Binary Wealth Bot Review

| December 4, 2012 | 1 Comment

Product: Binary Wealth Bot

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Binary Wealth Bot is a new binary options trading software and today I’m going to share with you my full review.

Binary Options trading has become very popular in the past 6-12 months and because of that many people have started bringing out products that are designed to help you be more profitable when trading binary options. So is Binary Wealth Bot one of these products?

When you purchase the Binary Wealth Bot software you will be given access to the members area where you can download the software. The members area also gives you instructions on signing up with a binary options broker and also video tutorials on how to use the software to place trades.

At first glance it looks like a cool software, however if you actually start using the software you start to wonder how it is making it’s predictions.

The way it works is that you pick which currency pairs or stocks you want the software to make trading decisions on and then it will go ahead and tell you when the right time to enter a trade is. Since I am a forex trader myself I understand binary options as well as real FX trading and there are no clear signals as to why the software is making these trading decisions.

I used it last night for a couple of hours and my results were not good, it seemed that the outcomes of my trades were based purely on luck, I ended up winning around 40% and losing 60% which meant overall I lost money.

My personal opinion of Binary Wealth Bot:

a) You don’t need software to be successful trading

b) This software has a poor success rate

So there you have it! I have given you the facts based on my own experience using Binary Wealth Bot. You can make your own decision on whether you are still interested in it.

If you want to learn more about what I do recommend click here to visit my recommended products page

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Category: Reviews

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