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The Millionaire Bot Review

By on July 28, 2015 in Binary Options with 0 Comments

Welcome to my review of The Millionaire Bot

The Millionaire Bot is the latest Binary Options system to launch and I’ve been taking a closer look to find out whether it’s hype or a legit way to make money online.

Before I start – Click here to see My No.1 Recommendation for Making Money!

(This product is my No.1 Recommendation for Making Money Online)

What is the The Millionaire Bot System all about? Will The Millionaire Bot actually work? Is The Millionaire Bot real value for money? Will you actually be able to make money with The Millionaire Bot

The Millionaire Bot Overview

Product Name: The Millionaire Bot
Product Type: Online Trading Portal
Price: FREE
Official Website: The Millionaire Bot

Millionaire Bot Review

What is The Millionaire Bot?

The Millionaire Bot is the latest Binary Options Trading product to hit the digital marketplace. The creator of the product claims it will change your life – You will finally be able to make unlimited amounts of money online.

I think you’ll agree that’s a pretty bold claim. So let’s take a closer look at The Millionaire Bot and find out the truth behind this product.


Click here to see My No.1 Recommendation for Making Money!


So is The Millionaire Bot just another Binary Options launch in a long line of launches? The simple answer is yes!

What are Binary Options?

Binary Options are specific type of Option in which the payoff only has two possible outcomes, either a fixed monetary amount or nothing at all. This is in contrast to ordinary financial Options that typically have a continuous spectrum of payoff.

There are two key types of binary options: asset-or-nothing, and cash-or-nothing. An asset-or-nothing binary option will pay out an amount equal to the underlying value of the security; a cash-or-nothing binary option will earn you money if it expires while “in the money”.

In the world of trading, binary options are actually relatively simple to understand.

How do Binary Options work?

To trade Binary Options you sign up to the Binary Options Broker upon which you will have access to the market where you can place trades.

To actually place a trade on a stock like Microsoft you will need to place a PUT or CALL trade. If you think the stock will rise in price you place a CALL trade and if you think the price will fall you place a PUT trade. Binary Option Trades are typically placed over short durations from 60 seconds to a few hours or even a few days.

When you trade a Binary Option you are placing a 50/50 bet that the currency pair will either be higher or lower at the end of the trade duration.
Binary Options Trading in 3 simple steps:

  1. Choose an Asset (Any Stock, Currency, Commodity or Index) to trade.
  2. Place your trade (PUT or CALL) based on the direction the trade will go.
  3. Allocate your spend to the trade.

Placing a trade that says the asset will be higher at the end of the trade duration this is called a ‘CALL’

PUT Trades are trades where you believe the asset will be lower in value at the end of the trade duration.

If you win the trade you will receive your initial investment back plus a percentage of that initial investment. The percentage range can vary between 70 to 90%. This variation depends on the asset you are trading. Currency pairs that are more frequently traded like the EUR/USD often offer higher percentage returns.

Binary Options Brokers the Truth

In the below example I am going to expose the truth about Binary Option Brokers and open your eyes to the reality that Binary Option Brokers only exist because more people lose money than win.

So let’s use the currency pair EUR/USD in our example and to make it easier to understand we will use 50/50 win/loss ratio.

In the example 50 traders place a CALL trade on the asset and 50 traders place a PUT trade.

After the trade duration has ended the CALL Traders have won and the PUT Traders have lost. 50 winners and 50 losers.

If each trader traded $100 that would mean that 50 people lost $5,000 ($100 x 50 traders) and 50 traders won. However the winners only win between 70 to 90% so let’s be generous and use 90%. So that’s $100 x 50 x 90% $4,500. This means the broker has made $500 and if the trade duration was 60 seconds that’s $500 in 60 seconds.

In the above example I was very conservative, now imagine if the win/loss ratio was 25/75 and the winners only received a 70% payoff.

Can you make money with The Millionaire Bot

I hope the above example resonates with you and lets you know that the odds are stacked against you.

These questions are IMPORTANT:

Do you think it is in the interest of the Binary Option Broker to have traders win?

And…

Why would Brokers pay affiliates commissions upwards of $200 to promote the product to would be investors?

The reality is that Binary Option Trading products, systems and apps like The Millionaire Bot are just clever tools to get people to open accounts with Binary Option Brokers and for the affiliates to get paid commissions.

Is The Millionaire Bot a Scam?

Binary Option Trading Systems like The Millionaire Bot are just clever promotional tools or sales funnels that get average people like me and you to open Binary Option Trading Accounts thinking we are going to become rich. Little do we know that that is far from the truth and the only people getting rich are the Binary Brokers and their Affiliates.

Please bear in mind that these commissions are non-refundable.

Even more important is the fact that Binary Option Products don’t teach you how to make a sustainable long term residual income. Placing Binary Option Trades is no different to playing the slots.

You may Win trades and you will definitely Lose trades but please remember the only real winners are the Binary Option Brokers and their Affiliates.

Conclusion

The Millionaire Bot is just another Binary Options Trading System in a long line of Systems, Products and Apps created to generate New Customers for Binary Option Brokers who are paying their Affiliates $250 per new account.

Recommendation

I would avoid investing in this product. I personally make money online every day using a simple risk free system. Click here so I can show you proof it works.

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