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Full Review of Keith Jones 60 Second Profit Strategy

Keith Jones 60 Second Profit Strategy – Roll the dice and hope.

I spent my entire morning yesterday thinking about this strategy and wondering if people actually use it. You can find it here: www.60secondprofits.com. It is developed by an ex-trader called Keith Jones. According to him, he worked for 8 years in the financial sector as a stock broker on Canary Warf for 7 years and Wall Street for 1 year. Pretty experienced trader….if what he says it’s true. The 60 Second Profit strategy consists in opening a sequence of binary trades on EUR/USD pair following a series of 5 predefined steps. In step one, we must check the “Popularity” column and always go with the highest percentage. So if traders insight favors Put, then we will trade only Put in all our following steps. Step two requires us to open a trade with $5 investment, using a 60 second expiry time. If we lost our first trade, we proceed to step three which requires us to open a trade using $10…..I’m sorry, but I started laughing again for the 10th time today and I find it very hard to continue describing this “technique”. Those of you who read my other reviews know that I can’t stand a scammer and I do my best to expose them, but also that I have the greatest consideration for an honest broker. Well, guys, I don’t whether Keith’s strategy could be considered as a scam, but I can defiantly say his strategy utterly sucks.

 

 

Why “60 Second Profit Strategy” sucks?

By step five you risk $100/trade hoping that a sleazy Martingale system will help you make your money back and then some. Yes, that’s all this strategy is, a Martingale system and he has the nerve to tell me that my fourth trade (step five is actually trade four because step one is checking traders insight) has a 100% winning probability. Wait…on what do you base this affirmation? It is a rhetorical question anyway, because all real traders know 100% probability of success is a utopia. Why would it be 100% safe trade? Price can go for more than four one minute candles in one direction and his strategy requires us to place four trades (assuming we lose trade 1, go to trade 2 and so on). Given that we have 60 second expiry time, trade four coincides with the fourth M1 candle and it’s 100% sure to win…pfff, just look at a M1 EUR/USD chart and see how many M1 candles you can count in a row and in a single direction. I just found 10 without looking too much. He further states that he used to do this on a larger scale for financial institutions…if that’s true, then maybe “techniques” like this one triggered the 2008 crisis. Another thing I can’t help but notice is what a cheap publicity stunt his strategy is. Throughout the entire explanation, he uses a certain broker and he says that’s the only broker that offers 60 second expiry time and urges you to open an account with them. I’m going to refrain from saying what broker he is referring to, but we know there are several brokers that offer this kind of options.

 

 

Why “60 Second Profit Strategy” doesn’t suck?

I’m speechless here…in fact, the only reason that this strategy doesn’t suck is because it made me laugh so hard. Other than that, I can’t think of any other reason. Oh, wait, I have one: the whole structure of the webpage and the wording in it shows us exactly what to avoid. Whenever you see something similar, walk away. No…run away!

 

 

Conclusion

My opinion on this strategy was already formed when I read the first two sentences on his site: “Have you ever wondered what it would be like to earn a wage every 60 seconds? Well, wonder no more.” This kind of talk is a clear indication for me that some kind of scam is going to be next. Even more, in his videos, he states that when Forex came out, it involved a substantial risk of loss, but this doesn’t because you just start with a $5 trade but he forgets to mention that if I get to the fourth trade I have a $100 risk. I’m going to be sick if I hear one more guy or broker saying there’s no risk. Believe me people, there is risk; a very high risk, but the secret is to manage it properly and only then trading will be profitable. To wrap it up, just stay away from this strategy and any similar ones and never trust anyone that says there is no risk in the financial market.

 

Continue discussing kieth jones 60 seconds profit system on our forum.

 

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33 Responses to “Full Review of Keith Jones 60 Second Profit Strategy”

  1. Charles says:

    I agree with you 100% on this opinion. I just tried the method using my broker, Banc de binary, and even though I started with a WINS, my second attempt resulted in a LOSS though I followed the steps exactly. No one should buy this! I’m afraid, I just have to be blunt, here folks!

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  2. Donald says:

    Great review. I wish everyone could read this before investing in the 60 Second Profit scam. Thanks greatly !!!!!

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  3. David says:

    Many thanks for this review. I had actually thought about giving it a try, but won’t bother now. Thanks again.

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  4. Riiva says:

    If you do your fundamental analysis and it confirms a strong trend with good momentum then you use the strategy. But a lot depends on whether you believe in that traders choice graph on your brokers site. There are certain less volatile instruments which you can use this strategy on and win. But at the end of the day you want to be a trader not a gambler. So do your fundamental and technical analysis before going into any trade. Personally I have used both 60 seconds and Option builder very successfully.

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    • Ram says:

      Riiva, appreciate if you could share your successful strategy. Please email me at ramanitharan_rajaram@yahoo.com. Thanks a lot!

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    • Tony says:

      Hi Riva,

      I, too, would appreciate knowing about your successful strategy. Please email me at taraujo@yahoo.ca.

      Thanks,

      Tony

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  5. herve senni says:

    I agree with you 100%. I want to start in binary trading and I got interested in after reading such scam, but right away I got suspicious. I’m a webmaster and I’m already allergic to the “make money in 2 clicks” scheme, so every time I see a “to good to be true” advertising I know that it is too good to be true…

    What alerted me is that he is claiming that you can’t lose repeating all the time the same formula! I really wonder how betting $50 gives you higher changes of winning than betting $5, using exactly the same technique?… you have the same chances. The only difference is that you lose $50 instead of $5.

    I’m happy I discovered your site. It looks legit and unbiased. I’m going to read, read, and read before investing a single $1.

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    • Ahmed says:

      @ Bogdan G … yes that all :) trade on the right time with the right money management and follow the traders choice and u done.. no charts… no analysis.. nothing.. when i got this strategy at first time.. i thounght.. ok another scam and too goo to be true.. but when i start trading it on demo with 50,000 account.. IT WORKS.. then i turned it to live account.. and IT WORKS again.. its not gambling as it is FOLLOWING the other traders.. and u wont believe me when i say.. that YES.. the fourth trade till now if i reached it its 100% WIN … whatever the market situation is .. it always a WIN trade .. try it on demo if you dont believe me .. enter with europe and US markets opening.. follow the traders choice every 30 minutes for hour or two.. and DONE.. u made ur day :)

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      • TygerKrane says:

        Ahmed, I tried watching the Traders Choice on TradeRush website. It looked it it only had one values for the whole day and never changed. (Maybe I wasn’t I needed to do it A LOT more days. Have you ever seen it change more more than once a day?

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  6. ulcinj says:

    keith jones has a shares on 60second trading platform’s .
    listening to his strategy i lost 6 times in a 6minutes step by step. and let me say that this is all scam and the word must be spread out

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  7. Ken says:

    I tried this system on a demo account and lost every 3 to 4th trade making my bank drop from 50000 to 47000 in 20 minutes
    Will not wast any more time on it. Anyone know of a decient system to trade 60 Sec options

    Thanks
    Ken

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  8. Ahmed says:

    Guys.. i dont know if it is the same as the strategy i am using, but use martingale in binary options and it works on two brokers 24option and banc de binary and both are live accounts… i took a while to understand it but when i got it.. it works like a charm.. the only problem that i am using it on 30 minutes not 60 seconds and i am using any pair that has MORE than 58-70 or higher for traders choice .. last thing i trade it on Europe and US markets.. not when the market is sleeping.. thats all .. to be fair.

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  9. Bogdan G says:

    …just that? Martingale and “Trader’s choice”?

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  10. Steve H says:

    I totally agree – I tried this thinking it was too good to be true and that some claims – 100% probability of win on 4th or 5th trade – were total rubbish.

    It was too good to be true. It is total rubbish.

    DO NOT TRY THIS TECHNIQUE!

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  11. Lee Mitchell says:

    I have six words….Keith Jones should be locked up!!!

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  12. Amundo says:

    @Ahmed : that’s great that it’s working for you but think about this – people were creaming it leading up to the crash in ’87 by selling naked puts , because they were making so much money, how could they ever fail ? When the market tanked (remember, these people never ever considered it would ) they got slayed BIG TIME ! So please don’t think that the unthinkable will never happen – a martingale system may work for a while and you’ll be convinced it’s the real deal. ..

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  13. Bogdan G says:

    “…by selling naked puts” just by using those words I can tell you have extensive experience in the markets. Am I right? Btw, I totally agree with your opinion.
    All the best

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    • Amundo says:

      Hi Bogdan, thanks for your informative site. Yes, I have a few battle scars but I’m still a rookie trying to find MY holy grail. And I can’t believe I bought that crap from Jones (even though I knew it was crap ! God bless clickbank! I am very risk averse, so thankfully I haven’t blown an account , but I trade very small amounts (started with options ).

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  14. philip says:

    As an ex commodity trader i can categorically state this is a scam ! no one can guarantee that after 3 losing trades in one direction up or down the 4th will win !! do not invest a dime in this scheme

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  15. gary says:

    Tried this with a demo account and lost at the $100 trade 8 times. Doesn’t work!!

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  16. Bogdan G says:

    I know it doesn’t work. Hopefully more people will know it too and won’t be tricked into thinking it’s 100% bullet proof. Good choice to use a demo acc.

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  17. Nate... says:

    It seems that there are a few items left out here in the 60 second binary option trading scam review. Yes I agree solely going with the traders choice and following the steps without careful consideration is definitely a gamble. What I think most of you who feel scammed by this method are missing out on is Step 1 (Careful consideration of the stock, commodity, or currency pair you will select). Of course there are 2 simple rules you must consider, a. Is the stock trending in a certain direction? or is it neutral. Of course up and down trends are what we are supposed to be looking for and b. consider what other investors are thinking… before we move to step 2-5. Try this with a virtual account and see if it works. It did for me, and I use it live alot. I never had any problem with it once I understand the strategy…

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    • Bogdan G says:

      I am sorry Nate, but the strategy just tells us to check the Popularity column (trader insight), not to carefully consider and analyze the asset. Personal analysis is not suggested by the strategy, or at least it is limited to the Popularity tool (anyway, I don’t consider that analysis). If you have had great results with this strategy, I am happy for you. Could you post some results of your live account?

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  18. Tony says:

    Wow! I wished I had found this site earlier. I guess I really wanted to believe this would work. I invested $250 to start and lost it all within 2 hours. I cannot believe I feel for another scam. I am so gullable. What a way to start the new year. Please if you are thinking about doing this don’t even try. It does not work! I followed instructions exactly and started losing money from the start. I am bull headed and kept going even though I kept losing. Please don’t try this. I lost enough money for both of us.

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  19. Tony says:

    This definitely a buyer’s beware scam. I tried with the demo money and lost all of it in less than a half an hour. Keith Jones is now saying his new strategy not only includes the popularity chart but a chart that shows which direction the stock is going. Basically if the chart is going down no matter if the popularity is high you now chose “PUT”. This guy so full of it. He has to be making some money from getting people to sign up Trade Rush, his new investment company. Before this it was another company. I warn you please stay away from anything Keith Jones is promoting. He is a scammer for sure!

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  20. Steve says:

    I approached this strategy as a bit of fun – it’s not really serious trading, but more akin to gambling. So to test it out, I used a Bet On Markets demo account.
    I checked my MT4 charts on the 5-min to see where ‘market sentiment’ was heading.
    I checked BoM and selected Sell, as it gave a 90% return.
    I followed the strategy 100% for just under an hour. The result?
    A $95 profit.
    Obviously more testing required. But is it really a scam or simply a method that some people don’t much care for?

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  21. Steve says:

    Because I really hate the way people abuse the terms ‘scam’ or ‘scammer’, I decided to do a bit more research.

    I found this: http://www.freebinaryoptionsystem.com/binary-options-strategies/keith-jones/

    Now, it seems a genuine review, so perhaps it might help.

    And please, please, please, don’t label something a scam when you’re not 100% sure!

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  22. King says:

    The keith Jones system worked perfectly for me. I had a $20000 demo account on banc de binary, I started loosing money while trying out indicators on freestockcharts.com and attempting 60secs options to make pofit but kept loosing. Then I remembered keith Jones strategy and decided to give it a try since it was a demo account with lots of cash. As at when I started I had 19 thousand seven hundred and something cant remember exactly, I started using the strategy and got back up to 20003 dollars in just an hour +. It worked for me. there are conditions upon which it works, I used the EUR/USD, followed traders higher percentage, I wish i could upload pics here to show my trading success. I tried it again the next day, and it took me up again. there are times when this strategy will work and there are times when it will close you account in minutes. I will say b4 u start check the trend on a real one minute chart, If you see that there are more than four candle sticks going in the opposite direction successively before you see one going in the direction you are trading PLEASE DONT APPLY THE KEITH JONES METHOD, YOU WILL LOOSE!!!!!!! Check this very well. Also put an eye on your indicator I use SMA, so you can know if there will be a sudden drop in the market against your trading direction. Dont Just use the traders choice, CONFIRM FOR YOURSELF on a real chart MT4 the market trend. This is what I have used and I dont care if every one here says its a false or scam strategy, NO ONE DOUBTS WHAT HE HAS SEEN. I have seen it work. Keith Jones has nothing to gain when you lose money, he only Just cared to share what he uses, If he made any mistake maybe he was not detailed enough.

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  23. Nate2 says:

    @King, I would love to know in more detail how you are using the SMA and trends to better your chances at this technique. Feel free to email me if you can nate@1mcorp.com. There are a lot of mixed opinions on this strategy, yet I have also seen it work.

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  24. Ron says:

    I like your guts. What do you think of the “Profit In 60 seconds” system?

    Can’t wait for your response…

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  25. Lafa Ramesh says:

    Hi Traders
    dont be a fool to believe in you can make profit through martingale system. I have tried and lost $400 within 1hour of deposit. because you will never know when the price will go up or down more than 10min in a row. and I also tried so many strategies I found in the internet and again lost my 90% of my investment from $10000 and I have $1000 left in my broker’s ac.
    my advice for everyone which I learned from losing a $9400 is
    1. never trade martingake strategy
    2. never ever trade for than 5% of your fund at a time
    3. never try to make a lot of money in short period.
    4. dont be greedy
    5. spend as much time as you can on learning Japanese Candlestick – which will be your master key of succesd in future.

    and if you really want to try see some result with 60sec strategy follow tjis.
    1up
    2up
    3middle
    4down
    5down

    EURUSD
    1. Watch current price for at least 5min
    2. notice where it goes up or down
    3. if it is going up wait until it reverse back and note the highest price
    4. if it is going down wait until it reverse back and note the lowest price.
    again
    watch this happening at least 3 or 4 times.
    now
    when price reaches to the highest level open PUT and wait until price will drop lowest point and open CALL
    be precice on on timing to catch that highest or lowest point. after 3 to 5 wins sto trading and if price goes in one direction DO NOT trade until it stops and leveled.
    I hope you will make profit with technique.
    but IN MY Opinion it is too risky for beginners to trade 60sec.

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  26. Tham says:

    Riiva can you help me how to get back money from this progam ? I have try two week and I lost 33000 usd , thanks !

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  27. Khumbu says:

    It is indeed a useless system. Casino based strategies such as this Martingale system can be a disaster when applied in the markets. Most importantly, position sizing seems not to be important in that method, yet it is critical for successful trading

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