Binary Option Trading Review
Scam or just High Risk
There are a number of websites claiming to have created millionaires in the last 6 months. One of these is Walter Green’s Free Money System. Another is Carl at Click for Cash.
Each of these programs have produced a pretty impressive and long video on their secret way to make a lot of money with an automatic system. They have people – supposedly newcomers but probably actors – who they and their staff coach in how to use the system. Of course, all you see is someone sitting at a computer. In the Click for Cash video, after inputting some supposedly simple keystrokes, they all just took off and went to lunch. When they returned, they checked their computer and miraculously all of the newcomers made money.
Like other programs, this one says it can only show this system to a limited number of people so please check and see if it’s still available. It seems that whenever you check there are just a few slots left.
There is a small charge for the program but they say it should and will eventually sell for $2000. In reality, this is trading Binary Options. You are betting money on whether a stock or group of stocks will go up or down. If you bet correctly you make money. If you are wrong, you lose your investment (bet). It is claimed to be automated by a robot which has a positive prediction ratio. You can enter what you want and walk away instead of needing to sit at your computer.
I actually considered one of these programs but the more I thought about it, the more risk I saw. Another reviewer wrote it can be like sitting at a Roulette table and betting Red or Black. I believe you can make money doing this but the risk can be high and I personally feel the true winner is the trading company.
Like stock trading companies, they only make money when you trade. They make money whether you do or not. The people selling this program to you are making money from the trading company for your referral.
You decide. How much risk are you willing to take? What is your comfort zone? Are you a gambler or can you afford to lose?
In my opinion, Binary Trading may not be a Scam but it is a Higher Risk Venture.
The above review is my opinion about these systems. As I said, it’s not that you can’t make money, but I believe the risk is high and you should beware.
The old truth normally is If it sounds to good to be true, it probably is.