In this post I will be reviewing the Forex Trading For Lunch System which is a manual forex trading system designed for the MT4 trading platform which you can download for free from most online forex brokers. I will say from the start that this is a very basic forex system that does not really bring anything new to the table. It just implements standard indicators with some defined rules for entry and exit. Granted, that can be good for those who are completely new to trading and looking for some ideas of how to trade. However, I think it requires a lot of initiative from the trader who will need to decide what signals to take and what money management they would like to use.
What is the Forex Trading For Lunch System?
The Forex Trading For Lunch System is for manual trading and can be used on any forex currency pair and chart time frame that you prefer.
The developer of this particular system states that it is for the higher time frames as it requires minimal time each day and they also go by the principle that the higher chart time frames can filter out some of the noise that can occur in shorter time frames. I tend to agree with this as I personally find picking out trends on longer term charts easier especially considering how choppy short-term charts can be.
Whilst the Forex Trading For Lunch System can be used on any trading instrument, I would choose something such as a major currency pair like the EURUSD as there can be big trending moves to catch which could benefit a mid-long term trading strategy such as this one.
The developer of the Forex Trading For Lunch System states that it looks to find trades and does not use any fancy Fibonacci levels, pivot points, etc. Looking at it, I believe it is just a combination of indicators that are already built into the MT4 trading platform and thus, anyone could setup a very similar template free of charge from within the platform.
How to use the Forex Trading For Lunch System?
The Forex Trading For Lunch System has been developed to run in the MT4 platform. It comes as a trading template along with built-in indicators that you can apply to your chosen chart symbols and timeframes. In order to use this forex system, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs. I would always go for an ECN forex broker as I tend to find that they have some of the lowest commissions and tightest spreads which can save me on trading costs over the long term. I also feel like they have more liquidity which ensures I get positions executed as close as possible to the prices that I want.
Forex Trading For Lunch System Summary
Overall, the Forex Trading For Lunch System is very easy to use but could probably be setup completely free of charge by adding some technical indicators to your MT4 charts.
It is flexible as you can adapt it to any currency pair or chart time frame but it is lacking in assisting the user with stop loss and take profit levels. You can use it as a standalone trading system or as an additional filter for your own existing trading strategy.
As with all manual forex trading system, it will require sound money management principles and sound trading psychology.
I think this is a very basic forex strategy with nothing that has not already been seen before. Yes, it does present everything in a nice easy to follow template, but this is something that you could put together yourself using the MT4 indicators.
If you are interested in downloading the Forex Trading For Lunch, you could always start on a demo trading account to begin with. This could be a great way to familiarise yourself with how to trade with the Forex Trading For Lunch system and get the most out of it. You can get a free demo trading account from most forex brokers. Once you have built some confidence and have some success, you may then consider switching over to a real live account.
If you find that it is working well, you could always implement it within your own trading strategy to help you achieve your individual trading goals or even use it as a standalone forex system. There are many ways in which the Forex Trading For Lunch can be used, so it is important to try and see if it can work for you before making any commitment.
The Forex Trading For Lunch System comes with instructions and support but no money back guarantee. If you want to learn more and get the Forex Trading For Lunch download you can visit the website by using the link below.
Forex Trading For Lunch System
$27
Pros
- Manual Trading System
- Easy To Use
- Technical Indicators
- Any Chart Time Frame
- Any FX Currency Pair
- Detailed Instructions
- Full Support
Cons
- MetaTrader 4 Only
- Not Very Innovative
- Quite Basic Forex Strategy
- Requires Some User Initiative
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
