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Product Name: Auto Binary Signals
Product Owner: Roger Pierce
Advertised Price: $97
Real Price: $1 trial or $57 + $200 deposit
Rating: Not Recommended
What Is It?
Software that chooses stock trades for you using binary options.
I'm not sure I can stomach any more of these binary options products. Binary options are definitely popular right now, but I have yet to meet ANYONE that has made decent money with them without investing a huge amount of time to learn, and a large amount of money for testing results.
This is high risk stock trading, and you need deep pockets to participate.
There is no such thing as software that can help you make successful trades, so stay away from any product (like Auto Binary Signals) that says it's easy to become a millionaire in this way.
Before You Invest
Auto Binary Signals uses the typical “Fight The Man” strategy and tells us about how everyone is losing their jobs, the stock markets are rigged, and the economy is in the dumps.
It's standard rhetoric that is just meant to make you nervous about the future and get you to buy his junk. By the way, Roger Pierce is not a real person. Google “Roger Pierce binary options”. Here are your results (none of them are linked to him, they are just reviews of Auto Binary Signals)
This is very strange considering he's supposedly successful and now trying to sell a product with his name on it.
But if you Google “Nathaniell Brenes affiliate marketing” (this is what I do for a living), and you can see that ALL of the results are me, my social profiles, my guest blogging, and other stuff I do. It's because I'm a real person, you can really talk to me, and I stand by my word.
More Money Please
Even if you want to purchase this product to try it and prove me wrong, you'll have to reach deeper into your wallet. The vast majority of binary options brokers require a $200 minimum deposit to get started. Some have a $250 or $300 requirement.
And remember that not all trades go smoothly! What happens if you have a couple bad trades and lose your $200? Do you have more?
You can see now that this is going to get pretty expensive. As someone that's reviewed 100's of binary options products, and seen many of them come and go in just a few weeks, I see a lot of what happens to the people that lose money on these programs/software/techniques. The following is a common situation:
Someone like Roger Pierce promises them easy money for ‘free'. Then they realize that the software is free, but you still have to invest $200. So they invest their last bit of money, and have a few successful trades. They start making higher trades, and lose all their money.
The next step is that they get a phone call. Someone at the call center tells them that if they invest just $1000 dollars the company will give them a matching bonus of $1000. Of course, the user can't afford that, so then the representative asks their manager, and approves a deal for just $500 with matching bonus. No money? Ok, we can do $300.
The person then proceeds to lose another $300. Some folks end up losing $10,000's of dollars that they can never get back because the companies are located in countries that don't regulate stock market trading like Cyprus or places in Central America.
The marketing for Auto Binary signals is quite obviously targeted towards people that want to make ‘easy money'. They are easy targets, and more susceptible to headlines like “learn the secret to making money” or “legally steal my code to instant riches”. I'm sorry, but earning $59,000 on autopilot with no experience in trading is just not going to happen.
But can you make money with Auto Binary Signals?
Apparently “some people” are reporting that they are earning money. How much money they earn and how legit their income claims are will have to be up to you to believe or not believe. Personally, I think that if someone was earning money trading they would not stop by my silly-little-blog here and tell me that they were earning.
On the other side of the coin however, this software has survived longer than other companies, since this review was originally written over 1 year ago and you can still purchase ABS.
Keep in mind though the screenshots of ‘satisfied customers' that you see on the sales page may not be 100% accurate. Did these people actually withdraw their earnings? Were they happy with a few trades or are they doing this full time? How much money have they invested and how much time did it take them to regularly make good trades?
These are important questions to ask.
For me, it's clear that the marketing on the sales page is all hype, and I will not trust my money to a person or company that guarantees I can make hundreds of dollars in just a few seconds.
At the end of the day, there's no guaranteed system to make profitable trades. There's no guaranteed way to make easy money at all! Any type of binary trading software is only going to provide you with “signals” saying that it's a good trade to make based on the software algorithm. Even if the software tells you it's a good trade, you can still lose.