Nearly all Forex investors are familiar with intraday trading. Intraday trading refers to a system of opening a position, and then closing that position on a security in the same trading day. Typically this could involve a system where you try to capitalize on the rise of the value of that security, or shorting with covering the short to profit on a drop in the value of a security. This is the system most Forex traders are familiar with, and what most people think of when they consider being a Forex day trader.
Intraday trading certainly has its advantages, I will outline them here for the purpose of contrasting with the focus of this article, which is an alternative Forex investment strategy known as day swing trading, and specifically the program outlined in the 10 Minute Forex Wealth Builder review.
Advantages of Forex IntraDay Trading: This system involves capitalizing on small moves in the value of the security by leveraging or margin trading, which is essentially the same as borrowing money. The magic of intraday Forex trading involves use of “stop loss” orders. Using stop loss orders limits your losses, but not your profits. Imagine leveraging on 10 securities during the day, 5 of them plummet while 5 of them rise. The securities that fall in value are stopped at a certain potential loss. However, the 5 that rise may continue to rise, without being stopped. Using this technique, you could be wrong half of the time and still make good money. There are many intraday trading styles that range from holding a position only for a few moments, compared to others that hold a position most of the day. Some intraday traders will identify any positive momentum and jump on the move, whereas others focus on identifying security value reversals and taking advantage of them.
The disadvantage of Forex Intraday Trading; this method of Forex trading is very hands-on. It would be extremely difficult to profit from intraday trading when investing only 10 minutes of your time a day, especially when it is your goal to identify trends and buy or sell immediately in response to those trends.
Enter the 10 Minute Forex Wealth Builder. The first question everyone should have is, is it really possible to get away with investing only 10 minutes of your time and have any reasonable level of success with Forex trading?
10 Minute Forex Wealth Builder review.
This Forex trading system truly requires only 10 minutes a day. You spend your time locating and qualifying trades. Back to Intraday trading for a moment — intraday trading uses lagging indicators to tell you when to trade. There are two methods of trading discussed in the 10 Minute Forex Wealth Builder and neither one involves monitoring lagging indicators. With this strategy you only examine and track over time a leading indicator which is simply the price.
The Forex Wealth Builder is a system that identifies setups that are positioning for a breakout. After you have qualified the setup, as it breaks out it startles everyone which results in substantial funds gravitating towards the direction of the breakout. It is a method that can get you a substantial amount of pips with a small time investment.
Using the 10 Minute Forex Wealth Builder, it is possible to track trends based on the price. It is possible to predict a breakout up to 24 hours prior to it actually occurring. You essentially start your 10 minutes tracking prices on on several currencies and then applying certain criteria to the daily fluctuations. If the criteria exists, it is prime for a breakout and so you place your orders, the stop-loss and the profit take, then wait til the next day to see how it went. Doing this abstracts you from the mini fluctuations in currency that most Forex traders focus on all day, allowing you to manage your Forex trading in a much smaller time frame.
I hope that you enjoyed the review. Remember that commodity futures trading has potential rewards, along with potential risks. Continue researching the 10 Minute Forex Wealth Builder, as well as other Forex trading strategies to make well-informed decisions and investments.