The Story of Binary Options trading
You heard that everybody can make easy money by trading
online, buying and selling currencies, commodities and so on and are very
curious to experience it by yourself but you have not knowledge of stocks
market and need to attend several training sessions to understand the basics
and rules and how to invest in work. Obviously nobody likes to lose his money just
for trying to do what doesn’t know its rules but anyway except spending several
days to learn trading currencies and so on you prefer to jump in trading in a
much easier way that does not need too much knowledge and experience but still
is trading stocks. The name of this easy trading system is Binary Options. It is as easy as betting. Just yo should guess or forecast
that
the value of a stock, e.g currency or commodity or ..
will increase or decrease after a certain time
comparing the time that you start bidding. If you have been correct then you will be
awarded with 50-90% of your bidding amount
and if not you lose your money. The
level of payout and timing for each betting is different and depended
on the type of stocks, trading platform and the time of day that you are betting and even can be short term
or long term, but the basics is what I already explained
As soon as you expressed your interest in this
business and registered your contact details with one of this companies or programs that claim will do this prediction for you and even do betting instead
of you , you will be bombarded with hips of emails from different guys that
offer you this systems and give you links to their program or platform to
register with them and open and account and obviously deposit some money in your account.
And if you just open an account and do not deposit and
money they will keep contacting you primary by calling you if they have your
phone number and or emailing you asking to contact them.
If you are as unexperienced
as I have been and one of their broker can speak you then you will be listening
to beautiful words from some body that says he/she is very experienced and will
be your dedicated broker and help you to bid correctly and make good
money!
BUT
hold on…. BELIEVE me these are a trap for you to catch your money. As soon as
you trust your broker and deposited money in your account their tone of the speech
will be changed. First they push you to deposit more money, at least several
thousands, if not done before. If you reject it and say for example” I want
just to see how does it work or get some experience” they listen to accept your
reasons but sometimes that you are not ready your broker
calls you again and says that we have a special condition and a certain stock is going to raise or decline
in value in the next hours or days and if you be quick and deposit a good money
then we will tell you how to bid and in a short time you will receive a very
good profit very easy and in a short time.
Well you either accept or reject this offer. I believe most of the people will accept it .This
is a psychology matter. You have
no time to think and the money that you will gain is
big, so probably you will prefer to make this risk.
Let me get to the point that I am trying to make you aware of that before you get bored
from reading this article.
It does not matter if your bid is winner or loser. They never pay you even one cent.
If you have been a winner then you trust them and bid
more and trade more and this is where they make a loser from you little by
little and at the end you have no money in account to withdraw or if before
finishing your money- same as me- as for withdrawal they reveal some weird terms
and conditions from their sleeve and say you that before a certain amount of
trading you are not eligible to withdraw any money and reaching to that certain
amount of trading is nor possibly without losing all your money.
I do not want to be pessimistic but I have experienced
all of these and will be happy to help you dear reader to avoid to be haunted
by these broker and trading platforms.
Let me continue this story in my next post.
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