Binary Options Place team
In this post, we report and scrutinize a recently released binary options signals and automated trading system called Modern Profit Professor. Is it another one of those binary scams, or is it a legit and profitable system?
The number of newly released strategies is constantly rising. Many traders are confused and do not know which are the legitimate profitable ones, and which are merely scams. Our team is committed to searching and testing every new binary options strategy.
We were interested in this product since it has a website which appears legitimate at first sight, and unfortunately we don’t get to see many of those on a regular basis, as most websites look like your typical online money-sucking scam.
Therefore, we looked carefully into the website, and first took the time to watch the video, which turned out to be interesting and well made.
In the video, Marco Adessi, who is the founder of the company, tells his personal story. His parents emigrated from Italy to the US to live the American dream. However they had a tough life and Marco himself was working very hard for a pathetic salary, until he was lucky enough to be mentored by a highly successful Wall Street trader.
Click on the image below to visit their website and video:
Indeed, the best way to learn trading is not through courses made by brokers, who have a conflict of interests when teaching their clients to trade. It is also not through learning from one of those fake, self-proclaimed online trading gurus. The best is to learn trading from a mentor who’s actually made it in the trading business, such as an active successful Wall Street trader.
Therefore, we were happy to see that the system was developed by someone who had not only succeeded in trading himself, but have also been mentored by a top Wall Street trader.
In the MpProfessor.com website, the presentation seems honest and not too pushy. The video has been filmed in the company’s offices, so we get a chance to see how the company looks like, and get to meet the people behind their software and trading education program.
After seeing the video, we decided to run a test for two weeks on live real money. We minimized the risk by depositing only the minimum of $250. The logic was that many users would do the same and test on a relatively small account, and if the software knows how to make profits, it will have a chance to prove it, regardless of the sum of deposit.
Since we wanted to test the system without affecting the results, we opted not to use the signals for manual trading, but have the system trade automatically according to the signals, without any intervention on our side.
On the first day we were pleasantly surprised to end the day with a $180 profit. The next day added another $245 to our account. For the rest of the week, similar results came through which was very encouraging.
The second week brought even more profits, and throughout the test period, except for two day of losses which were relatively small, all other days were profitable. In total, we have made more than $1500 in two weeks, with a starting deposit of $250. Very impressive indeed.
The Modern Profit Professor video promised $800 for the first week. We liked the fact that they didn’t promise to be rich, but a more modest proposition of $800. In reality, it is very close to the results that we have gotten with our tests, therefore we can conclude that this is a genuine and honest offer.
We’re very glad to announce that the Modern Profit Professor has passed our profitability and honesty test, and we will continue to run the system on our account, on automated mode with our money deposited.