A question may often come to your mind and that is can binary option trading turn out to be a profitable venture? The answer is yes. Some people just jump into the venture by trying out manual trading while some test their luck with automated trading.
Note: A good alternative to this Money Code scam is the Super Simple Bot
If you are wondering what is a more lucrative option then you need to use your discretion. If you are experienced then you do stand a chance with manual trading. However, if you are new then you can try trading bots as well, but you need to be beware of the scams like Money Code. Let us unveil the scam so that you can stay away.
The first and most important question is that can the investor trust testimonials and choose a trading bot on that basis? The answer is no. Well Money Code tries to impress the investor with fancy testimonials that hold no real worth. Trading is judged by personal experience and not what others think. If the trader follows this approach then he will reach a dead end for sure.
When an investor truly wants to know more about a trading bot then he needs to explore it. He cannot just form an opinion by just listening to others. Next it is not viable to offer free money to traders. Professional trading platforms do not do that. For example, Money Code states that the investor can make $1225 in the next 6 seconds. Now that is a big exaggeration and not true for sure. They seem to be offering this money to make the trader try the system.
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Note: Be on the lookout for the scammers and choose credible bots.
The reason is that if the Money Code system is really good then there is simply no need for these perks because the trader will want a good system by hook or crook so there is no point. It is never viable to judge a trading bot like Money Code through the perks or the profits. A trading bot needs to be judged by its capacity to allow a trader to learn and grow.
Tragically Money Code lacks such traits so this system is not a good option to choose. Now the next questionable fact is the word free that is mentioned on the website of Money Code. It claims to be free. Well everyone knows that nothing is free in this world so even this trading bot Money Code must be having a motive.
The scam trading bots usually do not take money directly from the traders. The trick is a bit different. The trader has to make a deposit to the broker that is associated with the trading bot. Usually the profits are shared between the scam trading bot and the broker. This means that it will be a winning situation for the scam trading bot, but a losing situation for the potential traders. Thus the investor needs to be quite wise if he wants to earn and does not want to lose money.
The worst part is that Money Code seems to be making use of unknown brokers like the one mentioned below.
Note: Avoid the scam systems and choose the real ones.
Money Code does not offer a proper walkthrough to the trader and that is what makes it a bad choice. The trader needs detailed insight. The promotional video of this system also fails to leave an impression. The video needs to look into all the features of the system so that the trader can get to know how the system will help in the first place.
Now an experienced trader will judge from this fact that this system is a scam. However, the naïve traders are the one who tend to be more hopeful and feel that they can earn through the system so the trader needs to act wise if he does not want to end up being a loser.
What makes Money Code worst is that the algorithm used is not discussed. This is a setback because the trading methodology is not clear. This makes the system more risky for the trader who lacks the knowledge. There is no way a trader can survive in the trading world if he lacks the vision regarding trading.
The promotional video can turn out to be something quite useful for the trader provided it offers valuable information, but this is not the case with Money Code. It does not offer vision to the trader and fails miserably in putting up an impressive picture. The investor will not even feeling watching the video till the end because it is simply useless and does not leave a mark.
The website of Money Code is yet another blow to this system and clearly magnifies that it is a scam. The website fails to catch attention and it seems that the person who designed the website had no vision so the investor should not opt in for this system at all. The system does not offer a free trial so that is enough to ruin a trader who wants to get success coming his way.
Now what the investor will miss the most is live customer support. This is something that can truly help the trader judge the authenticity of a system. When the live support is there the trader can raise the questions there and then. This solves the problem. However, Money Code has been quite clever about this and never offered this facility in the first place. This is what makes this system a bad choice.
When the customer support is not there then there is a possibility that the trader can get stuck up with his queries. Interestingly the website asks for the trader’s email address, but does not offer the website email. This shows they do not have a brand and credibility.
It is best to avoid Money Code because it will never secure the future of the trader. If the investor signs up with this system then he will lose money eventually and no trader eventually wants this to happen. The investor needs to devise a strategy if he wants to trade using trading bots. He needs to investigate them so that he can identify the potential scams that can ruin the future of the trader. It is best to get detailed insight about a system even prior to trying it out. This way nothing will be on the line for the trader.
The investor needs to be pretty careful and should not give his email to a scam system like Money Code because his inbox will get flooded with scam emails that are of no use. These are marketing tactics to compel the trader to make the wrong choice.
When the investor opts for a trading bot he should check the reputation and check out the brokers that are associated with the system. It is always better to have information about the algorithm that is used by the trading bot as well. Say no to Money Code and just choose the best trading bots. This quest may be hard initially, but eventually the trader will get hold of real trading bots that offer value to the trader so the investor just needs to make the smart choice to get the success he needs.
When you have the best trading bot you will never get losses coming your way so make the smart choice and shun Money Code.
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