Johan Strand wants you to make $20,000 every day with the Blazing Trader app. Is that because he's such a good guy, or because he deserves to be in a padded room? This review will take a look at all of the claims made by Blazing Trader and help you to make up your mind. I want you to get the best information about this auto trader, there is no use in you wasting $250 on something that will in all likelihood not work. So let's dig into this review without further delays.
I was quite surprised when I saw that Johan Strand was promising right off the bat that you will be making $440,000 every single month that you use the Blazing Trader. That's quite a lot of money to promise us! They also make it very clear that you will make that type of money each month. This is the type of thing that immediately makes me wonder about a new binary options auto trader.
You see, normally a system would not go around making claims like that. However, sometimes you get cases where the marketing guys go a little overboard with their product statements, because of that, I try to not immediately judge a system like the Blazing Trader as a scam. Some systems are just a little over-eager to introduce their system, and because virtually all the new binary options systems use these tactics, sometimes people get carried away a bit. I get that, so let's cut them a little slack and let's dig a little deeper.
The next thing I picked up on was the countdown timer with the limited number of seats that are available to sign up for the Blazing Trader app. Mine said only 34 seats when I loaded the site, and it started counting down almost immediately. Then I refreshed the browser, and what do you know, it got reset! So now we know that it's fake, and that makes it strike number two against the Blazing Trader.
Johan Strand starts piling things up by having us think about what you would do with $20,000 each day. That's a lot of money! They ask us to think about all of the things we would buy, expensive cars, or beautiful houses. All of a sudden the Blazing Trader sounds more and more like a scam, and less and less than a legitimate trading system.
We are told that Johan Strand is actually a very clever guy. He supposedly worked as a professor at the department of applied mathematics at the National Institute of Technology in Zurich, Switzerland before getting involved with the Blazing Trader scam. He also tells us that the did “important work” with Princeton University, all of this of course only to impress us. I spent a lot of time trying to track this guy down, and I found no evidence that he ever worked at the National Institute of Technology, or that he did anything for Princeton.
The particular type of work that Johan Strand was apparently busy with is called heuristic logic minimizers, and that is a real thing. Of course it doesn't really have much to do with trading binary options, but it sounds super impressive. I guessing that's why they mentioned it, they're trying to impress us with big words. If you are really interested in that, you are welcome to read up about it here: http://www.cs.ucr.edu/~vahid/pubs/dac03_oclm.pdf
So that part of the Blazing Trader app video is not made up, but after reading through a number of articles and papers on the subject, I still fail to understand how it could be applied to binary options trading in particular. I guess that's the point, it just sounds very impressive and they're hoping that no-one would look into it too much!
His brother, Lars Strand, was the person that introduced him to binary options trading. He was apparently already making some really good money with his trading methods, but the system was not perfect. They apparently still had to do some work before the Blazing Trader app could be released to the world. Tell me you haven't heard that one before! While Johan was visiting him, he noticed that what he knew about heuristic logic minimizers could solve the algorithmic problem that Lars had to optimize his trading. Or at least, that's what we are told. The two started to work together, and we are told that the Blazing Trader app was the result of their collaboration.
Blazing Trader with Funky Math
This is where things get really weird and the Blazing Trader app loses any resemblance it had to reality. Johan Strand wants us to believe that they were able to get the accuracy of their Blazing Trader software up to 93%. That level of accuracy is simply not possible for an automated software trader, heck, it's not even possible for a professional trader to achieve that level of performance consistently!
The part where I became completely convinced about the fact that Blazing Trader is a scam was when Lars said that you “break even” on the remaining 7%. This is supposedly due to the fact that during the dying milliseconds of the trade the system detects if it is going to be a losing trade, and then it quickly enters a trade in the opposite direction. They claim that this “trick” used by the Blazing Trader app effectively cancels out the losing trade, leaving you with a break-even position.
Well, the bad news is that with binary options that's simply not possible. This is because you get between 75% and 85% return on your investment. So if you trade with $100, and you are correct, you get back your $100 and an additional $85. When you are wrong, you lose $100. The claim that you can break even therefore does not make sense, since you will always be short at least that %15.
This type of trade where you take opposite positions is possible, and when done right, you can actually double your profits, but it can never be used to fully wipe out a loss. You will always have a shortfall of between 15% to 25% which is still a great way to minimize your losses, but it is not perfect.
Blazing Trader Scam Final Thoughts
The fact that the Blazing Trader scam claims that you can totally wipe out your losses in this way is therefore very misleading. They completely overstate the amount of money you can make by saying that you can make $20,000 each and every day. They have countdown timers that are fake. Johan Strand cannot be verified as having worked at the places he claims, even though it should be easy to track down an academic with such an impressive background.
All of this put together makes it very easy for me to conclude that Blazing Trader is a scam. There are no redeeming points that I can identify, so the wisest course of action would be to steer clear of this auto trader. That does not mean that there aren't good trading systems out there, and we have already done all the hard work for you. Take a look at these alternatives to find something that will work better for you.