Dean Saunder's 10 Minute Forex Wealth Builder

[GDelacroiix]

Anyone have experience with this system? Dean Saunder's 10 minute forex wealth builder. I believe he also has the blade system for sale a while ago. Is this guy legit?

[trader411]

I took a look at this system last week. Here are my thoughts.

-The system is very simple. It does give you a system to trade that only takes 10 minutes in the evening to do.

-There is nothing revolutionary about the system. It uses candlestick patterns and moving averages and support and resistance for the trade signals.

-The manual briefly touches on trader psychology, risk management, and forex basics.

-My one criticism is that the pictures of the system shows multiple books and dvds. This gives the impression there is a lot of content to the system. There is not. The system consists of one pdf that is 73 pages. The entire system can be described in two to four pages.

-As of yet I am still trying to determine the performance of the system. I am trading it in a demo account this week and I need to back test it.

Hope this helps.

[bossxero]

Originally Posted by GDelacroiix

Anyone have experience with this system? Dean Saunder's 10 minute forex wealth builder. I believe he also has the blade system for sale a while ago. Is this guy legit?

Hi Guys

I have looked into the system too... one thing I wanna point out is that the book contains 2 trading systems and both of them are NOT intraday systems... they work on the Daily TF.

The first trading system seems good but not genuine as it can be found on many forums for free... its the usual way we trade moving averages but it is just on the Daily TF

The second system is a copycat of an ebook which was sold on ebay.. It was called 5-Min Forex... It involves looking for a specific bar on the daily timeframe and once found,we should get a high probability trade setup because it wins most of the time... but the only prob is that this setup can occur around 10-12 times per currency per year... or maybe less.

I think that both system can be profitable and bring some pips in the box as we are working on the daily timeframe... but if we trade even the macd crossing the 0 line on the daily, we will be making much more pips.

[oilfxpro]

Originally Posted by bossxero

... but the only prob is that this setup can occur around 10-12 times per currency per year... or maybe less.

.

Some peo9ple are happy to wait 24 hours 250 days a year to pull the trigger 12 times a year,

OILFXPRO

[GDelacroiix]

Thanks guys, I appreciate the help.