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An Evaluation Of Dean Saunder's LMT Forex Formula -- Does The Abbreviation Imply Lazy Market Trader?
In reality, the "LMT" in the title of Dean Saunders' latest foreign exchange software program stands for "Low Maintenance Trading." But the way you hear him describe 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 discovered a way to work as little as possible and reap as much as possible. He demanded 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 absolutely honest...automation. And with absolute human control. But automation and human control with a forex trading system? Is that actually possible? Yes, it is. Well then, how do you accomplish that, you ask? Let me clarify. Dean believes that automated trading robots can be detrimental 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 recipe for misfortune 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 design a software application to carry out all the labor intensive, time consuming chart analysis for you? Things like: checking current long term trends, determining an accurate entry 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 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 endless hours testing his formula again and again before he even made a live trade using it. He wanted to make absolutely sure that it performed the way he had expected it operating. And when he finally began opening 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 stratagems, you could nearly guarantee a profit on every trade if you wanted to. How a person decides to trade is completely 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 done for you, which not only saves a lot of time appraising market conditions, but also simplifies the knowledge base you need to have in order to utilize 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 have to be initiated personally by hand. You can decide to either view that as a negative; or you can see it as a benefit which allows you more direct control over the 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 gather confidence in the system enough to be able to better foretell when a profitable trade is being recommended.
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