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The Lazy Way to Make Money with Day Trading

written by Michael Kwan on April 5, 2012

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A short while ago, I wrote about binary options and how they’re one of the easiest ways to get into day trading. The concept is relatively simple, but how can you turn it into a consistent money maker that puts a steady flow of cash into your back pocket?

That’s how we find ourselves looking at today’s review of Lazy Day Trader. It’s a system that promises to teach you how to “generate $5,000 a week from home.” But is it really that easy? And how much do I need to invest in this system? Let’s find out.

Easy Money In Three Easy Steps?

On the main Lazy Day Trader website, you’ll find that there really isn’t much in terms of navigation. You won’t find an about page, a features page, a buy page, a contact page, or anything of that sort. It’s much more straightforward than that.

At the very top of the page is your main navigation. Looking at this, you really only have to take three steps to get started with binary options and to start earning all that money from your day trading activities. The interesting thing is that this system is free and it doesn’t actually cost you anything to learn it; you will need your own money to invest in the market, of course.

So, What’s the System?

If you’ve ever played Blackjack in the casino, then you might be familiar with this basic premise. The idea is that you start with a base amount for your binary options investment. If that investment comes through for you, then you reap the profit and start again. If that investment doesn’t come through for you, then you increase your investment on the next step and try again, continuing until you’re able to cash in on one.

The video demonstration goes through a more in-depth explanation and a real world example of this strategy being put into practice. Another major component of the strategy is something called the Trader’s Insight tool. In effect, this tool lets you see what all the other traders are doing for each binary option.

Based on this real time information, you essentially jump on the biggest bandwagon you can find and follow the incrementally increasing investment amount. If you look at the the basic guide, there is a little more information about the exact process. How they came up with the 57.4%, 79.1%, 98.9%, and 100% “chance” figures is beyond me. Similarly, I’m not sure how the “magic” figures of $10, $26, $65, and $150 came to be, as I would think that these would have to shift according the relative expected return for each trade.

In any case, that’s pretty much it. The system does feel awfully simplistic and there will be inherent risks with any investment. You also have to realize that many of these binary options are on half-hour cycles, so you will be trading several times over the course of the day, monitoring your profits and losses and trading accordingly. The demonstration shows currencies, but there are binary options for indices, commodities, stocks, and so on too.

How Does Lazy Day Trader Make Money?

So, if Lazy Day Trader is giving away the entirety of this decidedly simple investment system, how does the site make any money? There is just one monetization strategy in place.

On the page for step two and on the last page, there are prominent links encouraging you to sign up for OptionBit. This is the actual platform used to conduct the binary options trade transactions. The key is that both of these links are affiliate links, presumably earning Lazy Day Trader a commission for each new sign-up.

Now, it’s ultimately up to you how you choose to invest your money and with what platform. Taking investment advice from some random website on the Internet may not be the smartest idea, but at least the system described on the site is easy enough to understand and execute.

CLICK HERE TO LEARN THE LAZY DAY TRADER SYSTEM

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{ 23 comments }

cklinkert April 5, 2012 at 10:07 am

81% in an hour? Warren Buffet needs to be alerted to this, he only manages a compounded 20% odd a year

Desiree April 5, 2012 at 10:11 am

I’ve actually already learned this system the other day being redirected from youtube. I’ve been too busy to really go all out on it, but I’ve made $400 so far.

Life Insurance Over 85 April 5, 2012 at 4:39 pm

 @Desiree How long does it take for you to make that 400 bucks?

Desiree April 6, 2012 at 8:23 am

 @Life Insurance Over 85 

Desiree April 6, 2012 at 8:25 am

 @Life Insurance Over 85 Oops sorry sent an empty comment. Anyways….well I had experimented with binary options and lost several hundred bucks and then I start paying more attention to strategies and get tips from the website binaryoptionsdaily.com and then I started regaining my losses and pulled in $400. Took a couple days I guess.

henrylondz9 April 5, 2012 at 2:19 pm

Really interesting, thanks for the post. I’ll have to look into this.

HealthWrong April 5, 2012 at 4:34 pm

I realise that you covered lots of trading topics nowadays. Is trading a new way of making money online? I am a total noob on this and I really need lots of guidance I guess.

Life Insurance Over 85 April 5, 2012 at 4:40 pm

Very interesting topic about day trading. I never know such a wonderful program exists!

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House Cleaning April 5, 2012 at 11:16 pm

I am not expecting from a book to heap me with endless options how to become a millionaire but I think that I can take useful tips and ideas about how to start and optimize a trade business, especailly when I lalready have some brillinat ideas. <a href=”http://www.cleanngone.co.uk/”>House Cleaning</a>

House Cleaning April 5, 2012 at 11:19 pm

I am not expecting from a book to heap me with endless options how to become a millionaire but I think that I can take useful tips and ideas about how to start and optimize a trade business, especailly when I lalready have some brillinat ideas.  http://www.cleanngone.co.uk/

WorkFromHomeGirl April 5, 2012 at 11:36 pm

Really this system must have a decent system. But then I can’t take the risk. 

Nikki92471 April 8, 2012 at 7:43 am

 @WorkFromHomeGirl I’m with you, it seems almost everything out there is risky these days, hard to find something reliable.  I have a blog….http://theblogofwhatif.blogspot.com/….trying to make sense of it all, check it out.

Nikki92471 April 8, 2012 at 7:43 am

 @WorkFromHomeGirl I’m with you, it seems almost everything out there is risky these days, hard to find something reliable.  I have a blog….http://theblogofwhatif.blogspot.com/….trying to make sense of it all, check it out.

Desiree April 9, 2012 at 4:13 pm

 @Nikki92471  @WorkFromHomeGirl I really like the idea of your blog. If I may, I really think you should improve your layout. At first glance I wanted to get right off that page because it looks so scammy and verrry hard to read and the width of the page is too huge.

fas April 6, 2012 at 4:56 am

Day trading is not easy and requires lots of expertise and skill to pull off.

dguilder April 6, 2012 at 8:46 am

What is the most reliable way to make money from day trading? Sell suckers courses on “how to make money from day trading”.

srpatterson April 6, 2012 at 8:00 pm

I don’t see how trading every 1/2 hour of every day is an easy way to make money, seems like be constantly attached to a trading system. Plus the odds are horribly flawed, your odds don’t get any better after you lose. If it was true that the odds were 100% on the 4th bet, why not bet $10,000?

EliePalima April 7, 2012 at 7:17 am

the lazy day trader guide looks good.I’m planning to test it out later.
 
btw, John Chow there’s something wrong with your theme right now. I can scroll all the way to the right hand side. also on the “about” on the footer, there’s the “read more link” that is blocking the text.

kashaziz April 8, 2012 at 7:29 am

Day traders usually get robbed at end of the day. I would stick to my usual routine. Thanks :)

Desiree April 9, 2012 at 4:09 pm

 @kashaziz oh but the thing that the reviewer failed to really highlight is that this is BINARY OPTIONS trading not day trading. So the risk is totally lower, you know at the onset how much you can win and lose. Much safer and the potential for much higher profits. Just my two cents ;)

dave April 11, 2012 at 11:50 am

Hi folks, Im interested in trying out this system, whats putting me off is all the bad experiences in relation to withdrawls. Do ye have any opinions on this issue.

alanc230 April 18, 2012 at 8:29 am

Is this Lazy Day Trader stuff really true, or is it just another scam? There are so many money making systems out there that I really don’t know what to believe.