Lazy Trader App is a binary options signals product that only opened on January 30th, 2016. You probably want to know if you should use LazyTrader, and will it make you a lot of money, like Rick promised on his website.
Lazy Trader App Review
WARNING… You should know that a “scam broker” will steal your money, see how.
Be Smart, and use a licensed and regulated broker, look here.
Lazy Trader App system is very much like many other binary options trading signals software. When you watch the video, the actors sound very convincing and genuine. They are trying to make you believe that we can also make $237 an hour, by following the trading signals that the Lazy Trader App software generates. We also received the email telling us this is the newest and greatest software to use.
Serious investors and traders of Forex and Binary Options already know that a signal is only as good as the timing of the trade. If some tells you to buy the Euro against the US Dollar because it is going up, you will make money, only if you buy and sell at the correct time. If you buy to early or too late, especially when trading binary options you will lose money.
Compare this software with OptionRobot.com.
Lazy Trader App Scam
There were a few problems we noticed during our review of Lazy Trader App.
- I wanted to use a regulated legal broker, but they gave me a scam broker.
- What are the signals based on? Are they random or is there a technical analysis method behind them.
- Which Expiry Time should I use on the binary option that I am buying. Is this signal good for 5 minutes or one month.
- They are making very large claims about potential for profits, which can lead to complaints.
If you look at the actual software, you will see that it only tells us the “Confidence Factor”, who knows what that really means.
Recommend Fake Brokers
A major problem with any free trading signals software or automated trading robot is the brokers they chose to work with. As we mentioned at the beginning of this review, if you want to know how you will lose your money trading binary options, you should read about how the binary options scam works.
Trading binary options can be profitable and fun, as long as you are using a licensed and regulated broker. Every country has their own government agency that gives licenses to brokers, including the CFTC which regulates Nadex.com, and ASIC in Australia which licenses HighLow.net.
Go visit our best brokers page, and you will find local brokers that are licensed, see here.
Automated Trading Software
The alternative to using a binary option signals software, many people choose to use a binary option robot. There are many systems to choose from, so check out the shortlist of popular robots, look here.