Profit In 60 Seconds Review – Is It Boss or Bunk?

risk-free money claim debunked by the bossesIf you have spent much of any time on this site then you probably know that we aren’t very big fans of the “get rich quick” type mentality. And unfortunately, it did not take us long to discover that the profit in 60-seconds software and system was actually much worse than your typical, falsely hyped get rich quick scheme. And those are bad enough. But it gets much worse than that. We had a feeling even before really trying this out that it was probably a scam system of some variety, but we were receiving so many questions about it that doing a full profit in 60 seconds review became a must. And exposing scams is just as or more important than highlighting the “Good Guys” we find out there. Few and far between for US-Based traders these days…

(Important Update 13/06/2016: There are actually a bunch of these scam products/systems launching lately that operate along almost the exact same lines as this one. One of the more visible ones is called the “Get Rich In Seconds” system. But they are all basically the same scam service/product discussed here, and operate the same–or very similar–at their core. We tell you how you can protect yourself and spot these “Bad Apples” anywhere in our older article: “Binary Options Scams – How To Protect Yourself” )

Okay, where to even start with this particular garbage. Well, first of all we can tell you right off that this is nothing more than a scummy, Profit in 60 Seconds scam. And we do not use the overused “scam” word lightly around here. However, in this case there is just no other appropriate word for what these guys are doing.

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Read The Full Profit in 60-Seconds Review…

profit in 60 seconds review website screenshot

Let’s start with the sales page itself at www.profitin60seconds.com (which we will not link to). Essentially nothing on this page is truthful or accurate. Nothing. Nobody has ever voted it #1 anything. Nor has any neutral party ever “verified” the accuracy or profitability of the system like it claims. In fact it is quite the opposite. Those that have used this system and “verified” its “profitability” have consistently reported that it results in losses, not profits.

The next outrageous and inaccurate claim which they make is that you can either purchase the system for $997 (yeah right, no thanks), or get a one-month “free” trial. This is a flat-out lie. It turns out that even if you want to purchase the system without going through the trial, you can’t! That’s right, it is not even legitimately for sale. It isn’t even setup and capable of accepting payments. The “free” trial is in reality your only option. Not that you would want to pay a grand for this junk anyway.

Now that we know that you can’t even buy the system if you wanted to, what is the point of giving away a one-month “free” trial? If you can’t purchase it at the end of the trial how can they even make money? Well, they are able to make money because they are lying to you and scamming you, that’s how.

profit in 60 seconds scam report - landing page lies

At this point you may be wondering exactly how this works. How can they be scamming anyone with a “free” product? Here is how the profit in 60 seconds scam operates. The “free” trial isn’t really free. In order to get access to this “free” trial you must open an account and deposit funds with one of their partner brokers. They have agreements with these brokers who then pay them for every customer they refer. Now, there is nothing wrong with affiliate relationships by themselves, but affiliates like this are scum  of the earth and give all affiliates an undeservedly bad name. This is a basic affiliate scam. They trick you into thinking that you will receive a valuable product just for opening up an account which most would need for trading anyway. But the product is crap. Luckily for them it doesn’t matter how bad the product is because they make all their money before you ever even lay eyes on it. The exact opposite of what they want you to believe. This kind of crap just makes us really angry.

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It hardly needs saying, but as for the software and system itself, it is total and complete garbage. You won’t find so much as a single real person (i.e. not someone promoting the product) that has profited with this system. What you will find is lots of rightfully angry people who got scammed by these scumbags and lost money. In summary, stay far away from this product. The Profit in 60 seconds system is only profitable for those who are pushing the product.

We are really hoping that this Profit in 60 Seconds review will end up saving some people some of their hard-earned money. Not to mention the anger and frustration that comes along with being ripped off.

0/5 Stars = Complete Binary Option Product Bunk.

Simple But Effective 60 Second Binary Options Strategy

A Simple But Effective 60-
Second Binary Options Trading Strategy

BinaryMate Accepting USA Clients and Customers With a Great PlatformIn the past we have often made reference to trading our 60 second options contracts in sets of three, which we refer to as a “series”. We have found this to be a simple but effective 60 second binary options strategy which can help you to become a more profitable and successful trader of these contracts. In our experience this has shown itself to be the best way to trade 60 second binary options.

First things first though. This concept should be one part of your overall 60 second binary options trading strategy. It should not be exclusively used by itself, and instead should be incorporated into all your 60-second trades and larger, overall trading strategy. It will be much more effective when used as part of a broader strategy. By using this very simple and easy to carry out strategy, you will almost certainly become a more profitable 60-second options trader. How to trade 60 second binary options is probably one of the most often asked questions which we receive so it was time to get this down in writing.

finpari 60-second binary option strategy for turbo trading platform

This is an effective 60 second options strategy — despite its simplicity — because by trading these contracts in sets of three, purchased roughly 10-20 seconds apart, you will “dampen down” the inherently volatile and unpredictable nature of such short-dated contracts. It acts as an averaging mechanism that dampens some of that random “noise” which can have such a large effect on 60-second contracts. Certainly nothing revolutionary here. Nevertheless, it is effective and we do definitely recommend its use as part of your overall 60 second binary options strategy.

Our Simple Yet Effective 60-Second Binary Options Trading Strategy

  1. Should be used as part of your overall 60-second trading strategy.
  2. Each “series” trade will consist of three (3) identical contracts, purchased 10-25 seconds apart.
  3. Each contract in the series should be purchased for the same amount.
  4. Volatility determines your purchase intervals. As volatility rises, so too should your spacing intervals.
  5. The default spacing is 10 seconds and should be used the majority of the time.
  6. When volatility is particularly high (for your chosen asset, not across the board) you should lengthen your intervals to between 15-25 seconds.
  7. Your intervals should never exceed 30 seconds, as this will allow your 1st contract to expire before your 3rd is even purchased.
  8. The exact spacing is not critical so long as the above guidelines are strictly followed. As you practice with this method you will get a feel for the spacing under various market conditions and get better at it.
  9. That’s it!

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trade showing a ctoption 60 second binary options strategy trade
As we’ve said a few times now, simple but effective. Surprisingly effective. It is, of course, no magic bullet and will not by itself make you rich trading 60-second options. But we have used this method as part of our own 60-second options strategy for over a year now (though not 100% of the time), and have no plans to stop using it any time soon. It has measurably improved our profitability in this contract type and we are confident that it can do the same for you. Give it a try to see for yourself. We think you’ll be glad that you did. The are now many brokers offering 60-Second, “Turbo”, and ” Short-Term” binary options contracts. We have, however, put together a short little list of OUR Choices for 2016 for the top binary options brokers offering 60-second binary option trading. Including “Turbo”, “Hyper”, etc. Type contracts

And as always, we wish you the best of luck in

Ladder Binary Options – The Ladder Option Explained

Ladder binary options are an interesting new contract type that offer a unique risk/reward profile and trading opportunities. These options are quite different from any other kind of binary option contract but are still relatively easy to learn and use. They are, however, currently only offered by a small handful of brokers (we will cover a couple of the best ones at the end of the post) and there is not much information about them out there. Hopefully we can contribute to rectifying this at least a little bit with this article.

Definition of Ladder Binary Options

An option contract that locks-in gains as the underlying asset price reaches predetermined levels (or “rungs” on the ladder), returns rising with each step up. This guarantees at least some profit even if the asset price ends up declining back below those levels before expiry (Source: investopedia.com).

Finpari best ladder options trading platform

This new type of binary option contract was first introduced to the market by IG Markets, a predominantly CFD (Contracts For Difference) and forex broker that offers some binary trading. Odd that it came out of there but that’s what happened so there you go. While these options have been gaining in popularity they are still relatively little-known and not very widely available at all yet. Obviously bland definitions only get us so far in understanding what these option really are and how they are traded though so let’s get down to business.

The fact is that every broker who does offer these options handles them somewhat differently and we can’t cover every variation in this article. What we can do, however, is show you how they are generally structured and traded. Any variations from what is described here should be relatively minor.

What Are Ladder Options?

Starting with the basics and picking up where the definition left off, a Ladder binary option is a type of binary option contract in which you are presented with a range of price levels at equal intervals (ladder rungs), combined with various expiry choices. And, of course, Call or Put options. Sound confusing? It does to me. Luckily, it isn’t actually as confusing as it sounds.

Ladder binary options trade example image

Example Ladder Binary Options Trade

For our hypothetical example trade let’s assume that we are bullish on Google overall, and expect a rise today specifically, thanks to a positive earnings report after market close yesterday. Prior to market open the price of Google stock is $1,123.00 and we decide to open a position using the ladder binary options contract offered by our broker.

The first thing we will have to do is choose an expiry time. We want to give it some time to act so we choose the latest expiry for the day at 23:00 GMT. Once we choose our expiry the fields showing your broker’s offered return rates will be populated. In our example we would have something that looked like the following.

Google – Above/Below @ 1,138.00 – 470%/07% Return
Google – Above/Below @ 1,133.00 – 321%/18% Return
Google – Above/Below @ 1,128.00 – 175%/56% Return
Google – Above/Below @ 1,123.00 – 78%/124% Return
Google – Above/Below @ 1,118.00 – 23%/276% Return
(The 1st # being the return for Above, the 2nd for Below)

This table is roughly what we might be presented with given the above outlined parameters. Now we just choose our trade(s) based on the offers from our broker for that expiry. If we think, for instance, that Google will at some point during the day reach a price of 1,133 then we would choose the Call (or above) option which is offering a 321% return rate. Now if at any point during the day the price of Google stock so much as briefly touches that 1,133 level, we would receive our 321% payout. Even if the price falls below that level — or even below our entry-level — prior to expiry we would still receive that same high payout.

CherryTrade newly offered ladder options trading starting early 2016

Once you reach a ladder “rung,” the return rate associated with that rung is locked-in no matter what happens afterwards. This makes ladder binary options somewhat similar to the more widely known one-touch binary options offered by many popular brokers. Somewhat similar, but also quite different. For one thing, Ladder options can be traded any time markets are open, not just on weekend like one-touch options. The other big difference is the “stepped” nature of the return rate on these contracts as opposed to the single, large payout on a “long-shot” one-touch trade.

Unfortunately, we can’t really get any more in-depth than that regarding these options due to the fact mentioned earlier that each broker who offers them does it somewhat differently. These contracts are so new at this point that they have not yet been standardized across the industry. This will surely happen in time as ladder options continue to gain in popularity. But for now, you will have to consult individual brokers for more detail than that provided here.

Currently the most popular and reliable brokers offering these contracts are:
#1 Finpari – (4.86/5.00) – Gladly Accepts US-Based Traders! (Including ourselves!)
#2 CherryTrade – (4.13/5.00) – Also Happily Accepts US Traders!
#3 TradeRush – (Read Detailed Traderush Review Here) – Sorry…No US Allowed 🙁