This article contains a Forex Morning Trade review which highlights the key benefits of this Forex trading product and why any serious Forex trader should sit up and take notice.
Forex trading has been growing at a fast pace and each day many beginner traders join the markets, mostly lured by the possibility of quick riches and easy success. However, every successful Forex trader knows that there is no short cut and the key lies in learning how to trade through good Forex education. In particular for beginner traders, it is advisable that they start off with simple Forex trading with the aim to preserve their trading capital and learn to make consistent profits.
It is a fact that Forex trading is not easy to learn and master. Very few good traders are self-taught, while the majority paid expensive dues for the Forex markets to “teach” them how to trade. Learning the latter way means that blowing up accounts is the norm rather than exception, and this is not good for building confidence. Not to mention the chances of coming back to try again at getting it right, as finances may not always permit that.
As they say, a little knowledge can be a dangerous thing. This is undeniably true when looking at Forex trading – there is absolutely no substitute for proper education. Dabbling in the markets, as mentioned earlier, will only see poorer traders. But what if there is a way to learn while you earn? Forex Morning Trade, the subject of this review article, creates such a possibility.
The idea is to employ simple Forex trading to trade in the markets and make some money while not getting overly engrossed. The trader then has more time on hand to focus on good Forex education. There is almost no worry about bankrupting the account since no gambling is involved; in fact, the money made through Forex Morning Trade could well be used as risk-free money to try out new Forex trading ideas as the trader learns more. So, what is Forex Morning Trade?
Forex Morning Trade is a Forex trading system solely for trading the GBP/USD currency pair, or loosely speaking the Pound. Developed by a professional trader named Mark Fric, this system was designed to be easy to learn and take less than 10 minutes of effort to trade each day. Yet, beneath this simplicity lies a powerful trading method that actually yields consistent profits. As such, Forex Morning Trade is good for both newbie and experienced Forex traders.
It is well known that the Forex markets are abuzz when the London session opens (at 8am UK time). This is probably the time when the largest volumes get transacted, which means that Forex prices really get moving. With this in mind, Forex Morning Trade positions a trade in advance of London open to harness such price moves in the Pound. It uses a proprietary decision-making algorithm to decide which direction the Pound is likely to move and signals this likelihood 1.5 hours before the open.
On many trading days there will be clear signals to put on trades – these trades turn out profitable most of the time. Some trades do end up with losses, but the built-in stop loss guidance will put a strict limit on that. Of course there are a few days when no trade signals are given, which means traders simply do not trade. Which also means lots of free time for on-going Forex education.
For traders who would be in bed before London opens (due to time difference) or just want to have it easy, Forex Morning Trade includes a MetaTrader 4 Expert Advisor (also known as trading robot) to automate trading. This really makes Forex trading simple while it works its magic to generate a comfortable stream of income passively for the trader. For a newbie trader however, it is strongly suggested that he/she trades the system manually for a while to learn and understand how things work.
All in, this Forex Morning Trade system generates many more winners than losers over a reasonable trading period, which should be at least 3 months to be statistically significant. So far, its creator Mark Fric has tested the system from 2009 till early 2011 and saw profits of some 3000 pips being made. This was done trading only a fixed lot size, without compounding the trading capital to trade larger sizes. And as we know, Mark continues to trade and earn from his system.