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London Forex Open Review

Type:	Manual Forex Trading System
Price:	£139.00
Website:	www.londonforexopen.com
Support:	Email - 12 hour response
Guarantee:	N/A (see website)
Pairs Traded:	GBP/USD
TimeFrame:	30 mins
Rating:

London Forex Open Overview

London Forex Open is a 100% mechanical manual Forex Trading System based. The trading system is based upon on the well known and respected Asian market range principle, combined with the opening of the London Forex Market.

The London Forex Open trading system looks to exploit the trend of GBP currency pairs set prior to the Asian session when the London market reopens. Sterling (GBP) trading tends to tail off during the Asian market session with much of the price action being range bound. When the London market reopens the following morning it often resumes the predominant trend set prior to this session. It is the resumption of this prior trend that London Forex Open seeks to exploit.

The system includes both a Basic and an Advanced Strategy, which focus on false breakout moves.

Custom indicators are supplied for the MetaTrader 4 platform.

Key Points of London Forex Open

Manual Forex trading system
Trades GBP/USD at set 08:00 UK Local Time (other GBP pairs can be traded)
Trade entry, take profit levels and stop loss levels provided
10 minutes to check and execute trade
Full results published weekly on website
Full email support 12 hour response time

Summary

The manual Forex trading system trades a sound market principle and it does this in a clear and concise way.

The instruction manual provided is both simple to understand and comprehensive, covering how to setup the strategy, the indicators etc. . Similarly, trade entries, stops and limits are clearly identified by the trading indicators so there is no confusion with identifying trade signals.

The precise entry time to look for trades sits nicely within the trading day, which means that this strategy can easily fit into a limited time window and be trade along side other Forex trading systems.

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Forex trading is highly speculative and places risks on your capital that you should be aware of prior to trading on the markets. A high degree of leverage is obtainable in the Forex markets which can result in relatively small market movements having a proportionately much larger impact on your deposit. You should be aware that when Currency Trading it is possible to sustain a total loss of your deposited funds.

As with any investment, speculation in the Forex markets should only be conducted with capital you can afford to lose .If you are unsure as to whether this form of trading meets your investment objectives then please refrain from trading and seek financial advice.

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