The London Forex Open Strategy Hits Forty Per Cent Gains For The Year

The morning breakout trading strategy, London Forex Open publishes its latest results, showing a forty per cent gain for the system to date in 2013.
By: LondonForexOpen.com
 
 
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Tags:
Foreign Exchange
Forex
Trading
Investing
Software

Industrys:
Finance
Investment

Location:
England

Subject:
Earnings

May 15, 2013 - PRLog -- The early morning currency trading strategy LondonForexOpen.com has today published it's updated trading figures on its website. Performance to date for the GBP/USD currency pair which remains the principal focus of the strategy shows a forty per cent gain.

"In what have been difficult markets I am impressed that the strategy has held up so well", comments Phil Moore, co founder of the trading strategy.  He continues, "We remain upbeat that over the remainder of the year, the markets will remain favorable for the specific breakout strategy which is employed by this trading system."

The full London Forex strategy results (http://www.londonforexopen.com/results.html) can be accessed on the company website where potential traders can track the live system performance on a month by month basis. The Conservative, Aggressive and False Breakout variations of the strategy each follow different risk versus reward models , allowing traders to align with their own risk models. Full results are provided for each strategy since the system was first released in 2009.

The trading approach used by the London Forex Open system focuses on early morning activities on the currency market. It aims to exploit early morning moves when financial markets first open. At this time of day the level of volatility tends to be high. The strategy looks for a resumption of any prior trend the previous day to pick and resume following the quieter dealing on the GBP?USD currency pair over the quieter Asian market trading session.

The strategy, which has been developed by a group of full time Forex traders aims to capitalize on the typically lower trading volumes seen in the GBP/USD during the course of the Asian trading session.  The system seeks to identify trends established in the market prior to this session, and looks to profit from their resumption, following consolidation over the Asian session, when the London market opens.

The manual analysis software was developed to provide an accurate and easy way to capture strong market moves in the minimum amount of time. Trading takes place at a set time of 08:00 UK Local time where orders can be placed on a 'set and forget' basis in just minutes.  Any Forex currency pair can be traded in this way although focus is firmly on Eurocentric currency pairs.

To coincide with the publication of its latest results, LondonForexOpen.com has also expanded its range of Forex trading articles (http://www.londonforexopen.com/category/blog/) which cover all aspects of currency trading. These are pitched at traders of all levels and aim to provide them with a set of informative information that can be used to help expand and develop their knowledge of the currency markets.

About LondonForexOpen.com

London Forex Open is a morning foreign exchange strategy that combines  the opening of the London markets with the quieter Asian range. It aims to capture fast early morning moves in the market in just  ten minutes per day. It was developed by a team of experienced Forex traders and has been traded since the company was first established in 2009.

Contact

Phil Moore - phil@londonforexopen.com

Website - http://www.londonforexopen.com
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Tags:Foreign Exchange, Forex, Trading, Investing, Software
Industry:Finance, Investment
Location:England
Subject:Earnings
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