Forex Morning Trade – Insider Scoop & Review

Forex Morning Trade is a Forex trading system developed by Mark Fric, a professional Forex trader who trades this system himself.

It was launched on 31st August 2010 and was very well accepted by the Forex market, particularly newbie traders and also those looking at automating their Forex trades.

Mark’s idea behind Forex Morning Trade was to build a trading system that needs minimal trader involvement but yet is consistently profitable. His system requires at most 10 minutes of your time each trading day.

Being a 100% mechanical system with clear and precise rules, there is no guess work or discretion involved. Which gives us the additional benefit of trade automation — more on that later…

How Does It Work?

Mark Fric designed Forex Morning Trade to work exclusively with the GBP/USD currency pair. After poring over Forex charts spanning many years to understand how GBP/USD prices move, he discovered high probability factors that lead to successful trades.

Extensive testing has been done to validate the system, as shown in the results below. As seen from the equity curve, cumulative profits grew to almost $30k in a two-year trading period.

You see, when the London session for Forex trading opens at 8am local time, a lot of money gets traded in the next 2 hours as major players start their new trading day. This flurry of trading activity can bring forth huge price moves, and GBP/USD is often one of those currency pairs that is heavily traded.

Thus, Forex Morning Trade takes advantage of such price moves in GBP/USD to realize the desired profit targets. Trades are always positioned in the Forex market before London market opens, such that they can “ride the tide” so to speak.

The Way to Trade

As the product name suggests, Forex Morning Trade makes trades in the morning — to be exact, this “morning” refers to London time. Whenever the system signals a possible trade, this trade is always entered into the market at 6:30am London or thereabouts.

Here’s a quick run through of a typical trading day:

• Open your Forex trading platform before 6:30am London and bring up the GBP/USD 15-min chart. Based on Forex Morning Trade criteria, check to see if a valid trade signal is being flagged on the 6:15 bar.
• If a valid signal is given, enter the trade at 6:30am, or as soon as practical. Set the stop loss and profit target according to system rules.
• Close your trading platform. Let the trade run its course

The steps above can be performed in under 10 minutes. Therefore, this trading system frees up your time to do other things that matter to you, while providing you with opportunities to make money from the Forex market.

More importantly, this trading approach removes you from being glued to your trading screen and spares you the associated emotional stress (from greed and fear) that are primary causes for bad trading.

Automated Forex Trading

6:30am London time can be an inconvenient time for many traders; for example, it’s the wee hours in the Eastern part of USA! However, due to the fact that Forex Morning Trade has precise rules for trade setup, trade entry and exits, it lends itself readily to automated trading.

A so-called trading robot, or Expert Advisor (EA) as it is called in the MetaTrader platform, can be programmed to automatically send orders to your broker whenever a trade signal arises. In Forex Morning Trade, Mark Fric has included such a pre-programmed EA for MetaTrader, ready to use right out of the box.

Depending on your availability during London morning hours, you can choose to trade manually or utilize the trading robot for automatic trading.

What’s in the Package?

When you purchase Forex Morning Trade, you can expect to receive the following items:

I trust this review introduction gives you a clear idea of what Forex Morning Trade is all about. Later on, we’ll look at test driving this Forex trading system to get a real feel of how things work.

In the meantime, learn more and trade well!