If you're a beginner to forex system trading and you aspire to be able to hit the ground running, you first need to learn about the basics of trading in this market. If you're like me, you don't need to learn a lot of complicated theory or confusing chart indications. Just teach it to me straight and plain. Show me what's effective and what I have to look out for.

Well, that's precisely what you get, and more, from Dean Saunders' 10 Minute Forex Wealth Builder training course. The course is presented in a simple, to-the-point style. It consists of a PDF manual along with several illuminating video tutorials. You discover how to find and choose profitable currency pairs, what the bid and the asking price is all about, in addition to valuable information about the foreign currency market itself.

Once you understand the basics, Dean recommends a specific foreign exchange broker who provides free charting software based on the MetaTrader 4 charting platform. In addition, this broker offers narrow spreads between the bid and the asking price. The spreads that brokers offer can vary from one broker to the next, sometimes as much as three times the amount, considering the broker. Working with a broker who offers narrow spreads can have a great impact on your final profit.

Another purpose why Dean recommends this specific broker is because they allow trading in micro lots. This can be a substantial advantage for a beginner to forex trading wanting to test the waters before leaping headlong into the market. Of course, gaining your balance with paper trading is recommended before putting any account capital at risk. Even so, being able to use micro lots can permit someone without a large account balance to add to that balance while also getting some valuable trading experience at the same time.

The critical area of money management in forex trading strategies is also covered in detail along with risk calculation and how to cultivate a profitable trader's mindset. Dean also touches on a realistic approach for aiding you to discover what your long and short term trading goals are, which helps to focus you on their completion.

Finally, the course covers two types of forex strategies: the breakout system and the swing trading system. Dean shows you what indicators to be apprised of to enter your trading position, where to place your stops, and when to take profit. You don't have to think about anything, just abide by the system he outlines and you should do very well indeed. By following the strict trading rules he lays down, this takes the fear and greed out of the trading picture, while allowing you to live your life without becoming a forex market junkie bound to your computer all day.

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