Estimated reading time: 6 minutes
Binary option trading appears to be very simple to someone. However, the reality is a different picture altogether. Trading is not that easy or simple. You need a rare combination of talent and experience. Well now there are some scam trading bots out there that are misleading the traders to believe that binary option trading is easy. Well one such scam is Midnight Money Machine.
Note: A good alternative to this Midnight Money Machine scam is the Super Simple Bot.
The truth is that trading is not quite a simple job. This deceptive trading bot is leading the trader to believe lies that are not true. Thus the investor needs to act intelligent and make wise decisions.
Midnight Money Machine why it deserves to be termed a scam?
Well Jeff Farrell is the man who came up with the concept of Midnight Money Machine. The Midnight Money Machine video states that this trading software will make the investor extraordinarily rich. Well the truth is that wealth does not come in so easily so if a trading bot is giving this perception to the trader then it is nothing, but a lie and the investor should not believe this scam at all. He needs to think with a practical mind if he wishes to earn.
Now another common term among the scam trading bots is that they give the picture that the user is invited to use the system. However, that is not the case in real. These scam trading bots are always available for the trader to use. Now another popular term among the scammers is test driving the system. Well what the scam system like Midnight Money Machine does is that it allows the people to sign up free. However, when the trader has to use the system then he has to make a deposit to the system.
This is how these scam systems earn. Usually the brokers and the scammers share the profits. Thus the concept of testing is just meant to fool the trader.
Note: Do not choose scam trading bots and only sign up with reliable systems.
Now Midnight Money Machine tries to give the perception that this trading bot is very popular. They say that trader just needs to give 7 minutes to this trading bot a day though it takes years to master the art of trading and earning. Next the video moves to the different phases in which the trading bot will be released. The first stage is termed as alpha.
The video of Midnight Money Machine states that at this stage the trading bot will be tested by the internal staff only. Next phase is the beta phase where the alpha testers invite individuals to test the system. Now this is where the scam starts. As mentioned above the trader will have to deposit to the system to make it functional.
When the Charlie phase starts more users will be invited to use the Midnight Money Machine so that the traffic capacity of the system can be checked. As stated by the video all these stages are free for the trader. However, in real these stages are not free. This is just a cleverly designed scam. Now the final release as per the video is the Delta Phase. Now this scam trading bot tries to give the impression that they are following an organized approach to improve their system. However, the reality is a different picture.
They are just playing mind games with the investor to convince him that signing up with this trading bot will be the smart move. Thus the investor needs to act smart and should not be fooled into opting for this system.
The biggest issue with the Midnight Money Machine video is that it is deviating from the main point and that is how the trading bot works. It is important to know which trading algorithm has been used in the implementation of Midnight Money Machine. These are very important points that just cannot be ignored at all. The video is boring and lacks a well-defined theme. It is enough to put off any potential investor who is looking for an opportunity to make money through binary option trading. It is the first clue for the investor that this Midnight Money Machine system is a scam.
Midnight Money Machine website the second clue that this system is a scam
Well an investor expects a binary option trading website to be exciting, but it is not the case. The website lacks the impression. The investor will not get the feel to sign up with this system when he sets an eye on the Midnight Money Machine website. The site is very boring as well. There are so many aspects that are missing on the website of Midnight Money Machine. First of all there are no defined widgets. There is no proper about us page as well.
Secondly there is no overview of Midnight Money Machine on the website. This is yet another drawback about this system. When the trader looks at the website of this trading bot then he will not get a clue about this system and this is a big setback.
There are no testimonials on the Midnight Money Machine website which is common practice on most trading websites. The trader misses out the social media link as well because this way the investor can get an idea about social media popularity of the trading platform.
Note: Keep an eye on the scam trading systems and choose reliable options.
The Midnight Money Machine website does not give any indication whether they offer a proper demo. There is no use of beta testing. What is important is the presence of a demo where the trader does not have to invest a dime. The trader cannot trust the credibility of the system without looking at the demo.
The biggest shortfall of this Midnight Money Machine system is the absence of reliable customer support. They just give the option to the trader to send in an email, but that is not enough. There are times when the trader needs an answer to detailed queries. An email cannot answer these concerns. The live chat option is also not available. This means that if the trader wants to put forward questions to the customer support then this facility will not be offered to him as well so there is nothing exciting about this trading system at all.
What the investor needs to do
The investor needs to understand the fact that if he invests in a scam trading bot then his money is gone forever. He should not take the risk in the first place. The best approach is that before signing up with any trading bot the trader should acquire detailed information about the system.
The trader needs to be careful in his decisions. The good news is that there are reliable trading bots as well. The investor should think on the lines of opting for such a trading bot if he values his money and peace of mind.
The trader should shun the idea of opting for Midnight Money Machine and this is the only way that the investor can get success with trading. This trading scam will cleverly deprive the trader of his money. The investor needs to make smart choices if he wants success coming his way.
It is also important to discourage the scammers so that they do not continue trapping new traders. This approach will help the investor and he will be able to get success. Choose reliable trading bots that offer realistic incentives and this way the investor will get the results he wants.