Estimated reading time: 7 minutes
Do you think automated binary trading is not meant for you?
Well, you are right if you end up signing with scam systems. Tragically there is an endless number of scam systems that are out there after your money. If you want to know about some of the latest scams, then you have to be on your guard against.
Note: There’s a perfect alternative to this Holiday Cash Bot Scam which is the binary options robot.
Holiday Cash Bot. This scam has been set up by Ronald Jackson, and the entire theme of the website is very similar to many other scams like the Golden Goose Method, Coffee Cash Cheat, etc. that we have reviewed in the past. If you are looking for any details, read the complete product review.
The sales video of Holiday Cash Bot has no new perception or thought to offer. It is just another product scam that is out there to eat up your hard earned cash. If you value your money, you need to know the details of this system so that you can avoid it by all means.
The system claims that just by sitting in front of your computer for a short while you can earn a lot of money during the holidays.
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Note: If your language is not English, you should use the language dropdown menu at the top right hand side of their page to select your language.
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The sales video discusses the algorithm of Holiday Cash Bot. Now as per the maker of the system this algorithm can read the currency fluctuations at the time of holidays. The weird part is that this algorithm can interpret the currency fluctuation before the currency fluctuates in real.
Usually only technologies like artificial intelligence are smart enough to interpret these changes, and normal algorithms do not have the strategy to read the advanced trading patterns.
Moreover, the maker claims that the user will know about the fact whether the currency will rise or fall 5 to 10 minutes before that change happens. Now this sounds like more of an idealistic situation. This does not happen in real.
Tragically it is these new traders who tend to give into these stories and get carried away.
Now Holiday Cash Bot has the same thing to say about most other trading systems. The system claims to be offered to just about 27 people. The maker claims that he wants to test whether this system will work and how much money people will be able to make through this system.
Finally, the video reveals the catch too. Well for $50 that the trader earns, Holiday Cash Bot will take a fee of about $2.50. Just think how much they will earn when many people try the system, so things are falling in placing for Holiday Cash Bot system but not for the trader. The interesting thing is that the maker is doing all this by claiming that the system is free.
The maker also tries to play with the sentiments of people by stating that what the system earns is partially donated to charities as well.
The biggest issue with most systems like Holiday Cash Bot is that they claim that the system is free. Though it is an entirely different story in real. Now what the traders need to understand is that these systems have a well-defined process because they are professionally designed scam. The sign-up process is free, but using the system is not.
Well, the minute the user signs up, he is then directed to a deposit page where he needs to deposit to the broker that is associated with Holiday Cash Bot, and this is how this system works in real. The traders need to understand this perception.
The demo makes it much easier to decide whether to sign up for a system or not. The trader can trade using the demo and get to know about a system like Holiday Cash Bot. However, Holiday Cash Bot does not provide any such opportunity to the trader, so there is simply no way to figure out the truth about this system. Obviously it is not viable to make a deposit and then learn the truth about the system after losing the money.
Usually, these scam websites are designed in a way that bluffing the trader becomes an easier task. Now when the investor looks at the website of Holiday Cash Bot, then he will see these clickable badges. When these badges are clicked, there is no outcome because they are just there to set an impression on the trader.
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When there is no demo, then the live trading results do not make a difference too. All these are fake results to mislead the investor that he is making a wise choice. Though there is no such case in real. What matters is what the investor earns and he should only base his decision on his personal earning and not what the system is trying to prove. These results can be plain misleading for the trader.
Now the sales video does discuss the algorithm that is used, but it does not reveal how that system will identify the trading patterns. This is something important and just cannot be missed out for sure. A trader needs to know the reality of this system. The video leaves the trader with a lot of questions lingering in the mind of the trader.
All the traders out there need to understand the fact that email is private information that cannot be given out just like that. When the email is given the trader will start to get unsolicited emails that no trader will prefer at the end of the day.
The Holiday Cash Bot website openly spells out the word scam. There is no support available for the trader. Usually, a genuine system has a proper help page. This way the user can ask all the relevant questions. However, the Holiday Cash Bot leaves the trader in the dark, and all the significant questions are not answered at the end of the day.
Now coming to the conclusion just make sure that you say no to Holiday Cash Bot and save your hard earned money. Only those people should even think along the lines of automated trading who are experts at manual trading. If you are looking for a best softwares to enjoy the binary business, don’t go with the scammers like these, follow our recommendations. When you know the intricate concepts of manual trading then it is ok to take the plunge into automated trading.
The investor needs to be very careful with his trading decisions. This way he will not have anything on the line. Holiday Cash Bot is just a scam with a new name, and the trader needs to understand this aspect if he wants to earn at the end of the day. Smart trading decisions do tend to pay off the trader in the end.
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