Why Does Formula Need To Be Used Within An Hour A Review of Dean Sanders’ LMT Forex Formula

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A Review of Dean Sanders’ LMT Forex Formula

Dean Saunders, the originator of the 10 Minute Forex Wealth Builder system, has created an even more advanced version of his original acclaimed forex strategy system. This new system is known as LMT Forex Formula or Low Maintenance Trading Forex Formula. The “low maintenance” in the title refers to the fact that the trader does not have to stand behind the computer all day, watching and analyzing market movements to find a good trading pair to open a trade with.

Whether you are a beginner or a veteran of forex trading, the LMT Forex Formula software system should help you condense your trading day into fifteen minutes in which you can check your charts and plot trends. Since this system is not a robot based trading system, it means that you don’t have to turn on your computer all day or use a hosting service. All of your trades are executed manually, giving you complete control over which trades to enter and which to exit.

Dean’s New Forex Strategy recommends trading ten currency pairs as it trades on daily charts. You can trade the system on shorter time frames if you wish, but Dean has calibrated the system to extract maximum profit from a trading position, which means his trades usually last longer than four or five hours at most. day trading systems. He looks for the big wave of the trend and his system tends to target those trades that promise the biggest profits.

If you’re looking for a downside to this system, one of the downsides might be that for maximum efficiency, you’re advised to be available every day right after the day bar closes to check your daily charts. Most brokers close the daily bar at midnight GMT, which is late evening or early evening for US and Canadian residents (5:00 PM to 8:00 PM in Eastern European countries). Although it may not always be convenient, this is the best time to watch the charts. It is best if you can check the charts within the first hour after the daily bar closes; however, if you were able to do this just two hours after the close, your profit potential hit may be small enough (20-30 pips) to sustain, especially if the trade results in 300-400 pips of profit.

Dean’s Forex Trading System includes: a 47-page manual that describes the trading system very well; a video explaining the setup steps; four trading indicators you need to download for the software to work; and four video tutorials on “Demo Account Setup” (5 min), “Installing Indicators” (6 min), “Introduction to Chart Indicators” (5 min) and “Chart Setup Explained” (13 min). So in thirty minutes you can be ready to demo this system in real time to see how well it works. If you need help, Dean and his staff are available via email to answer your questions.

It should be emphasized again that this system is designed to earn hundreds of pips per trade. This means you can be in your trades for days or even weeks at a time. Which also means it may take a week or two to evaluate the system in demo mode and get used to how it works. So, be patient and watch for activity indicator points while performing due diligence on this system. LMT Forex Formula uses both software and a human element to recommend trades: the first to find trades and the second​​​​a human element that allows you to look at the four trading rules Dean has developed to make sure the recommendation is a solid trade.

And remember that you only need to check your trade once a day for about 10-15 minutes to close positions, set stops or take profit. If you like the idea of ​​making big profits from just 5-12 trades a month, you’ll appreciate this system and the time and effort it saves you.

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