Professional Binary Robot really plays up the idea of being professional. You see the term in the title for the product, and also in the imagery and language. For example, the guy in that picture is apparently ‘Binary Professor George S.’ – although it seems that a binary professor is just someone who has been trading in binary options for a while.
George S., whoever he is, apparently has 35 years trading in the market. This apparently makes him an expert and a professional. Now, if he’d been involved in binary options for 35 years, I might be inclined to trust his opinions, at least a little – but he hasn’t.
In fact, binary options has only been around since around 2008. George (if he is a real person) might have been trading in markets for 35 years, but honestly that doesn’t give him the experience to be an expert at binary options trading.
There are some other things about the site that are a bit odd too. For example, this set of badges is under the video:
They’re all supposed to inspire trust, but they are just meaningless images. The badges would be very easy to make and there certainly is no guarantee that the company will live up to any of the claims made.
An additional issue is the fake scarcity:
People tend to be terrified that they are going to miss out on something. This can often lead to bad decisions, and sites like taking advantage of this fear. However, in most cases (including this one), there is no scarcity. The offer isn’t going to go away when those two spots are filled. After all, the site owner is actually making money by getting people to sign up.
Likewise, the site focuses on the idea that the owner has been studying binary options, finding scams and reviewing brokers for years.
The actual site he links does review a number of brokers, ranking them based on features, bonus, deposit and payout, and whether they accept US clients – although the ranking system does appear to be a bit arbitrary. However, the site doesn’t talk about scams at all.
So, he doesn’t actually bust scams, or even mention what binary options scams even are. This means that all that rhetoric is nothing more than the site being misleading once again.
I’m always pretty harsh on sites promoting binary options trading, and with good reason.
Some people do use the approach as a way to make money, and relatively few people might actually be successful at it. Those are the people who really know and understand the markets they are working in and are really good at making fast decisions about those markets.
However, sites like Professional Binary Robot aren’t targeting people who understand markets. Instead, they are targeting people who buy into the hype about quick money and being successful without effort.
Sites like this always tend to come back to the robot. Sometimes this is called a trading app, software or something else entirely. The concept itself is always the same. Basically, the robot automatically makes binary options trades for you, or tells you specifically what trades to make.
In theory, this type of software is supposed to make binary options trading much less risky. But, the way that the markets work makes this pretty much impossible to achieve. One of the biggest issues is that things move so fast within markets, with hundreds or thousands of buy and sell decisions being made every second.
So, assets move all over the place and very quickly. For software to be effective, it has to be able to predict these changes. Even the best software in the world can’t do that.
The claim above, that isn’t new. Most sites that create or promote binary options software make a similar claim. They need you to believe that it works – even though they can’t offer any actual proof.
For that matter, you should know that most of the so-called proof offered on the site doesn’t prove anything at all. Instead, it tends to be either tweaked in Photoshop, manipulated in some other way, or just isn’t relevant.
At the end of the day, even with the promoted robot, binary options isn’t a way to make money. Instead, you are forced to put up your own money to give the approach a try – and you will lose most or all of it in the process.
There are realistic ways of making money online, but binary options simply isn’t one. A powerful alternative is affiliate marketing. This approach lets you earn money by promoting other people’s products. It can be a lucrative business, but like any legitimate business, it does take time and effort.