Tuesday, April 6, 2010

Dean Saunders 10-minute-forex-wealth-builder.com Review

Ive actually checked through the past occasions Ive used 10 Minute Wealth Builder and counted 7 winning 12 loosing trades. There were some breakeven/cancelled orders. Some of the winning trades were huge so they may cover the losses. It was a little complicated to gauge the performance as I used the same position size regardless of stop loss. The sample size may be small for some of you but it is enough for me to have rough idea. I dont think my results was what the author/trading system intended. Regardless this is much different from the 60-70% winning rate Dean claimed. Funny thing is that another site (smarttradingforprofits.com) which did a test scored more than 60% winning rate over about three months about a year ago and risking 3% risk, average 15% a month which is good but still different from what Dean claimed of 5% * 4 weeks = 20% monthly as very conservative (I think Dean base that on 4-5% risk!!!). I also believe the site tweaked the system a little like splitting positions and taking some profits first. Another site (scoutforex.com) mentioned about 700+ pips profit over a few months. Now this is quite dismal although profitable considering we are trading daily charts and the number of pips we risk per trade is in the high tens to more than a hundred.

Click here to make your judgment on 10-minute-forex-wealth builder!

I recommend one should not be distracted by flashy product websites which claim deadly accuracy no matter what experience level making SHOCKING amounts of money (well that may be true if you are starting with an even MORE SHOCKING amount of capital) in mere 10 minutes a day (after all these trades I still need about 30 minutes to calculate position size, check for correlations, making sure etc. but is still considered little time for me) not should one post reviews here on the basis of a few trades (which are profitable).

After all these testing, analysis, review and referencing of other review websites. I hereby rate it 1 star.

Click here to make your judgment on 10-minute-forex-wealth builder!

Tuesday, October 21, 2008

If you already know only a little about Forex trading systems read informations below and visit the best forex trading system link below it.

Forex, short for foreign exchange, is trading where the commodity is not stocks or shares, but currency. 

Not only does this market trade 24 hours, but the daily volume exceeds $1.4 trillion, making it the largest and most liquid market in the world. Unlike other financial markets, the forex market has no physical location or central exchange. It is an over-the-counter market where buyers and sellers including banks, corporations, and private investors conduct business. 

Foreign exchange trading takes place in financial trading centers all over the world, including New York, London, and Tokyo creating one cohesive, international market.

The huge number and diversity of players involved make it difficult for even governments to control the direction of the market. The unmatched liquidity and around-the-clock global activity make forex the ideal market for active traders.
In the forex market currencies are always priced in pairs; therefore all trades result in the simultaneous buying of one currency and the selling of another. The "trick" in forex system trading is accurately forecasting the direction of the fluctuation between two currencies. Click Here for our recommended Forex system.

So how do you make money with Trading The Forex?

Suppose you had $100 and bought Euros when the exchange rate was two Euros to the dollar. You would then have 200 Euros. If the value of Euros against the US dollar increased then you would sell (exchange) your Euros for dollars and have more dollars than you started with.

This scenario, simple as it is, is the nub of Forex trading – buying and selling currency when exchange rates move in the right direction.
Now, all this sound fine and dandy, but what are the risks of Forex Trading Systems?

Surprisingly, compared with other money market trades, the sheer scale of the Forex market ensures greater price stability and better leverage. With built-in protection in the form of automatic limits for buying and selling, safety margins and other risk protection measures the likelihood of ending up in the red even when the Forex market is volatile is reduced. 

But all Forex system traders should note that the market is one of the most liquid around and subject to strong currency trends. While leverage figures of 100:1 are often times quoted, without adequate risk protection in place the pendulum swing between profit and loss can be stark.

Even veteran Forex system traders can be caught out and take large hits from time to time. With this type of investor speculation, the golden rule must be: don’t risk what you can’t afford to lose. 

But before you even consider any forex trading systems check out what we consider to be the best Forex trading system online. 
My Best Forex Systems Trading

For those of you who are new to trading, or those who have been around for a while, we have the best Forex system trading method for you. There has never been a better time to trade the currency markets. Why? Because this market is recession proof. There will always be a need for forex as long as countries are involved in trades with one another, it is that simple. So have a look at the best Forex system trading method available and take part in the biggest market in the world.


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