An Assessment Of Dean Saunder's LMT Forex Formula -- Does The Designation Stand For Lethargic Market Trader?
In reality, the "LMT" in the title of Dean Saunders' latest forex software application stands for "Low Maintenance Trading." But the way you hear him describe 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 the whole day doing it. Furthermore, he wanted to make his forex trades in just fifteen minutes a day!
What was his dark secret? Well, to be absolutely honest...automation. And with absolute human control. But automation and human control with a forex trading system? Is that truly possible? Yes, it is. Well then, how do you do that, you ask? Let me clarify. Dean thinks that automated trading robots can be bad 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 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 compose software to accomplish all the labor intensive, time eating chart calculations for you? Things like: checking current long term trends, calculating 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 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 countless hours testing his formula again and again before he even opened a live trade utilizing it. He wanted to make sure that it worked the way he had expected 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 cautious investing approaches, you could as good as assure 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 signals 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 simplifies the knowledge base you need to have in order to employ 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 have to be initiated manually. You can choose to either view that as a detriment; or you can see it as an advantage which allows you more direct control over the 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 gain confidence in the system enough to be able to better prognosticate when a profitable trade is being recommended.