The Auto Trader Alpha software by Tim Gold is clearly a dumb trading bot, but how bad is it? Is it possible to make millions with this app? It does not have a lot of the usual indicators of a fake, there aren’t really fake scarcity messages or a countdown timer and generally they’re not talking about crazy revenue gains. While this software might sound like an impressive auto trading app initially, and the marketing video might be very convincing, we strongly suggest that you consider the facts with us before you reach your final decision.
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Auto Trader Alpha Review Summary
Annoying Browser Pop-Ups: Yes
Fake Scarcity Counter: Yes
Fake Testimonials: Yes
Impossible Revenue Gains: Yes
Comes Across As Authentic: No
Convincing Proof of Profits: No
Possibility of Being a Rip-off: 96%
Price: Free. Have to sign up with one of their brokers.
Auto-trading Available: Yes, fully auto-trading system
Available In: Everywhere
Binary Options Trading Explained
Binary trading has taken the trading industry by storm over the recent few years as day traders who have been used to scalping very small returns for small stock trends can now obtain returns up to 90% for these same small stock movements because of binary trading.
In its most basic form binary trading is a direction based, win loss proposition. If the trader is on target in choosing the direction of the underlying asset in a given amount of time you will win a fixed percentage (ordinarily between 60% and 90%), and if the trader makes a mistake in picking the direction of the underlying stock in a given timespan you will lose anywhere between 85% and 100% of the trade.
Fundamentally this is precisely what the Auto Trader Alpha software will do on your behalf. Remember in binary trading the size of the underlying asset movement is meaningless, the direction is all that matters. By using binary options, traders also do not need to stress over where to put your stop-loss, because market activity that take place prior to the closing of the trade has no effect on the final result. This suggests that whether or not the market surges up or drops down it makes no impact as long as the market ends either above or below based upon if you did a PUT or CALL.
Here’s Why You Shouldn’t Sign Up For This Bot
Overall, this Auto Trader Alpha system is not as bad as most of the other scams that I have come across previously, but I still want to make you aware of something that might change how you feel about this system.
The main issue I have is with Tim Gold, and the reason for this is because not only does Tim Gold claim to be the developer behind the system, he also has his profile photo next to what appears to be an introduction letter.
The problem with this is that it is this profile photo which lead me to his spokesperson actor page on the well-known Fiverr.com website, which is used by virtually every scam auto-trader out there. Now, I know that often the person behind a new trading system is not necessarily the best person to have in front of a camera, which is why you see this practice so often. I understand that, but I want you to be aware of the fact that the person claiming to be Tim Gold in the presentation video is just an actor. Bear that in mind before you sign up.
The other major issue I have with this system is the screen capture where they show Tim Gold’s bank account. I noticed that it says he was last logged in on 10/16/2015, notice that it says 2015 and not 2016. The current date at the time of the video is shown as April 11, 2016, and it shows his bank balance as $3,365,187.17 – which is very impressive, but why would someone with that much money in his bank account neglect to sign in for 6 months?
For me, that’s a big red flag, besides the fact that I simply don’t believe that he really has that much money in his account. In my opinion, this system is a scam, but I leave it up to you to make the final determination.
Auto Trader Alpha Review Conclusion
If you are a newbie to binary options trading, it might be a good idea for you to first familiarize yourself with how binary options work. You can easily do this by simply signing up for a totally free demo account. TradeThunder is a really good broker to start with, since they offer a completely free demo account! They also have very low starting balance requirements, so you could literally start trading binary options with as little as $20 in your account! Remember to never trade with money that you cannot afford to lose.
If you’re in the USA, you should definitely check out Nadex, since they’re the only fully US regulated binary options broker, and they offer some very interesting options that are not available with other brokers.
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