10 Minute Millionaire Review, SCAM By D.R. Barton Or Legit?
10 Minute Millionaire Review, SCAM By D.R. Barton Or Legit?September 21, 2017
What is the 10 Minute Millionaire and who is D.R. Barton? If you have been asking yourself if this is another SCAM in the form of a grand get-rich-quick scheme then after reading our 10 Minute Millionaire review and investigation you will understand exactly what the deal is and if its legit or a blacklisted scam. Before we proceed you should know that as opposed to all the other scams we have exposed where you have fake actors telling lies about useless trading systems, D.R. Barton is a real person and his professional track record is impressive and available for all to see. That being said, we noticed a striking resemblance between the run-of-the-mill SCAM (i.e. financial, Ponzi, MLM) and what we are actually being exposed to here. If you feel you are being led by the nose and suckered into something you know nothing about, then you are not alone. We have just received a fresh flurry of complaints via our report a scam section about the 10 Minute Millionaire program, and at first glance they seem to be at least partially justified. Needless to say we have taken the liberty of examining the nature of these complaints and why they believe D.R. Barton is being perceived by them as a con artist.
It’s also worth pointing out that we are not acting as affiliate marketers in this scenario, hence our 10 Minute Millionaire review is legit and there is no conflict of interest. Its also pertinent that you understand how the people behind 10 Minute Millionaire recruit potential customers. We will also address this issue and elaborate on how you are being targeted and what to watch out for before buying into an investment scheme (in this case its stocks). So keep reading to see if 10 Minute Millionaire should be dubbed as an investment scam and blacklisted, or if it is a legit trading system.
Official Website, Login Page, and Members Area: https://pro.moneymappress.com/p/TMPLCH79LF/LTMPT801/?h=true
D.R. Barton – Professional Profile
D.R. Barton is an engineer turned professional trader. According to his LinkedIn profile he is Co-founder at Smart Trade Pro, and owns a B.S. in Chemical Engineering from Virginia Tech and MBA from the University of Delaware. He is a recognized trading professional with extensive experience and pretty well known in in the stock trading industry. He was even interviewed on TV as an expert and has even written best-selling books about trading. Let’s get one thing straight right off the bat. D.R. Barton does NOT answer to the criteria of a Scam Artist, and the products that he promotes are not fraudulent or designed to steal your money. Conversely, by no means should this review be perceived as an endorsement of the 10 Minute Millionaire program.
10 Minute Millionaire Review – What is The 10 Minute Millionaire?
The 10 Minute Millionaire is an educational program provided online which teaches you how to trade stock options successfully. The sales page claims that “ten minutes a week” will make you life-changing profits and help you spend time with your family by avoiding working “80 hours a week”. It consists of various guides, a 10 minute millionaire worksheet, a spreadsheet, and a PDF which can be viewed on your browser.
Pricing – Taken Directly From the 10-Minute Millionaire Sales Page
One-Year Membership to The 10-Minute Millionaire Pro, Two Urgent “Hooke Pattern” Trades to Play Right Away, “Digital Bootcamp” 5-Part Video Training Series, A Guide To Money Management, Ultimate Tax Secrets, Passport to Wealth, Personal Income Ledger, and a hardcover book just published by Wiley.
The whole package costs you $79, but that is just the start of it.
In professional terms we call this a foot in the door. It means, if a salesman is able to sell you something small at a reduced rate the chances of him selling you the big item increase on average by 33%. So, the big money comes when you invest with the brokers he refers you to, and that is also where your risk is the highest. He works with brokers such as TD Ameritrade, Scottrade, Interactive Brokers, and Fidelity (all of which have an impeccable reputation).
D.R. Barton Hooke Pattern (Not Hook Pattern) Review – The Laws of Physics Applied to Stocks Trading
Hooke’s Law: Force divided by elasticity. That is the basis for his technical analysis and the whole 0-Minute Millionaire educational program. When you do a bungee jump, it is expected to have a pull back effect when you reach the maximum pull. This effect is called a Hooke pattern and in trading that pull back is a signal of when to invest in a stock. That is the whole story in a nutshell, and D.R. Barton makes it look simple, but in reality it isn’t and words like “secret” or punch lines like 10-Minute Millionaire Pro have proven to be very hyped up claims.
Still, in this context and because of Barton’s reputation we are very careful in labeling it as a scam. We do however recommend a critical approach to online trading schemes in general, as our experience tells us a grain of salt and a hefty dose of skepticism will save you every time.
Trading Stocks a Short Overview
If you have expressed genuine interest or have traded stock before, you should know that this is designed for more conservative and long term investments. Forget Forex, CFDs, or Binary Options as this is a much more institutional approach to investing and the thought process is also different. In Forex for example you are looking for short-term entry or exit points and ways to beat the market movements. Stock trading is similar in this context, only involves much more planning. So in direct contrast to what D.R. Barton is telling you, the reality of it is that trading stocks is best left to professionals and if you want to risk your money you need to decide exactly how much you want to risk and what you expect to get out of it.
Sometimes aggressive sales tactics or hype can be confused with scams, and that is very normal. In this case Barton lays it on very thick, so please make sure to put things in their right proportions and despite the expensive show this guy puts on you should not expect to become a millionaire by simply “sticking to his Hooke pattern” strategy. In fact, I would even say that phrasing sentences in such a way is quite misleading, and could be construed as deceptive or false advertising.
Testimonials, Inflated Bank Accounts, Hype?
The testimonials appear to be authentic, but we were not able to validate the identity of the people (Bob Langdon, Nathan Armstrong, and Greg Alsop). We don’t see inflated bank accounts, but the hype is there for sure. So just be mindful and stay alert.
This is not a classic case where we have affiliate promoting thieving products for bribes in the form of commissions.
Forex EAs, Signals, and Trading Robots
Our members are looking for legitimate trading tools in the form of automated trading systems (AKA Bots) which generate passive income. It goes without saying that there is a whole ecosystem of fraudsters out there trying to sell you fake apps which eventually end up as useless. Fortunately our staff of diligent researchers has compiled a short list of consistent money-making machines. These are all proudly showcased in our recommended section.
10 Minute Millionaire Review Summary and Conclusions
D.R. Barton, his Hooke pattern trading strategy as well as the whole educational packet which is being sold for $79 does not answer to the criteria of a SCAM, and for that reason we chose not to blacklist it in our detailed and honest 10 Minute Millionaire Review. We do however want to point out that there are various complaints about D.R. Barton, and they are all well documented on the internet. We found out he is also associated with Stealth Profits Trader which boasts an “unusual pattern which delivers 31 triple-digit windfalls, averaging 130% EVERY 2 weeks”. A closer look reveals that Stealth Profits Trader is merely another marketing platform for the 10 Minute Millionaire. In another case a trader from Baltimore filed a complaint about it which is very distressing to say the least. There is another complaint about their refund policy. Needless to say the grievance elaborates on how they were very enthusiastic about selling the program, but when it came time to make good on the refund no one bothered replying to the emails. In short, this could mean nothing but it could also be indicative of a larger trend. So for all intents and purposes we would not recommend D.R. Barton and the 10 Minute Millionaire program, but that doesn’t mean it’s not a legit or genuine educational training program. We would simply prefer relying our our experience and advising our members to use the tried and tested systems we offer on our website. As always, should you need further clarifications, we can always be reached on our Facebook Group and YouTube Channel, so don’t forget to join and subscribe.