Nova App is a scam. The truth here

May 9, 2017

The fact that you’ve found our site here, means that you want to find out the truth about the Nova Trader App. Or perhaps you are looking for Nova App homepage and want to sign up. Before you even enter your name and email on the website, we just want to warn you that this trading robot is not even legit, in other words, yes it is a scam.

A little bit about binary options trading and why the $1350 per day claim is not even true
You might be new to binary options or forex trading, so let us explain a little bit about programs like these. Unless you live under the rock, probably you’ve heard about stock market trading. However, since the creation of the internet, online trading started to get wider and bigger. This is due to the fact anyone can trade at home or on the road, as long as they have the internet connection. 

In forex trading, for example, you make money for every pip count. For example, if you think that Euro, is going up against USD, then you simply choose to buy. Otherwise, if you think that this currency is going down, then simply choose to sell.

Binary options trading, on the other hand, is different. You choose the option call if you think that the asset, let say EURUSD is going up. Otherwise, if you think that the asset is going down, then choose put. If your prediction is correct, then you will earn back your money plus profit. For example, if you choose to call and then trade $10, then you will earn $18 per trade. Otherwise, if your prediction is wrong, then you will lose all of your money. Some people claim that binary options trading is gambling, but the truth is it isn’t.

However, can you make up to $1000 per day with binary options trading? Of course not
Nova Trader App advertised that you can earn up to $3000 per day with this program, but if you look at the way binary options trading works, there is no way you can earn that kind of money unless you are a trader with a big budget. In other words, if you are a newbie who fell into a hype, then probably you are not at the level where you can earn that kind of money. 

The good thing is, Nova App dashboard can be accessed for free
Yes, if you entered the correct name and email address, together with your phone number, you can access the software dashboard of Nova App for free. However, we don’t recommend you to do that. Why? Because you can see how this software looks like by scrolling down the homepage of Nova App. 

There is nothing special about this product since that is actually a platform provided by standard binary options broker. Also, keep in mind that this software won’t operate properly, just like that, for free. What we are trying to say here, is once you are inside the member’s area, you are required to deposit $250 into one chosen broker account. Otherwise, this software won’t make you money and you cannot see how this software works.

Alternatives to Nova App
We don’t like the fact this program is lying to their customers. We don’t care about the income claim since there is no way anyone can guarantee your own success.

Now, what anyone should look for in a binary options product? Well:

  1. The software or trading robot must be able to be tested on a demo account. In case you are new, a demo account is actually a trial version of any binary options software where you will be given fake money, usually up to $10,000 in one account where you can make mistakes and test the strategies yourself. You don’t need to spend a dime on real money until you are ready. Therefore, if one trading robot doesn’t perform well on a demo account, you can assume that it is actually a fake software or at least not working for you. Make sense?
  2. The ability to customize your trading styles and most importantly budget. This is very important. Traders with a big budget will have no problem of depositing at least $1000 into the trading account, but most people who are into these type of software are actually on a low budget. Which means, $250 is the only amount you’ve got. This is the reason why it is super important to find a real software that allows you to keep the risk as small as you can and then customize the indicators.

For more information, you can check out our #1 recommended app here. 

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Automated Binary is recommended – See our verdict here

April 26, 2017

While we rarely recommend any binary options robots in this blog, Automated Binary is different. Automated Binary is actually an all-in-one trading software that has been improved from time to time again. It supports multiple languages, demo accounts and several trading styles. In this post, we are going to dissect the features and benefits of this software, one by one. 

Binary options demo account – what is it?
One of the biggest risk of any newbies to enter the trading world, whether forex, the stock market or binary trading, is the fact you need to bet your real money into a real account. People tend to make mistakes, and therefore this step is very risky. Which is why we highly recommend that you stay away from any binary options broker or trading robot that doesn’t allow you to test the strategies with a demo account first.

Just like the name implies, a demo account is a trial version of any binary broker. All forex brokers are already providing a demo account for their traders, while most legit binary brokers also do the same these days. In a demo account, you will be given thousands of fake money, where you can test the signals, tactics, strategies or even trading robots into play. Yes, you don’t need to spend a dime to learn, make mistakes and figure out the best strategies that work.

Automated Binary can be tested on a demo account first
One of the biggest reasons why we don’t recommend whatever binary trading software being released to the web lately is the fact you are not allowed to test the product on a demo account first. You are required to deposit real money into the broker account, and then let the software trade for you.

However, Automated Binary is different. All the brokers recommended under this software comes with a demo account, which means you can try this robot several times and lose fake money as much as you can.

Click here to test drive Automated Binary. Risk-free.

 

The features of Automated Binary trading app

  • Several brokers to choose from. You can choose whatever brokers that you like. This is somewhat different from other trading software where you need to choose just one broker in order to trade. Automated Binary comes with several brokers, and they are regulated. You can choose whatever broker that you want and start trading.
  • Turn on the auto trading mode with just a click of a button. However, the results of this software might vary depending on the users. There are settings that you need to follow.

  • Support multiple languages. This software also comes with other languages as well, which is a plus compared to other similar trading robots out there. You can choose from English, Chinese, French, Germany and more. 

 

 

  • Trade currency pairs. There is no option to trade stocks in this software, which could be a minus compared to other binary options broker, but you can trade currency pairs, in other words, EURUSD, EURJPY, EURGBP and more. In case you didn’t know, trading currency pairs are common for forex traders. For example, if the forex trader thinks that EURUSD is going up, then simply choose to buy. Otherwise, if it is going down, choose to sell. In binary options, if the trader thinks that this pair is going up, then choose call. Otherwise, if it is going down, then choose put.
  • Automated Binary works on indicators.  In case you didn’t know, indicators are used by forex or stock traders to make move in these markets. Indicators make their calculations and allow traders to predict the market movement, whether up or down. In Automated Binary, you can use indicators, such as MACD, RSI, CCI, stochastic or even candlestick pattern, in other words, trading with trends. 

 

 

  • The ability to control your risk. Now, this one is very important. As you can see in the screenshot above, Automated Binary allows anyone to choose the budget for every single trade, from $10 to $250. If you are on low budget, we don’t recommend that you risk more than $20 per trade. And then, there is also risk management features such as classic, martingale or Fibonacci.

Classic, Martingale or Fibonacci – what is it?
In every trading or investing tactics, money management is perhaps one of the most important skills that you cannot neglect. As a matter of fact, what differentiates from a successful trader and losing ones is money management. This is another reason why Automated Binary is recommended by us since it has the ability to control your budget and risk. Automated Binary comes with three different money management settings, such as classic, martingale or Fibonacci.

Classic/Safe: Classic is the default setting for Automated Binary app and this setting is recommended for newbies. For example, if you set Automated Binary to trade based on safe settings, this robot will trade the same amount of money for every single trade. For example, if you choose to risk $10 for each trade, then Automated Binary software will always trade $10 on the line, regardless your winning or losing rate.

Martingale system: This tactic had been used by some gamblers and traders for years. In Martingale system, you simply need to double your risk each time you lose. However, while this tactic could be useful for professional traders, it is not recommended for new traders, unless if you test this tactic properly several times on a demo account.

Accurate/Fibonacci: The accurate system is also called the Fibonacci money management system. Fibonacci was a math expert from the 13th century that showed the world how numbers tend to repeat themselves. In Automated Binary, the Fibonacci management system uses what is known as the Golden Ratio. In other words, the software tries to accurately predict when the assets begin to move up or down.

Other features of Automated Binary

  • The ability to view your trading history. If you want to check the results of your recent trades, you can view those within this software. Otherwise, if you want to see the entire results of your trades, you need to login to your broker account.
  • This works on mobile devices too. Some users prefer to trade on the move for whatever reasons. That’s where the Automated Binary comes to play. You can log in, trade and view the results of your recent trades on any mobile devices, whether tablets or handphones.

For more information, log on to Automated Binary website. 

 

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