Hi all
I have been trialing this system for just under 10 months which I think is the longest trial done by any review site,the reason for this was to get a good feel over this time period for the good and bad of the system.
Since my last update we have had 4 closing trades 3 winners and 1 loser.
Once a week trades are uploaded to the site on Sunday night if there are any for that week.
Once you have these you need to wait until the markets open on Monday morning log into your spread betting account to find the current price/prices and once you have these go back into LS Trader account to find the amount you should stake for each trade this should take no longer then 15 mins each week.
After a few weeks if the trade has moved in your favour there will be stop losses to adjust which are given via a spreadsheet on the site.
For any newbies there is a lot of info on the site to help you find the relevent market,how to open an account with a spread betting firm etc
Over the trial period there was 34 trades 2 of which are still open.
We started with a bank of £3000 of which there has been 18 losses and 16 winners including the 2 open trades
which is well above the average strike rate of around 40%.
We ended in profit to the tune of £1210.21 for a % profit of just over 40%.
However back in both August & September the bank was showing a hefty loss of over 50% of the bank which some would throw in the towel and call it a day taking the losses.
The price does not come cheap at £147 every 30 days this is the only payment option that you can sign up for, why they dont offer 3, 6 or 12 month options I dont know.
I am not sure if they are still offering a 7 day free trial also there is a 30 day money back and if you are not happy with it, you can request a full refund – no questions asked!
This type of betting is for serious discipled people only and as always remember only to bet with money you can afford to lose.
A growth of 40% on any starting bank is reasonable especially considering the hefty loss suffered mid trial , if not for this a more substantial profit would have been shown. Having said that, the LS Trader is a long term strategy and because of that I award a cautious thumbs up.
[...] Michael completed a 40 week review of LS Trader and while giving it a positive review there were some concerns too, read what Michael thought here [...]