After looking into the sales video, we don’t recommend Penny Millionaire to our readers. This product is obviously a binary options trap for newbies. There is no way you can become a millionaire by just depositing $250 into the broker account. Let us dive further into this system and see how this product works.

Penny Millionaire is actually not for people who are into trading. It is actually for gamblers
You might already know this, but Penny Millionaire is actually about binary options trading. While some people claim that binary options are not gambling, Penny Millionaire system is very close to gambling. Why? Because this is actually a lottery ticket and not another trading software. 

It is actually not free like being advertised
While you can enter your name and email on the website for free, actually you need to deposit money into the broker account. The minimum amount is $250. 

Not all people are qualified into this system (Too bad)
We entered our email into the website, as well as a UK phone number and too bad, we are not qualified into this system. The website rejected our applications since there are no more brokers available in our country. However, even if you are qualified, you still need to pay $250 to the recommended broker, which is not recommended by the way. 

They didn’t mention how this software works and we doubt that whoever behind this product is a real trader
The video doesn’t even present the facts on how this software works. In other words, we doubt that whoever created this software is a real trader.

All they mentioned is the fact that this software works based on compound interest theory. Yes, compound interest is actually one powerful method for some investors to grow their wealth (More information here). However, this is actually not the case if you are into binary options trading. Binary options trading is not a system where you can earn money based on interest or something like that. 

You cannot test this product on a demo account first
You might not know this, but a good binary options or forex broker will always provide a working demo account first before you can put a real money on the line and test their system. Binary options had been around for years and some regulated binary brokers already provide demo accounts, first, before their traders put money on the line.

The same goes for forex trading. There are tons of regulated forex brokers all over the web and all of them provide a demo account where you can practice and test the water first, before putting real money on the line. 

A little bit about binary options, in case you are new
We have seen tons of binary options related products since 2013, and there is no sign of these scams are going to stop. In case you are new, binary options is actually a simple trading system where you can choose call or put. 

For instance, if you think that one particular asset is going up, then choose the amount that you want to invest and then choose call or put. Let say you want to bet $10 per trade. If you think that the asset, let say EURUSD is going up after one hour, then simply choose call. If your prediction is correct, then you will gain $18. In other words, the binary broker will pay you $8. Otherwise, if your prediction is wrong, then the broker will take away all $10. 

There is no stop loss, take profit or trading software that you can utilize. You simply trade based on time. This is actually somewhat different compared to forex or stock market trading, where you can buy when you think the asset is going up, or sell when the asset is going down. 

The creator of Penny Millionaire, David Forrester is obviously an actor

Just like similar binary options scams before, Penny Millionaire used a fake actor to represent their products. We don’t have any proof that mister David Forrester really exists or not. The same goes for testimonials presented on the website.

Binary options trading is for people with gambler’s mindset
Unlike forex trading, with binary options, you will trade against time. So, it is closer to gambling because there is no way you can guarantee that your predictions are correct after one minute or one hour. 

Alternative to Penny Millionaire and what we recommend
We highly recommend that you are into forex trading. Forex trading had been around for years and there are tons of trading systems or software which are scam free and rated highly on forex forums and trusted review sites. 

If you are into trading software, we highly recommend Adaptive Trader Pro. This is actually a forex trading robot. Unlike other binary options systems, Adaptive Trader Pro can be tested on a demo account first, before you even put the real money on the line. No, this is not a get rich quick scheme. It is a real, profitable software that can make you real money over time. 

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If you’ve read a couple of posts in this website, you should realize that we highly recommend that you stay away from other binary options trading robots. While binary options could be the next trading system in the future, there’s way too many scams surrounding it, since this is actually a new business model, with less control on your risk and budget.  Adaptive Trader Pro, on the other hand, is different.

Adaptive Trader Pro is actually about currency/ forex trading
If you are looking for an alternative to binary options we highly recommend forex trading. After all, with forex, you will have more control over your budget and risk per reward ratio. If you are new to trading, then automated software like Adaptive Trader Pro will be a big help.

Reasons why we recommend Adaptive Trader Pro robot
Reason #1: This is actually a foolproof system. This app has been tested and proven to generate 34% monthly or 1294% per year, on complete autopilot. Unlike other next binary options garbage, Adaptive Trader Pro results have been posted to trusted, third-party review site, like Myfxbook.(Check out the result on myfxbook website here)

Reason #2: This system is geared for newbies who want to make real money online. The problem with lots of forex trading systems is the fact any newbies need to learn technical analysis from scratch before starting to see their first $100 online. Learning technical analysis is actually the way professional traders to their job, but still, it is a time waster for newbies. Trading robots like Adaptive Trader Pro, on the other hand, will save years of your time.

Reason #3: You can test this on a demo account first. You don’t need to lose money first, in order to see how this software works. You can try this app on a demo account first, before putting real money on the line. Yes, this app works on any forex broker that support meta trader 4, which is actually the most popular trading platform online.

We always recommend any newbie to test their next system or strategy with a demo account first, before putting the real money on the line. This is due to fact newbies don’t have any idea on how to profit from the market properly, without proper testing.

Reason #4: This software works on almost all forex brokers, and there are tons of them all over the web. This app is not being advertised as free since this is actually not another binary options hype just to trap you into signing up for another unregulated binary broker. You can choose whatever broker that you want, but we highly recommend the regulated forex brokers which are approved by ASIC, or CySEC or FSA UK.

Reason #5: You don’t need to learn technical analysis from scratch. You can set this app on your PC or a VPS and then let it run by itself. Just like being mentioned, Adaptive Trader Pro will generate 34% profit per month, which is quite good since you don’t need to do anything else, rather than installing and running this app.

Reason #6: Great support from the software creator themselves. This is very important since apps like this require some kind of technical support, especially when you are new to trading. You can always contact them by going to the contact page.

What is Myfxbook.com and why it is related to this app?
If you are into binary options trading, then you should realize that tons of binary options products out there are actually not yet tested by trusted parties. This is due to fact that binary options trading is still a new industry.

Forex trading, on the other hand, is different. Forex/Currency trading had been around for years that there are lots of parties creating independent review sites where you can see, test and decide the right system for you. The most popular ones are Forex Peace Army (forexpeacearmy.com) and Myfxbook (myfxbook.com).

At Myfxbook, the creator of one particular system must register and validate their track records, so you can see that he is a real trader and not just another person pretending to be a professional trader. Adaptive Trader Pro is proven to generate steady profit per month, and even better, this system runs on auto-pilot, since it is actually a trading robot.

How to  sign up and run Adaptive Trader Pro
Step #1: Click here to sign up for Adaptive Trader Pro software app.

Step #2: Get a free demo account and download meta trader 4 (MT4) from any regulated broker.

Step #3: Test this software first on a demo account. You can run this on your PC.

Newbie section – A little bit about forex trading
Unless if you live under the rock in the past few years, you should probably hear about forex trading or currency trading. This is actually one of the biggest markets on earth with trillion of dollars in transactions per day.

Hence, if you can obtain just a little piece of pie, then you will be able to make a good amount of profit online, without having to lift your finger or do lots of work.

How to trade forex for any retail trader?
In forex, you basically trade currency pairs, such as EUR, USD, NZD, AUD, JPY and more. There are a few platforms used by traders around the globe to trade currencies, but the most popular one is meta trader 4 (MT4). MT4 is actually an all-in-one platform where you can make analysis, set up EA robots, like Adaptive Trader Pro, plot indicators such as moving average and more.

Forex traders basically profit from the market by buying or selling certain currencies, known as currency pairs. For instance, if you think that EUR is going up against the dollar, then simply choose to buy EURUSD in the MT4 software. You will convert USD to EUR. Otherwise, if you think that EUR is going down, then simply convert EUR to USD, that is by choosing sell in the meta trader 4 platform.

Can you trade currencies on standard money changer?
The answer is, yes you can. But still, it will cost you lots of time and money. This is because you need to wait in front of the money changer counter, or banks for USD, EUR or whatever currency pairs that you are trading, whether to go up or down. Plus, the spread, in other words, the transaction cost is much higher and it is less flexible. You can save lots of time by just using standard online forex brokers.

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