LMT – Forex Formula

Dean Saunders LMT Forex formula.

The LMT formula (low maintenance Forex trading formula) was hyped as a “set and forget, make a fortune in only 15 minutes a day” forex trading system. They always make it sound too good to be true, and it typically is, however there is some truth to these claims!

It can be traded straight out of the box even if you have very little forex currency experience, however the more forex trading knowledge you have the better. I would strongly recommend that anyone trying any new forex product use a free demo account at first.

The formula is described fully & simply in a downloadable e-book and comes with a file that you attach to your metatrader trading platform (if you don’t have metatrader at the moment, its free and there are instructions how to download that too).

You can read Mr Saunders e book and have the whole lot up and working in just a few short hours.

Formula

The forex trading formula is very conservative. You only buy a currency pair if the long term trend is going up and only sell if the trend is down.  I’m sure many of you have heard the expression “The Trend Is Your Friend.” Currency Trading in the direction of the current trend has shown to increase your chances of a profitable forex trade by up to 30%.

When Do I get in to a trade?

When a trade opportunity presents itself an alarm will sound to tell you which pairs have possible trades.

When do I get out?

Finally, when to get out of the trade. The hardest part of forex that I find is knowing when to close the trade, ie getting out too soon. Again Dean Saunders has a simple solution. When a candle crosses a specific EMA (line) and closes through it. Get out.

Concerns

The only thing that concerned me initially was that for those of you who can only trade the daily forex charts, I didn’t think you could just set it and forget it as they claim in their marketing. I thought that you would need to sit around to wait for the 1st profit target to be hit and then move the stop loss to break even on the second lot. However there is a trick with metatrader that solves that potential problem.

Had I started last week, trading on the daily charts I would be currently 3800 pips up and still going strong !!

The only problem if you are new to forex trading is that you need to use some discretion before deciding to take some of the trades. Sometimes the LMT will signal 7 or 8 trades all at the same time !! You need to learn which  trades have the greatest potential and which ones to leave. You also need to use strict money management rules.

The product comes with a 60 day money back guarantee, so you have nothing to lose and plenty to gain. However Dean Saunders has said that he will limit the number of members he will allow so that he and I can provide the level of support to our respective followers.

Check to see if its still available:

Conclusion

As i said at the beginning I hardly ever recommend a forex training product as most of them are scams or at best not worth the paper that they are written on. This is the 1st new forex product that has got me excited in a long time. At the end of the day if you are serious about trading currencies and risking $1000’s then you have to spend some money on improving your forex education.

The 4 hour and daily charts are a lot less stressful as well as more predictable in my experience. The sooner you can get away from these small time frames the better.

Use the banner link above or below to join the LMT Forex Formula. Email me with your confirmation details (forexskool@gmail.com) and I will rebate you my discount.