7 Figure Club – SCAM!!!

The 7 Figure Club is a total SCAM, and I’ll tell you exactly why you should stay away from it.

Full disclosure: We get paid a commission fee if you sign up using any of the links on this site.

When you load the 7 Figure Club site, at the bottom left you will see there is a little count-down that says that there are only 10 spots left. That counter starts eliminating the “spots left” very rapidly until there is only 1 spot left – and of course the guys from 7 Figure Club want you to believe that it is your last opportunity to get in and make money. But hold on a minute.

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The joke is that if you simply refresh your browser, the spots that are left magically resets to 10! It’s actually kinda sad, c’mon guys! So basically 7 Figure Club is just lying and trying to get you to sign up as quickly as possible without thinking.

Here’s another thing, they claim that they will make you one million dollars in only 27 days. Now, is it possible to make a million dollars trading binary options, yes, I totally believe that is possible. You need to be pretty good and very dedicated, and you must have a broker that can handle really high trade amounts, but $1 million in 27 days is impossible.

7 Figure Club Scam

If you were able to do that, you would need to place at least 10 trades every day and put down $8,000 on every trade. Most brokers will never even allow you to trade that much, so you would have to spread it over a number of brokers. In short, 7 Figure Club is a scam and they’re lying. You can make a lot of money with Binary Options trading, but making a million in a month is not possible.

To add insult to injury, when you try to leave the site, they promise they will give you $10,000 just for being on the site, what!!! Imagine how many people are out there, counting their dollar bills that 7 Figure Club sent them – or are they?

Binary Options Scam 7 Figure Club

Why would they do that? I entered my name and email, and they haven’t even sent me an email from an auto-responder, and of course no $10,000!

Here’s something else you will see on their site, they show you a list of names and how much money they’ve just made, so that’s legit, right? Wrong!!! Take a look at the screen capture below. When you know a bit more about how sites are made, you can take a look under the covers, and that’s what I am showing you here.

7 Figure Club Scam Fake Winnings

When you take a look at the code behind the site, you will see that they simply have a list of names, and a random number generator that shows fake winnings of made-up members!

It’s not real people!!! If it was real, they would not have needed to do all of this, all they want is your money, stay away from 7 Figure Club, it’s a SCAM!

If you do want to learn how to actually make money, rather get some training from the guys at OptionXE, and if you want some help with when and what to trade, check out their OptionBot 2.0 service.

Trade safe!

Bloombex – Broker: No USA Traders

Bloombex-Options Summary:

  • $300 Minimum Deposit
  • $20 Minimum Trade
  • $100 Minimum Withdrawal
  • Live Chat Support Available
  • Up to 85% Returns
  • $2,500 Maximum Per Trade
  • Withdrawals Processed Within a Week
  • Established in 2009
  • Will Accept US Traders again soon!

Full disclosure: We get paid a commission fee if you sign up using any of the links on this site.

I’ve had an account with these guys before, and they were always quick and efficient. Bloombex is a Binary Options broker that accepts US Binary Options traders, and in our opinion they can be trusted. They reportedly have over 100,000 customers and they have proven themselves as a Binary Options broker that is here to stay. Withdrawal requests took just over a week in my case. As with all brokers, make sure that you have all of your verification documents submitted correctly.

From time to time they run this crazy offer where you can get up to 7 days risk free trading! If the banner below shows that option, go for it! As always, make sure you understand all of the rules and terms that go with it.

USA (Toll-Free) : +1 866-202-9657

They offer up to 85% returns, they have both iOS and Android mobile trading apps, which look pretty cool – see below:

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Having a mobile app handy to trade with is very useful, and their interface is one of the best I’ve seen.

They really focus on being easy to use, look at the screen capture below, for instance:

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For new traders this would be really useful information, see where it says that the current option is ending soon and that you need to click on “Next option” to select the next available expiry? Not all brokers do that, they often just grey out the CALL and PUT buttons, with no explanation of why you cannot select them. It’s only later when you’re more familiar with binary options that you know you should simply select the next available expiry time.

Their trading layout is also very user-friendly, allowing you to select which instruments you want to trade for easy and quick access. With binary options trading, that is very useful and is something you will appreciate as a binary trader.

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If you’re in luck and the banner shows that they’re still running their 7 day risk-free trading special, you should jump in now while you have the chance!

Using a Hammer to Nail the Market – Candlestick Math

A hammer can be a pretty handy tool, ask anyone from a construction worker to a farmer and even Thor. It turns out that hammer candlestick formations are also very handy when it comes to trading the markets, especially binary options trading.

Full disclosure: We get paid a commission fee if you sign up using any of the links on this site.

I recently came across a video about “candlestick math” by the guys over at Big Mike Trading and I found it to be fascinating, but it’s an hour and a half long, so here’s the short version. You’re welcome to watch the whole thing below if you want.

These are the candlestick patterns that are deemed to be the most reliable candlestick patterns by traders, whether it be Forex, stocks or indices:

  • Harami Candlestick Pattern
  • Hammer Candlestick Pattern/ Shooting Star Candlestick Pattern
  • Engulfing Candlestick Pattern
  • Piercing Candlestick Pattern/ Dark Cloud Candlestick Pattern

These are all strong bullish candlestick patterns when found at the end of a bearish downward move:

candles-1

And these are their equivalent bearish candlestick patterns that are strong when found at the end of a bullish upward move:

candles2b

That’s a lot to remember, so let’s just go with the hammer candlestick pattern.

The really cool thing is that the hammer candlestick pattern is all we need. When the candles for the Harami, Engulfing and Piercing candlestick patterns are combined using some candlestick math, they all end up being hammer candlestick patterns on one time frame higher.

This is what I mean – these end up all being bullish hammer candlestick patterns:

candles-1-combined

Remember that a candle body consists of the open and closing prices, and in this case, we are are combining two candles, and the dotted lines indicate the opening and closing prices of the first and second candles, respectively. When they are combined, they all end up being hammer candlestick patterns. Using the power of candlestick match is pretty cool!

And here we have the combined bearish candlestick patterns:

candles-2b-combined

The great thing about these patterns are that they all clearly show the market movement and struggle between the bulls and bears in the market. For the bullish candles the market moved down initially, and then the bulls took over and pushed the price back up. It means that there is a lot more upward pressure in the market than downward, and when you combine that with the fact that you are looking at market extremes where prices are likely to reverse in any case, you get a strong signal.

Here are some examples of bearish hammers, also referred to as inverse hammer or shooting star candlestick patterns.

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One of the easiest ways of determining if you are at a point where the market is at a potential extreme is to look at Bollinger bands. Typically when prices are outside of the outer Bollinger bands, they are either in an area where they are trending or going to reverse soon.

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Bollinger bands measure how for prices are deviating from the standard, so although it is not entirely scientifically two standard deviations from the norm, it is usually close to the outer 20% of recent price movement.

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When you combine that, with the fact that we have a hammer-based pattern where we clearly had the bulls and bears fighting for supremacy in the market, we know that we have a very good potential trend reversal.

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In some cases, the price reversal might be short-lived, but for Binary Options trading, that is not a problem, as long as you get the direction correct. Another little trick you can use here in cases where the market is obviously ranging, you will see that we had about three candlesticks before it hits the other side of the Bollinger bands, so we could expect it to take roughly the same time to complete the reversal – which it does.

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Here we have a lot of noise in the market, but the moment we see hammer, we know that the market will move up.

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Realizing that all of these candlestick patterns are basically just different versions of the hammer candlestick pattern, makes it much easier to identify what the market is doing, and it also makes it a lot clearer why patterns such as the dark cloud cover and piercing candlestick patterns act to indicate market reversal points.

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