Julian Wong and TheBinaryLab.net review: The binary lab exposed!

I was part of his group for over four years and at the beginning I thought I learned a bit but after exploring the world of Forex, I learned that he only knows the basics and loves to overload his template with indicators and blindly trades off them alone. No price action, divergence or any other form of technical or fundamental analysis.

At the beginning of this year, he was having so much trouble that his win rate was below 13%, and he was missing or ignoring basic technical and fundamental analysis that he was losing more trades on his webinars than winning. After stepping way to move house and having a baby, he came back after a month and demanded that every member in his group; 3K resign up and deposit to join a new group or if you was a new member within the last few months, all you had to do was prove you signed up to one of his affiliated brokers, so he can get his commission.

Ignoring that something was wrong and how he was doing over his long term customers, I went ahead and joined this now group, The Binary Lab Elite, as did a few other long term members, but straight away I noticed that something was wrong as the broker of choice to rejoin was IQ Option, a broker that follows all regulation rules and does allow you to withdraw but has the worse affiliate campaign ever; the affiliate makes more commission off the losses of their sign ups.

The next flag that went up was what and how he was trading, he set up a strategy that members could trade off IQ Option 15 second chart, which to this day gives 50/50 results. He ignores all the basic technical analysis such as price action, divergence, and any patterns at all. He even states that fundamentals such as news will not affect the 15sec chart. He also offers a 7 tier martingale strategy that will supposedly allow your setups to win in the end, but the truth is that they will blow their accounts and he, Julian, will get his commission from the losses.

As I have my own strategy for Binary Options and Forex, I didn’t bother with what he had to offer, but when I saw members having trouble and no real guidance was given. I added my own observations such as perhaps you are all having trouble due to trading off the 15sec chart, and you are all ignoring basic technical analysis but was confronted with the market is erratic and not the strategy. I rebuffed with that you need to check higher time frames as part of your daily analysis and ignoring news is very wrong, I even stated that the 15 sec chart trading is nothing but gambling and that there is too much noise to even try and read the charts. I even stated that binary in itself is nothing but a gamble, which I didn’t portray as negative, as we all like to go to the casino.

My opinions were mostly ignored by the group as they have all been brainwashed to believe that no real knowledge is needed to trade and that the 15 sec chart is the best time frame to get rich fast. As a byproduct in stating my opinion, I was kicked out of the group and called a loser and a person who blew his account and blames Master Julian Wong for my own lack of understanding.

I want to inform everyone that Julian Wong is nothing but a very dangerous affiliate marketer and only has basic and limited trading knowledge. He also uses brokers that are not regulated such as Expert Option, Olymp Trade and Pocket Option even though his members have stated they have been scammed by them as to prove he is only interested in the commissions he gets.

*DON’T SIGN UP TO JULIAN WONG'S THE BINARY LAB GROUP AS IT'S NOTHING BUT AN AFFILIATE COMMISSION SCAM*