Unbiased Review of '10 Minute Forex Wealth Builder'

We recently looked at something called ‘10 Minute Forex Wealth Builder’. It is not an EA, forex trading robot that you can install and let it run all by itself, making you money even when you are away from the computer. But nevertheless, this program promises to teach you how to implement trading systems that would take only “10 minutes” of your time a day while still delivering great returns. So, how real is this, and how close to the truth their promised results really are?

If we look underneath the surface, we find that clients have to pay a fee to get an access to the “Members zone” which is just a learning area where they are taught with very clear manuals how to spot breakouts and swing pattern trades in charts based on daily data. Break-out method targets profits of 100-200 pips while holding the trade for 2-3 days while “Long term Swing” method is looking to make anywhere from 200-400 pips in profits while staying 3-7 days in trades. Stop loss is pegged to half of those amounts.

Problem with this approach to trading seems very obvious: how can we know that this approach works? If we can back test the approach and see how well it behaves during different market conditions, then we can develop confidence that in the long run it will give us good results. But, without possibility to automate it, we are left with very murky picture of the true system possibility.

Furthermore, this approach can be very subjective, just like all charting is. That means it all depends on you, your ability to spot the trade and execute it right, opening door for many things to go wrong.

The biggest issue that is wrong with this program is that in the end of the day you will have to learn on your own a material that many trading books can teach you for a few dollars. The promise of huge wealth when trading forex is real, but you know that already, and their promise about 10 minutes a day is not honest at all. So paying over $70 just for someone else to repackage the ‘truth’ seems rather unnecessary. We are going to stay away from this program.