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.
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
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.
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.
The Forex Trading For Lunch System comes with instructions and support but no money back guarantee.