About Millionaire's Blueprint
Developed by Walter Green, Millionaire’s Blueprint is a fully automated binary options trading tool that’s claimed to help you “easily build the most powerful trading portfolio, for free.” And perhaps best of all, Walter claims that Millionaire’s blueprint is so easy to use that you can make as much money as you want, without previous knowledge or skill.
In fact, by starting with a $250 account and making 10-15 high probability (90%+) trades per day, if all your trades are accurate, Walter claims you could make $3K to $7K per week (we’ll talk more about this in a moment), and reach millionaire status in as little as 3 months!
Because of its simplicity and accuracy, Millionaire’s Blueprint is claimed to have created 152 new millionaires and generated more than $189 million in profit to date. And you’ll never be far from your dashboard, since the Millionaire’s Blueprint software can be used at any time and anywhere in the world with an internet connection.
If you’ve been thinking about dipping your toe into the world of online trading, all the hype and big promises made by Millionaire’s Blueprint might seem like a no-brainer. But are you being lied to?
We’ll find out shortly, but let’s first start with the basics and briefly discuss binary options.
The Basics of Binary Options Trading
According to Investopedia, a binary option is defined as:
A type of option in which the payoff is structured to be either a fixed amount of compensation if the option expires in the money, or nothing at all if the option expires out of the money. The success of a binary option is thus based on a yes/no proposition, hence “binary”. A binary option automatically exercises, meaning the option holder does not have the choice to buy or sell the underlying asset.
In simple terms, when trading binary options, you basically only have 2 options: “Put” or “call.” A put means you’re betting that the price of the underlying asset (whether stocks, commodities, or indices) will decrease in value, while a call means that you’re betting on an increase.
For example: If you think that the price of silver will increase in the next minute, you can place a call. On the other hand, if you think Apple’s stock will decrease in this same period of time, you can place a put.
If you ultimately make an accurate bet, you’ll then be paid out a certain amount based on your brokerage agreement (more about this in the Pricing section).
Is Trading Binary Options Risky?
Like any other form of trading, the short answer to this question is: yes.
However, if you only skimmed through the Millionaire’s Blueprint website, you could be forgiven for thinking otherwise. After all, you’re led to believe that the software is a sure thing, and that you’ll be joining the millionaire ranks in just a couple short months.
If you read through Millionaire’s Blueprint’s Disclaimer though, they spell it out in plain English: “Trading in Binary Options is speculative and involves a high degree of risk and can result in the loss of your entire investment.” Just what kind of speculation are we talking about here?
The definition of speculation is “ideas or guesses about something that is not known.” In other words, returning to the examples used in the previous section, unless you’re aware of some major announcement regarding the price of silver or Apple stock, it’s almost impossible to accurately speculate which way prices will go in such a short time period. You’re basically tossing a coin as to whether or not you’ll be right.
And while you might think this means you have a 50/50 chance of making an accurate guess, the reality is that it’s much more complicated, and the odds aren’t in your favor.
With all of this in mind, statistically speaking, it’s extraordinarily unlikely that you’d consistently make 90% accurate trades for any period of time, and even less likely that you could continuously do so for 3 months, as claimed by Millionaire’s Blueprint.
Despite the fact that all the cards are stacked against you, is Millionaire’s Blueprint worth your money?
Millionaire's Blueprint Pricing & Fees
Although Millionaire’s Blueprint claims to provide you with free access to their software, this is only a half-truth. Why?
Because, while entering your name, email address, phone number, and choosing a password on the Millionaire’s Blueprint website won’t cost you anything, this probably won’t give you access to their software. Instead, they’ll pass your information along to one of their “trusted brokers,” who will then contact you about opening an account with a minimum $250 deposit.
Only then will you be given access to the software, which, other than that it makes 1-minute trades and includes recommended signals and binary trading education tools, we’re told next to nothing about.
Important note: Whatever your brokerage agreement ultimately stipulates, keep this in mind: While you might lose your rear end trading binary options, your broker almost always stands to make money. In other words, like most forms of gambling, chance (and the ability to make money) is always in favor of the house.
Bottom Line: Can Millionaire's Blueprint Make You a Millionaire?
With so much hype and so little useable information, it’s impossible to say whether or not Millionaire’s Blueprint will work as advertised. However, any time you encounter someone selling you a “instant millionaire package,” you could reasonably assume they stand to make more money from the transaction than you.
Despite this warning, if you decide to join the ranks of binary options traders through Millionaire’s Blueprint, keep in mind that this is a highly volatile form of trading. And like any other form of trading, the less knowledge you have the more likely it is that you’ll end up losing your capital.
In fact, using the information gained from Millionaire’s Blueprint, Is-Scam.com’s testers found that everyone lost money—including their initial investment—regardless of how they placed trades with the software.
And in our opinion, you can expect to experience much of the same with Millionaire’s Blueprint.
Millionaire's Blueprint is a Scam
Recently browsing the web, I saw an interesting post about the Millionaires Blueprint. Unfortunately it was too late for me, and when I found out just how bad it was, I had already lost about $3,000 with Big Option. I was never able to recover my funds, and eventually had to ask my family for help. Please avoid it.
Bottom Line: No, I would not recommend this to a friend