The scam series of binary options trading systems continue with Free Diamond App, which is supposed to make you tons of money for free. More in this review.
In fact, anytime you see anybody offering you lots of money for free, you should see it as a big warning. Economics of our world are based on money, so it doesn’t take rocket science to see that it is impossible to get free money.
But let’s get back to the Free Diamond App. Andrew, the alleged author of this this system, says that he developed it with a professional trader and a programmer. He says that they are giving away their binary options trading system, because they want to share it with a limited group of people. Well, they promote it by massive spams, so it is not true.
If you are new to trading, you should know one thing. An open trading system cannot be profitable for long, because other traders will take trades that take advantage of it, which will make the first system unprofitable. That is how trading works on Forex, commodities, stocks… everywhere. Traders are seeking moments where they can jump ahead of others, so if a trading system is public, they will know how it behaves and beat it for their own profit. That is another reason why the Free Diamond App cannot work.
Free Diamond App
But you don’t have to believe us or our experience. Because as it is often the case, the scammers are so stupid, that they give you proofs of their intentions themselves. The authors of the Free Diamond App openly admit that they will make money from your binary option trades. They say that they will earn if you make profits, but that is a big lie.
We investigated this system and it pushes you to open an account with the binary options broker Anyoption, at least now. And if you look at the affiliate program of Anyoption, you will find that the share plan make affiliates earn money on what traders lose! Which means that those who created the Free Diamond App will make money only if you lose your trades.
So there is only one possible conclusion: this system has been program to make you lose money in binary options trading.
Our experience tells us this from the beginning, because we have never seen anybody giving away for free a profitable trading system. When you see people offering systems like the Free Diamond App, the truth is that they are not traders, they have never made anything in trading, often they don’t know anything about it and they just want you to open a binary options account, which is how they make their income.
We have to repeat again and again that binary options are not a scam, you can trade them and make money, but you have to learn it first. An automatic system like the Free Diamond App will never do the work for you, it will just make you lose.