I stumbled across Blazing Trader and the possibility to make $20,000 every day for the rest of my life. Heck, if the developers make so much money with their system, why would they bother creating a website to make others rich for free? Is Blazing Trader another scam involving binary options? Let’s find out the truth.
Blazing Trader Review
- Product Name: Blazing Trader
- Website: blazingtrader.co
- Money Making Strategy: Binary Options
- Price: $250 minimum
- Recommended? No
- Score: 0/10
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What is Blazing Trader?
Blazing Trader is another binary options auto trader that promises to make you rich quickly and without any effort. It’s is said to give you a serious advantage over other binary traders and win 93% of the time.
The software was created by two brothers called Johan Strand and Lars Strand. Johan Strand, the guy who speaks to you in the video, entitles himself as an ex-professor at the department of applied mathematics at the National Institute of Technology in Zurich.
I tried to find the background of this guy and couldn’t find any connection of Johan with the university. Not in Google or the Univerity’s official website.
I am 100% confident Johan is a fictional name and nothing he claims to be is true. Maybe because he has bad intentions? Surely…
Binary Options is Extremely Risky!
Similar to a Casino, there are much more people losing than winning in Binary Options. It’s difficult to profit because the financial market is unpredictable and the broker has a big advantage over you. For example, if you win a trade, you earn 75 or 80%, whereas if you lose a trade, the broker keeps 100%.
I never recommend binary options to my readers because the vast majority of people don’t have the knowledge and skills in financial markets. Besides, even highly experienced traders lose money, so this is definitely not a reliable strategy.
If you can’t afford to lose your hard earned money, don’t even think about trading in binary options… The idea of making big profits is such a short time is tempting, but the risk of losing more than what you expect to win is significant.
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Will Blazing Trader Eliminate the Risk?
The software is said to spot emerging patterns in the stock movement and place trades with a high level of accuracy. Although the program can spot patterns and compare with past results, it can never predict future results.
So no, Blazing Trader can’t eliminate the serious risks. In fact, they can manipulate the results and generate losses, making the system even more dangerous for you.
Unfortunately, there is no auto trader that can predict the movement of asset prices and boost winning trades. I reviewed lots of such systems that just makes brokers and promoters wealthier. Pay My Vacation, Brooks Blueprint, and PRIZM are just three similar and outrageous examples.
Let’s imagine what would happen if you placed a trade once every hour and reinvested all your profits in the next trade.
With an initial investment of $250, 75% ROI (return on your investment), 93% winning rate, and 7% break even, this is what you would get:
- 22 wins and 2 losses
- $31,749,656.51 (using compound interest)
So, instead of $20,000/day, you should make over $30 MILLION/DAY if the system really worked as advertised. No broker could afford a single person making insane profits like that.
Besides, there is no such thing as “break even” with a trade. You either win or lose in binary option.
How Does The System Works For Them?
It’s simple. When you make a deposit of at least $250 with the Broker, the owners of Blazing Trader earn a massive commission.
This is screenshot from the payment form:
That explains why the software is given out for free. That’s also the reason why the internet is flooded with such useless software… The more people believe in their false promises, the more money they make.
Conclusion – Is Blazing Trader a Scam?
Blazing Trades is another classic example of binary options scam. They promise you will never lose a trade, but that’s a complete nonsense as there will never exist a system that provides unlimited cash for doing absolutely no work.
Put money into the broker’s account, turn the auto trader on and your money will quickly vanish. That’s for sure!
Verdict: Not Recommended!
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I hope this article was helpful to you, and that I could steer you away from such a misleading website. If you have any questions, don;t hesitate to leave me a comment below.