Binary Trading Blueprint

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Binary Trading Blueprint

Binary trading blueprint is a free binary options system. The tagline for this one is that you are just a few steps away from changing your financial. Sounds like something a snake oil salesman would say.

Today I’ll be providing a brief review and telling you why I think you should stay away from these types of free binary systems.

Binary Trading Blueprint Review

The binary trading blueprint is just like all the other free binary systems on the market. In order to gain access to the software traders have to sign up and deposit money with the type trade broker. From what I read online this broker does not have a stellar reputation thus already hurting the cause of this free binary software.

Obviously if you’ve spent some time on binary today that you know that my opinion on these free binary systems is negative. System like the binary trading blueprint has no place on this website or in your investment portfolio. Just like all the other free binary systems the strategy is never discussed. The only way I’ll get involved in investment is if I have some semblance of an idea of how the software actually works. These binary system developers want us to close our eyes and hope that there is some sort of magic formula.

While I don’t believe that there is a magic formula and so I don’t believe in binary trading blueprint. I will also not be recommending the system to anyone reading this article today. It probably heard me say this before but I just have to say it again. There has not been one free binary system to produce profit. Now you have to ask yourself why would you get involved with the type of system that has never worked before. That sounds like a fools errand and something I would never do and hopefully by telling you this to don’t make a mistake. Thanks for reading this review and I hope it helps you in avoiding a bad system. If you’re looking for a good system spend some time on my website there’s a lot of options and a couple really good ones.

About the Author

John Kane I am a full time binary options trader. I was able to leave my job in the last 5 years and dedicate myself to trading fully. I never thought my hobby and passion would make a living for me but I am grateful every day that it has. My main goal now is to communicate with the binary trading community, contribute to different websites and learn from other traders.

Disclaimer: Binary Today would like to remind you that the content contained in this website is not necessarily real-time nor accurate. Past performance does not guarantee future performance, the above is not indicative and is purely for educational purposes only. Relying on the above for investment, trading or betting in binary options or Forex is not advised unless done so with virtual money only.

Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Trading Concepts: Creating a Trading Plan

Start a business, you need a plan. With no direction or planning for how you’ll make a profit, your business likely doomed. Trading is no different, if you want to succeed, you’ll need to think of trading like you would a business. After all, through your research, skills and ultimately your money you’re making an investment in yourself, which hopefully will produce consistent profits and the lifestyle you desire. This doesn’t happen by accident (at least not often). It happens by creating a plan for your trading, and outlining exactly how you will trade. Creating a solid plan is a key step that all beginning traders should take, as failing to do this will likely result in simply failing.

Creating a plan leaves your emotions out of trading. When you watching your trade turn into a big loss or a big gain your mind can spin, causing you to deviate from the original strategy you had in mind, if you had one. The trading plan takes care of this. It gives you methodical instruction on exactly how to handle each trading situation should arise. It also tells you how to handle multiple trades. As a trader you may want to make more than one trade, but because you are anxious about your other trade you decide to skip out on a good opportunity. Alternatively, you may take on too many trades, exposing yourself to too much risk. A solid trading plan not only tells you how and why you are making trades, but also how you will handle a number of trades (if you so choose).

Probably the main benefit is that when you follow a plan you see what works and what doesn’t, and can monitor your results. Random trades, where you just buy and sell for any reason that strikes you, provide no useable feedback, because yours wins and losses will be as random as the impulses that generated the trade. Only by following a plan can you see if the strategies you are using actually work, or not, so you can make calibrated adjustments to improve.

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  • Binomo
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Before You Begin

In order to create an effective trading plan, you need to consider several things thing before you begin:

  • What style of trading best suits my personality? If you are someone who is low-key and prefers little drama, then you will likely want a trading style that is more in line with swing trading or investing. If you like action, then align your trading style with a more active style of trading such as short-term/day trading.
  • Are you going to trade binary options, stocks, forex, futures, or a combination? Each has advantages and disadvantages; pick your markets(s) so you can create a plan for that market(s).
  • What are your objectives? Why are you trading? Simple saying you want to make more money isn’t clear enough. Define what you want to make, and why–buy a car, buy a house, pay for kids school, etc. Your trading plan is the plan to get there, based on your resources, trading style and how often you trade. How often you trade will likely be determined by the entry and exit rules for your trades.

There are many excellent trading strategies out there, or you can create your own. Some basic entry methods are covered in my recent article Capitalizing on Lower Highs and Higher Lows in Price. Once you find a strategy you like, use this section of your plan to outline exactly how you will enter trades based on the strategy.

Your entry rules outline what market criteria must be in place for you take a trade. Here are some questions to ask yourself to get started. Does an indicator need to reach a certain level to take a trade? Does the price need to break an important level? Do entry signals need to occur on a specific chart, such as a 5 minute, 15 minute, or hourly chart. Do all trade signals get traded, or will you use a filter to screen some trades out? Do you enter exactly when a criteria is hit, or do you wait for a price bar to close before entering?

Think about your strategy, and then formulate exactly how you will enter those trades. If you use multiple strategies, this process must be done for each individual strategy.

How to get out of a trade is arguably more important than how you get in, since your exit is where you make or lose money. Therefore, your exit rules must stipulate exactly how you get out of both winning and losing trades based on your strategy.

If you are trading binary options, your profits and losses are fixed and therefore this section may be quite brief, since your broker essentially exits your trades for you. If you trade other assets, this section can get quite extensive.

You’ll need to determine where you will place a stop-loss order–an order which will close your trade and limit the amount you can lose. Where the stop-loss is placed must be determined before any trades are made, because without it, you don’t know how much you are risking on the trade. Once the trade is in motion, you may choose to implement a trailing stop. A trailing stop moves with your trade, reducing your risk or potentially locking in a certain profit once the trade moves in a profitable direction.

You’ll also need to outline if any profit targets will be used. Profit targets are pre-established price level or percentage-return levels at which you close your position (or part of it) to realize a profit.

You may choose another exit method, such as exiting simply when the criteria that got you into the trade disappears. If you entered because a trend was in place; when the trend breaks that could be your exit.

Outline your method for exiting profitable and losing trades, in fine detail, for any scenarios that may arise.

Money or risk management is the most important aspect of the plan. A basic rule for money management is that you shouldn’t risk more than 1% of your trading capital on a single trade. This is why you must determine your stop-level in the Exit Rules section. Once you set a stop-level, you know what your risk is.

Once you know your risk, you can determine how many contracts or lots you can buy. Managing your position size is crucial, as buying too much can create additional risk, while buying too little may make it difficult to reach your objectives.

In this section also consider whether you can take on multiple trades, or only one at a time. If you take on multiple trades, can they be correlated? If two assets are highly correlated, and you buy both of them, you are essentially taking the same trade, and doubling your position size. Consider these factors, and outline exactly how you will manage your money, risk and positions in order to reach your objectives.

Creating a trading plan will take time, but is well worth the effort. It should be very detailed, and at absolute minimum contain the sections discussed above. As you trade, things you didn’t consider will occur, and you’ll need to go back and tweak your plan. Once your plan is profitable though, avoid tinkering with it. The point of the plan is make your trading systematic, so you see what works and what doesn’t. If you constantly change the plan it won’t have time to show you if it is really working or not. Take the time to make a plan, because lack of planning leads to trading failure.

7 Binary Options

With the tagline of “Design Your Own Destiny”, The Millionaire Blueprint is an extremely popular binary trading platform. Upon first glance at the site, you are met with the introductory video that details the platform and gives examples of traders who have had success trading with this automated binary trading robot.

We were intrigued by the overwhelming claims on this site so we felt compelled to do a little investigating. We have heard talk that this platform can earn you up to 100% profits on your binary options trade. But after checking it out, we have our doubts.

Are these tales true or just another scam? We will discover the truth behind the Millionaire Blueprint System in our extensive review below.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 100%
Minimum Deposit: $200
Countries: All nations

  • 100% Automated Software
  • High Ratio of Successful Trades
  • Excellent Customer Service
  • Stable Internet Connection is Required
  • Too many promises with too little results
  • Many negative review by other traders

7BO Verdict:

Not Reliable Service

Is Millionaire Blueprint System A Scam?

Walter Green, the founder of the Millionaire Blueprint, claims his system has achieved success rates that remain untouched by other binary trading platform. A huge number of traders are switching to this platform because word is getting out of their high success rate. In a short time frame, Millionaire Blueprint has enlisted hundreds of new users.

As an incentive for its users, Millionaire Blueprint offers a “secret” eBook for their register users with insights into how to profit on their platform. The eBook is an extremely useful tool as it has helped many traders have success in the binary options market.

Millionaire Blueprint Testimonial Stories

We will simply provide you with some food for thought and let you decide whether it seems real or not.

One of the Millionaires Blueprint creators, Mr.Green, invites a trader to register with the software in question. More than that, he invited him to the office to show how to register. After going through the whole registration procedure, he gives this trader free deposit to invest on his account. Soon after, he asks the said trader to check his account balance. On the screen, we see that his trading account now has $30.000. No more information provided.

Seems realistic, doesn’t it?

We have gone through the whole website with all the information provided there and found quite many things that made us suspicious and concerned. We simply don’t believe that this is a trustworthy software.

Front Page

When you first open their website, you immediately see the front page that displays their sales video. This page was specifically designed so that it appears to be very trustworthy and professional, showing the content that positions their product as the most recent binary options tool that is easy to use and earn great amount of money, way greater than from any other methods currently available on the market.

The front page of the Millionaire Blueprint website contains plenty of different types of information about the platform’s services provided as well as almost every product offered. A trader can also read about the creators of this so-called fantastic binary options software and see their office location on the map.

Fake Video Testimonial

Rather expectedly, Millionaire Blueprint displays a whole lot of fake video testimonials, supposedly from their users. But once you watch a few of them, you are starting to notice a very clear pattern: praises, promises, unrealistic forecast as to how much you can earn here. All very similar to million of other scams out there.

How Much Does Millionaire Blueprint Cost For Its Traders?

To be quite frank, we have seen many binary trading platforms that claim they are totally free and in fact were quite costly, as you are required to pay a deposit before you can have access to the software. Also, a lot of the platforms are not nearly as reliable as they claim to be. Anytime a platform claims to be free it always raises concerns regarding its safety and reliability.

The Millionaire Blueprint trading system is a free software platform which means there is no charge for the software itself. However, every trader knows that in order to have access to the software, you must register with one of the brokers recommended by the platform. There is a deposit requirement of the standard $250, which goes directly to the trader to use for trading binary options.

Millionaires Blueprint Parades An Unverifiable Office Location !

In case you don’t want to waste your time on watching their fake video testimonials, you can just proceed to the first page of the Millionaire Blueprint website and see the sales pages with all its data displayed so proudly.

Some points about the software and the website:

  1. The design is attractive and quite user-friendly. But this is also a negative point, as many people buy this as a sign of a reliable and trustworthy service. It is easy to confuse good design for a valuable product.
  2. On the other hand, the video is not exactly very well-made, with many defects and unprofessional editing. You can see that not much thought has been given to it as the creators were probably in the rush to create as many as possible in a very short period of time.
  3. Coming back to the website, there are some elements that we particularly found quite annoying and way too pushy. Definitely the email capture is one of them as it simply looks cheaps and not believable at all. Than there are fake quotes from big various important people who are well-known in the binary options trading world.
  4. And then there is of course attention-catching invitation to register for using this software. According to the website, the business with its whole team and the office is based in Ohio. However, no matter how hard we looked, there is no confirmation of any physical address to know if this is true.

After observing all of this, we finally turned our attention to the FAQ section to see if any of this can be clarified there. Many websites make it useful, but just as many scams provide even more unverified and simply fake information in this part of the website. Unfortunately, Millionaire Blueprint confirmed our fears, as many questions were simply duplicated from somewhere else. Very familiar pattern if you have seen enough scam websites before.

How Does The Millionaire Blueprint System Work?

The Millionaire Blueprint claims has a wide variety of opportunities available for trading binary options. It offers its investors the chance to max out their profits on their trades. The system is controlled solely by the automated pilot which means once you set the desired perimeters for your trade you won’t have to do anything else.

Supposedly, you simply have to decide which types of trades you want to perform, the number of trades you want to execute that day and the amount you wish to bet on each trade and their system will take over from there. Suspicious, to say the least.

The Millionaire Blueprint trading platform is run strictly via autopilot as it executes trades by following the guidelines set by the user. The system will search signals after analyzing the conditions of the market. If it finds a successful signal, the system will automatically perform the trade. If this trade is a success, the user will earn a profit. On the other hand, if the trade is not a success, the loser will lose their initial investment. However, with the high success rate of the Millionaire Blueprint, there are very few chances that traders will have successful trades.

Screenshot

How To Get Started With Millionaire Blueprint

  1. Sign Up For Free: Simply create an account to get started. The signup process itself is free, but once you establish an account you will need to fund the account before you can begin trading.
  2. Make Trades and Turn Profits: The trader will need to choose which assets they would like the system to trade for them. All of this is done by an automated pilot. You can expect high success and large profits as this software has a very profitable success rate.
  3. WithdrawalYour Earnings: Once the system has generated some successful trades on your behalf, you will be able to make withdrawals on your winnings and transfer them to the account you have chosen when you activated your account.

One hundred cash generating software is not available

Something else that the software creators claim every time they have a chance, it’s the supposedly 100% guarantee you will earn money with their product. As we said already, there is simply no such thing as no one can possibly promise you this. There is no hundred percent guarantee on the binary options market. Or any other trading market, for that matter.

Claiming that you can earn every time and never lose just calls an experienced attention to the fact that this is a scam that doesn’t know the very basics of trading. No doubt, there is something sketchy about this kind of promises.

The creators also claim the tool is absolutely free. This is simply not true, as nothing is free in life. To use it, you need to sign up and pay a deposit to a broker of their choice. The deposit is usually as high as 250 dollars and you will most probably never see that money again.

Customer Service

Millionaire Blueprint announces on its page that they provide 24/7 customer support service to their users. A trader can get in touch simply using live chat or their email. As for the live chat, real experts are available for consulting the newly arrived trader to help them better understand the product and answer andy of their questions or concerns. There are multiple languages available in the customer support portfolio.

Special Features

Millionaire Blueprint is well aware that there is a lot of competition in the binary options trading market. They know that they need to offer their traders special and unique features to make their platform rise above the rest. We believe that one of the best features of this platform is that it is fully automated so there is not a lot of effort required on the part of the traders.

We also feel that based on their highly technical algorithmic designed to read signals and then accurately and quickly places trades is a benefit of the trading platform. As you can see though, nothing extraodinary compared to other binary options robots.

Millionaire Blueprint Accepts 7 Members Only

Another lie that many scams on the market tell to their users that there is a very limited number of users they can accept for using the binary options system. This illusion of being special, chosen user that will have access to all the secrets of how to be rich and successful sells very well for sure. After all, if you don’t use this opportunity, someone else will do it for you!

According to the Millionaire Blueprint, they will only accept 7 members. Which is weird, since it’s been around for a while and we have certainly seen many users complaining about it online. So I guess it’s been more that seven after all!

Conclusion


Millionare Blueprint is not safe.
We strongly feel that traders will find all of the features on Millionaire Blueprint difficult to understand and quite frankly mediocre. We feel it is not worth investing in this platform when trading binary options. There are many better choices out there and we advise you to opt for them instead of this robot.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

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