An Interview With Lee Moore - Creator of FX Friday

by Glenn Fisher

It’s all gathering pace...

And if all goes to plan, on Wednesday I’ll be able to share with you details of how you could be one of the first people to get your hands on a copy of FX Friday.

But today, as I promised on Saturday, I wanted to give you a little more insight into the system by sharing some of the thoughts of its creator, Lee Moore.

Sign up to receive our FREE daily e-letter, Shortcut Bulletin, and we’ll immediately e-mail you our exclusive Shortcut Guide ‘How to Start Your Own £100,000 a year Internet Business’... absolutely FREE


We respect your privacy & will never share your email address.

We caught up over the weekend and I asked him a few questions about how and why he came up with the FX Friday System.

Here’s what he had to say...

Glenn Fisher: What made you develop your own forex trading system?

Lee Moore: Well, there are two main things I’ve never liked when using other systems...

The first is when a system is so complicated that it’s impossible to understand the mechanics or logic behind it.

OK, so most people who trade are not too worried about the mechanics of a system. Ultimately: performance is the key.

But I’ve always felt that it’s a lot better - and easier - to have a system that is simple to execute and understand rather than following a system blindly or even worse, executing it incorrectly.

GF: Certainly in my experience, after performance, simplicity is a big factor. I’ve seen a lot of good systems get overlooked because they’re just too complicated.

LM: Exactly. And the second problem I have kind of links in with that. You see, I don’t think systems should be overly time intensive.

This is usually because of overcomplicated setups requiring the trader to conduct a lot of analysis or the need for constant ‘screen watching’ to find trade entry points.

And of course, you spend all this time waiting and then you blink and you may miss it.

For me, with any trading system, it’s important that you achieve a balanced ‘return’ from your investment.

But by return I don’t just mean a financial return. Sure, that’s the main objective. But it’s also important that the return you earn is measured in terms of the time spent achieving this return.

Sign up to receive our FREE daily e-letter, Shortcut Bulletin, and we’ll immediately e-mail you our exclusive Shortcut Guide ‘How to Start Your Own £100,000 a year Internet Business’... absolutely FREE


We respect your privacy & will never share your email address.

GF: I like that way of looking at it. A while back I wrote about the four fundamental factors that you should always take into account when considering a system or service and time was a key one.

LM: Yeah, I mean, I like trading and, of course, the profits that can come with it. But I also enjoy the rest of my life.

Behind my thinking is the view that any trading approach should fit in with your lifestyle rather than actually becoming it.

Therefore when I was designing and testing Friday FX, I was aiming for it to be simple to understand, have a limited commitment on time and above all, of course, it needed to be profitable.

GF: Well, from what I’ve seen of FX Friday, I think you’ve done pretty well.

LM: I hope so. The beta-testing has definitely helped and it was great to get so much positive feedback. But it was also great to get some good advice on how to clarify and simplify the system even further.

GF: Regarding the FX Friday strategy itself: how did that come about?

LM: The original idea actually came from a strategy I had traded quite profitably many years ago on a traditional Forex brokerage account.

But it was one of those complicated systems that I mentioned before. So, I started to think about how I could simplify it.

After a fair bit of tweaking here and there, I was able to strip it right down so it just took into account the basic fundamental elements of the original system.

GF: So why did you call it FX Friday?

LM: Well, I guess that is what it is: a trading system for the forex markets that is designed to be traded on a Friday. Hence FX Friday.

Of course, in line with the philosophy of keeping things simple that doesn’t meant the system has to be traded all day on Friday. Definitely not.

Instead the system takes just a few minutes to run through on a Friday evening to identify any opportunities. After which I kick back and enjoy the weekend!

This is exactly what I mean by the time investment/profit reward ratio. It means that for just a few minutes on your Friday evening you can generate sufficient profits not only to pay for an evening out but probably enough to cover the whole weekend!

---

OK. That’s all for now. Hopefully that’s given you some background about Lee’s new FX Friday System and you’re looking forward to giving it a go.

As I say, if all goes to plan, I’ll be inviting you, as a Shortcut Reader, to get your hands on this before anyone else on Wednesday.

So, make sure you keep an eye on your inbox.

28/07/2010 - UPDATE - FX Friday is now available!