10 Min Forex Wealth Builder: The USDCAD Trade
A long trade was entered into the USDCAD on the 20th of October 2008, using the Trend Trading Strategy contained within the 10 Minute Forex Wealth Builder Trading System.
10 Min Forex Wealth Builder -> USDCAD Trend Trade
It can be quite hard to believe that trading profitably can be so simple. That’s a major perception problem that lots of new traders get when first learning about trading…
I know, because earlier in my trading career, I had the impression and belief that the more sophisticated a system was, the better it would be in terms of profits. To tell the truth, it took quite a while for me to get rid of that unproductive trading belief!
But when you finally realize that bells and whistles don’t necessarily equate to profits, you’ll start on the process of simplifying your trading strategies and rules to the basics as much as possible. It’s exactly like how Albert Einstein puts it:
“Make Everything As Simple As Possible, But Not Any Simpler.”
There requires a balance between sophistication and simplicity, because going to the extremes either way can be very counter-productive.
That’s why the 10 Min Forex Wealth Builder manages to find a balance between simplicity and complexity, and with a little bit of patience and discipline, you’ll find that you can build your account pretty quickly over a short period of time!
The USDCAD Trade
The trade was exited for +344 pips over 2-3 days, without really having to do anything!
 Capturing +344 pips in the USDCAD If you have a couple of trades like this and they go on an extended trend, you can be pretty sure that your account will grow pretty quickly… and sometimes it’s a lot faster than you might believe!
Trading End of Day With The 10 Min Forex Wealth Builder
Trading the forex markets doesn’t have to be as time-consuming as you may have been led to believe. With the right strategies and systems, it really can take as little as 10 minutes a day or less.
The 10 Min Forex Wealth Builder isn’t a day trading system, although you can adapt the same rules to the 4 hour charts. It’s designed to provide the forex trader a simple system that requires little management, and to be able to step away from the markets until the trade either gets stopped out or hits the profit targets.
A system like this, in my books, is something valuable if you want, or need, to have a life away from the markets.
And growing your account can be a lot faster than you realize… $10,000 to $15,000 in 5 months? You may even average 100% a year or more, taking less than 10 minutes a day!
If this is what you’re looking for, you can find out more about the 10 Minute Forex Wealth Builder.
Find out more about the 10 Minute Forex Wealth Builder here
Trading the Current Market Conditions…
Unless you’ve been hiding under a rock, you’d know what the financial markets are going through right now. Anyone who has been long on stock would have been hit tremendously by the falls in the equity markets.
On the other hand, the forex markets are just continuing as per normal. It’s not that easy to manipulate the foreign exchange markets as it is the stock markets. The factors that cause currencies to move are very different from those that can cause individual stock prices to move.
But no matter what is happening in the financial markets, you will always need a robust, solid trading system to capture market moves with as little risk as possible, for as much profit as possible.
One of the Best End of Day Trading Systems
In quite a number of the trading systems that I’ve come across, one of the best forex strategies that is simple, requires very little time to trade, and gives extremely solid returns is the 10 Min Forex Wealth Builder.
Here’s my latest trading statement:
Detailed Trading Statement for the 10 Minute Forex Wealth Builder
(It’ll open in a new window)
At this time, it’s showing a closed profit of $5,532.84, not including the current open profit with the trade on the USDCAD.
10 Minute Forex Wealth Builder END OF DAY Trading System I have about a 68% win rate with the 10 Min Forex Wealth Builder trading system. So it isn’t all hunky dory with ONLY Wins and no losses. There are some losing trades, which is part and parcel of any trading strategy.
Yet….
The account is up over 50+% in less than half a year. Not to mention that I’ve missed a couple of other winning trades because I was preoccupied with the other stuff that goes on in my life. The returns could easily have been much higher by now.
And that’s not taking into account that I only take about 10 minutes or less a day to find trading opportunities, place the order, and then manage the trade to completion. Some days, it takes 3 mins or less to fire up the MetaTrader platform, flip through the charts, and find there are no trading set-ups to take.
At times like this, if your trading account is even up by 20% or more, you’d be waaaay ahead of many people who’s portfolios have been savaged by the problems hitting the equity markets. Not to mention that you might even be up by 50% or more!
I’ve been through a few End of Day trading strategies, and there really aren’t that many systems in the market that are as solid as the 10 Minute Forex Wealth Builder. There are more expensive packages in the market that cost a couple of thousand dollars, but if you want value for money…?
Take the 10 Minute Forex Wealth Builder for a drive in the forex markets. If I can make 50% + on my account using the systems included, why shouldn’t you?
But remember, the 10 Minute Forex Wealth Builder is an END OF DAY trading strategy. It is NOT a day trading system, so if you’re looking to free up your time and energy by trading only a couple of minutes a day, then this is a solid system that you must have.
If you want to learn the strategies in the 10 Minute Forex Wealth Builder Trading System…
Make Money Trading only 10 Minutes A Day!
End of Day Trading Updates
Over the past month of September, there really haven’t been any solid set-ups to trade. For the most part, we’ve been standing aside from entering any positions in the forex markets.
While the desire to trade is there, having the patience and discipline to trade only when conditions are best suited to your systems is crucial for success in the long term. If you are able to cut down the number of losing trades, you already come out ahead in the trading game.
With the 10 Min Forex Wealth Builder, we’ve not had any good opportunities come up. This means that we’ve been keeping our capital safe for when the markets start to behave predictably again.
Once the markets settle down, and good trading opportunities are available again (based on the 10 Min Forex Wealth Building System), you can be sure that we’ll be taking those trades.
Understanding Your Trading System
If you’ve been trading awhile, you’ll realize that trading systems don’t suit all market conditions. There will be times when the markets just don’t sync with the assumptions of your system, and those are times when you will have to stand aside.
That’s why it helps when you have a primary trading system (i.e. your bread & butter trading system), and other secondary trading systems that pinpoint good trading opportunities that aren’t picked up by your primary system.
You diversify across strategies and systems, but it will require you to have the clarity of mind, patience and discipline not to overtrade when you are trading more than one system at any one time. The soft skills of trading are crucial for your trading success, because the trading systems will be executed by you.
When you have the soft skills of trading, plus the specific trading systems of the 10 Min Forex Wealth Builder, you’re going to be profitable over the long term. As a trader, you’re going to need every edge that you can get.
Click here for more Information on the 10 Min Forex Wealth Builder
Update on the End of Day Forex Trading System
I’ve been trading the forex markets end of day with the 10 Min Forex Wealth Builder for quite a while now. And it truly takes me about 10 mins or less a day to actually find trade set-ups, calculate the entries & exits, as well as the position size that I want to take in the market.
10 Min Forex Wealth Builder August 2008 Results
I first started testing out the 10 Min Forex Wealth Builder in June 2008, and it’s about 3 months now that I’ve been actively trading with this particular End of Day Forex Trading System.
The account started with $10,000, and has progressively increased over the months till where it stands now.
The Overall Trading Result as of 31st August 2008
Closed Balance: $14,668.56
Open Equity: $15,435.95 (closed balance plus/minus open trades)
Net Closed Profit: +$4,668.56 for 46% return over 3 months.
See Detailed Trading Statement
That’s approximately 15% a month over the last three months, give or take a couple of percentage points. And all that for monitoring the markets for a total of not more than 15 minutes a day, if not less.
Does the 10 Min Forex Wealth Builder Work?
Trading on any given day isn’t easy. Trading on any given week or month has its challenges. But one thing I can say for sure, having a proper trading system with well defined parameters definitely gives you, the trader, an edge that others don’t have.
And when you have an edge in the markets, that’s where you will make your money.
The 10 Min Forex Wealth Builder gives you:
- Two Trading Systems for two different types of trading (i.e. Trends & Trading Reversals)
- A Well-Defined Entry
- A High Reward Profit Target that is 2x or more your initial Risk
- Low Time Requirements (especially good if you are working full-time, and trading part-time)
- Low Stress (because you don’t have to sit in front watching the markets tick up and down every single second)
- Long Term Profitability with a robust trading system
For an End of Day Forex Trading System, I don’t know how much better you can get than with the 10 Min Forex Wealth Builder. Of course, not everybody enjoys trading End of Day… Some traders prefer to have a close up action of the market by day-trading.
Then again, it’s always good to have a profitable system in your trading arsenal that offers you diversification across trading styles and time-frames as well.
For more information, go to Forex Wealth Builder.
10 Min Forex Wealth Builder Trading Results August 2008
It’s been a while since I had a chance to update you on the trading results from using the 10 Min Forex Wealth Builder trading system.
Right now, we are +$3,773.81 in closed profits. Not much change from the last update, but we are up a couple of hundred dollars nonetheless. In between the last update and this one, we did hit a high of $4,000+, but have since then come off the equity peak a little.
The 10 Min Forex Wealth Builder
If you’ve had a hard time trading the forex markets in the last couple of weeks, it’s good to know that by following the trading methods in the 10 Min Forex Wealth Builder, you would have stayed out the majority of the time. Keeping your capital intact for when the markets are okay for trading again.
Even the best of traders have losing trades some times, but they realize it’s all part of the game. With the systems within the Wealth Builder system, you will make back any losses pretty quickly once the markets are “normal” again.
If you’re wanting a system that will allow you time away from sitting at the screen, then the 10 Min Forex Wealth Builder is something that you must check out.
Check out the 10 Min Forex Wealth Builder
Right now, I only have one trade that’s open in the USDJPY. It’s profitable so far, and is on its way towards hitting the first profit target.
 10 Min Forex Wealth Builder USDJPY
Will it hit the first profit target for twice the initial risk?
I’m leaving it to the trading plan that I have in place to manage the trade. If we get a further push upwards by the USDJPY, then great. Otherwise, it’ll just be another one in the thousands of trades that come along.
Read more about the 10 Min Forex Wealth Builder
10 Min Forex Wealth Builder - $3,322.65 in profit in 30 daysIn 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…).
How I Made $1,806.57 in 15 days with the 10 Min Forex Wealth Builder
Did that catch your attention?
It did, didn’t it?
After purchasing the 10 Min Forex Wealth Builder trading system, it took me a couple of days before I settled down to read it thoroughly. And I have to say, it was very worth it.
Between 10 - 15 minutes a day, the 10 Min Forex Wealth Builder extracted $1,806.57 from the markets. On a $10,000 account, that’s about 18 plus %. On most days, it took me less than 3 mins to scan the 8 plus currencies on my watch list!
And when it took 10 mins, that was only because of trades setting up! Working out the position size, entries, stop losses and profit targets takes me a few minutes… not to mention having to enter the trade orders into the trading platform.
My 10 Min Forex Wealth Builder Trading Results So Far…
To see the trades that I took, and the trading results, here’s the trading account statement:
10 Min Forex Wealth Builder Statement
Of the many trading systems that I’ve purchased and traded over the years, this is one of the few that I most enjoy trading. It takes little time, it has great reward to risk, and it’s very effective in hitting targets for profits.
I’d love to share more, but I’m going to grab some Zzzz now. I still have a couple of trades open, and the account has grown to $12,000+ at this time. My days are filled with things to do, and I for one definitely appreciate it when a trading system requires low maintenance AND offering high potential rewards.
While this trading system has been very effective for me, if you’re looking for action every single second, it’s not for you.
But…
Making Explosive Profits With The 10 Min Forex Wealth Builder
If you’re looking for a steady way to grow your account an average of 10% to 20% a month on a steady and consistent basis, using less than 15 mins a day to manage your trades, and be happy to end up being a Profitable trader rather than being a losing trader, then you definitely want to check out the 10 Min Forex Wealth Builder.
To read more on the 10 Min Forex Wealth Builder:
My Current 10 Min Forex Wealth Builder Trades
I’m trading the 10 Min Forex Wealth Builder System, and so far I’ve had 3 trades opened. None of them have closed out yet, so there’s really nothing to report.
In trading, sometimes your trade goes in your favor almost immediately… and at other times, they go into drawdowns almost immediately.
This is why stop placement (if you use stops) is critical. By placing stops far away enough to give the trade wiggle room, you can sit through drawdowns with relative safety and allow it time to “mature” and hit the profit targets.
In trading the 10 Min Forex Wealth Builder System, I’ve seen two of the trades go into profit before moving into drawdown. And with the third trade open, it’s also currently in a drawdown.
The three trades that I’m currently in are:
- Short on the USDCAD
- Long on the EURJPY
- Long on the GBPJPY
Typically, the 10 Min Forex Wealth Builder trades should either be stopped out or hit their target within 2-3 days. But sometimes, the markets want to do their own thing and all we can really do as traders is to wait it out.
With a proper trading plan that has well defined entries, stops, profit targets and trade management, your stress levels as a trader are reduced tremendously. All you really have to do is to execute, execute and execute.
Your trading system (in this case, the 10 Min Forex Wealth Builder) gives you the edge, and your trading plan gives you the parameters for executing that edge and allowing it to work in your favor over the long term odds.
Most inexperienced traders give up once they hit a couple of losing trades, simply because of erroneous trading expectations. No system in the world will give you 100% winning trades, with 100% guarantee of success.
Figure out how much you’re willing to risk, have a trading system (the 10 Min Forex Wealth Builder), execute your trading plan, and give yourself a chance for success.
If you don’t know what the 10 Min Forex Wealth Builder is, you can read it here:
The 10 Min Forex Wealth Builder Forex Trading System Review
10 Min Forex Wealth Builder UpdateIn my last post, I talked about the 10 Min Forex Wealth Builder, and what I liked about it. I’m already testing it out, and I’ll be sharing my updates with you on this particular trading system!
How Many Trades Do You get With The 10 Min Forex Wealth Builder?
On average, this Forex Trading System will capture between 1 - 3 trades a week. Which is about just right for an End of Day trading system if you’re watching between 4 - 8 currencies. You shouldn’t be trading much more than that, except for certain weeks in which you get bunches of trades setting up almost at the same time.
This is good because if you get too many trades open at the same time, your account gets exposed to increased levels of risk. And if all of them stop out at the same time, your account may suffer a sudden large drop in equity… which is never good for the emotional state. 
Also, markets tend to trend… then go into periods of sideways action… before breaking out into new trends again. Having your trades naturally being spread out over time also reduces the risk of you opening a whole bunch of trades just at market conditions turn unfavorable.
My 10 Min Forex Wealth Builder Demo Account
I’ve set up a demo account to trade the 10 Min Forex Wealth Builder, and will be setting up a trading results page. Don’t expect for it to be updated every day, since it is an End of Day trading system.
The 10 Min Forex Wealth Builder has already triggered two trades, one into the EURJPY and the other into the USDCAD (using the daily charts). There’s really nothing much for me to do right now, except spend 10 - 15 minutes a day scanning through the charts to look for other potential trades setting up.
Here’s the trade on the USDCAD…
USDCAD Sell Trade
And here’s the trade on the EURJPY…
EURJPY 10 Min Forex Wealth Builder Buy Trade
The best thing is that it took only 10 mins or less for me to identify these trades, because I’m looking for very specific price patterns…
Will these trades turn into profits, or will they turn out bust?
Does it really matter…?
If you really want to know, read page 29 of the 10 min Forex Wealth Builder Manual. When you understand the facts on this page, you’ll instantly reduce the amount of stress you go through as a trader. It could be that “Aha!” moment that you need as a trader!
I’ll look at setting up the results page once I have some results from trading the 10 Min Forex Wealth System.
Read more about the 10 Min Forex Wealth Builder Trading System Here
10 Min Forex Wealth Builder Review If there’s one thing in any forex trading manual or system that I’m looking for, it’s always about keeping things as simple as possible, but not any simpler than that.
The 10 Min Forex Wealth Builder is one of those systems that I really like, because it keeps the entire process of forex trading as simple as possible, but not driving the forex trader insane. I’ve purchased and gone through quite a few trading systems in my time, and while I’ve come across quite a few good ones (and some really atrocious ones), they generally require already existing experience and background knowledge to implement.
When it comes to trading, you need a “bread and butter” trading system on which you can always fall back on to provide you with consistent profits. From that foundation, you may then decide to expand your repertoire of trading systems for diversification as well as keeping in touch with what may be happening in the markets.
The 10 Min Forex Wealth Builder is one of those trading systems that will generate profits for you on a consistent basis. Whether the markets are trending, or they are in trading ranges, the 10 Min Forex Wealth Builder has the tools to plunk dollars into your pocket.
Is the 10 Min Forex Wealth Builder For You?
If you’re someone who doesn’t want to spend so much time in front of the trading screen, because you either have a full-time job or just want to spend more time with your family and friends, then the 10 Min Forex Wealth Builder is strongly recommended.
It truly will enable you to take 10 - 15 minutes a day to find, place and manage your trades. In fact, your trading performance will probably improve because you’re allowing your trading plan to work for you while you’re away doing something else.
What is the 10 Min Forex Wealth Builder?
It’s an End of Day trading system that uses price action to determine your entries and exits. Inside the manual, Dean Saunders goes through 2 separate trading systems.
 The first Forex Trading system is a simple trend trading End of Day system that anyone can implement. It utilizes the fact that the Forex Currency Markets trend for extended periods of time, and all you need is a simple way to identify the trend as well as determine a clear cut, no guesswork entry and exit into the trend.
And that’s what you get in the first trading system. A simple, clear cut entry into an existing trend, as well as when to stay out of the market when there isn’t one.
Although it sounds really simple (and it is with the 10 Min Forex Wealth Builder), trying to go at it alone can drive you crazy. There are so many ways of determining trends as well as identifying “possible” entry points… so many that it could literally drive a trader crazy with second guessing and indecision.
So instead of wasting the time trying to figure out stuff on your own, you’ll save a lot of time, energy and heartache when you start implementing the 10 Min Forex Wealth Builder.
To help you understand not just in words, Dean Saunders has created several very easy to understand videos that last between 1-2 minutes at the most to illustrate the key concepts within the manual. I like that, especially since it’s much easier to see in action how to identify entries and exits than to try “guessing” what the author is saying through text.
Read more on the 10 Min Forex Wealth Builder
 The second Forex Trading system is based also on price action, but this is a system that allows the trader to trade off Support and Resistance levels with a very specific type of price action. He goes through to share with you a unique method of entering into the market, and lower your trading risk at the same time.
With the second forex trading system, it’s very suitable for times when the markets aren’t trending. By utilizing common sense support and resistance levels, combined with how you enter into the market with a specific price pattern that immediately cuts your risk in half, you get the best of both worlds.
You get a Currency Trending Trading System for when markets are trending, AND you get a Currency Trading System for times when the markets are just trading sideways and not really going anywhere.
What I like best about the 10 Min Forex Wealth Builder
What I really like best about the 10 Min Forex Wealth Builder is that you know your trading entries and exist 24 hours in advance. And it really takes only 10 minutes or less to go through your charts to identify if a trade opportunity exists.
And you don’t have to sit in front of your computer the whole day watching for entries, because once you identify a trade setting up, you enter your entry order, your Stop Loss order, and your Profit Target order. That’s it.
In fact, here’s a trade that took me less than 10 mins a day to find, enter and manage for a stress-free, totally mechanical, practically automatic +100 pips!
Once you find the trade, you set the orders and then leave the market to fluctuate around and do its thing! Come back 24 hours or so later to check your trade. Usually, you’ll be pocketing the profits within 2 - 3 days or less.
With the 10 Min Forex Wealth Builder, You Get A Stress Free Forex Trading System…
The 10 Min Forex Wealth Builder Trading System has all the nuts and bolts to truly give you a lifestyle of true freedom with trading.
You can read more about the 10 Min Forex Wealth Builder on the site, as well as watch some of the videos in which he shows how he extracts 300+ and more pips from trades that require less than 10 minutes to identify.
Check out the videos on how Dean Saunders pulls 300+ and more pips from the market. You’ll have a better idea of the 10 Min Forex Wealth Builder System!
Read more on the 10 Min Forex Wealth Builder
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