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An Assessment Of Dean Saunder's LMT Forex Formula -- Does The Acronym Represent Lazy Market Trader?
In truth, the "LMT" in the title of Dean Saunders' latest forex software application stands for "Low Maintenance Trading." But the way you hear him tell 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 discovered a way to work as little as possible and make as much as possible. He wanted to be able to trade the forex without having to spend the whole day doing it. Furthermore, he wanted to be able to make his forex trades in only fifteen minutes a day!
What was his secret? Well, to be quite honest...automation. And with total human control. But automation and human control with a forex trading system? Is that actually possible? Yes, it is. Well then, how do you do that, you ask? Let me clarify. Dean is convinced 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 recipe for disaster when you're trading in a fast moving arena like the forex.
What if you could have the best of both worlds: automation and human control? What if you could create a software application to do all the labor intensive, time eating chart analysis for you? Things like: checking current long term trends, determining an accurate point of entry, 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 might actually be worth it, wouldn't you think?
Dean's LMT Forex Formula is predicated on automated trading indicators and full trader control. He spent unending hours testing his method again and again before he even made 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 bone fide '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 stratagems, you could almost 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 opportunities are more advantageous than others. The real benefit is that all of the analysis is accomplished for you, which not only saves a lot of time assessing market conditions, but also simplifies the knowledge base you need to have in order to employ the program successfully. It cuts 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 must be initiated manually. You can opt to either view that as a negative; or you can see it as a benefit which allows you more direct management 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 predict when a profitable trade is being recommended.
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