Published on April 24th, 2014 | by John Kane3
Binary Profit Machine
Binary profit machine is a new binary options trading method by Dan Weaver, a 60-year-old scalper who claims to provide a 93% win rate with zero indicators. In a six-year period of development and research this system aims to generate thousands of a single trade.
Today I’ll be providing a review on the system and letting the binary today readers understand ins and outs of this new trading method.
Binary Profit Machine Review
The binary profit machine method uses a signal software that provides traders with entries and exits for trades. The system is based on price action techniques which have been around for years and years.
Despite looking like a product or software for sale after spending more time on the binary profit machine website you will find that it takes you to a free members area. In this members area the goal of the developer is to have you sign up with the market options binary brokerage. After this you are walked through a strategy where you are told to trade with the trend using short-term signals.
The strategy for the binary profit machine is to open a put trade and if you when you repeat that step, if not you go to step three and select another put trade but this time for double the amount of the first trade. This is basically an extremely simple martingale method of trading that can really burn you and I don’t recommended at all. 60 second signals are basically luck and this strategy is like making multiple double or nothing bets when you lose. The entire premise of the strategy is to play the odds. Eventually if you make enough trades and continually raise the amount when you lose you will eventually hit a win. This is all well and good until you go on a large losing streak, this is not trading this is gambling.
I do not recommend the binary profit machine. The strategy is very simple and the entire premise of the system has nothing to do with price action or any of their claims on the sales page. It is a simple martingale manual strategy that in this case is a roll of the dice.
If you something you would like to contribute to this review please leave your comments below. I appreciate hearing what you have to say about the binary profit machine.
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