In the last post, I wrote I made $1,806.57 in less than 15 days. Well, here’s the update to the results of trading with the 10 Min Forex Wealth Builder System…

The account I’m trading this in is now +3,322.65 in CLOSED PROFITS. There are still two trades open in the EURJPY and EURUSD, but in both of them the stops have now been shifted to Break-Even.

Here’s the EURJPY Trade:

And here’s the EURUSD Trade:

Here’s the link to the MT4 trading statement:

+$3,322.65 in 30 days trading statement

Trading With the 10 Min Forex Wealth Builder

Trading with the 10 Min Forex Wealth Builder has been exactly what it said it would be. It really takes me less than 10 minutes a day to identify a possible trade, enter the orders, and wait for the market to trigger a trade.

It does definitely require emotional discipline and patience though. When I first started out, I was quite caught up in the emotional excitement of the “potential” of turning $1k into $100k in a year, and then $100k to $1m by the end of the second year… Now I’m smarter… everyone knows it’s not possible to turn $1k into $1min two years… it takes at least three!

Trades don’t come up every day. Although over the past 30 days, I’ve been in the market almost every single day managing already open trades.

Initially, it’ll take you a day or two to steadily identify all the existing support and resistance levels on the pairs that you’ve chosen to trade. And once you’re done, you’ll be trading the same support and resistance levels over and over again.

I set aside about an hour to draw all the major support and resistance levels on the pairs I would be trading, and then over the days that I identified trades in certain pairs, I would recheck if the trade signals formed at significant S/R levels. If they didn’t, I just ignored them.

So far, trading the 10 Min Forex Wealth Builder, there have only been 2 trades that were stopped out for a loss. The rest have gone on to either hit their profit targets, or be stopped out for small profits.

The 10 Min Forex Wealth Builder is not a “High Risk High Reward” type of trading system. It’s something that requires you to be patient for the signal to set up (then again, which trading system doesn’t, eh?). But it follows the simplest rules required for trading success… when you identify a potentially good trade, the Reward must at least be 2x the Risk on the trade. Or in some cases, better.

You could increase the leverage on a Forex Wealth Builder trade for potentially higher gains, but I’m happy enough as it is to do 30% over the past month, trading only 10 - 15 minutes a day or so.

When Does Taking High Risk Make Sense?

If you have $100k in trading capital, risking $1k on a highly speculative and potentially very rewarding trading system is probably okay. You can treat it like buying a “lottery” ticket, which it most probably is. If it works out, great! You’ve added a chunk of change to your trading capital.

On the other hand, if it blows up… hey… it’s only 1% of your entire trading capital. If there was a better than 50:50 chance of making $1m, then it probably was worth it in the “monetary” risk sense. But if it throws you off balance emotionally, mentally and physically as a trader… you’ve lost more than just $1k.

You’ve lost what it takes to be a consistently profitable and stable trader. You know… the type of trader that seems to have ice running through their veins. You’ve lost that inner equilibrium and sense of perspective that all successful traders have.

All said and done, if you need a “bread and butter” forex trading system, then I highly recommend the 10 Min Forex Wealth Builder. If you ask me, I think it’s quite under-rated. Most traders are willing to pass by something that has the potential to consistently generate profits between 5% - 10% a month for something that could either make them 50% a month… (and possibly blow their account out in the process…).

• Read my review on the 10 Min Forex Wealth Builder
• To Own the 10 Min Forex Wealth Builder