Today I thought I’d bring you something a little different. Whilst a lot of online investment that I write about is hands-off it’s always worth trying to find ways to earn additional income where you have greater control on how successful you end up. This post provides a review of a fixed odds trading service that has a lot of potential.

I purchased the Ten Minute Trader a few weeks ago and whilst it is still early days I wanted to give some initial thoughts on it as the markets are currently poised for a correction and if you act quickly you may have time to profit. So, how does this all work and would it be right for you?

As the title declares the idea is that you only need ten minutes a day to see if a trade is possible and if the answer is yes you need to place a trade. Strictly speaking it would be possible to spend just ten minutes a day but in reality you would probably need a little more time especially if you are trading all the markets recommended.

When you pay for the Ten Minute Trader it will take a few days for your manual to arrive. When it does you are encouraged to find somewhere quiet and take time to read the whole thing through. What you’ll find is a manual that explains not just what signals to look for but also prudent money management, how to set up the trading platform to identify signals and how to place trades on the chosen platform.

The system uses Fixed Odds Trading on defined markets. The advantage of this form of trading is that you know exactly what your liability is and also how much you will gain if your trade is successful. It doesn’t have the adrenaline rush of spread betting but for me that is a good thing.

The author of the manual, Matt Bird, takes a pragmatic approach to explaining how everything works and gives several examples of how trades are spotted and the strategies to adopt if potential trades look likely.

Aside from the manual you also get access to a private member site where you can read previous issues of the newsletter and a series of audio and video sessions where Matt describes what the markets are doing and the type of signals that could trigger in the short term. These are highly informative and do provide substantial additional value to the Ten Minute Trader programme. I should mention that Matt, unlike many others I’ve seen, has a good delivery style and speaks clearly and fluently. This means that you (or at least I) don’t tune out part way through the video or audio recording.

If I was being very picky I would prefer that the newsletter and video be published a day or so earlier in the week as when you receive it some of the advice given can be out of date, perhaps I’m just being selfish.

Now that I’ve been keeping an eye on the markets for a few weeks I am getting more comfortable about where I feel the market is going and what signals to look out for that will let me trade.

I have made two trades so far and both have profited. As it happens I think that I entered one trade earlier than I should have and whilst it turned out okay I did want to check whether I had acted too quickly or not. I wrote an email to Matt explaining what I’d done and received a reply within about 4 hours. So, his claim that he welcomes feedback is borne out and from what I’ve seen so far his support lives up to the promise.

From a practical viewpoint this system should suit most people as you only need to check if a trade is possible in the evening UK time. Having said that people’s circumstances are all different and however well intentioned it can sometimes be difficult to check every evening. This may not be a deal breaker as the signals can be valid for several days so for most people it should work out well.

I am very impressed with Ten Minute Trader and can see that there is long term potential for making money. It may take a while to gain confidence and build up a sizeable bank but it should not be impossible.

If this sounds of interest to you the price is £297 and there is a 30 day money back guarantee if you decide that it does not work for you. As I mentioned there are regular newsletters and videos and whilst these are free for the first month there will be a small monthly fee after that to keep receiving them.

In terms of an investment bank you could start as low as £200 but the recommendation is to use a higher amount if possible.