Are you Maximizing the Potential of Your Trading?
Learn How I Average 180-250 Pips Per Week Spending Only 10-20 Minutes a Day.
One more FOREX trading system has been released recently. Many people who trade FOREX and tried this system are giving reviews of it. Being a part-time Forex trader myself, I know that most so-called "Forex gurus" with their numerous Forex trading systems usually do not deliver what they promise. Nevertheless from time to time I stumble upon a system that I really can get to work for myself. For that reason I had to find out for myself if this 10 Minute Forex Wealth Builder is for real. So here is my own 10 Minute FOREX Wealth Builder review.
Overview of 10 Minute Forex Wealth Builder
First of all what I like about10 Minute Forex Wealth Builder is that Dean Saunders has developed a set of video tutorials that teach you what you need to know about trading in the Forex market and they teach the system itself. Some people learn better by watching and I am one of them. But this is only a small bonus to the system itself. But if your prefer reading to watching then there is a manual for you in PDF format.What I didn't like about the videos they are too short. I mean, look at this picture below form the home page of 10MFWB
You can get an impression that there are hours and hours of video tutorials. In fact what Dean has is short video clips 50 minutes in total. Some of them 2 minutes, very few of them 6 minutes. I wish Dean really could spend more time showing the trading set ups in his video tutorials. Nevertheless the PDF manual explains everything very clearly.Once you have access to the manual and video tutorials, first what you will learn is the essentials of the Forex market. Dean will teach you everything starting from the scratch. First two parts of video tutorial covers everything from opening an account with a Forex broker to learning the charting software. Now this may be valuable for Forex newbies but if you have any experience with Forex market you probably already know it all.The most important thing you learn is how to operate two different trading systems. There will be no information overload for you with those tutorials. Everything is easy-to-understand and straight-to-the point instructions. Dean has also included four real-life trade examples for 10 Minute Forex Wealth Building system. Two examples for each system.You'll learn how to find the right trading opportunities and set up orders by spending only about 10-15 minutes everyday. You'll be using the daily charts and following simple instructions you'll be able to spot the right breakout and swing patterns.Now let me to get into more details of what these systems are about (without disclosing copyrighted information of course).These systems are based on breakouts and trend reversals.
FOREX 101
Support and Resistance Secrets
These systems are based on support and resistance(If you are experienced trader you may skip the following few paragraphs.)
Support is a level at which a currency pair has difficulty falling through.
Resistance is a level at which a pair has difficulty exceeding.
What are the factors that create Support and Resistance in the market?There is a common misunderstanding even among experienced traders that a bullish market happens when there are more buyers than sellers. This is a wrong concept. If there is a transaction is taking place then there has to be someone to buy and someone to sell. The number of buyers is always equal to the number of sellers. Wouldn't you agree? Price movement happens because of fluctuation of emotions of traders involved in the market. The most recent price on the market is the price of the most recent transaction between two entities. For that reason a bullish trend occurs when buyers are willing to continue to pay higher price. On the other hand bearish trend occurs when sellers are not willing to sell for the lower price anymore.Based on Support and Resistance you can identify dozens of price patterns that can be used for any pair in Forex. You can find those price patterns in any time frame from 15 minutes to daily charts. It is possible to base your entire trading strategy on support and resistance. I even say more, you can make a living in Forex if you master only support and resistance.
Breakout Method
Now back to the 10 Minute Forex Wealth Builder review. As I have mentioned before one of the Dean Saunders's system is based on a breakout method. This is the situation when support and resistance levels come in play. In simple words you will learn to identify support and resistance levels correctly. Once support (or resistance) is broken you will place sell (or buy) order and enter the market.Usually with breakout method in 10 Minute Forex Wealth Builder you will be targeting 100-200 pips per trade and your trades typically will be somewhere between 2 and 4 days. Risk to reward ration typically better than 1:2. That means even if only 1/3 of your trades are winners you'll still make money.
Watch A Real Life Breakout Trade Video Now!
Swing Trading Method
Another method in 10 Minute Forex Wealth Builder is so-called Swing method. It is also based on support and resistance levels. However in this method you need to identify points where market reverses its direction. By identifying some price patterns you will see how price movement stalls at some support or resistance level and gets ready to swing into opposite direction. All you need to do is pinpoint those patterns and enter the market in a right direction. With this method you will have trades that target 20-400 pips per trade and your typical trade based on a swing method will last anywhere between 3 and 7 days.
Watch A Real Life Swing Trade Video Now!
Is 10 Minute Forex Wealth Builder Worth Trying?
At the end of my 10 Minute Forex Wealth Builder review you may be still wondering if it is right for you. This is something you have to decide for yourself. But as far as my opinion goes: try this system yourself no matter if you are new to Forex or you are an experienced trader. I am currently averaging 180-250 pips per week consistently. It may seem not a lot of pips but it's a consistent gain of my account month after month.For newbies it has step-by-step video tutorials that guide you through these strategies. These tutorials even show you how to set up your first trading account.If you are experienced trader then you know what it takes to develop and test a new system. I personally back test my new systems on five-year historic data and forward test at least for six month before I am confident to trade the real money with it. This system has been already tested for you. So all you need to do take it and incorporate it into you trading schedule.Whatever you decide, don't forget there is 8-week money back guarantee. So you risk nothing.Now don't even take my words.
See For Yourself How Live Trades Are Performing Here!