Binary options trading is experiencing its golden period. Thousands of new traders are joining into the already impressive numbers trading daily. The reason for this is the freedom to trade from wherever you are in the world and at whatever time. This freedom has been realized as a result of the advancements in technology. With this growth of the trader numbers is the growth in the number of trading platforms, especially auto trading robots. This is an in-depth look at one of the newer software, the Cash Camp software.
One of the first things that you are going to note if you are searching for information on this software is that it does not rank highly on Google Trends. This could be because it is a fairly new outfit and they haven’t fulfilled their optimization goals yet.
The first thing you get when you land on their home page is nothing short of what you will find in many new binary robots; a video with testimonials on how the software changed people’s lives and how they are now able to make thousands of dollars every day. This looks like the standard formula these days. You do not get to search for the information you want here, they tell you what they want you to know. Here you will find even what they do not tell you, especially what they do not want to tell you.
The CEO of this software is one Michael Solovsky. One good thing about this software is that they do not tell you thatyou will make millions overnight. What they do is inform you that there is no system that can do that. What they say is possible is to help you make thousands of dollars each day with minimum fuss. It is an automated platform which means that anyone, including novices can trade here.
Cash camp claims that so far, they have managed to change the lives of over 54,000 traders by giving them the financial benefits they previously just dreamt about.
Like in the other binary options trading robots, promises here come thick and fast. Here are the main ones:
Fully automated: This software offers autopilot functions. This means that you will not have to do much as the system will provide the trading signals and trade according to your instructions. This will especially be attractive to the beginners in binary options trading. This is because they will not need to be experienced professionals to make money.
Success rate: Cash Camp promises a very high rate of success. At 97.3%, it is one of the highest in the industry today. Even for binary robots this one is a little on the higher side. You need to be a little skeptical here because even professional traders with years of experience under their belt will tell you that such success rates are almost impossible to achieve.
Daily signals: Cash Camp promises the same success rate for the 120 signals they promise to provide every day; 97.3%. What this means is that virtually all your trades that follow these signals will be winners. Another tall order for this software, unless it has the best signals in the world.
Projected profits: While this software does notpromise to make you a millionaire after a few months of trading, it promises to help you make at least $1,000 or more each day. Not bad at all if it is true.
Expiration times: With Cash Camp, you will have a wide choice of expiry times for your binary options trades. They could be as short as 30 seconds or as long as 365 days (1 year)
Live chat feature for interaction: This platform promises you a live chat feature that will enable you to interact with existing members and with experts in the binary options tradingtechniques. It is from such experts that you will learn about Cash Camp, and how you can make money like the rest of the traders already trading with them. The other members you find there will also interact with you and share their experiences with you on their time at Cash Camp.
Round the clock support: Cash Camp promises you and all other traders who sign up that you will have unlimited support at all times, day and night. Their customer support, they say, is through email, through live chat and telephone. Apart from that, you will be provided with your own guide to help you around your trading especially if you are new to binary options and the trading involved including interpreting the signals and all that.
Competitions: This platform will conduct competitions from time to time. Just by signing in, you are eligible for a free competition for your first 10 days at Cash Camp. You stand to win $10,000 if you are among the highest trading members.
Multiple assets: Most of the binary options automated trading platforms entering the market today only offer currency pairs as the only assets you can trade in. Cash Camp offers multiple assets. This will be from currency pairs, indices and commodities as well. For a beginner, this could be a little confusing but for an experienced trader, this is a good offer as you will be able to change from one asset to another depending on the state of the market and the signals provided.
Choice of trading styles: At Cash Camp, you have the freedom of choice whether you want to trade manually or use the fully automated system. This allows everyone, despite their trading preferences to have a place in this platform.
User-friendly interface: You will not find a cluttered interface where you will have difficulties finding what you are looking for. The software’s interface is easy to use and you will find it quite easy to trade here.
Minimum Balance: The minimum balance has been reduces to $250 down from $400. This widens the pool from which they can draw their customers.
The Red Flags
It looks quite like a good platform to trade with but there are some issues you need to consider if you are thinking of trading with Cash Camp. They include:
The success rates advertised for the signals that they provide are not achievable that easily. Some industry experts even opine that it is impossible to hit such highs in forex trading. The thing is; why should the software promise something that is almost impossible to you? Is it that what they really need are you to post your deposit? This promise should not form the basis of if you will sign up to this software of not. You simply won’t make that success rate any time soon.
You are promised to be part of a competition for the first 10 days after registering as a member. This $10,000 you stand to win will come if you make the most trades within that period. This means that they want you to hit the ground running. Why would they want you to go into multiple trades even before you have had a chance to have a feel of the software? If you have your eye on the prize, you may hastily make trades that will wipe out your deposit as well as any profits you may have made and lose out on the prize anyway.
If you are trading manually on Cash Camp, you will need to invest a lot of time deciding on the way your trades goes if you are going to make any money here. This will probably make you switch to the auto trader which is not probably what you wanted in the first instance.
While you do get assistance from customer support, it is really quite slow. Could it be that there so many people experiencing problems with Cash Camp, or are they just unreliable? Traders are always looking to have their issues sorted out with a high degree of promptness if not instantly.
Cash Camp promises so much a good part of which is nearly impossible. As a trader, you are advised to give this platform a miss until it trades for some time to prove that it is really worth being taken seriously. Their claim that they have changed the lives of over 54,000 in the veryfew months that they have been in operation is an exaggeration; makes you wonder what else is.
What you need to do
Sign in to a binary robot that keeps all the promises it makes. One that has excellent customer support and one that delivers on the promoted success rates. This will be the Binary Option Robot which has been consistently returning good profits to their traders for several years now. Signing away your hard-earned money to an outfit that you can barely get any information on is a risk you do not want to take.
Thousands of traders continue to make profits every day on Binary Option Robot and you can join them today and reap the benefits they have been enjoying all this time.
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Michael Allen is the main author at www.binaryoptionrobotinfo.com. He holds a PhD in Economics and has worked in investment banking for 24 years.
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