Bayesian Binary is a load of bunk! The Bayesian Binary scam system is supposedly based on Thomas Bayes' theory of probabilities, that lead to the creation of numerous Bayesian methods in the statistical sciences. That's a good idea, but that's not what this is.
Bayesian Binary Review Summary
- Annoying Browser Pop-Ups: No
- Fake Scarcity Counter: No
- Paid Actor Testimonials: Yes
- Impossible Revenue Gains: Yes
- Comes Across As Authentic: No
- Convincing Proof of Profits: No
- Possibility of Being a Scam: 90%
- Price: Free. Have to sign up with one of their brokers.
- Available In: Australia, Canada, Ireland, New Zealand, South Africa, United Kingdom, United States
Full disclosure: We get paid a commission fee if you sign up using any of the links on this site.
Why Is This a Bayesian Binary Scam?
So it really didn't take me very long to figure out that the Bayesian Binary software is a scam. Why? Well, let me tell you. If someone starts with a good base and then very quickly deteriorate into a load of crap, then you know what's coming next. They're coming for your money!
The concept behind the Bayesian Binary scam is actually sound, and you will definitely find a lot of information about applying Bayesian theory to trading. It works. The thing is that you need to know what you're doing, and I have zero confidence that these clowns have any clue! How do I know that? Because I actually studied statistics, that's how I initially got into trading. The guys behind the Bayesian Binary scam is hoping that you will not have heard of Bayesian theory before, and then make it sound all fancy and complicated so that you buy into it.
I'm even more confident it's a scam, because they're using a Fiverr.com actor as their main spokesperson:
If you click through to my Mockingbird Method review, you will see him there too. So if this is such a good system, and so revolutionary, why doesn't the real creator of this system come and tell us about it? A guy like Michael Freeman did that, he's right there on this video, telling you about Mike's AutoTrader and his Facebook Group. Go ahead, click on the link, I'll keep this tab open for you.
The other reason I don't trust this system is because they also throw in images like a flashy sports car that Mr. Clever in the video bought after just a couple of months of trading. See ‘exhibit B' below:
This is especially impressive, since they must have been able to do time-travel as well, since the Bayesian Binary scam site was only created on December 1, 2015 – hardly a week ago! So how the heck do you rack up hundreds of thousands of dollars over months of trading if the site you're using did not even exist a month ago?
Just in case the statistics and the latest BMW sports car didn't grab your attention, they next resort to a user testimony of a girl in a bikini. Really??? That's just wrong.
Lastly, if none of the above worked for you, their last-ditch effort to get your attention is to use a puppet! Nope, I kid you not, they actually used a muppet-like puppet in the bogus Bayesian Binary scam! See, look at that! Maybe I should have blocked out the puppet's face too?
We're told in the video that our two intrepid internet traders spent some time in the library with charts and stuff and simply applied Bayesian principles to the charts, resulting in them making a heap of money. OK, so let's just take a quick peek at what it involves to do a quick back-of-a-napkin type Bayesian probability estimate:
You can go read up about it here: http://faculty.washington.edu/kenrice/BayesIntroClassEpi515.pdf. Do you still believe them when they say they did this on the fly as they were looking at the charts? I hope not!
Bogus Bayesian Binary Review Conclusion
I realize that you came to read this review in the hopes that you had found something that will make you some extra money. This is not the system that is going to do that for you. Pinky promise. There are a number of other systems that we have reviewed on this site that is definitely better than this! You can do this, you can make money with Binary Options trading, just not with this bogus system. Please take a look at our best binary options systems and their reviews.