In this post I will be reviewing the Forex Pips Master Premier manual forex trading system. This is yet another trading system for the ever popular and widely used MetaTrader 4 (MT4) platform that is used by millions of traders all over the globe. MT4 is free to download from most online forex brokers.
In order to use this forex system, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
I would usually trade manual and automated forex systems on an ECN forex broker as I find that they tend to have some of the lowest spreads and commissions along with superior trade position execution speeds. This helps me to save on trading costs in the long run and gets my trades executed as close as possible to the prices that I want, with minimal slippage.
Forex Pips Master Premier Trading System
As mentioned above, Forex Pips Master Premier is a manual forex strategy that can be used on any time frame or currency pair. Major currency pairs such as the EURUSD and GBPUSD tend to have some of the most liquidity and thus can enable manual traders to catch some good moves.
I find that higher time frames such as the 1-hour charts and above can help filter some of the noise that lower chart time frames can give. Trading higher time frame charts also means that you do not need to constantly watch the charts for potential trading opportunities.
The Forex Pips Master Premier is a combination of colour coded technical indicators that can give you clear entry signals along with stop loss and take profit targets.
You can take the signals as they are or add your own personal additional analysis to further filter the trades. For example, you may wish to check the fundamentals and market sentiment before proceeding with placing any trades.
This makes the Forex Pips Master Premier system very flexible and thus suitable for all trading styles from scalping and day trading to swing trading.
Forex Pips Master Premier Summary
Overall, I feel the Forex Pips Master Premier manual trading system is very user friendly and can certainly give trading signals but the user will need to have their money management and trading discipline in check. I wouldn’t take every single signal the system generates but this is what makes it so flexible.
You can use it on any currency pair and time frame thus giving plenty of trading opportunities which can be customised to suit your individual trading needs.
The Forex Pips Master Premier system includes setup instructions, trade examples and full support. There is no money back guarantee offered by the developer.