The Management Software (managementsoftware.online) is a new binary options system that was released a few weeks ago. While the video could be convincing to some people, the truth is, this system is nothing but a scam.
Is the person who appears in the video, Christopher Fernard for real?
The short answer is no. He is actually a fictional character. In fact, if you scroll down to the disclaimer section of that website, you will realise that he is just an actor. Christopher Fernard is not even his real name.
Fake reviews on popular medias
On the Management Software website, you will find screenshots of articles about Fernard in popular medias like the CNN or Wall Street Journal. However, these are just fake reviews. All these medias have never published a single article about this person or Management Software.
Is the Management Software free to try?
Actually, the short answer is no. Yes, we agree that you can access this software for free, but in order to make the money, you need to deposit real money into the recommended broker.
If you enter a name, email and phone number into the website, yes, you can access this system for free
If you are curious, we actually have the proof of screenshot of how this software looks like. This is no different than previous systems that we’ve seen before, such as the Snap Cash Binary or Vena System.
Yes, as you can see, there are options that you can choose from, such as automated trading, signals and more. You can trade currency pairs, commodities, indices and stocks.
We don’t think that whoever created this system is real traders/investors by the way
While we agree that this product is designed by professional marketers and programmers, we can also tell that they don’t know what they are actually doing. In other words, this product is not created by real traders. The reason is simple – there are no common indicators, such as candlestick, stochastic or more which are commonly being used in trading currencies or perhaps stock markets.
Can anyone make money with the Management Software product?
Of course not. This system is designed to make you lose money. There are no settings to control your budget, or perhaps using the right indicators that matched the market conditions.
How to profit consistently from trading?
If you are a newbie, then probably you don’t know that some binary brokers offer a demo account. Yes, just like the name implies, a demo account is a trial version of any trading account, where new traders will be given thousands of fake money to test, make mistakes and then repeat the process until they profit from it consistently.
In other words, never deposit your hard earned cash until you are 100% ready. Think about it this way – if you can profit consistently from a demo account, then probably you will do the same once you’ve deposited real money into the broker account. Make sense?
Is there binary options product that comes with a demo account?
The short answer is yes (and that’s a good news). However, there is not many of them. For more information, you can take a look about this program here.