FX-Friday-review

There has been quite a stir going around at present about the launch of the new FX Friday Forex trading system. So what’s it all about?

FX Friday by Lee Moore is a new Forex trading system that gives you the opportunity to take an easy quick payout from the Forex market each week for just a few minutes 'work.'

As is suggested by the name the only time you are required to trade is on a Friday evening when you take a quick look at the Forex markets. The central theme behind the system is that Lee’s Trade Analyser which is supplied with the can be used for 10 minutes every Friday evening to generate you a tax free payout from the Forex markets.

How does the FX Friday System Work?

The Forex markets can be hard to get started in. The central theme behind this system is that it is easy enough for anyone to trade no matter what their previous trading experience.

FX Friday trades a range of Forex pairs by using Fixed Odds. Fixed Odds offer a slightly different way of trading compared to normal Forex trading. With fixed odds you stake a fixed amount on the outcome of the trade in order to win a fixed payout. This form of trading backs up the simple approach that this system has taken with fixed odds trades being both easy to place and simple to understand

The system trades on a Friday evening anytime after 6pm. It is based on weekly charts and uses the high and low of the previous weekly candle to identify trading opportunities. It then compares this to the amount the market has moved in relation to its average weekly range before determining if a trading opportunity exists.

A fixed odds ‘No Touch’ bet (predicting the market will not touch the given level) is then placed with BetOnMarkets to run for 7 days. At the end of the bet time frame you claim your payout.

How to Use FX Friday

The whole process of identifying and placing your trades takes around 10 minutes and can be carried out any time on a Friday evening from around 18:00 GMT until the close.

FX Friday is built around a Trade Analyser which is used to input weekly data from a set of Forex charts. A suggested free set of charts is offered for those who do not currently have a preferred charting package. You need to spend a minute or so adding a couple of charts and you are then ready to simply copy across the required data from the chart into the Trade Analyser. This takes only a minute or so to complete. The Trade Analyser then calculates if a potential trading opportunity exists.

You then have the option to validate these trades against upcoming news for the coming week if you wish to de risk the strategy further. Specific news items to watch out for are detailed in the manual.

For any trades that make it through this validation the final step is simply to check the odds available. It is suggested that only trades offering a 30% return or greater are placed. This level is explained as offering the best risk reward ratio for taking a trading position.

If insufficient odds are available then you can check the figures again on Monday morning before 10:00.

This system seems to provide both a sound logic and technical trading principle. A lot of thought seems to have gone into the creation of the system and this shows in the results. The money management rules supplied also seem to reflect this level of thought and are integral to keeping this system long term profitable.

What is particularly good is that it is not one of the many 'get rich' quick schemes that are usually offered but rather more of a full on investment strategy. The system is one that is still likely to hold up in many years to come.

Add this to the 10 minutes it takes to review the numbers and place the trade and what you end up with is a decent system. FX Friday not only provides above average returns but has a time investment of next to nothing.

FX Friday is backed up by a full 60 day guarantee

Actual Beta Tester Comments:

“The plan is easy to follow and, so far, has a high success rate. Actually it’s been 100% so far.” – Ian M., Beta Tester

“So far I’ve not had a losing week out of 9 weeks. Superb.” – J. Walsh, Beta Tester

“So far this system has been wonderfully good. I attach my spreadsheet showing that out of only 7 trades all have been successful…” – S. Fry, Beta Tester

Click here to try out FX Friday now