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An Evaluation Of Dean Saunder's LMT Forex Formula -- Does The Abbreviation Stand For Lazy Market Trader?
In truth, the "LMT" in the title of Dean Saunders' latest foreign currency software strategy 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 finally figured out a way to work as little as possible and profit as much as possible. He demanded to be able to trade the forex without spending the whole day doing it. Furthermore, he wanted to make his trades in simply fifteen minutes a day!
What was his secret? Well, to be perfectly honest...automation. And with total human control. But automation and human control with a forex trading system? Is that realistically possible? Yes, it is. Well then, how do you accomplish 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 prescription for disaster when you're trading in a fast moving arena like the forex.
What if you could get the best of both worlds: automation and human control? What if you could create software to carry out all the laborious, time eating chart calculations for you? Things like: checking current long term trends, calculating an accurate buying 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 complete trader control. He spent countless hours testing his method again and again before he even opened a live trade using it. He wanted to make absolutely sure that it worked the way he had envisioned 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 careful investing stratagems, you could as good as guarantee a profit on every trade if you wanted to. How a person chooses to trade is totally up to them. The system even has an intelligent alert system which tells you which trading opportunities are more advisable than others. The actual benefit is that all of the analysis is carried out for you, which not only saves a lot of time assessing 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 have to be initiated manually. You can opt 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 suggestion 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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