Dean Saunders was kind enough to allow me a chance to look over his Low Maintenance Trading forex trading system for review. The results actually surprised me a little.
What is the L.M.T. forex system?
First let's discuss that items that you get with the L.M.T Forex System.
- The L.M.T. instruction book
- A specialized MetaTrader indicator package
- A bonus ebook on news trading
What does the LMT Forex System Cost?
The cost of the system is $149. Not really an outrageous price, but not really a shoe string price either.The Sales Page
The sales page did not impress me. I actually expected this to be a really poor product because of the level of overselling on the sales page. These types of sales pages typically lend themselves to very poor, fly by night products.
The L.M.T. Forex Trading System
The system itself is not complicated. It runs on the metatrader platform as a template and indicator set. The system will print buy and sell signals on the chart for you. The system also gives you the overall trending for the currency pair that you are trading.
The actual trading of the system is up to you. The signals show up on the chart and you have to place the trades manually and then manage them accordingly. Because of the fact that the system is so discretionary, trading results will vary widely.
The actual trading of the system is up to you. The signals show up on the chart and you have to place the trades manually and then manage them accordingly. Because of the fact that the system is so discretionary, trading results will vary widely.
The L.M.T. Instruction Book
The L.M.T. trading book is actually fairly informative. It gives a very basic outline of what forex trading is and details on how to use the system. The book, unlike the sales page, is much more down to earth about methods of trading the system and risk involved.The Easy News Trader Bonus Ebook
The easy news trader ebook is a bonus book that contains a simple news trading system. The book contains step by step examples of an easy to understand system of trading news announcements. There is nothing earth shatteringly profound in this book, but it will give you some ideas on how to go about news trading.Summary
The L.M.T. forex trading system is just a simple forex trading system based on a modified MACD indicator and a 10 period moving average on the chart. The system trades on the 4 hour chart and uses the daily chart to figure out the overall trend. It suggests stop loss and take profit levels right on the chart.
The system is a fair system when used in combination with strong risk management and some trading discretion. Unless you are starting with a large amount of capital, the income claims on the sales page are not likely. However, if you use the system with a reasonable amount of capital and corresponding limits on risk, there is a good chance you will make money with it. While this is not the system of all systems for forex trading, it can give you a place to start if you are looking to build your own system. The instructions are easy to follow and the price is not terribly expensive in comparison to many forex trading products.
