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A Review of Dean Sanders’ LMT Forex Formula
The founder of the 10 Minute Forex Wealth Builder program, Dean Saunders, has developed a more advanced version of his forex strategy program. This new system is known as the LMT Forex Formula or “Low Maintenance Forex Formula.” “Low maintenance” in the title refers to the fact that the trader does not want to stand on his computer all day monitoring and analyzing market changes in order to find a good pair of currency trading in opening a trade.
Whether you are a beginner or a veteran of forex trading, the LMT Forex Formula software program should help you reduce your trading day to fifteen minutes where you will look at your charts and plan your strategy. Since this program is not a trading robot, it means you don’t need to leave your computer all day or have a hosting service. All your trades will be done manually, giving you complete control over which trades to make and which to stop.
Dean’s new forex strategy recommends ten currency pairs to trade, as they trade on daily charts. You can trade the system for shorter periods if you want, however Dean has timed the system to be able to pull down the maximum profit from a trading position, meaning his trades usually last longer than four or five hours at most. day trading programs. He looks for big waves on the way, and his system tends to focus on those trades that hold the greatest promise of profit.
If you are looking for a drawback in this system, another drawback may be that it is recommended to be more active if you are available after the daily bar closes each day to check your daily charts. Most traders close the daily bar at midnight GMT, which is afternoon or evening for those in the US and Canada (5PM Pacific to 8PM Eastern). While this is not always ideal, it is the most recommended time to look at your charts. It is best if you can search the charts within the first hour after the daily bar closes; but if you were able to do so for two hours or after the closing, hitting the minus in the opportunity to get a profit may be small enough (20-30 pips) to save, especially if the trade produces 300 to 400 pips. of profit.
Dean’s forex trading system includes: a 47 page manual that lays out the trading system very well; a video explaining the steps to take when preparing; four trading indicators that you will need to download for the software to work; and four video lessons covering “Setting up a demo account” (5 min.), “Installing indicators” (6 min.), “Introduction to chart indicators” (5 min.), and “Explanation of chart setup” (1 min. 5), 13 min.). So, in thirty minutes you can be ready to demo this program in real time to see how well it works. If you need any help, Dean and his staff are available by email to answer any questions you may have.
It should also be emphasized that this program is designed to earn hundreds of pips by trading. This means you can be in your trade for days—or weeks—at a time. This means that it may take you a week or two to test the program in demo mode and familiarize yourself with how it works. So, be patient and look for pointers when doing your due diligence in this process. LMT Forex Formula uses both the software and the human element in recommending trades: the first to find the trade and the second, the human element, because you look at the four trading rules that Dean has developed to ensure that the recommendation is solid. trade.
And remember, you should check your trade once a day for about 10-15 minutes to close positions, stop, or take profit. If you like the idea of making a big profit from a 5-12 month sale, you will appreciate this process and the time and effort it saves you.
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