Publish Service Announcement - Ignore it at Your Peril
So, Got your Attention. And No, I did not retire as a headline writer for the NY POST! Just a quick blog post to save those few in this community that may still hear that siren's song that whispers to them from time to time from those junk emails that filter into the inbox.
THE BINARY OPTIONS TRADING GAME IS FOR SUCKERS. THERE IS NO RHYME OR REASON FOR SHORT TERM MOVEMENTS (WITHIN A MINUTE) OF CURRENCIES.
These "systems", system hacks, and whatever else these marketers all claim to have come up with are nothing more than lies, damn lies and more damn lies. DO YOU REALLY THINK FOR ONE MOMENT IF ANY OF IT WAS TRUE THAT THEY WOULD GIVE IT AWAY?
If they really COULD do what they say, THEY WOULD! They would not care about bilking you out of your measly $250 or $500 bucks or whatever you have to pony up to create an offshore brokerage account, because they would be making millions and why would they bother with PEANUTS like this?
The truth is, they DON'T have a system. They don't have a hack. They only make money from people who are willing to believe that they do and who continue to send in the money, They get paid a commission from these brokerage firms. That is how they make money. Whenever they claim that you have to get in now....only 15 spots left....if you watched that long...turn it off and get back to doing something productive.
The reality in this game is the broker is the one who stands to win as they have no skin in the game; they match up as many positions as they can and turn away the rest; they don't have exposure. But here is the catch; they pay about $43 to $45 of a typical $25 position if you "win" , but if you lose, you lose the entire $25. Nice deal for the house; They scraped off about a $5 to $7 commission on the transaction even though you "won". The broker does not care which way the trade works out as they get the commission either way. THEY CANT LOSE.
So, you see, what they want is action; just like a casino, as they know that on every placed trade, they will scrape off a commission of $5 to $7. So, these hucksters who are hyping these can't lose systems are just a throwback to the old carnival barkers who would attract the so called "rubes" into a booth so that the fast talking carney could dazzle them and then take them for as much money as possible as fast as possible.
The more things change...the more they stay the same.......Stay away form this game.....
Recent Comments
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There are Yogi-isms and there is a P.T. Barnum- ism and you've pointed out the latter for sure. Thanks.
Thanks for the great info. I've been to a couple of sites, but was smart enough not to give away my hard earned money. There are no legitimate get rich "quick schemes".
Thanks for the heads up on these Binary sites. I see them all the time on the net. I always felt they were just plain gambling sites. I will sure steer away from these trading sites.
Great info! Now what can you do about all the "SAXEY LATINAS WHO WANT TO DATE" me? Figure that, and then we can move on to the "RUSSIANS WHO WILL BE KILLED UNLESS"...It goes on and on... (: {
As I said in an earlier post about the online world
As long as there are people who want something for nothing, there will always be another group of people pedaling get rich quick schemes
Barry
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Somehow one of my email addresses has been distributed to these people and I get at least 500 emails everyday from different people all with the same headline. I don't even read them, I just delete them en masse. But it's very annoying and time consuming just to get rid of them. I am seriously considering closing that email account because of this except there are some people who correspond with me using this email account and I have tried and failed to get them to change to a different email address. Thanks for posting this. ~Marion