Name: Binary Stealth
Overall Rating: SCAM!
Let’s talk about robots.
No, not the cute little ones that sweep our floor.
I am talking about the no holds barred, thinking, acting, logical, actual robots. Okay, maybe not so much a metal indestructible rage machine built for the sole purpose of terminating, but a thinking and logical robot none the less.
Let me tell you a little bit about binary options and, specifically, Binary Stealth.
Let me tell you what robots claim to be able to do for your bank account. Or, if we are being completely honest here, what it could potentially do TO your bank account instead.
According to “www.nadex.com” the basic definition of binary options is
“limited risk contracts based on a simple yes/no market proposition like will the markets go up by the end of the trading week.”
Or, as it goes on to explain…
“Binary options ask a simple yes/no market question. Will the price of gold be above $1700 at 1:30pm? If you think yes, you buy the Binary Option. If you think no, you sell. The price at which you buy/sell is not the actual price of gold, but rather a value between zero and 100.”
This all seems pretty basic, right?
You are asked a relatively simple question, and, based on your answer, this binary bot system will determine whether you want to buy or sell whichever product, stock, bond, currency, or whatever trade you may be holding. So, using these basic algorithms, Binary Stealth and it’s team of robot trading warriors are able set you up with exactly what it is you would like to do and accomplish.
Sounds decent enough…and in theory it CAN be…but that is, of course, before taking other factors into effect.
ROBOTS VS. HUMANS
The difference in the way a human and programmed brain works are vast and, frankly, all of these ways come into play with Binary Steal.
It starts out claiming to be no less than 90% accurate, which, if you know anything at all about trading, you know is statistically impossible, especially for an automated trading bot. Next, it also claims to have been mentioned by name by a host of national news sites.
None of these sources have had major stories about this site and, at best, have MAYBE had a passing mention of binary sites in general that its name may or may not have scrolled across the screen for all of one second.
The site itself is clunky at best, not very user-friendly, and is difficult to navigate, especially for a novice. The site does little to explain how it works, where it’s signals come from, nor does it guide you on how to make the best profit you can possibly make from it.
I can’t speak for everyone, but when someone else claims to be able to make me up to 3 grand a month with little to no effort, I tend to want to know exactly what they will be doing with my investment once I had them over a lump sum of cash.
BinaryStealth may not ask for a payment up front, but of course, as the saying goes, you have to spend money to make money. All I am saying is, once I DO spend my money, I would just like to know how you plan on earning it back for me.
Ultimately, however, even aside from all the ambiguity, the most damaging factor about the site is the testimonies.
REAL WORDS FROM FAKE PEOPLE
It’s not a surprise that testimonies can be faked. Many a snake oil salesman of the past have made up tall tales about how Mr. Johnson over in Johnson county swears by their product and urges you to do the same. Only, there is no Mr. Johnson and there is likely not even a Johnson county.
And, sadly, the same can be said for BinaryStealth.com.
If you take a moment to browse the testimonies, you will find a host of good, hard working folk who have had doubts just like you but through caution into the wind and came out some $3000 richer. This is all well and good, until you do a 5 second google image search and realize that most of the people portrayed are stock photos and likely waiting inside your next photo frame, waiting to be noticed.
Let’s face it, if even just one of these people are not real, who’s to say that any of them are at all?
Robots are great. As a species today, we have invented and created devices that far out any and all creation that our ancestors could have ever dreamed.
In less than a century, we went from the concept of flight to space travel and we move forward every single day.
When it comes to money, however, maybe it’s best if you invest for yourself rather than hand over your hard earned savings to a pre-programmed AI in hopes that it knows better than you what to do with your cash.
Sometimes it’s okay to play it safe.
Sometimes it’s okay be human.
And it is always…ALWAYS a better idea to invest in your life rather than a robot. Remember, they don’t all just want to sweep your floors and clean your mess…sometimes they just want to clean out your bank account.
And happy investing.