Most automatic Forex trading systems out there are designed as scalping systems, which is great if you like taking small profit after small profit from the market, only to lose a huge chunk of it when a losing trade comes along. If you prefer Forex breakout systems and you are searching for one that works, then Forex Morning Trade could have the solution to all your Forex breakout trading needs.
Forex Morning Trade is one of the rare few Forex breakout systems out there on the market at the moment, and is a breath of fresh air because it's such a simple Forex trading system to use. It has only just been released to the general public since mid 2010, and since then it's been a well kept secret among a select group of in the know traders. By the end of this Forex Morning Trade review, you'll know why these Forex insiders are desperate to keep this unique Forex Breakout System a secret from you.
Forex breakout trading is notoriously difficult, because while consolidation periods are frequent occurrences in any currency pair, they are not always followed by a significant breakout one way or the other. Some Forex breakout systems only have a win rate of 10-20 percent, with the losing trades being a result of whipsaws and false breakouts that are no stranger to any experienced breakout trader.
The Forex systems community have been crying out for a simple Forex trading system that could break the mold for a long time, and Forex Morning Trade has duly delivered the breath of fresh air that us traders who are sick of yet another Forex scalping system being released into the market. I've personally traded Forex Morning Trade, and the results have totally blown me away.
Here's what I can tell you about Forex Morning Trade without revealing too much proprietary information. Forex Morning Trade only trades once a day just before the London open, which is a well known high volume, high volatility period. It operates with very accurate trading criteria, and is based on years of testing and fine tuning of entries, trading times, stop loss width, profit target points, and a very effective Forex breakout indicator.
In terms of trading performance and results, this Forex breakout system boasts a 1: 1 risk to reward ratio with a win rate of 60-75 percent, which is the reason for its consistent and reliable results. Over the last 6 months alone, Forex Morning Trade has averaged a steady return of 250-350 pips a month on average, with just one losing month of -90 pips out of the six. This is not just reflected in my own Forex Morning Trade performance, but in many others' all around the world as well.
So why are the insiders who have been enjoying the exclusive use of Forex Morning Trade so desperate to keep this powerful Forex breakout system out of the public realm? Well, as you know, Forex breakout trading is so effective simply because there is not enough volume to absorb the demand coming into the market when the London traders put their orders in, which causes these huge moves that lead to huge profits on our part . Obviously, the more traders who take advantage of this fact profitably, the more the trading edge of Forex Morning Trade is diminished. If the number of traders trading this system hits a critical mass, then eventually the system will become less and less effective until the one day when it inevitably stops working.
Right now, 6 months into the live launch of Forex Morning Trade, this Forex breakout system is still a little known secret of the Forex breakout trading community. All that may soon change however, so before this opportunity passes you by, you owe it to yourself to have a serious look at it and at least give it a good go before it's too late. If you're looking for a Forex breakout system that can actually live up to its promises for once, Forex Morning Trade has my highest recommendation.