The 10 Minute Forex Wealth Builder Review
from 10 Minute Forex Wealth Builder
The 10 Minute Forex Wealth Builder by Dean Saunders Reviewed - Product Description
The 10 Minute Forex Wealth Builder was designed by Dean Saunders to trade the currency markets in only 10-15 minutes a day. It is a trend trading system that has taken the essence of what works in the markets and simplified it down to its core.
This forex trading system is suitable for people who want to grow their wealth through forex trading, but don't have the time or inclination to dedicate the hours it requires for forex day trading. If you already have a job or business to run, then you know that a robust trading system that doesn't require a lot of time can be very valuable to maintaining your quality of life.
The 10 Minute Forex Wealth Builder is built around the following rules:
- Takes less than 10 minutes a day to implement
- Uses no lagging indicator at all
- Keeps you out of the market in unprofitable periods
- Removes stress from trading
- Makes consistent money
- Fear and Greed
- Over Trading
- Late Entries
About The 10 Minutes Forex Wealth Builder Trading System
- A 2 Part Video Tutorial on Getting Started in Forex
- The 10 Minutes Forex Wealth Builder "Breakout System"
- Comes with 4 Part Video Tutorial on Trend Determination, 10MFWB Breakout Entry Formation, Stops and Take Profits, and Live Trade Examples
- The 10 Minute Forex Wealth Builder "Swing System"
- Also comes with 4 Part Video Tutorial on 10MFWB Swing Entry Formation, Support and Resistance Secrets, Entries and Stop Placements, and Live Trade Examples
The great thing about the 10 Minute Forex Wealth Builder is that it is very easy to understand, and more importantly, very easy to implement. There is a wealth of training materials with your purchase that makes it easy to start trading it for profits with very little work. And for those who find watching a video easier to understand, Dean clears up any doubt about the 10MFWB entry formations for both the breakout and swing trading systems.Accessible Immediately After Your Purchase
The 10 Minute Forex Wealth Builder is immediately downloadable right after your purchase in pdf format. As you go through the manual, you can access the training videos that are relevant to each section. This forex trading system breaks away from the majority of people who go after the forex day trading systems while still giving a lot of opportunity for profit potential.
This system is great for people who want a lot less of the stress that comes with having to sit in front of their computer for hours every day waiting for a trade. With the 10 Minute Forex Wealth Builder, you are getting the trading system that gives you the time to enjoy your life and other activities while growing your trading account at the same time.
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Product Research on The 10 Minutes Forex Wealth Builder Review
For the price of this forex trading system, it is about as good as it gets. You get everything you need without having to pay for Virtual Private Servers (VPS) for forex trading robots or membership subscriptions for forex trading signals.
I was initially quite skeptical about this system taking only 10 minutes a day to trade, but after going through the manual and trading rules, it does what it says. The rules are simple and effective. Plus you only take a trade that is aligned with the trend. This alone increases the probability of having a successful trade as well as having the chance of hitting a big winning trade that goes into the 100s of pips.
There is no mistaking when a trade set-up occurs because the explanation of the entry formations are very clear. Here is a trade that I took with the 10 Minute Forex Wealth Builder that gave me 100 pips in less than 10 minutes a day.
While Dean Saunders has made the system as simple and clear as possible, there is some discretion required in trade selection. Because this system is so simple, you can monitor 10 - 20 currencies at the same time for a trade. What happens is that because some forex currencies are correlated, you can get 2 or more trades setting up at the same time. When this happens, you have to make an educated guess on which trade to take.
Simple Trend Identification System
Dean also covers support and resistance identification in very simple ways so you can increase the probability of selecting a profitable trade right off the bat. He also does give guidelines on when NOT to take trades, which helps you to stay out of the market when the conditions are not right for trading.
If you find trend identification very complicated or confusing, Dean has simplified the process with a common-sense way of using 1 very common indicator. You'll get the trend right more often than not when you use this method of identifying the trend.
The 10 Minute Forex Wealth Builder's Simple Money Management Guideline
In the 10 Minute Forex Wealth Builder, you have a very simple money management guide that when followed increases the probability that you will be very profitable.
You are recommended to take only ONE trade at any time. In other words, until your existing trade has closed out or the stop loss moved to break-even, you do not open another trade. There are a couple of reasons why this logic is sound:
- Correlation Between Currencies.Some forex currencies are correlated to each other. By opening trades on 2 currencies at the same time, you are risking 2x the amount you normally would. If the trade moves in your favor, you have 2 profitable trades. But if they don't, you are likely to get 2 losses at the same time.
- Reduce Over-Trading. Trading only 1 currency at a time prevents any trader from the tendency to over-trade. Because you are trading in line with the trend, you still have the probability of making a 100+ or more pips per trade without having to take many trades for smaller profits.
- Smoother Equity Curve. Following this method of money management, it helps to keep your equity curve smoother and your drawdowns lower. There are times when trend trading just does not work, and only having one trade open will keep you from multiple losses at the same time. Markets do eventually return to trend, and you would have kept your trading account out of horrible drawdowns.
General Online Feedback on Dean Saunders
The general online feedback on Dean Saunders and his trading systems are very positive, with very few complaints if any. The systems in the 10 Minute Forex Wealth Builder were designed to trade the daily charts, but can be brought down to the 4 hour time frames. Dean Saunders doesn't recommend anything lower than the 4 Hour time frames, although you can still trade it if you want.
Dean also sends a lot of free materials in his newsletter, with free ebooks on other trading systems and useful tips.
My Personal Opinion on the 10 Minute Forex Wealth Builder
I like the fact that it takes only 10 minutes or less to scan the charts each day. When a trade is identified, I just need to set the orders into my trading platform and walk away for the rest of the day. It also takes very little time to manage open trades.
The best part of using this forex trading system is that you don't have the stress or tension that comes with watching your account equity fluctuate with every tick of the market. You just let the market do its thing while you do yours. The only time you do check your trades is the next day when you start up your trading platform to manage your existing trades and scan for new potential trades.
While I do like what the 10 Minute Forex Wealth Builder does, sometimes you might want to have a little more trading activity than what the system gives. You can complement the 10 Minute Forex Wealth Builder with another system that provides more trading activity on a smaller time frame if this is something that you want.
The 10 Minute Forex Wealth Builder can be part of your "Bread and Butter" trading arsenal while you continue to develop your trading strategy and systems.
With everything included, I give the 10 Minute Forex Wealth Builder at least 4 stars.
Check Out The Official 10 Minute Forex Wealth Builder Website >>
User Feedback on The 10 Minute Forex Wealth Builder
These are some of the user comments and feedback that we have found about Dean Saunders and his 10 Minute Forex Wealth Builder.
"Have tested the Dean's system and it is truly worth the money. Eliminates emotional noise from the trading process by mechanizing the trade from beginning to end. Ten minutes spent in the evening... allows the trader to know exactly what the risk and reward can be by following a few simple rules. He also follows up by sending e-books about forex trading that are free of charge. A good value that enables one to maintain objectivity in the forex trading arena."
Christophe, Gulf Coast ~ Excerpt from forexpeacearmy.com
What I most like about it is the well explained Stop Losses strategy and the Risk Reward ratio of this system. Even a newbie will understand the logic why it was so...Dean regularly sent you free E-Books on trading strategies from other traders and tips to educate you better about the Forex (which I believe is so much worth the money that I paid for)...I've been testing this system for about 2 months now and its definitely working."
Arthur, Philippines ~ Excerpt from forexpeacearmy.com
"...the swing trade technique inside 10 Minute Forex Wealth Builder is one of the best and most accurate ways to trade Forex."
Chris ~ Excerpt from fxtradingreviews.com
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