London Forex Rush Review

Overview

London Forex Rush is a foreign exchange trading system available for purchase online. The software operates as a manual signal generator to indicate both suitable levels and timing at which to initiate and close out trades. Also, the system’s custom indicators were designed for the popular Metatrader 4 forex trading platform and can also perform trades automatically as a forex trading robot.

The website for London Forex Rush claims that the trading system is the answer for anyone looking to trade forex intra-day and is the product of a professional forex trader by the name of Al Russell. Nevertheless, a worrying indication that no professional forex trader may be closely-involved with this product appears right on the product vendor’s website which refers repeatedly to a currency called the “Sterling Pound.”

While some rather generous people might consider that a forgivable mistake, the fact remains that forex market insiders may refer to the U.K.’s currency as the Pound Sterling, Sterling, Pound or even by the plural slang term Quid, but they would generally not call it the Sterling Pound. As if that were not problematic enough, the vendor site even incorrectly refers to Cable or the GBP/USD currency pair as “the Pound-American” in its embedded video, and then in its text as one of the “Sterling Pound” cross rates.

This sort of ignorance about such basic forex market terminology conventions should seriously worry just about anyone truly familiar with the London forex market, and it would also probably turn them off the product immediately as a potential fraud. Nevertheless, to its credit, the vendor’s website does refrain somewhat from over-hyping its product’s returns and from deliberately underestimating the risk involved in trading forex, unlike far too many other forex products now being touted online.

In terms of its online ratings, London Forex Rush received just over a three-star rating from among 14 reviews posted at the forexpeacearmy scam-busting site. It therefore seems to have a mixed performance among users in practice, although some reviewers do claim to have had decent success trading on its signals.

Other traders, especially those based in North America, comment about the inconvenience of having to get up at the London open to trade, even if only for the two hours that the system’s website claims you will need to be successful. Furthermore, some complaints on Internet discussion forums about the vendor failing to give refunds or not replying to queries after purchase may indicate that customer support could be somewhat lacking with this product after the point of sale.

When an Internet search was performed about the product, it turned up a mixed bag of reviews and discussion forum postings, and just about all of the positive review articles show signs of being written by self-interested affiliate marketers. Since a polite e-mail request for a review copy containing press credentials received no response whatsoever after virtually a week, the following is the gist of what we have been able to discover about London Forex Rush from Internet resources, including the vendor’s website.

Facts About London Forex Rush

Product Type: Forex trading system - both manual and automated options.
Vendor Site: www.londonforexrush.com
Cost: $97
Guarantee: 8-week no-risk 100% money-back guarantee.
Payments and Refunds: Made via Clickbank.

What You Get With the London Forex Rush trading system:

• Educational material containing:
• • The time frame the system is best used with.
  • Identifying price chart pattern opportunities
  • Trade entry and timing.
  • Profiting from big market movements.
  • How to trade trends and avoid non-trending situations
  • Comparing conservative and aggressive stop losses and take profits
  • Money Management
  • Trading the odds by considering your risk/reward ratio.

• Two custom MetaTrader 4 indicators:
• • The London Forex Rush indicator
  • The Market Trend indicator

London Forex Rush Trading System Characteristics:

• Trades based on the London open and the next two hours of price action.
• Focuses exclusively on intra-day exchange-rate movements.
• Primarily used on Sterling and the most liquid Sterling Crosses.
• Custom indicators run on MetaTrader 4 platform.

Pros and Cons of the LMT Forex Formula trading system:

Pros:

• Includes an informative PDF manual describing the trading methodology in detail, along with some helpful money management tips.
• Downloadable software installs in just a few minutes.
• Limits the amount of time you spend trading to just two hours per day.
• MetaTrader 4 compatible software.
• Gives clear and objective trading signals to buy or sell and when.
• Manual system allows you to decide whether or not to take trades.
• Includes discretionary manual system or fully-automated trading robot options.
• Computes stop-loss and take-profit levels.
• Incorporates both aggressive and conservative trading options.

Cons:

• North American users dislike having to get up to trade the London open.
• System’s profitability is limited by intra-day movements.
• Only pertains to Sterling/Dollar and the more liquid Sterling crosses.
• The discretionary trading option means results can vary between users.
• Customer support might be lacking after purchase.

Conclusion

First of all, we have some concerns about the vendor website for London Forex Rush system claiming that the system was developed by a professional forex trader when it fails to use standard forex market terminology. Also, as an intra-day trading system, it will probably be unable to take advantage of the larger long-term trends often seen in the forex market.

Nevertheless, the London Forex Rush trading system seems to be based on a futures and stock trading system that has been rather popular with day-traders over the years. As a result, the system may well operate profitably, especially if you can take advantage of tight forex market spreads in the more liquid of Sterling’s currency pairs. The trading system might also make sense if you are looking for a day-trading strategy to avoid taking on the added risk of holding positions overnight.

In addition, London Forex Rush offers an automated trading option for those seeking a forex trading robot, and priced at $97, the trading system may seem a reasonable purchase for a newer forex trader looking to establish a forex trade plan. Also, the product’s custom indicators seem to be well-explained, and they run manually or automatically on the popular and free MetaTrader 4 trading platform, so that can be a major plus for traders already familiar with that software.

Furthermore, using London Forex Rush manually can give traders discretion as to whether or not to trade on its signals. The system also encourages traders following it to practice good trading habits by entering protective stop losses for risk management purposes, and it allows for both conservative as well as more aggressive market postures.

Overall, London Forex Rush may suit those new or experienced forex traders who want to trade during a limited intra-day period just after the London open or who are looking for a forex robot to do that for them. Still, back-testing and demo-trading this system would be wise immediately after purchase to verify that its performance would be suitable for your risk tolerance and trading goals.

Visit the official London Forex Rush website for more info.