Platinum Profits Review

Why are there so many new binary options software these days? It is because there are a lot of people who are interested with trading the binary options. This has been occasioned by the opportunities that the widespread use of the internet has brought forth. A good thing to do before opening an account with the new, and indeed any software for trading binary options is to have an in-depth-look at what they have to offer and whether they are legit or not. One of these binary options software is the Platinum Profits program.

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What You Need to Know About Platinum Profits Software

According to available information, the Platinum Profits was developed by a group of programmers led by Ross Barker, a financial consultant. He reportedly capitalized on a loophole in the precious metals market whereby he formulated his unique trading strategy which could use to make lots of money from platinum trades.

The Platinum Profits App was the product of Mr. Barker and his team. Using this app, you can make money from platinum by trading it in the binary options market. Being automated, you can start making almost immediately you sign in. this means that you do not need to have any previous experience or training in binary options. From the app, you only need a few weeks trading to make big profits.

What happens here is that Platinum Profits app generates the signals and then you make the trades. These signals, as the developers’ claim, are the results of an elaborate analysis of the platinum market which they have studied from the records of the last fifty years. It is from these records that they have come up with the right algorithms to make successful trades that you could also be part of.

For the first 20 people who sign up for this app will get it for free. After the first twenty, everybody else who wants to join in this platinum trade will have to pay $1997 for the same the same app. If you are among the lucky 20 traders who get this app for free, Platinum Profits will ask you to pay the full price of $1997 the moment you hit $10,000 in profits.

Trading with Platinum Profits

Trading with Platinum Profits is quite easy. The only difference when compared to the conventional binary options that you will experience is that in this case, you will be trading with platinum, the precious metal, other than actual currency values. The trick here is to make the trades at exactly the appropriate time to maximize your gains. Doing this, which will be informed by the provided signals will give you accuracy levels going all the way up to 95%.

This success rate is achieved by the software scanning the global platinum market, analyzing the data, comparing it with sales trends from the past 50 years and giving quality signals. This unique trading method is what the inner circle at Platinum Profits use to make thousands of dollars in profits.

The Promotional Video

Platinum Profits’ promotional video is where you will find most of the info on what they are all about. Mostly, it is all about Ross Barker and his secret but wonderful system that generates profits in the thousands. He starts out by telling how he wasted so many years earning moderate profits from stock investments. It is from here that he tells of how he developed his secret strategies for a trading in a market overly overlooked by binary options players.

What the video does not tell clearly is how the system works and there is no way to see it in action. You will have to believe Ross Barker and his team that the system works and it generates profits.

One main point that they emphasize is that you are guaranteed to make profits from your first day of trading. A good explanation of what this guarantee will entail and whether it is a money-back guarantee or not is not given. Also not well explained is their version of risk-free trades and what they entail. What they do tell is that the system has made well over $3 million in its first few months of existence.

Platinum Profits

Platinum Profits

The Promises

  1. Platinum Profits talks big on their promise to deliver success rates of up to 95%. This happens to be very close to 100% which means that you are a lot more likely to make mega profits than to lose a trade. The truth of this can only be proven with time and from independent traders.
  2. You will not need to be very experienced in binary options trading to start making your big profits here. The automated system will do all the work involved before a signal is generated. What you will need to do is to receive the signal and make the trade as the signal advices. The automation here is tops and you will not need to go through so many steps to make your trades. The asset will be provided by the software as will be the signals and their expiry periods.
  3. The signing up process is easy and swift; just a few steps to open your account and make your deposit and you are ready to trade. In fact, Platinum Profits promise you that you will be making good profits just one hour after signing up.
  4. Once you make your deposit, you will not need to top it up ever again. This is because the profits will compound to make even more profits from each trade. With a 95% success rate, this is not hard to do as you will be making more money than you will need to spend. Immediately the profits start flowing in, it is when you will realize that you do not need to top up your deposit every so often as is the case in many binary options software.
  5. Risk free trades allow you to experiment with different strategies. This you will do as you learn the ropes of trading with this software.

The Red Flags

  • It is not clear where the system developed by Ross Barker and company declared that platinum is such a steady asset that they can make the right predictions every time. The prices of these precious metals are not static or as predictable as Platinum Profits would like to let you know. They are also subject to sudden price changes.
  • There is the fabulous promise that you will be making profits within an hour of opening your account. This is highly suspicious, especially where they talk of making at least $1500 within a few hours. This is suspect; it is a case of a deal being too good.
  • The promotional video talks about free downloads of the app for the first 20 traders who want to trade in platinum binary options with this program. The rest who come after them will have to part with $1997, the official purchase price. The fact of the matter is that this 20 positions for free downloads of the app do not ever get filled up, even after you log in weeks later. This is a plan to have you open an account fast enough to avoid parting with the purchase price. You can bet that those same twenty slots will still be open for registration six months down the line.
  • There is that promise that you will never need to top up your deposit ever again. This is the promise of earning such high profits that you will not in any way spend money faster than you will be making it. This is the ruse to get you to make your deposit as soon as possible; it will be needed just this once, right?
  • The info on this software says that to make good profits, you will need to invest a minimum of 4 hours each day. What good profits are these if you can make $1500 within hours of joining?

Conclusion

The fact that this is non-conventional way of trading binary options should let you know that you need some more time to watch how this software behaves in the next few months. Also worth noting is that this software specializes on only one asset; platinum. This seems very risky if you decide to trade this metal with Platinum Profits. It is literally, putting all your eggs in the same basket. There is a lot of unpredictability in binary options trading and dwelling on a single asset raises your risk level almost threefold. Stay away from this software until it proves it self to be worth your attention.

What you need to do

To make money in the binary options markets, you will have to be signed up with the best program in the market. This one is easily the Binary Option Robot. The signals they generate are real and backed by intensive research and analyses if the markets, the indices and all other key indicators. You will have multiple pairs of currencies and a wide array of assets to trade with. They make promises they can keep and the brokers you will open accounts with are respected all over the binary options markets. Binary Option Robot is the place to be if you are looking for good profits with peace of mind.

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References and Further Reading

  1. Common Stocks and Uncommon Profits and Other Writings
  2. The Trading Profits of High Frequency Traders
  3. Another look at trading costs and short-term reversal profits
  4. Trading, Profits, and Volatility in a Dynamic Information Network Model
  5. Trading Chaos: Maximize Profits with Proven Technical Techniques
  6. ARE PAIRS TRADING PROFITS ROBUST TO TRADING COSTS?
Michael Allen Gives Overall Rating:

Michael Allen

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.