Created by known trader Jason Alexander, Binary Code Breaker is a Forex trading strategy that is based around trading binary options.
What is the product?
Binary Code Breaker comes in the form of a downloadable 80 page manual (although as it is sold through Canonbury Publishing there is also the obligatory hard copy) as well as a series of instructional videos. Binary Code Breaker has been created with the intention of offering a stable, easy and low risk trading strategy and as such Jason Alexander claims that it will thrive in these conditions. This is claimed to be the opposite of many strategies that thrive in the peaks and valleys of volatile markets. Whilst I can’t go into details about the methods, Binary Code Breaker is based around a well known Forex trading method but instead of having to monitor trades, place stop losses etc. it uses the much more black and white binary options method of trading. According to Jason Alexander, by using binary options you require a successful win rate of just 56% in order to show a profit. This is then followed up with a claim that the average strike rate for traders that beta tested Binary Code Breaker had almost 70% of their trades “win”. Binary Code Breaker is claimed to be easy to use, allegedly requiring seconds to see if a trade will produce a profit.
What is the investment vs. the rate of return?
As mentioned, Binary Code Breaker is being sold through Canonbury Publishing on behalf of Jason Alexander with the cost set at £247. This does however come with a 60 day money back guarantee so should you find that you are unhappy with Binary Code Breaker, you can at least claim a refund. When it comes to the rate of return, Jason Alexander claims that using £20 stakes and making two trades per day you would make £219.20 per month if you achieve the 70 % strike rate. This figure is mostly down to how binary options operate as you will usually get about 85% of your stake as your winnings.
Does the product provide value for money?
Given the high cost and the relatively low yield that Binary Code Breaker offers, I don’t believe that it does really provide value for money.
The strategy that Binary Code Breaker uses isn’t a bad one. It isn’t anything new and if you have traded with Forex before now, it certainly won’t be anything new to you. My issue with Binary Code Breaker is in the use of binary options which are frankly, more akin to gambling than investing. If you are looking to get started in Forex, there is nothing that you will learn “trading” binary options and in this regard, what might have worked as a beginner’s strategy to Forex trading is lost. With that in mind, I would recommend avoiding Binary Code Breaker, regardless of your experience in Forex. I am simply of the opinion that binary options present too much of a risk.