I like to share this with you!

Last Update: November 07, 2014

My previous blog was about Binary Options, to some I may have been over biased, maybe I was I don't know. But I only know one thing, and that I show it how I see it with my own eyes, and if I think it is a scam then am sorry, I can't show a different face but honestly how I feel.

So please take a look at this presentation and tell me if they warn anyone about the risks of binary options, I am sorry again if I may offend some people who had the luck of making good money with this system, I know many who haven't.

http://app.getresponse.com/click.html?x=a62b&lc=tfS7b&mc=hZ&s=SHHQ3j&u=Bnwq&y=T&;;

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Moonrock2 Premium
Thank you for sharing plus the comments!
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bazboy247 Premium
If you understand how this works you will know its a scam, I have had this link sent to me so many times, so here is how the scam works.

You download the software then you add funds to your account
But here is the catch, you have to use a broker that they recommend and they make more money form these scams than by trading themselves
The person sending the link is an affiliate of the broker

They let you play the market with pretend money first and then you use your real money but if you make any money they tell you they can not send you the money due to tax complications

They want to keep you playing as they make a commission on your trade weather you win or loose the trade, so they are making risk free money while you take all the risks

The affiliate who sends the link via e mail gets a CPA = Cost per action, for every one who signs up and adds funds to their account
The affiliate makes lots of money because the traders will pay a lot for the lead because they know they can make a fortune out of every naive sucker that thinks they are going to make money on the binary options market
So here is how the equation works

Affiliate = winner
Broker = winner
New trader = looser

Fact = no one wakes up in the morning and says this

I want to make someone else rich

As long as their are people who believe that you can get money for nothing there will be another group of people who will take advantage of the group that believes it

Fact 2 = The easy button does not exists

How the other scam works on the binary options trade software

You get the software they offer you a $2000 bonus when you add $250 and you never see your money again, you may as well go out in the street and tie your bank account numbers to a lamp post

The snake oil salesman of the wild west is alive and kicking and now lives on the digital highway rather than the sand and dust bowls of the wild west

Take care, as the only person that cares about your dreams is you

Barry
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mundy22 Premium
Thank you Barry!!! Well said
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kholmes Premium
Interesting post and comments as well. :)
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mundy22 Premium
Thanks, sometimes get over passionate about some products, the way they portray some things on the surface only to rip off people.
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Kathy331 Premium
It won't offend me, I don't understand the world of binary options!
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mundy22 Premium
Kathy it is better that way, you won't get tempted.
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Kathy331 Premium
Ah good, my brain is frazzled enough learning the new stuff here. :)
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mundy22 Premium
I know the feeling, so much learning, but it is great moving forward slowly but surely.
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Loes Premium
I think when you have over 50,000 on you bank account you can take this risk, I opened once a trial accont on https://www.optie24.nl and I lost 800 bux in half a day, this is interesting for people who can afford to lose money.
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mundy22 Premium
Leos that is, understandable, when you have the money and understand the risks, but these people state that they have a software that literally guarantees you 93% accuracy on the trades it selects on auto.
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Loes Premium
You are right to say it is very risky, I would not give them access to my savings, when I want to gamble, I will go to a casino, and have the pleasure my self by losing it:)
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mundy22 Premium
I did that once walk in with $40 dollars and walk out with $240 never gambled again. That was in Australia it was my first time, and I could see how you could get hooked on it. While you play, they announce on the loud speaker that someone had won the jackpot of 250,000, I suspected that was just fake just to get people all worked up. That advertising is word of mouth, that way they get more busy the next night.
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Loes Premium
Every lotery works that way:)
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mundy22 Premium
Yes, at least you know where you are and the odds you're against.
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