Penny Millionaire Scam Or Great Opportunity?
This system by David Forrster has a brand new take on the well-known and proven concept of compound interest. The fascinating truth about utilizing compound interest as an investment strategy is that by taking a single penny, and doubling it every day, you end up with 10 million dollars after 31 days. That's not something that can be disputed, it's simply a mathematical fact.Updated on November 23, 2017 -
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How that translates to this system and our Penny Millionaire review, is where we need to decide if this is a Penny Millionaire scam or opportunity.
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First trading results are in! They're all winners!!! I always say that no matter what all the marketing hype says, it boils down to if the system works!
What Does The Penny Millionaire System Do?
This system will in essence help you to trade by picking the best trading opportunities according to its algorithm. The trading algorithm will not always be correct, and they make no claims about it being perfect. This means that it will not be 100% accurate, and neither does it need to be.
For a binary options trading system to be profitable, it only needs to be accurate about 67% of the time. For good trading systems, that should be no problem at all. Based on what I've heard about this system, it will be much better than that!
Once the winning trades start rolling in, the way in which they have set up the compound trading will take care of the rest.
Reasons I Like Penny Millionaire:
- Compound Interest Works – This is not something that can be disputed. Using compound interest in an investment strategy is a very powerful tool indeed.
- No Crazy Claims – The name of the system is “Penny Millionaire”, but I saw no explicit statements that you will definitely become a millionaire by using this sytem. Sure, the claim is that you “can” become a millionaire, but that is up to you. The system also does not claim to win every trade, which is realistic.
- I Always Pick Up Pennies – I've always had the habit of picking up pennies ever since I was young. Why not, it's free money! Keep on doing that, and you'll find that you get “lucky” to pick up all sorts of things. I've even picked up $100 dollar bills like that! The point is to take an opportunity when you see it, because you never know where it will take you.
- Slow And Steady Is How To Get Rich – You have to start somewhere, and even a penny can end up making you rich if you have a solid investment strategy. That is the core message I get from the Penny Millionaire software. You won't necessarily be a millionaire in a month, but compound investment can start your path towards it.
- High Probability Trades – As David Forrster said, the system they have put together for you will take high probability trades according to the Penny Millionaire proprietary algorithm. It can't predict every trade, but it's much better than you watching the charts the whole day. That's where the power of a system like this works to your advantage. Even if you are a professional trader, an expert system that trades on your behalf can be very powerful.
- Auto-trading Software – If you have been trading by yourself for a month or two, you will know that it's not all as glamorous as it sounds to trade online. You need to dedicate time to study the charts, analyse trading opportunities and take action at the right time. Even if it means getting up at 4 AM in the morning to enter a trade. Not everyone can do that, and this is where auto-trading software shines. It takes the drudgery out of trading.
- Established Website – The PennyMillionaire.com website was first registered in 2011, which means that it is not just a domain that was created recently because it is at least 5 years old already. This is vastly different from the scam sites we review and establishes the website as authoritative.
Why You Should Sign Up Now Instead Of Later
We are told by David Forrster that they will basically hold a lottery to pick only 100 eventual participants. I see it more like the digital equivalent of pulling a 100 names out of a hat to get a spot on the Penny Millionaire software platform.
Will they stick to only the first hundred, or take in more? I don't know. Often these types of tactics are just marketing gimmicks, and sometimes they are not. Just a short while ago before we did this Penny Millionaire review there was a pretty good system that warned us they would only take a few people and then close new registrations. I thought they would just continue taking in new traders, but instead they promptly started refusing to take in new sign ups. So you never really know, you will have to make that call.
Here’s the deal:
If you want to be a part of this then you have to take action. Or at least give yourself a chance to check it out. The way to do that is to enter your name and email on the Penny Millionaire site because that's how you will let them know you are interested.
Compound interest works. Making more than 67% accurate trades works. Ramp that up to 80% and you're starting to talk about some serious returns on your initial investment.
Remember that all trading carries some risk, even with the Penny Millionaire software. If that wasn't true there wouldn't need to be any special software to help you trade because anyone would be able to make money trading. The truth is that it is not so simple, and you need to be sure you don't trade with money you cannot afford to lose because that's simply the rules of trading.
You might be wondering:
Do I really only need to give then one penny to start trading? The short answer is no. That would be silly. Most brokers require you to open up a trading account with at least $250. You can think of it this way, by starting at a higher investment level it also puts you in a position to earn more money. You have to start with something.
The Penny Millionaire software will automate the sign-up process for you. This will also ensure that the trading platform and broker is synched up properly. Your username and email will be the same for both the trading platform as well as your broker, but keep your password secret.
Want to know the best part?
If you do decide that all of this makes sense, and you are serious about this, you can be ready to start in just a few minutes. On top of that, if after reading our Penny Millionaire review you sign up for Penny Millionaire through this website, you will have the additional benefit of being covered by our industry first “ETS Guarantee”.
What that means is that even if you find that this system is not for you, we will give you free access to an exclusive and private group of professional traders that consistently win over 80% of their trades. They will not only give you trading signals, but also train you how they do it. This offer will be valid for 90 days after you have signed up for the Penny Millionaire software through our site.
This is the best I can do to offer you a new opportunity on the one hand, and on the other give you the security of a fall-back option so that you end up winning either way.
Penny Millionaire Review Conclusion
Alright, so that's the end of our review on the Penny Millionaire software. This is the first system I know of that uses the concept of compound interest in this particular way and it sounds very promising. If you're interested you can either take your chances and wait, or take action now and sign up if you have the funds. Once you have signed up through our site, remember that with us you will have a backup plan if for some reason the Penny Millionaire system is not for you.