LS Trader announce their new forex trading system
LS Trader announced today that their highly anticipated forex trading system will be made available to subscribers soon. The new forex system will be in addition to the current trend following system that covers 43 markets, which includes forex
Online, February 27, 2010 (Newswire.com) - LS Trader announced today that their highly anticipated forex trading system will be made available to subscribers soon. The new forex system will be in addition to the current trend following system that covers 43 markets, which includes forex and commodity futures.
"Forex trading has become the hottest business opportunity and it seems that virtually everyone is looking to get in on the action. The forex markets are easy to trade, are highly liquid, have relatively low transaction costs and trend very well. There is approximately $3 trillion dollars traded each day worldwide on the forex markets alone, so this is a huge market sector to trade in" said Phil Seaton, developer of the new LS Trader forex trading system. "Our new forex trading system works on the same principles as does our main trend following system, but the forex system will concentrate solely on the forex markets and has been optimized for forex. We are looking to make it available to current LS Trader subscribers first before we launch it to the general public".
Subscribers to the LS Trader system have been requesting a forex only system to complement the current system that trades 43 markets. The new LS Trader forex trading system will cover only 8 markets, will be a trend following system and will take less than one hour per week to follow.
Phil Seaton added that "Our new forex trading system is not a day trading system and is a trend following system that only places a couple of trades per week on average. Most users or peddlers of forex systems are very short term and high frequency in their trading. They seem to be oblivious of the large amount of commissions that they generate by diving in and out of the markets every few minutes. These day traders probably need to return 100% plus per year just to cover their transaction costs. This is not and never will be the right way to trade"
The new LS Trader forex trading system will be specifically aimed at the financial spread betting market. This means that traders will be able to spread bet the world's major currency pairs for as little as 10p per point and because the vehicle for trading is spread betting, all the profits generated are free of tax as under current UK law spread betting is tax free.
For more information about LS Trader and their forex trading system please visit: http://www.lstrader.co.uk/