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London Forex Rush Trading System Review
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What It Claims To Do
London Forex Rush is an automated EA which works with 1-hour-charts for the GBP (Great British Pound) currency. As the name describes, the system has been designed for use with the London market.
The system is designed for those traders who either trade part time (it only takes 2 hours of trading every day to make substancial profits) or those who want to supplement their income. The only limitation with the system is that it operates around the opening of the London FX market, which ties your trading to a specific time frame.
The way the London Forex Rush system works is by using 'momentum explosions' in the GBP currency in order to excel. And that’s precisely why it only trades GBP-pairs right at the London market open, which is the most volatile time of the Forex market around the clock. There's a pretty interesting live trading video on the LFR homepage about this type of trading, that shows you exactly what to expect.
With what seems to be a solid system and consistent profits, it's no wonder that it has made quite a splash in the market... however, is it a case of the system being too good to be true?
What It Really Does
The London Forex Rush does exactly what it says on the tin... It gives you comprehensive tools and documentation to help you take advantage of the volatile trading conditions at the London market open.
Unlike most other trading systems which have been designed to work with as many currency pairs and trading strategies as possible, the LFR has been designed specifically to work with GBP. And from all accounts, it works very well.
Although some people fhad technical difficulties with the system and one trader even thought he had been charged too much, the general consensus around the Internet is that people actually think the system is profitable and consistent.
One trader actually said they had made +120 pips in a single trading session and another claimed to have used the system for a week with a profit of $1,233.
Customer support seems to be good, with prompt responses to all kinds of queries. It appears that Al Russell (the author) actually does most of the customer service himself, answering queries quickly and comprehensively.
What Do People Think?
There has been a pretty big interest in this system around the Internet and here are some of the comments that people have been posting:
Gives an average of two trades a week like this - it’s not a scam, just imperfect. I’ve only known one week with no trades at all. The success rate is high so the profits are there.
Actual customer comment posted on ForexPeaceArmy.com forums
I tell you what, this is a good system. The GBP trends in the direction of the London open often enough to make this system profitable. I like the Metatrader indicator, as it gives me a reference point for ther breakout, it allows me to easily see it unfolding. Works pretty good for the Euro too. $97 well spent.
Actual customer comment posted on ForexPeaceArmy.com forums
I have been using it for 2 months. I first tested for a month to do Sterling intra-day trading. When I had done well on paper and became familiar, I used it for my regular trading…
Actual customer comment posted on Yahoo Answers
London Forex Rush is best for sterling intraday trading. I tried it out 2 months ago and I was able to make $1560 in the first week just on small trades…
Actual customer comment posted on Yahoo Answers
I trade all the GBP crosses at the start of the London session. You can do the same at the start of the NY session with the USD crosses, but the London is best due to the massive volume.
Actual customer comment posted on Trade2Win.com forums
I have owned this program for just over a week so take that into consideration when you read this review.
I LOVE this method. Absolutely everything about it. The method behind the template makes sense and the seller explains the method in full so that if, for whatever reason, the software failed to work properly at some point in the future, you could still trade the strategy without the software.
The method IMHO is very conservative, and if you update your account balance every day, the money management is built in ensuring that you won’t risk more than 3% of your account on any one trade.
As I say, I’ve only owned this for a VERY short time at this point, but so far, I LOVE it.
Actual customer comment posted on ForexPeaceArmy.com forums
What's Included In The Package?
Purchasing London Forex Rush will give you the following products available to download in the members area:
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So Is LFR Actually Profitable?
To be blunt - "yes". The system is based on an age-old stock market system which is still going strong. And although you might catch a few losing trades, the way the system rides on the volatility of the London market at opening, you can only win in the end.
This system is a perfect way to add some extra cash to your bank account without getting immersed in the whole forex world. It's a ticket to light-hearted profits, if you will. All automated, all profitable.
Conclusion
You have to be a specific type of trader to use the LFR system well.... a trader who likes to get their hands dirty and who is familiar with intra-day trading (although it is all explained in the documentation).
The key points about LFR is that you need to be able to use it at the time that the London forex market opens, in England. This means if you are in New York, you will have to get up at 3:00AM to start trading...
But the rewards far outway any inconvinences in our eyes. The system is steadfast and can earn you as much as $1,200 a week from what we've seen. It's definitely worth a look into if you are interested in intra-day trading.
You can get your copy of London Forex Rush right here >>
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