In this post I will be reviewing the Morning Pips manual forex trading system that is for trading 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.
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 signals which you can filter and confirm before trading them. It can be used on any currency pair or time frame that you wish. I would trade the higher time frames to help filter out some of the noise from the lower time frames but you can also scalp and day trade with the Morning Pips system should you wish.
For the best possible trading conditions possible I would be using an ECN forex broker. Morning Pips is based on price action analysis which means that is does not have any lagging indicators or contradicting signals, price action tells you 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 manual forex trading. There are also some additional filters included that can help filter different market conditions.
Morning Pips Summary
Overall, the Morning Pips forex system is an 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 decent strategy. You may add additional technical and/or fundamental analysis should you wish, I would ensure that I have a good risk to reward ratio so my winning trades are not wiped out by one losing trade! It comes with detailed instructions, real trade examples and a money back guarantee.