In this post I will be reviewing the Morning Pips manual forex trading system that claims you can make 100 pips before breakfast! Now this is a great idea and wherever you are in the world the time you eat breakfast will differentiate but it doesn’t matter as this manual forex trading system can be used at any time during the day or is it night where you are?! In essence, it is another forex system that will show you when to enter and exit the market based on the trading criteria that it incorporates. Ensure that you have your trading emotions in check and GOOD money management with a risk to reward ratio of at least 1:1 for the best possible results. Oh and don’t worry if you do not make 100 pips before breakfast as even a fraction of that amount of pips every day would see you compound your account to very large amounts in no time at all.
The Morning Pips strategy is very simple to use and can be used by any level of forex trader no matter how much experience you may or may not have. Once you know the idea behind picking entry and exit points it becomes a breeze and can give very accurate signals which will increase your winning trade rate. It is a low risk and high reward strategy that you can use on any currency pair or timeframe that you wish. I recommend the higher timeframes to help filter out some of the noise form the lower timeframes but you can also scalp and day trade with the Morning Pips system should you wish. Also for the best possible trading conditions make sure that you are using a true ECN forex broker. Morning Pips is based on price action analysis which is great because you do not have any lagging indicators or contradicting signals, price action tells you EXACTLY what the market is doing NOW, not what it has done in the past and may do in the future. Being able to spot price action is an essential part of being a successful manual forex trader and the Morning Pips system sets you on your way to achieving that. There are also some additional filters included that help keep you out of dangerous market conditions.
Morning Pips Summary
Overall, the Morning Pips forex system is a good option for the manual forex trader who likes to maintain control over their entries and exits. The fact that it incorporates range/trend filters combined with price action analysis makes it a strong strategy. You may add additional technical and/or fundamental analysis should you wish, just ensure that you have a good risk to reward ratio so your winning trades are not wiped out by one losing trade! It comes with detailed instructions, real trade examples and a money back guarantee.