Tuesday 11 October 2011

Forex Morning Trade - What Kind Of Profits Can You Expect?

Back in 2010 Mark Fric released the Forex Morning Trade system for the first time, and since then it has generally been very well received. Indeed if you look at Mark's trading journal, he has made some excellent profits trading this particular system.

So what kind of profits can you expect?

Well I should start by saying that this is not a system that will make you insanely rich in a short space of time. However there are very few systems that can do this.

As you can see by reading this Forex Morning Trade review, this system trades breakouts on the GBP/USD pair shortly before the European markets open each day. So therefore it will only trade a maximum of 5 trades per week if the trading criteria are satisfied.

Profits are in the region of 35-40 points, with similar stop loss levels. Therefore the maximum profit you can make is around 200 points per week. However there are often one or two losing trades per week and the occasional no trade days, so a 40 or 80 point profit per week is generally the norm on a good week.

So as I say, you cannot expect to make a lot of money trading the Forex Morning Trade system. However if you are looking for a solid and consistent system that will generate profits slowly and steadily, then you may want to consider purchasing this trading system.

The system itself is easy to use as it only uses a few key indicators, and there is a forum you can visit should you encounter any problems. There is also an expert advisor you can use if you want to place the trades automatically. So it is easy to see why this system has received a lot of positive comments on the various forums and review sites.