German Binary Robot is the latest in a long string of sites promoting binary options trading as a money making tool. To do so, the site takes the German reputation for quality and uses it to convince people that the technique offered is real and effective.
One immediate issue with this site is the cost. German Binary Robot actually costs to sign up for. You can either pay the asking price of $2,400 or try the 1 month trial. Pretty much everyone is going to choose the free trial, which seems to be the intent.
When they choose the trial, most people would feel like they are being given something for nothing. But, that isn’t the case. The owner of this site (‘Norbert’) earns money either way, because the money doesn’t come from selling the software.
Instead, the binary options trading requires you to invest money. For the broker that German Binary Robot is promoting – you have to ‘invest' $250. Despite any claims to the contrary, there is absolutely no guarantee that you will get any money back.
So, German Binary Robot doesn’t need you to pay for the software to earn money, but it does need you to invest in an account with the trading broker. As you can imagine – this isn’t something the site strong emphasizes.
It’s also worth noting that many aspects of the German Binary Robot site are misleading. For example, the live stats of trading with the robot are very unlikely to be true and can be easily falsified.
Additionally, all of the counters on the site are misleading. One of them says how many trial spots are remaining and how many users on the application page. On the application page, a second counter counts down how long remaining on your ‘special offer’.
These counters are a really common trick and it’s just coding. They don’t actually count anything, but they just count up or down (or show random numbers) based on time. Normally, you can reset the page or open it in a new browser and the numbers will restart.
Binary Options Robots
The big thing about sites like German Binary Robot is the presence of a piece of software that makes binary options trading largely automatic. This might be called an app, software, a plugin or in this case a robot – but the basic concept is exactly the same either way.
Pretty much every app like this out there has the similar claims, like:
- Automated profits
- Low risk/no risk
- High amounts of profit (e.g. $2,271 in this case)
- No experience needed
It’s a nice theory, but there is no software in the world that can actually meet any of these claims.
By nature, binary options trading is risky and challenging. It involves predicting the way that assets are going to move and staking your money on being right. Understanding the movement of assets is pretty challenging to start off with, especially for people who have no experience in stock markets or this type of trading.
Yet, German Binary Robot and similar sites specifically target people in this situation. That’s a scam move and makes it pretty clear that these sites are trying to mislead. In fact, the unpredictability of the market means that it is basically impossible for any software to accurately predict what is going to happen.
If you were to use German Binary Robot’s software, or any software like it, you would find that you win some trades and lose others. Some people take this as evidence that the software works – but it isn’t.
Binary options trading only involves two choices. You are just trying to predict whether the asset will go up or down. If you were to pick at random, sheer blind luck would mean you would be right around 50% of the time.
But… if you want to be successful at binary options trading, you have to be successful a lot more often than that. A 50% success rate isn’t even enough to break even with this type of trading, so you need a considerably higher success rate to turn a profit.
This isn’t something that any software can offer you. If you were really experienced and really understood the market you were trading in, it might be possible to make money. However, no software will help with this. Even then, making money this way is still a huge risk.
Money Versus Risk
Making money online should never be gambling, but that’s exactly what German Binary Robot is. Even with the software that the site provides, you are likely to lose any money that you put into it.
This is why internet marketing is much better as a way of making money online. Internet marketing gives you full control over what you earn and what you spend and it is much less expensive.
Additionally, you can turn internet marketing into a long-term successful business, while binary options is only ever going to be a flash in the pan. To get started, check out the training at Wealthy Affiliate and feel free to hit me up on the site.