labor intensive, time eating chart calculations for you? Things like: checking current long term trends, analyzing 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 would really be worth it, don't you think?
Dean's LMT Forex Formula is predicated on automated trading indicators and complete trader control. He spent unending hours testing his method again and again before he even made a live trade utilizing it. He wanted to make sure that it worked the way he had envisioned 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 tactics, you could in effect assure 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 true benefit is that all of the analysis is done for you, which not only saves a lot of time analyzing market conditions, but also makes simple the knowledge base you need to have in order to use 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 fact that all the trades must be initiated personally by hand. You can choose to either view that as a detriment; 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 plan and do a period of paper trading before taking your trading live, you will develop confidence in the system enough to be able to better prognosticate when a profitable trade is being recommended.