Penny Millionaire is called a “lottery” by its creators, but it ‘s hardly that. In fact, it has very little to do with anything lottery-like. Those playing the lottery will tell you that the odds of actually winning big are extremely minute there. So much so in fact, that for 99.99% of the people, the money invested into something like the state lottery is lost and gone forever. With Penny Millionaire – which is much better described as a trading system – the odds are infinitely better, and the setup does indeed work. We have already heard from several trusted sources that the Penny Millionaire system works as described in the promotional video featured at PennyMillionaire.com. Others have said that they weren’t exactly able to amass $1 million in 30 days as advertised, but the system worked for them too. In fact, we are yet to see a negative report of any sort regarding this new auto-trading system.
So, what exactly are we looking at here? Penny Millionaire is an auto trading system, which employs two basic components. One of these components is the actual binary option auto-trader, which is fully automated, meaning that it doesn’t require any sort of outside intervention on its decision-making level. What that translates to is that those using the system don’t actually have to know anything about market analysis and trading. All they really need to do is to click a button here and there to start up the system and that’s that. The other module is where the true magic happens: the interest module is designed to take advantage of the power of compound interest, to turn seemingly meager profits into massive sums further down the line. Making money with binary options has been done before. Successful traders will tell you though that volume is a major issue here: in order to make lots of money, one needs to have lots of money to trade with. The risks have to be considered too. Penny Millionaire seems to have worked around that issue successfully, thanks to their compound interest module.
Why do its creators call Penny Millionaire a “lottery” though?
You will see several people talking about having won the Penny Millionaire lottery. This is really where the catch is with this system. Unlike some of the auto-trading scammers out there, the creators of Penny Millionaire understand the power and the dynamics of letting people access a system capable of sucking large sums of money out of the markets for them. One simply cannot hand such a device out in unlimited numbers, as that way, the value of the whole setup would be ruined extremely quickly. As David Forrester, the brains behind the Penny Millionaire system puts it: if everyone’s a millionaire, money will lose its value and everyone will get back to square one. Other problems would obviously arise from the unlimited circulation of such a system much faster though. To avoid these problems and to protect their system, the creators of Penny Millionaire have decided to only let 100 people actually make use of the setup. With that in mind, it is obviously important that one move quickly to secure a spot. The Penny Millionaire licenses are apparently awarded on a first-come-first-served basis. This is probably what the people featured in the video testimonials refer to as having “won” the lottery.
What is compound interest and how does it work?
We mentioned above that the most important module of the Penny Millionaire system is based on compound interest. Compound interest is by no means a cutting-edge concept. It has long been known to all those looking to accumulate wealth in a safe and legitimate manner, with minimized risks and guaranteed yields. One can take advantage of compound interest by simply opening a savings account in a bank which offers this type of financial product, and depositing money there.
Compound interest is about adding the interest earned to the initial deposit, which then continues to earn still more interest, which too will be added to the deposit. This way, the interest has a snowballing effect on one’s deposit. The power of the compound interest hinges on two factors: The interest rate earned, and the compounding frequency (the frequency with which earned interest is added to one’s deposit). The problem with most actual deposits is that these two factors are kept under such levels that the yield on the scheme is simply not enough. With Penny Millionaire though, they are both turned up to unheard-of levels. The actual interest rate is 100% (one’s initial investment is doubled) and the frequency is daily. This way, starting off a one-penny deposit, one can indeed build up a massive snowball of funds rolling downhill faster and faster and gathering more and more money as it goes.
What exactly does one have to do to achieve this desired effect?
Setting up an account and making an initial deposit with a trusted broker is all there is to do really. From there on out, one has to turn on the auto trader every day, making sure that at least a wining trade is scored daily. In order to do that, one doesn’t have to be a market-analysis expert. The Penny Millionaire software handles the trading bit: it is built upon advanced algorithms, making use of technical indicators as well as fundamental analysis-factors. This way, it can and will score that one winning trade required to keep one’s snowball rolling.
The broker that Penny Millionaire is associated with is a licensed and regulated broker, operating under the guidelines of CySEC, and complying with all the MiFID directives. While scammers work exclusively with unlicensed brokers, whose operations cannot really be traced and controlled by any central authority, Penny Millionaire have opted for Binary Online, one of the well-trusted industry mainstays. Binary Online have their own proprietary trading platform, but again, one doesn’t really have to understand how this part of the process works. It doesn’t hurt if one understands binary options of course, but it is not a requirement. The software provided by Penny Millionaire handles this part of the equation, and judging by the feedback we’ve been receiving, it handles it well.
Many websites and forums recommend this system, along with credible day-traders who show-case their results online and on social medias such as YouTube. We also spotted two endorsements on leading sites, such as the Watchdog Penny Millionaire Review, as well as the BO Sheriff Penny Millionaire Review and we encourage you to get their take as well on the software if you’re considering to get started.
Visit the software site: PennyMillionaire.com
The conclusion of this review is that Penny Millionaire is a legitimate operation that actually works. It knows how to take advantage of compound interest, and having more or less figured out the trading of binary options, it has the means to switch the compound interest setup into an altogether different dimension. The only problem, or rather, necessary evil, is the fact that it’s a very limited deal in terms of availability. The sign-up process on the other hand is extremely simple, straightforward and fast. We’ve already registered too.
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