subject: LMT Forex Formula Review [print this page] LMT Forex Formula Review LMT Forex Formula Review
LMT or Low Maintenance Trading Forex Formula is yet another of the Forex's products to play an important role in stocks and trading. Unlike the other trading software programs, this one is not a programmed computer or a robot, but nonetheless it identifies and calculates the profit and the profitable business.
With LMT Forex Formula you get a very well put manual which throws light on the entire system and how it works through various examples. Also the instructions are videotaped and given to you. They also provide you with essential plug-ins for the software to work as well as some videotaped instructions about demo accounts, indicators, chart indicators and the chart setups. It is a complete guide to get you started with the formula.
As mentioned, LMT is not a programmed computer or automation and it requires human input to place trades and make business. The only thing it does is to point the trade and analyze the profit. It wipes away all draw backs of a computerized trading. It is good to have the authority and control of your trades, but it also adds brings in human emotions in the choices and that is the first no-no in the business world. The LMT gives you a four tier formula which decides if the trade is a good one or not. It sounds very simple and it is too, but you need to be careful while you are at it. Not everyone can mark and judge the trades well enough and especially not the people who let their emotional or nervous sides take the best of them.
LMT is not a scalping arrangement either. You cannot just use this software in the prospect of getting small profits multiple times a day. That is mainly why it is not the right pond for the new fish. If you are a new trader, you must try some other programs like Easy Forex first, to get a hang of the things. You can also try LMT's demo programs but I would suggest a real experience first.
LMT Forex only allows you to check your account once in a day and that too only for 10 minutes. In this short time you need to make your decisions, take the profits, make the trades, set stops, close out the positions and finalize the dealing. That is why it may take days and weeks to be in the trade. But it does not stop you from making a huge profit. LMT Forex Formula is especially designed to make big profit at a time and it has produced profits of hundreds of pips in one sitting. Sometimes the profits even touch the four figure pips.
But timings are one of its biggest drawbacks too; it requires you to be online right after the closure of daily bar, each day. It is usually after mid night, according to the headquarters local time, but it might as well be way past midnight or the beginning of dawn in some other country.
