10 Minute Forex Wealth Builder Review – This System Does Not Work!

in #forex7 years ago

what_is_forex_range_trading.jpg

You may be wondering if this system does not work why someone would
bother to write a review on it? Let me first give you some background
info. Even I am not a very advanced trader in forex I trade it part
time and see consistent success after long time of struggle. So my
opinion is this: there is no system in currency trading that works.
Sounds controversial? The only thing that can work them is you. If you
are not growing your account consistently then you need to work on
yourself to make trading systems work for yourself.

In my opinion success in forex hugely depends on my belief systems
about money, success and my life in general. Throughout my journey as
a trader I have discovered that it is my belief system made me to
consistently fail in the beginning then become yo-yo type of trader.
When I built my account significantly then thinking that it's all done
drained the account completely. The keyword for success in trading for
me is consistency. Even if you are averaging 5 pips a day you will
build your account in a long run. But if you make 200 pips one day and
loose 2001 pip another day then with this kind of trading you are
doomed to blow you account sooner or later. You don't have to blow you
trading account to become successful by the way.

So let's get back to 10 Minutes forex Wealth Builder review. If you
are yet to find a system that consistently works for you then this
system will not for you either. But this system can be a great tool to
find your way to consistent success. Let me share my experience how I
find my way to become a consistently profitable trader. I picked a
100% mechanical system. By that I mean if you see the price meets
certain conditions then you have a trade if not then you stay away. No
second-guessing and gut feeling in your trade. Once I opened a trade I
left it alone until it hits the take profit level or stop loss. I kept
trading it and judging the results only in batches of 50 tradesThe
total result at the end of 50 trades can be positive, negative or
break even. A few batches like that and you know if your system is
profitable or not. Emotions like excitement on a single wining trade
and dying on a single loosing trade gradually get worn away.

This 10MFWB consist of two systems. One is breakout system. You enter
a trade when price breaks out the support or resistance levels. The
manual clearly explains how to identify those opportunities with a
high probability. The second one is swing system that based on a large
market moves such as price reversal etc. Again video tutorials and
manual make it crystal clear how to pinpoint those opportunities where
to set your stop loss and take profit levels.

Now what I recommend you to do with systems like 10MfWB is to take it
and make consistently work for you the way I described above. This
system is profitable if you make it work for yourself. It is 100%
mechanical. You will spend little time at the end of the day to
analyze your charts and setting up the trades. After that you just
leave it for the price to take profit or hit the stop loss. Again you
do not have to judge a single trade. Take a batch of trades and see if
it is profitable for you.

Sort:  

Congratulations @moodamado! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes
Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @moodamado! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published 4 posts in one day

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.21
TRX 0.25
JST 0.038
BTC 96498.09
ETH 3358.85
USDT 1.00
SBD 3.08