The Million Dollar Bot is just another rehash product about binary options trading. Yes, the creators of Million Dollar Bot makes you want to believe that you are going to make $1700 per day with their system, but too bad this is just a bogus claim. We don’t think that anyone can make money with this system, let alone hit to that level. Let’s get deeper into this system.
What is Million Dollar Bot all about?
In simple terms, it is actually about making money with binary options trading. You might not be familiar with it, but binary options trading is one simple method to earn money online by choosing call or put.
For example, let say that you think one particular asset, EURUSD is going up. Then you can simply choose the amount that you want to invest and then make your prediction. If you think that this asset is going up, then choose call. Otherwise, if you think that this asset is going down, then choose put.
If your prediction is correct, then you will earn back your initial capital plus profit paid by the binary broker. For example, if you choose to trade $10 per trade, then you will earn back $18, where $8 is profit paid by the binary options broker. Otherwise, if your prediction is wrong, then you will lose all $10.
Want to look inside the Million Dollar Bot?
This software is actually free to access, as long as you give in your name, email address and a phone number into the website. In case you are curious, this is how the member’s area actually looks like:
Can you automate binary options trading with Million Dollar Bot?
Yes, you can. But this Million Dollar Bot software doesn’t have settings on the type of indicators that you can use and control your budget. As you can see on the image above, the Million Dollar Bot software will automatically trade for you once you’ve pushed the auto trade button (the red button). But then, you will lose money quickly since you have no control at all on the risk, budget and more.
Is Million Dollar Bot free to try?
It is only free to access, but not to try. This product doesn’t have some kind of trial version, or should we say a demo account before you can see how this software works. You need to deposit money into the recommended binary options broker first (and we don’t recommend that you do that) before you can see how this software works.
In case you are new, a demo account is actually a trial version of any trading account, where you will be given fake money, perhaps up to $100,000 where you can try one particular robot or strategy, before putting real money on the line. Any new trader who loses money initially will realise that they need to test their tactics on a demo account first, before getting back to the real account.
Alternative to Million Dollar Bot
If you are looking for a real way to earn money with binary options trading, then you will want to learn how to trade manually, rather than relying on some kind of bots to trade for you. However, if you want a shortcut, then please find a binary options robot that can be tested on a demo account first, before putting real money into the broker account.
There are tonnes of binary options broker that provides free demo account for any new traders, but only a few software program that can be tested on these broker platforms.
We highly recommend that you check out Option Robot, rather than this Million Dollar Bot, in case you are looking for a real binary options robot that can really profit from the market and make you tonnes of money. For a few reasons:
- Option Robot comes with several customizations where you can test and insert any indicator into the strategy and see how it works. Yes, you can have different strategies that can produce different results, rather than sticking to just one or two indicators.
- More control over your budget. Unlike other binary options robots out there, Option Robot comes with settings that can help you control your initial budget and risk for each trade.
- Test with a demo account first. This is one of the biggest reasons why we recommend Option Robot. Unlike other binary options software out there that cannot be tested until you’ve deposited real money, Option Robot can be tested on a demo account first, before putting real money on the line. This will ensure that you test one particular strategy properly first, before 100% ready to switch to real account.