Altronix App Review
Altronix is a binary auto trader developed and owned by Frank Saunders. He is said (on the site) to be a professional Wall Street trader who developed a liking to binary options and the profit making potential it promises. Apparently, Frank used his extensive trading knowledge from his Wall Street days to create the app, which he says will make you quit your job in 90 days. And not because of stress and exhaustion, although from what we know about this software, that could be a possibility. What he means is that the app will make you so much money that you won’t see the need of sitting behind a painfully uncomfortable desk with a heap of papers waiting for you, anymore.
Surprisingly, Frank Saunders and co. don’t mention how much to expect in daily profits as all other similar sites do. Even so, we don’t believe that this is a sign that they are legit; rather it is something they had to do out of necessity. See, Frank Saunders might be a con, but he isn’t stupid by any means. It is also not the first time that he is doing this, so he, of all people knows what critics look at when reviewing auto traders. He knows that the ‘Sign up and become a millionaire’ bullshit doesn’t work anymore. As such, he pretty much rephrased it to ‘Sign Up and you could be leaving your job in three months’. The two taglines basically mean the same and are very common in scam sites but, being an experienced can, Frank knows to play around with words to achieve the same effect. Unfortunately for him and his ilk, we are always one step ahead of them and can see through any crap sent our way.
How Altronix App works
Frank Saunders talks about designing his software to work like the brain of a professional Wall Street trader, including the efficiency and accuracy. It monitors millions of social media posts, corporate reports such as profit or loss announcements and scans through market news. It then analyzes the data and trades according to the overall market sentiments. To their credit, Frank and his team are right on this (if it is true). Market trends are generally determined by the actions of traders, a concept that has been used in Wall Street for decades. Basically, if more traders are buying a certain stock or commodity, the price of that commodity tends to increase. The opposite is also true. Also, since all traders are human being and are vulnerable to emotional responses, predicting these reactions helps to determine market prices. For instance, if a certain company is expected to announce huge 2nd quarter profits, traders, looking for quick profits, will rush to buy the company’s stock as soon as possible hoping to sell at higher prices. As a result, the stock’s price rises up even before the quarter results are announced.
altronix app main page
To cut the long story short, Altronix App does not really rely on technical indicators such as RSI to generate its signals; it relies on the human factor, so to speak. In most cases, Auto Traders which operate this way rarely go wrong. However, these are very few – the legit ones that is. Otherwise, Frank Saunders is very economical with the truth regarding how Altronix works. As such, we have some doubts about his whole presentation, in particular the part where he explains how the app functions. We noted that he provided very little details apart from the general statement. Thus, the whole thing sounds more like a sales presentation than an introduction to a trading app said to be among the most profitable. Again, we are not told what type of algorithm(s) the system is programmed with. These are usually meant for collection and analysis of data and are very crucial in the whole process. The same applies to the technical indicators which, in this case should complement the human data analysis and assist in the generation of even better signals. If you are a trader who, from past experience, prefers to know the finer details of an auto trader before signing up, the Altronix sales video will be a disappointment.