Quick Summary of the Protected Profits
There are many automated software scam in the market today, and one such scam is Protected Profits. Well, the man who came up with this software is Justine Stine. I am a binary options trader, and I am often on the lookout for any new tools or software. Well, Protected Profits was a major disappointment. When you read this review, you will know the reason.
I have never favored going for some automated softwares. The reason is that once you are in automated trading your learning tends to stop, and this is the worst part. You start to rely on the software and are not on the hunt for new trading strategies. Now this is a big setback for any trader, and you will not want that at all. The worst part is that you are not even sure whether the fake automated software will get you anything at the end of the day. Saying no to Protected Profits will be the smart approach.
Now when I was going through the introductory video on the website of Protected Profits it said that if you start with $250 then by dinner time you will have $1000 in your account. Sometimes I wonder that people who make this software do they think that people out there are that naïve and can be fooled so easily. If this were possible people all over the world will quit every profession and will start buying binary options automated software.
If you are wondering how this software works, then let me explain the weird logic that is being put forward. Now look at the snapshot below and you start trading with the $250 amount. You see a chart in the center, and here the core algorithm as per the creator of the software looks in for profit based trading opportunities. Now once that opportunity is found the trade is placed. If at any point there is a loss opportunity then at that point the protected profit algorithm becomes active, and a protected trade is placed. This means placing an offsetting trade for making the loss to zero. Are you convinced? I am not because a software or even the best algorithm can never be that smart.
? Want to make money automatically with Forex, Bitcoin and other Cryptocurrencies, Commodities etc without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! WorldMarkets is for you! With the WorldMarkets AI Managed Account Services, only YOU are in control of your investment funds. WorldMarkets is a trading platform that uses artificial intelligence to handpick highly profitable and low-risk trades for its users. It also goes ahead to trade for you based on analyzed data. And yea, you guessed right, “it almost never loses”. This is indeed the holy grail of trading. It is much more reliable and profitable than paying gurus to trade for you, mulling over candle sticks or playing the luck game. Using this system, investors and traders have recorded over 30% Returns on Investment in less than a month. And with a 100% compound return, you simply cannot lose with WorldMarkets. All you have to do is sit back, manage your funds and let the AI trade for you. Are you ready to start making aggressive profits regardless of the market’s direction? If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to WorldMarkets now and choose a plan to start trading. PS: WorldMarkets is a Profitable Forex/Crypto AI Managed Trading Service. 100% Verified and Recommended by Valforex.com.
Honestly speaking I fail to understand this logic because no algorithm can be foolproof. When I trade, I explore the market opportunities. I usually sign up with reliable brokers that offer me daily updates. I make use of tools like trader’s choice bar and economic calendars. I am not into these gimmicks. Binary options trading is a very technical field, and only the best traders can practically survive here. There is no point that a software can generate flawless trading results so why invest your time and effort in an automated software.
Protected Profits claim that you can place about 15,000 trade setups in just a week. Now that sounds like a big fat lie. Practically when you trade, you have to place your trades wisely, and the margin for loss is still there. You do not just keep on throwing in your trades. I would have been a billionaire if this strategy was that practical. Somehow I feel quite disappointed that the traders are being fooled in like this. Such software put up a bad perception of binary options trading and that sounds unfair to people like me who strive and then trade.
Most people assume and are of the opinion that $250 is not such a big amount, but what I feel is that it is a reasonable investment amount especially if you are a new trader. Just imagine for one minute that you sign up with this software and deposit $250 and get nothing at the end of the day. What can be more frustrating than this? If I were you, I would think 100 times before putting this investment online because it matters to me.
The video on the website had a lot of details about what the creator of the software had achieved had so far. Do you think that it can make a difference to me, or you and the answer are no? What Justin wants to say is that since he is a mathematics wizard his algorithms are foolproof. Well, I do not buy this logic and you should not either. Think logically and the truth will not sound that hard to understand.
Now just knowing that the broker is Banc De Binary is not enough. The website and creator should have given some details about the broker. The reason is that once you sign up with the software you will be making your deposit to the broker. The software owner should give insight to the viewers whether the broker is regulated or not because all these details do make a difference and are important if you want to avoid a scam. I did not find information regarding the broker on the website, so this raises a question.
You May Also Like: Best Performing Binary Options Signal Services
The sales video starts abruptly when you open the website of Protected Profits. There is no proper homepage. There is no help. There is no mentioning of the features. It seems that the website was made in a lot of hurry. People like me are not impressed, and I am not carried away by what the website has to offer. Logically there should be a customer support so that people like me can raise questions if they want. Now just assume that you sign up with the software and get stuck at any point just tell me how will you raise your concerns. There is nobody to talk to so does it sound wise to sign up with the software and the answer is no.
Now there are pictures of the members who signed up for the software on the website. Do you want to believe it? You can get pictures from anywhere on the internet and show them as members who have signed for the software. These are very old marketing tactics to hypnotize the trader into making a bad choice. The real truth is that the number of members does not matter to you at the end of the day. What matters is what you earn at the end of the day so these marketing tactics should not convince you.
Now that we have discussed the issues with Protected Profits let me give you a better option. When you need genuine assistance, there’s a variety of top rated binary signal services that can help you make your options trading a success. The best signal services are listed here. The features of these services are also mentioned here. You can even try out the free signal services listed on this link. This is a much better option than opting for Protected Profits that is just a complete waste of money. Save your money it is hard earned. Protected Profits will not make you a success in a single day for sure.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More