Dean Saunders has released one of his Forex trading systems recently. Many traders already tested his system and give their reviews. I trade Forex myself. As any other trader I am aware that most of so-called "gurus" are only interested in your hard earned money delivering some less than average courses or systems. However sometimes I may find a system developed by another trader that I could incorporate into my trading schedule. For that reason I wanted to find out if this 10 Minute Forex Wealth Builder is for real. So here is my own 10 Minute FOREX Wealth Builder review.
1. 10 Minute Forex Wealth Builder Video Tutorials
What makes this system enjoyable to learn is that Dean Saunders has created it as a set of video tutorials. I am one of those visual people who learn better by watching someone doing it. But this fact of course has nothing to do with the system itself. If the system will not work for you it doesn't matter how aesthetically fascinating the package looks.
2. Two Parts of the Tutorial
The tutorial contains two parts. The first part will benefit only the beginners in Forex market. If you are just starting off in Forex then this video tutorial will take you by hand and guide you through setting up your first account and will teach you the basics of the charting software. However if you are an experienced Forex trader you can skip the first part of the tutorial completely. The benefit for you is in the second part of 10 Minute Forex Wealth Builder, which actually contains the trading systems themselves.
3. Two Trading Systems
For the Forex pros I will just say that these two systems are based on breakout and market reversal methods (swing trades). For the Forex newcomers here is more detailed information about these systems. You probably already know the powerful concepts of the price support and resistance levels. You can identify dozens if not hundreds of price patterns using only support and resistance. Those patterns can be found in any time frame charts from 15 minutes to daily charts. You can even develop a trading strategy based entirely on support and resistance levels. I say more; you can make a living in Forex if you master only support and resistance. So if you know nothing more about Forex, I urge you at least study support and resistance levels on you charts.
a). Breakout Method.
Now let's get back to the 10 Minute Forex Wealth Builder review. As I have previously mentioned one of the systems in 10 Minute Forex Wealth Builder is based on a breakout method. This method is entirely based on support and resistance. These tutorials will teach you to identify support and resistance levels on charts. Once support (or resistance) is broken you will place sell (or buy) order and enter the market.
b). Swing Trading Method
Swing trading is based on identifying market reversal points. How can you identify those points? By learning the price patterns. As I said before a lot of price patterns are based on support and resistance levels. Those patterns actually show you the probability of market going in the opposite direction to the direction it was going. You need to identify them and enter the market in a right direction.
What are the profit targets for these systems? How long a trade will last? Find out in my 10 Minute Forex Wealth Builder review. |
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