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An Evaluation Of Dean Saunder's LMT Forex Formula -- Does The Acronym Stand For Lazy Market Trader?
Actually, the "LMT" in the title of Dean Saunders' latest foreign currency 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 eventually figured out 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 the whole day doing it. Furthermore, he wanted to be able to make his trades in simply fifteen minutes a day!
What was his secret? Well, to be utterly honest...automation. And with absolute 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 demonstrate. Dean is convinced 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 formula for trouble when you're trading in a fast moving arena like the forex.
What if you could obtain the best of both worlds: automation and human control? What if you could devise a software application to accomplish all the laborious, time consuming chart analysis for you? Things like: checking current long term trends, analyzing 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 would really be worth it, wouldn't you think?
Dean's LMT Forex Formula is built on automated trading indicators and full trader control. He spent unending hours testing his formula again and again before he even opened a live trade utilizing it. He wanted to make absolutely sure that it performed the way he had expected it functioning. And when he finally began placing 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 careful investing tactics, you could as good as 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 signals you which trading positions are more desirable than others. The real benefit is that all of the analysis is carried out for you, which not only saves a lot of time analyzing market conditions, but also simplifies 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 reality that all the trades have to be initiated personally by hand. You can decide to either view that as a detriment; or you can see it as a benefit which allows you more direct control 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 gather confidence in the system enough to be able to better predict when a profitable trade is being recommended.
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