Global Auto Trading – Is it a Scam

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How to Avoid Forex Trading Scams

The foreign exchange (forex) market is huge, with an average daily trading volume of more than $5 trillion, including currency futures and options. It’s also not very well regulated. That means the opportunity still exists for many forex scams that promise quick fortunes through “secret trading formulas,” algorithm-based “proprietary” trading methodologies, or “forex robots” that do the trading for you.

Before getting involved in forex trading, perform your own due diligence by visiting the Background Affiliation Status Information Center (BASIC) website created by the National Futures Association (NFA), the futures and options industry’s self-regulatory organization, to learn how to choose a reputable broker and avoid scams. Before dealing with the public, every company or person who wants to conduct off-exchange forex business is required to become a member of the NFA and to register with the Commodity Futures Trading Commission, the government agency that oversees futures and options trading. You can search BASIC to find out what regulatory actions, if any, have been taken against a particular individual or firm.

Signal Sellers

One of the challenges a rookie forex investor faces is determining which operators to trust in the forex market and which to avoid. Signal sellers are one group of operators to consider carefully.

A signal seller basically offers a system that purports to identify favorable times for buying or selling a currency pair. The system may be manual, in which case the user must enter trading info, or it may be automated to put through a trade when a signal occurs.

Some systems rely on technical analysis, others rely on breaking news, and many employ some combination of the two. But they all purport to provide information that leads to favorable trading opportunities. Signal sellers usually charge a daily, weekly, or monthly fee for their services.

A frequent criticism of signal sellers is that if it were really possible to use their system to beat the market, why would the individual or firm that has this information make it widely available? Wouldn’t it make more sense to use this incredible signaling system to make huge profits for themselves?

Other analysts distinguish between known scammers and more reputable sources of market information that offer a well-thought-out signaling service.

Behind these opposing views lies a larger difference of opinion about whether anyone can predict the next move in a trading market. This fundamental disagreement won’t be settled any time soon.

Nobel Prize-winning economist Eugene Fama proposes in his well-regarded efficient market hypothesis that finding these kinds of momentary market advantages really isn’t possible.

His economist colleague Robert Shiller, who’s also a Nobel Prize winner, believes differently, citing evidence that investor sentiment creates booms and busts that can provide trading opportunities.

The best way to determine if a signal seller can benefit you is to open a trading account with one of the better-known forex brokers and enter practice trades that don’t involve real money based on the signals. Be patient, and with time, you’ll determine whether predictive signaling works for you or doesn’t.

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Is binaryoptionautotrading.com a legit software? Does it work?

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OK SCAM BUSTER was just about to retire for the night but no problem we can go on another mission. ……. give me a minute to get my costume on…..

OK quick look at the site they can scam you in most languages so pretty cool.

Lets try and contact them………….. No chance just a fill in type form. No address, no nothing!

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Bitcoin Trader Review, SCAM Bitcoin Trader Is a Cryptocurrency Fraud!

The Bitcoin Trader SCAM software (not to be confused with Bitcoin Code) is a fake trading robot and we blacklisted it in our fair and impartial review and investigation. First a word of caution, we have warned our members about the recent surge in Bitcoin scams which are riding the recent wave of endless success stories about new Bitcoin Millionaires. It’s imperative you understand that the Bitcoin Trader Scam has nothing to do with legitimate or genuine Bitcoin Trading, and it is merely another get-rich-quick scheme designed to steal your money. Furthermore, the affiliate marketers and thieving brokers pulling the strings behind this filthy app are conspiring against you in a brazen attempt to defraud and steal your hard-earned money. It should also be noted that these online promoters usually employ stealthy SPAM email marketing tactics that penetrate your inbox. You should also be made aware that clicking on any of the links in your emails or spammy pop up message you may be receiving puts your computer or device at immediate risk of getting contaminated with a Trojan Horse or various forms of malware and spyware. This has been confirmed after our scam alerts center received multiple virus complaints related to the fraudulent Bitcoin Trader app. In short, this bogus system is an extremely misleading and deceptive piece of technology which was designed with pure malice and the deliberate attempt to defraud unsuspecting opportunity seekers looking to cash in on a trustworthy app. Keep reading to see how we exposed the cheaters behind Bitcoin Trader and why our staff or researchers has ascertained that it is a confirmed financial scam.

Official Website, Login Page, and Members Area: This Domain is Constantly Changing to Spoof and Trick You

Quick Update 2020: Bitcoin Trader has been copied, duplicated, and adapted to suit the needs of various affiliate network and offshore brokers. Regardless of what fake Bitcoin Trader review you happen to read, Bitcoin Trader is a SCAM and there is no possible way to generate money using this fake trading app.

Proof of SCAM
Below you will see the Bitcoin Trader primary sales page. You should know that the commentary by Jake Tapper from CNN, Bill Gates, and Sir Richard Branson are completely and intentionally taken out of context and used as a form of fig leaf in order to hide and conceal the true intention of this filthy scheme.

Here you will find the testimonial page of the Bitcoin Trader titled as “Hear From Our Members Who Rely On Our Software to Fund Their Luxury Lifestyles”. Again, these are all image bank actors, or alternatively just people who have had their pictures stolen without giving prior consent.

And for the final nail in the coffin, here we have the Bitcoin Trader FAQ section which boasts a 99.4% level of accuracy. That is just not possible and a complete lie and fabrication. Any system with that level of accuracy would create instant millionaires, and we all know that is detached from reality and totally fallacious.

Bitcoin Trader Review – SCAM Software
“Bitcoin Is Making People Rich And You Can Become The Next Millionaire” That is the first thing you see when looking at the sales page. This software is being marketed as an exclusive club for opportunity seekers looking to make insane returns and make fortunes. They claim they have retreats across the world and all you have to do is work a few minutes every day. That is their dirty sales pitch and how the software is presented.

Key Differentiating Factors (More Lies)

Laser-accurate Performance: Double or even triple your original investment with a 99.4% accuracy level.

Superior Technology: Advanced programming precedes market rates in 0.01 seconds so you have an “edge”.

Award Winning Trading App: Awarded Number 1 in the trading software category for the US Trading Association.

How Does the SCAM Work?
They give you the famous three steps about signing up, funding your account and immediately profiting. Behind the scenes what really happens is that you have unethical online promoters peddling the dirty software and then splitting the loot in what is commonly referred to as a revenue share scheme.

Is it Free?
Of course it is not. Access to this sham (for the lack of a better word) will cost you at least $250, and that money will be charged to your credit card by rogue offshore brokers looking to get their dirty fingers on your credit card.

In Reality
What we are witnessing here is a complete farce and has nothing to do with real bitcoin or bitcoin trading. This is a classic get-rich-quick scheme with all the trimmings, so expect to get your wallet fleeced by thieving brokers. We have all the tell signs evident, namely hyped up or exaggerated claims of easy money, heaps of fake testimonials, inflated bank accounts, and outright lies. There is no narrative or any person who is presented as the person behind the software. Its just a pack of lies wrapped up in hype and hot air designed to bait you.

Other Viral Scams Trending
The ones to watch out for are Bitcoin Code and Auto Crypto 247. Most likely the same fraudsters are behind both scams.

Forex EA Signals Versus Options Trading Robots
If you are deliberating and not quite sure about what kind of trading app is best for you then it is perfectly normal. Our staff has compiled a short yet reputable list of consistent money-making machines. These are all showcased in our recommended section.

Bitcoin Trader Review Summary and Conclusions
This software is a farcical scam and therefore entirely blacklisted in our revealing review and investigative report. For those of you who have already taken the bait and tested the waters by depositing or funding a real money trading account, you should know that Bitcoin Trader is a verified investment scam and you should not reinvest at any point and time. You should also be made aware that the con artists behind this fake trading robot are convicted felons with a checkered past and an extensive criminal history (that’s the real secret and regrettably also the truth). These crooks specialize in credit card fraud, identity theft, software manipulation (rigged systems deliberately set to lose), and tax evasion. There is no way for you to profit here, and even if you have made a few measly bucks you are sure to lose them if you continue trading. In light of all the proof and evidence our staff has compiled, we are compelled to blacklist the Bitcoin Trader software and recommend our members and viewers seek alternative trading avenues. As always, we would like to invite you to join our Facebook Group and YouTube Channel, so don’t wait and get educated!

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