Auto Binary Signals Review
I started this Auto Binary Signals Review with a great deal of scepticism. After all, how can you boast of such great returns by predicting the result of what is basically a coin toss? However, when I looked more closely, I saw there was much more to it than that…
What is Auto Binary Signals?
Auto Binary Signals is a service that provides users with alerts, or “signals”, telling them when to invest in binary options. The service functions live, enable users to see real-time updates about binary stock options, and giving them the opportunity to invest from within the interface.
For those of you who aren’t familiar, a binary option is a financial option that can result in only two outcomes. A bit like calling heads/tails coin toss or red/black on a roulette wheel (yes I know there’s a zero, but you get what I mean).
Because on paper, Binary trading is so hit and miss, it does have a reputation for being a bit dodgy and you’ll hear the word ‘scam’ mentioned quite often.
The website for this does nothing to allay those fears, being heavy on the marketing and low on the proof. However, I won’t make any judgements until I find out how it works at least.
How does Auto Binary Signals Work?
This is the creation of Roger Pierce, who has been in the investment business since 1982. He has worked at various levels culminating in running his own hedge fund. He tells us he bases Auto Binary Signals (or ABS for short) on 5 different indicators along with a special formula he has created himself.
These signals can be viewed on a dashboard in the member’s area, giving details of the signal and a countdown indicating for how long the signal is valid. Users can then choose to trade in various timeframes between 1 minute and 1 hour.
How long does Auto Binary Signals take to set up?
Getting in is just a case of paying and receiving your login details. You can then view the training and get started with the signals if you choose.
If you abandon any of the tutorials and go straight for the trades, you can be going in 15 minutes, but I wouldn’t recommend it.
You also need an account with a broker who works in Binary Options. As you know, opening an account with a broker is not an instant process, which various amounts of ID and checks necessary.
So yes, you can get going in a few minutes, but you do need to have some things in place first.
How long does it take to use Auto Binary Signals?
One of those will be a basic knowledge (a least) of how the markets and trading works. The training assumes this and uses a lot of industry terms and jargon. If you’re going into this cold, you will be lost.
I’m quite sure this is not intentional. It’s more that Roger Pierce has been part of this industry so long, he’s forgotten what it’s like to no nothing about it.
If you do have a knowledge of what’s going on, this is a quick process. Selecting your trade and auctioning it at the broker is simple. Using the short 1-5 minute option also means you can be in and out in, well, a matter of minutes.
How much can you make with Auto Binary Signals?
There are a lot of factors here. To start with, there’s the amount of money you have to use in your bank. Next, the amount of time you wish to spend doing this. Then lastly, how ‘risky’ you want to be.
The signals all have a ‘strength’ of between 80-100%. 100% being the best, but if you just want to trade those, you’ll be in for a bit of a wait. Trades at 80% are more frequent but are riskier.
Most online tests have used the 90% strength range and found that there were a couple of signals each day, and you made a profit 80-85% of the time.
Based on this information, ABS has the potential to make you some real money.
How much does Auto Binary Signals cost?
For all of the sums mentioned in the sales material ($5000 each week, $7000+ in 24hrs) you’d expect a big price and Roger tells us this normally costs over £2000.
However, it’s available for (and you know where I’m going here) £39 for a short period until. He also tells us we need to hurry as doors will be closing soon.
As this is unchanged from when first came across this over two years ago, we can only assume that take up has not been all Roger hoped … or the ‘special’ price wasn’t that special after all.
Auto Binary Signals Reviews
That’s not the only thing that’s not quite how it seems. ABS is sold via Clickbank (so will have a 60-day money-back guarantee that I should have mentioned above, sorry). There will be a large affiliate network that will get a commission for each one sold via their link.
They are responsible for most of the reviews of ABS you will find online. While I’m not suggesting for one minute that anybody is lying … you need to take into account that many of the reviews you read will have an ‘interest’ in you buying this.
Auto Binary Signals Review Advantages
There is much for them to genuinely praise though. It is a well put together piece of software. With a bit of research or prior knowledge, it is easy to get to grips with and the strike rate seems to be quite good.
Artificially low or not, the price tag of £97 does seem a bit of a bargain, especially when you take into account the 60-day money-back guarantee.
Auto Binary Signals Review Disadvantages
Despite all of this, the way this is sold does give me the jitters. The sales website is a flurry of big numbers and even bigger promises but is painfully short on detail.
This may well be 100% legit but it is marketed in the same way as so many things that have proved to be money-pits or scams.
If you get through that, there is also the fact that this is far from newbie friendly. Anyone seeing this for the first time without any prior knowledge will probably want to run a mile. Which I’m sure isn’t the idea, and I’m afraid it does tip the scales towards the negative.
Auto Binary Signals Review Conclusion and Overall Rating
There’s plenty here to put you off and it’s probably the fault of other, less legitimate sites rather than this one. The fact is, there is probably a perfectly good, perfectly profitable product underneath all of the over the top marketing.
If you want to give this I try, I suggest you use the 60 days grace offered by the guarantee carefully. Increase your knowledge and paper trade these signals until you are convinced this is a good investment.
If however, you go into this with no experience and want to make the most of the ‘fast-buck’ claims made in the sales material … you will end up in all sorts of trouble.