Blazing Trader Review
Name: Blazing Trader
Price: Minimum $250
Owners: Johan Strand and Lars Strand
Overall Rank: 1 out of 5 ☠
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NOTE: It is critical for you to know I am not an affiliate of Blazing Trader. Rich Artist Starving Artist gives truthful, genuine reviews. My top priority is providing you with quality, entertaining, and informative reviews and I am not influenced by anyone or anything.
People ask me this a lot. Is Blazing Trader A Scam? Here we go again. You bet it is and here’s why.
Blazing Trader is yet another binary options auto trader that guarantees you’ll be rolling in cash in virtually no time at all while leisurely sipping cocktails on the deck of your yacht. Okay, what genie’s lamp did they rub? Seriously? They claim to give you a significant advantage over all the other binary traders and bank 93% of the time. Not!
What Is It?
The software is the brainchild of brothers Johan and Lars Strand. Johan, the scammer in the video, claims to be an ex-professor at the National Institute of Technology in Zurich in the Department of Applied Mathematics. Yeah, right.
It came as no surprise that, after doing a little research on this shyster, I couldn’t find any connection between Johan and the university neither on the official university website nor on Google. Hah!
I am absolutely, 100% sure that Johan is a fake name and everything that spews from his mouth is utter BS! Do you smell something?
Don’t Play With Fire – I Mean Binary Options!
Comparable to a casino, there are a lot more people losing their shirt than winning a luxury lifestyle with binary options. It’s hard to make any money because the financial marketplace is so erratic and the broker has a massive advantage over you. For instance, if you happen to win a trade, you win anywhere from 75 to 80%. If you lose a trade, the broker keeps it all and you’re left with nothing.
I never, never advocate binary options to anyone because most people don’t know what they are doing. They just don’t have the skill or knowledge of financial markets. Likewise, even highly skilled traders who’ve been around the block lose money so this is absolutely not a stable strategy.
If you can’t afford to part with your cash, then don’t even entertain the thought of trading in binary options. The idea of getting rich quick is certainly tempting, but the danger of losing more than what you predict to win is considerable.
Does Blazing Trader Remove the Risk?
The software claims to detect arising patterns in the movement of stock and make trades with a great level of accuracy. Even though the software can identify patterns and compare them with previous outcomes, IT CAN NEVER ANTICIPATE IMPENDING RESULTS!
So, to answer the question, no, Blazing Trader cannot eradicate the severe risks involved. As a matter of fact, they can influence the results and create losses making the process even more hazardous for you.
Sadly, no auto trader exists that can foresee asset price movement and increase winning trades. A lot of these outrageous systems simply line the pockets of unscrupulous promoters and brokers such as PRIZM, Brooks Blueprint and Pay My Vacation to name a few.
Okay, let’s picture what would happen if you made a trade once every hour and then turned around and reinvested all your profit into the next trade.
With a starting investment or $250, 75% return on investment (ROI), 93% winning rate and 7% break even, this is what you would wind up with:
- 2 Losses and 22 Wins
- $31,749,656.51 (utilizing compound interest)
So, rather than $20,000 per day, you should earn $30 million per day if the system actually worked as publicized. No broker could ever afford just one person making crazy profits such as this.
Likewise, when it comes to a trade, there is no such thing as “break even.” With binary options, you either win or lose.
What Does Blazing Trader Get Out Of It?
Actually, it’s rather simple. When you deposit a minimum of $250 with the broker, good old Johan and Lars, the owners of Blazing Trader, make a huge commission.
Check out the payment form …
This is why you get the software for free. It also explains why the internet is overflowing with such worthless software …The more people who trust these scammers and their bogus promises, the more cash flows into their pockets.
The Bottom Line … Is Blazing Trader A Scam?
Blazing Trader is yet another typical binary options scam. They vow you will never, ever lose a trade, but that’s utter garbage as a system will never exist that gives endless cash for doing utterly nothing.
You might as well flush your money down the toilet instead of depositing it into the broker’s account and switching on the auto trader. At least, Johan and Lars won’t make anything off of you. And, who knows, maybe some needy person will find some bills floating in the gutter and buy themselves a meal on you.
So, I hope I’ve answered the question, “Is Blazing Trader A Scam?” Have you fallen victim to a binary options scam? I’d love to hear from you. Simply leave your comments below.
Before you go, I need to ask you a few very important questions …
Are you searching for a GENUINE Online Business Opportunity?
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