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!
