You have seen it all before, promises that you can become wealthy using binary options software to make you rich overnight. You want to believe it, but can you really trust the Binary Alpha Trader System, or is it a scam? This review has the scoop on the Binary Alpha Trader software scam and all of its claims. Read on if you want to know why this is one binary options scam that you should avoid.
Binary Alpha Trader Scam Claims
Binary Alpha Trader claims that it is a great way to make extra income and get all of the things that you have dreamed of, just like Kazi Noor says that it does. The video uses testimonials to try to create an emotional appeal by using “people just like you” that have used their software to achieve their dreams. The video for this one was surprisingly short and seemed to provide little information other than promises.
Kazi Noor started his trading career in 2008, the same year the global crisis began. He claims that using his system, while it was still in the testing phase, he managed to make himself $3 million in net profit. A short search on the internet reveals that he also sells a book, video, and live class. Furthermore, this binary option guru claims to donate part of its profits to help educate orphan children. Once again, there are no details given. There seems to be a theme throughout the Binary Alpha Trader scam material regarding not giving enough information to trace the facts behind the claims.
How Does the Binary Alpha Trader System Work?
Binary Alpha Trader never actually tells you how it works, other than through software generated decisions using proprietary Binary Alpha Trader Signals. Once again, Kazi Noor never tells you how this works. A little more research by this Binary Alpha Trader review found that he uses something which he calls the swing pattern or the currency chart and breaks the pattern into 7 parts. He also claims to apply risk management techniques. This review has done extensive research into options trading and cannot decipher what is meant by a “swing pattern”. Furthermore, risk management is a general term, not a specific a technique. There are many different risk management techniques. Once again, BinaryAlphaTrader.com is throwing out terms without defining them or giving you enough information to verify the facts.
Why These Claims Are Bogus
Aside from not being able to verify the claims in the video, the entire concept of a “swing pattern” in the currency charts is not backed by those knowledgeable in the financial markets. Binary options trading is based on predictions on what a certain currency will do at a specific date and time. There are many factors that can influence the currency charts, many of which depend on human behavior. When human behavior is thrown into the mix, the predictability of any particular investment instrument becomes questionable. There is no absolutely predictable pattern.
Binary options give investors a way to limit their potential risk, but it also limits their potential profits. The decision to purchase an option is based whether the trader thinks that a certain asset, in this case currency, will be at a certain price at a certain time. The decision to place a call or put depends on what you think the probability of the pricing hitting its price will be. If you bid correctly, then you make money, but if you do not you lose.
Binary options trading systems such as Binary Alpha Trader are based on probabilities. They try to apply knowledge from many different areas to try to make a better guess about what the markets will do. They send signals to the subscriber that are will place a trade for them based on statistical analysis and considering the factors that the particular system chooses to use. There are no hard and fast rules when it comes to what a particular asset will do at a particular time. The best that one can do is to improve their ability to make their best guess.
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What About the Risk Free Part?
The video claims that you can try their software risk free for 60 days. By the time the trial ends, you are expected to be on your way to wealth. This review thinks that this type of scam does not really care whether you win or lose. Binary options trading is highly risky. There are no guarantees any patterns that appear to exist in the past will continue to exist in the future. This Binary Alpha Trade review found that the in the Terms of Service, Binary Alpha Trader does not claim to be a commodity trading advisor, but they will still be offering you advice on when and where to trade.
If you are still wondering, is Binary Alpha Trader a scam, the only thing this review could find was vague information and a lot of sidestepping in the Terms of Service. The software system seems to be based on a concept that does not even exist. The fine print in their Terms of Service forbids you from sharing proprietary information with any other party. Furthermore, they sell themselves as a training program in the Terms of Service.
The Binary Alpha Trader scam is different from the others in that it sells itself as a training program. It took this review some time discover this fact because it appears to be difficult to find from Binary Alpha Trader itself. The claims made by this training program are so vague that they are difficult to prove or disprove. Independent research found that this is actually a training program, and nothing else. You are not likely to make that much extra income on a training program. The Terms of Service repeat that they are not responsible for your losses. It seems that Kazi Noor might not have made his millions using his software, he made it selling a training program that is disguised as binary options software. If the information in the training program is as vague as the rest of the marketing material for the Binary Alpha Trader scam, this review thinks that you probably will not know anything more about binary options trading than you do right now.
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