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10 Minute Forex Wealth Builder Review
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What It Claims To Do
The 10 Minute Forex Wealth Builder web site is straight to the point and factual - this system is designed to help you understand forex and understand how to play the game better.
It is a manual system which you use yourself... and it is designed specifically for people who are either part time traders or are just looking to start forex. From the indicators we have seen, it appears that the product is one of the best for these two camps.
Created by a 9 year forex veteran, the package is a combination of two systems which are both designed to help the trader learn as much about forex and trading to allow them to profit from 10 minutes trading a day.
And since the system is mechanical (I.E it works with set indicators and principals) you can be sure that you won't have any problems with human error or emotion. It tells you when to trade and how much to trade.... for 10 minutes a day...
But does it really work? Can you actually trade for 10 minutes a day and still make a decent profit?
What It Really Does
10 Minute Forex Wealth Builder does not disappoint. It comes with a huge bundle of videos and learning material so that you can quickly learn the ins-and-outs of exactly how the system works.
This is imperative because other systems just give you basic guides. 10MFWB actually gives you instructional DVD's and manuals to help you fully understand why you are trading when the system instructs you to, etc. What you learn in the videos and manual is so informative that it's worth 10X what you pay for the system itself...
The system itself is another beast altogether. Its ability to help you profit from just checking out the charts for 10 minutes a day is truly staggering... and yes, you can really use it for 10 minutes a day!
The 10 Minute Forex Wealth Builder system consist of 2 separate trading setups - a Breakout Trade and a Swing Trade. The setups of these trades are extremely easy to learn and there is virtually no element of interpretation that could cause confusion. Both of these trades profit from large moves on the daily charts and don’t target small movements during the day at all.
This system really does require only 10 minutes of work per day - each day at the close of the daily candle you look for a Breakout trade or a Swing trade in the daily charts and if certain conditions are met, you place your trades and step away. Exact take profit and stop loss levels are calculated at the time of entry, so no further action is required after an order is placed, all you need to do is look in on the trade the next day to see if one of your targets have been reached.
An important thing to consider is the exact time that the daily candle closes. The Interbank FX Metatrader client works in the GMT time zone, so the daily candle closes at exactly 00:00 GMT, which is 2am in my country. Different brokers use different time zones, so you will have to find one that suits your schedule. The great thing about the 10 Minute Forex Wealth Builder is that when there is no trading opportunity, you usually see it long before the close of the daily candle, so you don’t have to wait around for the candle to close.
Both the Breakout and Swing trades work on all the major currencies and a trading opportunity occurs roughly every 3-4 days (based on some basic testing). Stop losses are between 50 and 100 pips, depending on the currency, but no more than 2-5% is ever risked on a trade, thanks to a very good money management strategy that is explained in detail in the manual. Take profit targets are always double the stop loss, so the reward is always twice the risk with these techniques.
What's Included In The Package?
Purchasing 10 Minute Forex Wealth Builder will give you the following products available to download in the members area:
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Is 10 Minute Forex Wealth Actually Profitable?
Although it's not one of those glitzy "automatic trading robots" which seem to grab all the headlines with their "$1,000,000 overnight" claims... the fact remains that 10 Minute Forex Wealth Builder is a steady system which can help you supplement your income from forex profits.
Obviously, it takes a little more than 10 minutes exposure each day to make serious money in this game but if you are tight on time then this is definitely a good place to start.
Conclusion
We would highly recommend this to beginner, intermediate and part-time traders. It is a simple, extremely well detailed system which you can use to generate profit forever.
It's not like some of these EA scripts which die after a few months. The techniques you learn in 10 Minute Forex Wealth Builder are there to stay. And you will profit from them because they are so simple to deploy.
You can get your copy of 10 Minute Forex Wealth Builder right here >>
*Kudos to Chris @ FxTradingReviews.com
Copyright - ForexFastForward.com - Advice on forex trading systems.
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