LMT Forex Formula

Chris Lee

This forex fraud article contains a LMT Forex Formula overview, questionable profitability claims and an objective LMT Forex Formula scam assessment.

LMT Forex Formula Overview

LMT Forex Formula is a manual forex trading system involving custom indicators that you run on MetaTrader 4 to monitor the markets, but which you can execute deals for using any trading platform. The LMT Forex Formula was developed by personal forex trader and mentor Dean Saunders.

Vendor Profitability Claims:

While it was unclear what his initial deposit was, the vendor claims to have had a good run, making $30,997.59 trading his L.M.T. Forex Formula system in between one and three lots on a variety of currency pairs during the period of 1/05/2009 to 2/27/2009.

Also, his results during this very limited time frame showed only two losses and four breakeven trades out of 23 trades taken, for a trade accuracy of 74% winning trades. This is below his claim elsewhere on his vendor site of 82% accuracy.

LMT Forex Formula Scam Assessment

Is a LMT Forex Formula scam going on here? Perhaps, since the percentage of winning trades in the vendor’s own profit example seems to be less than advertized elsewhere on the product’s sales website.

Basically, LMT Forex Formula’s performance was shown by its vendors over a very limited and probably carefully-chosen historical period to show good results that still underperformed Dean Saunders’ claims for his system. As a result, future results may not be as good as the claimed returns. Also, since this is a discretionary, manual trading system, individual results can vary considerably between users.

Usually, people who purchase such trading systems test them by trading them in a demo account during the guaranteed return period. If the results look disappointing, they then return them via Clickbank.

Overall, we do not recommend that traders use the LMT Forex Formula trading system or trust money to trading on its signals or those of any other forex trading signal systems.

Basically, trading in the forex market should not be looked at as a way of getting rich quick. Trading forex successfully and consistently requires that you devise and refine your own personal trading system. Trusting money to others should not be seen as a reliable way to succeed in forex trading or in any other situation in life.


Chris Lee

Latest news

Markets Go Berserk! How To Manage Risk During Extreme Volatility?
At the turn of the year, trading floor conversations may have focused on a ‘paradigm shift’ in the economy, from low to high inflation. Read more
Crypto “Pump And Dump” Scheme Results In Kim Kardashian And Other A-listers Being Sued?
Trading crypto is a breathtaking rollercoaster ride at the best of times, but high-ranking US celebrities are being sued for making the experience even riskier. Read more

Safest Forest Brokers 2020

Broker Info Best In Customer Satisfaction Score
#1 ForexTime LogoYour capital is at risk Founded: 2011 Global CFD & FX Broker
Number One Broker
BEST FOREX BROKER Visit broker
5
#2 BlackBull Markets LogoYour capital is at risk Founded: 2014 Global Forex Broker
Number One Broker
BEST SPREADS Visit broker
4.8
#3 Your capital is at risk Founded: 2014 Global Forex & CFD Broker
Number One Broker
Best Trading Conditions Visit broker
4.9
#4 Forex Broker eToro Logo67% of CFD traders lose Founded: 2006 Global CFD & FX Broker
Number One Broker
ALL-INCLUSIVE TRADING PLATFORM Visit broker
4.9
#5 Forex Broker Pepperstone LogoBetween 74-89 % of retail investor accounts lose money when trading CFDs Founded: 2010 Global Forex Broker
Number One Broker
Low minimum deposit Visit broker
4.9

    Forex Fraud Certified Brokers

    FXTM Logo
    Exness Small Logo
    BlackBull Markets Logo
    AvaTrade logo
    Pepperstone Logo
    investous logo
    LegacyFX Small Logo
    Plus500 Small Logo
    HYCM Logo
    IC Markets Logo
    XM Logo
    skilling logo
    OctaFX Logo
    IQ Option Logo
    City Index Logo
    ATFX Logo