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Forex Morning Trade EA System Review
| Category |
Automated / Manual System
( Has attributes of both automated systems and manual systems )
| | Description | Forex Morning Trade is a mechanical Forex trading system that reduces the amount of manual labor that is involved in Forex trading. It analyzes a huge amount of data and achieves consistent profits with its accurate and complex calculations and recommendations.
The first advantage of the Forex Morning Trade is that it is user friendly. Even beginners can use it without much difficulty, while it helps to make the expert trader consistently profitable as well. Moreover, it is a system that will take you only about 10 minutes a day and gives you consistent profits month after month.
Yes, the system is easy to implement, but that’s not all. It also comes with an indicator that simply tells you when to buy, sell, or stay out of the market. You get the information and analysis in just a few minutes in order to make a decision. You can also have the advantage of seeing the projected numbers of both profits and losses. All you need to do is to enter in your aimed profit targets and when to start and stop. Just be on your computer at the right time explained in the system, see what the indicator is telling you, and enter the trade. It is that simple.
There is a surprise link to Forex trading forum within Forex morning trade member area. I found this forum very helpful. Some of my initial problems were already asked and answered. Most people were there since the launch of Forex morning trade and are very loyal to Marc Fric. Any negative comments by others were quickly corrected by the people who are making money with the system. They post their results and tweaked settings to get a few more pips and have more winning trades than Marc Fric, the creator of this Forex trading system.
Both the auto and manual Forex trading methods use the exact same settings and rules. It only trades once a day, so the risk is limited, especially if using the recommended/default setting of 2% per trade. Unlike other automatic Forex trading software/robots, there has not been record of a single account being wiped out since the system was launched back in August 2010. | | Unique Features: | - EA that comes with the purchase for your optional use
- Free updates + NO monthly payments or hidden fees.)
- Unlimited updates of the program and the live support
- The developer is very professional and responds to emails promptly and provides journal of daily trades.
- The manual is well written with simple step-by-step instructions. Even a beginner to Forex trading can understand how to set up the system in just a few minutes.
- You can trade it manually using your existing broker, a new broker with MT4 trading platform, or automatically using Expert Advisor (automatic Forex trading software).
- It is verified with more than 2 years of profitable trading.
- If trading automatically using meta trader 4 platform, it will automatically move your stop loss once you are in profit by the recommended amount.
| | Package Contents: | 1. Illustrated Trading Guide with detailed instructions about the system and real examples of two weeks of trading. The entry and exit rules are clearly explained, there is nothing hidden.
2. Fx Morning Trade indicator that displays the entry signals, recommended profit target and stop loss levels as well as time range for trading.
3. Forex Morning Trade Template for MetaTrader4, so that you can set up your chart quickly
4. Lifetime email support, so that you can contact Mark if you need help or guidance
5. Lifetime future updates – Mark continues to trade and improve the system, so there could be amendments and optimizations to fit actual market conditions
6. MetaTrader 4 Template - just load into your platform and your indicators are set up. If you use any other platform, just use the other two indicators listed in the manual and plug them into your trading platform.
7. Well written manual that explains the trading system with clear cut examples and dates so you can compare them to your trading platform charts.
Bonuses
1. Meta trader 4 Expert Advisor (automatic Forex trading software/robot that trades GBP-US $, using Meta Trader 4 trading platform automatically).
2. Marc Fric’s live Forex morning trade journal. | | Risk of Purchase: | You should be successful, however whenever you try any trading system or software, make sure to fully understand how the system works and the results if produces before running it live. It is recommended to use your refund period to test it thoroughly for at least a month. If your results are satisfactory, only then should you consider trading it live with your hard earned money.
There is a 60 day money back guarantee | | Review: | These days there are so many products that are available on the market that claim impressive benefits for Forex traders. However, the fact is that most of them fail to live up to expectations. With Forex Morning Trade, Mark Fric has come up with an excellent tool. With the help of all the wonderful features incorporated into this system, it is quite easy to increase your success rate when trading.
When it comes to achieving superior returns, it helps to have a system that can automate all of the calculations and analysis for you so that you can take the final action by just looking at the results.
If the system is based on channels, trend lines or anything similar, the system gives you a lot of false moves. But with Forex Morning Trade, I was honestly impressed. It has a totally different approach. Where most systems are based on the 7.00AM – 9.00AM time period, this one is slightly different and it also used two indicators which I never thought of using.
Unlike many trading systems with large stop loss and small profit targets, the system comes in with 1:1 reward ratio. From the testing that I have carried out, it proved to have a strike rate of over 75%. So it is definitely a winning system. You can also trade just once per day which makes the risk only 40 pips per day and you don't have the fear that it might drain your account.
I've been running this on a live mini account opened on 3/3/2011 with $500 at Forex.com using 0.1 lots. It has been traded using the EA every night, and as of today 5/5/2011 the account is at $930 for a net profit of $430. Total trades 32, 22 profit and 10 loss. I don't know about an "easy 80 pip per week" but it has been consistent at around 48 per week for me averaged over 2 months. This appears to be a very reliable system, and it can't be beat for simplicity.
Overall, Forex morning trade system is one of the best Forex trading system available, and when used properly, the most profitable. I highly recommend it, even though a price of $97 may sound a bit much for some trading indicators if you only want to trade it manually, the results speaks for themselves. Plus you get the added bonus of being able to auto trade the system using the expert advisor/automatic Forex trading software. Observe it in action to see for yourself how it can easily outsmart the experts.
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