Can You Make $500+ a Day with My Binary Recoded?

Yes, it may be true that money can’t buy you happiness, but it certainly doesn’t hurt to have a few “extra” dollars kicking around in your bank account. It’s even better when you have several hundred or even several thousands “extra” dollars at your disposal, especially when it doesn’t take as much effort as you may think to get that there.

And that’s fundamentally the idea behind My Binary Recoded. As we make our way through today’s review, we’ll have a look at this “step-by-step system for generating at least $500 a day guaranteed.” Does it really live up to its claims? What do you have to do to rake in this kind of dough?

A Free Method to Cheat the Odds

When you look at most of the “get rich quick” schemes on the Internet, they start with a longer sales letter that eventually gets to the real pitch where they ask for your money. They try to sell you into a system for several hundred dollars and then it turns out that it doesn’t really work. That’s not really the case here.

The main difference is that this “method” is 100% free. It doesn’t cost you anything to “buy” into the program, because the person behind the site is willing to give you all the steps and tools that you need free of charge. The kicker is that he claims that this system has been proven and that he is able to make over $700,000 a year working just four hours a day from the comfort of his home.

Earn At Least $70 Every 60 Seconds

After you’ve entered your name and e-mail address on the main My Binary Recoded page, you will then be redirected to the next page where the step-by-step guide is provided.

You’ll see several videos along the right sidebar, including multiple testimonies of success. According to the guy behind the site, he’s had people made some serious cash using his program. He had one woman make $5,000 in one month and another guy who made over $23,000 in three months.

Does this sound too good to be true? What is this magical system that will have you earning over $500 every day without any MLM, direct sales or recruiting? As it turns out, it’s something you’ve likely seen before.

The Binary Trading System

And here we go again. If you’ve been reading John Chow dot Com for a while, you’ve probably seen some of my other reviews where I talk about other binary trading systems. The one here being offered by Dude Gives Advice and My Binary Recoded really isn’t all that different.

You’re trading binary options. You may trade in currencies, stocks, commodities and more. The idea is that you “bet” on whether a starting price will be higher or lower at the time the option expires. You select the “clear” trader’s choice of up or down. If you choose correctly, you repeat the process to keep earning a typical payout of around 70%. If you choose incorrectly, you increase your trade on the next one and “bet” on the same option again. Eventually, the odds catch up to you and you earn your payout.

There is a more detailed explanation when you get to the landing page, but that’s the fundamental idea. We’ve heard it before and it’s not exactly reinventing the wheel. The assumption is that this step-by-step guide is being given away to you for free, because you are encouraged to sign up with one of the “partner sites” to do your options trading and the site owner earns a referral commission.

Is It a Scam?

In the strictest sense, no. As far as I know, this is a perfectly legal practice and there really is the potential to earn a lot of money with a system for options trading. The caveat is that you are necessarily risking your own money with each trade and, while the system says that this risk is minimized with each level, there is still risk and you still need some starting capital. It’s up to you how you want to proceed.


22 thoughts on “Can You Make $500+ a Day with My Binary Recoded?”

  1. Hello Michael,

    That’s really a great idea, I can say. $70 in every 60 seconds! I can say just WOW.

    Thanks for the tip

    1. Edgar says:

      You just have too use a good broker I highly recommend

  2. Deepak Raj says:

    Good to know about this but my opinion is that: there is no easy money. You can make profits easily at a point where you have a huge leverage but not without a solid foundation. And any ‘easy money’ opportunity will no last long without proper value creation for all parties involved.

    Replies welcome for anyone who differs in my point of view.

    1. Wade says:

      There is always a risk with everything. However most of these sites have the “Traders Choice” located beside the option that you are wanting to trade. 70% of the time, these guys are right. It’s something like this: when you see a trade that you want to do, you look at the “Trader’s Choice” reference. If it’s something like 55% say it will go up and 45% say it will go down, I usually stay away from trades that close. Go with something in the 60-70% margin.

      I have lost money, but thankfully, I have made more money than I have lost. I agree with you that there is no easy way to make money online, but this is really close! Even if you’re stupid about trading as I am, you can do this and make money. They have an option for 60 sec trades, which is great because you can get money quicker that way.

      1. Renel says:

        Hey my name is Renel and I saw that you post a review about the binary recoded and wanting to see if it really works.

      2. Renel says:

        can you email me some more info at [email protected] and let me know how you did it because i would really like to try it to see if it really works and what other brokers can you use.

  3. Gregory says:

    “Is it a scam? In the strictest sense, no”

    Why don’t you go ahead and try it yourself then?

  4. Rudy says:

    Well, after a few days of using this new reloaded version of binary code I would have to say that its just as good as the previous version.

    Only stupid people will loss money with this. The only thing you have to do is take your time and think about what your doing and you can make lot of money here.

    It’s free to try out anyone intrested should follow the instructions and give it a try. If you make loads of profit then your next move is to rinse and repeat but this time add funds to your account. They let you test the system so give it a test drive and see how much you can make.

    I lost money with this but ive made alot more than i have lost.

    My opinion is try this a with test drive and go from there

    My 2cent 🙂

  5. I see about money that I get $70 in every 60 seconds!. I feel a power. If I get it I will show.

  6. faisal says:

    It takes time and doesn’t happen over night. John himself says blogging is not a get rich quick scheme!

  7. Wade says:

    Binary Options has been traded in the US since 2008. I have literally made a killing with it too. Over $40,000 in 3 months. I must warn other users though. You must get into a broker site that doesn’t scam you. Most of these will let you trade, but when you go to take your money out, they won’t let you. I use Banc De Binary= to use my trades. Never had a problem with them and they have an office in New York.

  8. Dwayne says:

    Thanks for finally reviewing this thing, I have been bombed by emails on this. To me it just seemed like smart marketers who gave away a method to get a referral fee.

  9. ikechukwu says:

    Lagos Dad Makes $48,000/Month….. How is this possible, because this was boldly written on the site…How can an Honest and sincere person from Nigeria like me Benefit from this binary code …since my fellow Nigerian can make $48,000 ?

  10. Stephane says:

    “Is it a Scam? In the strictest sense, no.”

    So it means, in it’s “not strictest sense”, it’s a scam?

  11. Stephane says:

    Well there are still 28 spots available… I guess no one signed up since this article was posted. lol

  12. Stephane says:

    This is a lot like trading Forex. While you can earn income, it ain’t a business in no way.

  13. Robert Makes Money says:

    This IS NOT a SCAM. I have made just below $3,000 with this since I saw the advert here. I typically don’t do this Trading stuff its my first time. I normally make pocket change from selling information products in the weight loss niche. This is WAY more lucrative and easy. My Binary Reloaded shows you how to do everything plus you can test drive it so there nothing to loss. Only downside is if you stupid you will lose money fast!

  14. Edgar says:

    It’s true you can make good money I run a membership site teaching people binary options. You can get my ebook free.

  15. Stephane says:

    Still, there are more people losing money than people making money at this. It’s quite risky if you’re tight on cash.

  16. tt says:

    SO, what is the key to win. Is that when you enter the trade?? How come probability of winning can go up to 97% if you keep trading in the same one??

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  18. Guestalot says:

    This is the same method as people used on online rouletter tables
    bet on red, if it wins you double your money
    if its black you bet on black the next time
    and keep doubling your bet each time until you do win

    the snag with this is the sites catch on to it
    ive never had some many balls land on the green zero than when playing this way
    its just not a long term sensible way to earn money

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