The Bank Tracker Bot (BTB) has gone viral and people have been requesting us to write a follow-up Review about it. Recently, many Scam software releases every day to cheat people. We have observed some similar software released in the binary options industry and most of them turned out to be a scam. So, judge and analyze before you sign up with an automated signal system. We advise that you subscribe to our blog to stay updated about the new software reviews. Let’s analyze the software and decide whether we can register with this or not.
Flashback: Bank Tracker Bot
Michael George, the alleged CEO of Bank Tracker Bot, used to work in a big IT company where he used to support clients of an accounting software. He used to work hard and round the clock, even on weekends instructed by his boss. One day a phone call changed his life. One of his university friends called him and told him how he became so rich by using the Bank Tracker Bot software. Working as a financial trader, he used to follow technique to trade bank stocks without using any charts or indicators. He never traded any assets without bank stocks. As stated by Michael, bank stocks trading is less volatile and easy to predict the direction. So, the accuracy of winning is much higher than any other stocks or assets. His friend Steve used to trade binary options with the Bank Tracker Bot App. He invited Michael to try to test the BTB system. Michael was unsure about the success rate of the system. However, he used the binary trading software and amazed to see the results. He shows how his $600 turned into $1000 within just an hour. After a month, he made $30,000 and quit his job to become a successful binary trader. See Recommended Brokers
Bank Tracker Bot Analysis
The Bank Tracker Bot program trades only bank stocks. The signal system can generate winning trades without analyzing charts, indicators or fundamentals. We are not sure how the Bank Tracker Bot system works because there is no information on the promotional video or written on the web page. The only information you can find is that the Bank Tracker Bot trades bank stocks. Well, if you trade blindly by not analyzing trends, indicator, financial data and technical analysis, then that is not binary options trading. That is more likely gambling and we never suggest you to invest money in gambling. Michael tells you a story about his friend Steve who informed him about this Bank Tracker Bot signal. But, Steve was not introduced during the video presentation. It made the story suspicious.
During the video presentation of Bank Tracker Bot website, Michael shows how anyone can make money. He put a $600 trade, which was his balance and come back later and shows the balance reached $1100. Isn’t it amazing? Well, it’s not. Because you should trade according to your balance. Pro traders place trades 5-10% of their real balance. So, if they lose the trade they don’t actually lose their entire balance. That’s called money management. What if Michael lost the trade of $600! He had to refill his balance again. So, we don’t recommend this type of trading software which can wipe your entire balance with the blink of an eye. See Recommended Signals
The funniest part of the Bank Tracker Bot video presentation was Michael’s statement about his fancy car, a villa in Italy, a villa where he lives with his 25 years old wife. He also added that he made $10,000 in May 2016 by using this Bank Tracker Bot program. So, how he can afford the fancy life he is leading with that type of earning! Don’t just register with the software and keep your money safe.
Recommendation: Stay away from Bank Tracker Bot
We want you to learn how to trade properly. Use some binary indicators and charts to increase your success rate. Learn about the fundamentals and trade on Demo accounts until you become an experienced trader. Please don’t gamble with your hard-earned money. Peace!
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