The Binary Double up scam

The Binary Double up scam

so you want to trade Binary Options, you hear about all the hype, about all the 1000$ you can earn, this is the 1^st alarm bell.

To earn the kind of money theses so called Gurus are talking about you would have to invest and risk 1000$ in capital and be prepared to lose some if not all of it.

This we call Gambling, and if you have this mind set KEEP Away from trading the Forex Market, or Binary Options, I can't repeat this enough Forex Trading Takes Time Money Management Education, and a very good Strategy.

This takes time, and during this period if you trade you will lose some of your investment.

Forget the Gurus there’s no getting back at the market, when you lose big, this mind set keeps you losing.

Set the time and amount you want to trade and STICK to this, discipline is KEY in Forex Trading.

So the Binary Double up Scam goes Likes this:

Trade 1 = 10$ you lose – 10$

Trade 2 = 20$ you lose – 20$ (30$ running lose)

Trade 3 = 40$ you lose – 40$ (70$ running lose)

you can easily lose 3 trades in a row with binary options especially when trading the 60 sec Options.

Now Trade 4.

Trade 4 = 80$ you win - you get back your 80$ trade + 75% of the 80$ = 60$

So in this example after 4 trades with the double up Scam you are out of pocket By 10$

Be very careful of So called Gurus selling this type of system or recommending Brokers it's a Scam where you LOSE and They Both Win.

People wanting to join Forex or Binary trading need to be reminded of this Scam, if you fall for it, be ready to lose your Account.

If Such a system Work then World Governments would have there own Traders Trading 24/5 with maximum trade sizes making millions.

No one person has the magic bullet to making millions if they did it would not be on the Net for 9$ -97$

Only people who Control the Forex and Banking Markets are the elite few Who CONTROL THE FLOW OF MONEY.

Too many New traders are falling victim to this type of Scam.

Feel free to leave a comment if you agree disagree or have any info to share on Forex and Binary Options trading.

Why Trading The Forex Is Not For Every One.

Why Trading The Forex Is Not For Every One.

Forex Trading is not a game, it's not gambling there is much to learn. In fact you never stop learning when it comes to Forex Trading.

It will take months to learn all the fundamentals of Trading the Forex, there are no short cut's No magic systems, robot's or indicator’s that are going to make you thousands of Dollars.

If you want to lose all your trading account, then listen to the so called Guru's and Dishonest Broker's who are more than happy to take your money.

Trading does take time education, good money management skills, having a plan when and why you trade.

Knowing when to stop trading, even when you lose, and yes you will lose money in the Forex Market's any who says you wont, turn around a run away from them, if you want to not only keep all your trading account.

Trading is no a part time pick up today and trade and maybe come back in a couple of days, or even next week to trade.

No you need to have a currency pair in mind say Like the most popular pair EUR/USD and stick with it, find a trading system that works for you, and the pair you are trading.

It take time to why any currency pair moves the way it does on the Global Forex Market, no robot, guru or indicator can do this for you, Only your own experience within the Forex Market, and self education will do this for you.

Anyone who tells you otherwise is being dishonest or wants to Sell you something.

Yes there are some very good Forex Indicators out there, but that’s what they are an indicator not 100% guarantee of what the any Currency pair will do.

Many factors move the Forex Market's.

What happens in the US, has a big impact on the Euro, Japan’s Monterey polices have huge effects on the currency markets and so on.

There is so much to learn, the good news is you will have the time, the Forex market is always there, it's end will come at the final collapse of the Major Global Currency and world economy.

Some say we are heading that way, but this is a smoke screen, are whole Monterey system is based on, and here is the reason why.

Money is an arbitrary invention to profit from debt. Banks and governments encourage individuals and countries to be in debt because the greater the debts, the more money they pocket. Not from the interest but from something called the Fractional Reserve Banking system. This is a scam that creates money out of thin air and brings in a profit of hundreds or even thousands of percent on all debts. This 'undeclared' money makes a few people rich beyond imagination. Once you (or a country) is in debt, you or it is a slave to be exploited and raped. This is why millions are spent tricking individuals and countries into debt - they don't care if it is never repaid.

Hence you see the connection with this and the Forex Market's.

So yes there is profit to be made, but it will take time to build up a trading system that you are happy with you may change your system many times according to the market, and your trading style.

Remember Forex Trading is not Gambling, unless you know why you are about to enter a trade, and when you are going to close it, and what has bought you to that decision based all the market conditions-then NEVER trade because if you do, you can kiss good bye to your hard earned money, and say hello to Gambling.

There is much to learn in trading the Forex Markets, just to mentation a few things you need to know, like,

How to Read a Forex Quote

What does it mean to go Long/Short

What is the Bid/Ask

What are Pips and Pipettes

And finally what are Lots, Leverage, and Profit and Loss

Theses are just a few basics things you will need to know to even start to thing about opening a live Trading Account.

The more you education yourself with the Forex market (I said Educate NOT Trade) the longer you will keep hold of your hard earned cash, then when you are ready to Live Trade, you will be in a far better position to trade, and keep your lose to a minim.

Why The Trend is Your Friend In Forex Trading

Why The Trend is Your Friend In Forex Trading!!!!

Trend lines in Forex Trading are probably the most common form of technical analysis. They are probably one of the most underutilized ones as well.
If drawn correctly, they will be as accurate as any other method. Unfortunately, most traders don't draw them correctly or try to make the line fit the market instead of the other way around.
In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas (valleys). In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas (peaks).

How do you draw trend lines?

To draw trend lines properly, all you have to do is locate two major tops or bottoms and connect th
Yep, it's that simple.
Here are trend lines in action! Look at those waves!

Why Not All Binary Brokers and Guru's are Honest

Just a Quick headsup if anyone is thinking of the lastest Trading (investing) fad, BINARY OPTIONS.

 The 60 Second Binary Option Scam

This stems from the fact that some binary option brokers offer a 'revenue share' to affiliates. The problem with this is that revenue is only earned if the client loses money! So, some unscrupulous website owners are offering free trading systems that look good and promise '100% guaranteed returns'. However, they have been deliberately designed to blow up the clients account with the result that the affiliate is guaranteed to pocket 35% of his clients deposit. The main one is a system that tells you to trade $5, $10, $25 and if you have three losing trades in a row, then trade $100 and you are certain to win! Why? You can easily have ten losing trades in a row without a sensible system. That will certainly lose you multiple $140 sooner or later, 35% of which will end up in the affiliate's pocket...

Don't get caught out in this lastest Scam this is nothing more than Gambling, and you will lose All of your Investment.

Be very Carefull of this Market, if you are not for you it will turn out like a weekend from hell in Las Vegas, were all you will be leaving with is the shirt on your back.

Binary Options is so very different from Trading the Forex be carefull.

 

Why When Trading The Forex Having The Right Broker Means Keeping Or Wiping out your Account

Now You have the amount you want to Invest (trade) be it 200$ - 400$ I recommeded at least a 1000$ or will find yourself with money managerment problems and margin calls (more about that Later).

So Now your Ready to trade, maybe you have been Trading a demo account for lets say 3-4 months, and you seem to be doing very well, well not to  burst your bubble almost every who has ever tried Forex Trading makes gains on a Demo Account, and then when they open a Live trading Account something seems to go baddly wrong (more again on this in later posts).

For this Reason it is Very Important to choose the Right Forex Broker, and yes there 100's of them all different in many ways.

Listed below is Three Quick things and there is more we all need to know when chooseing a Forex  Broker. (there are more very important things to consider as well More about this in later post's)

1. Trading Platform

In online forex trading, most trading activity happens through the brokers' trading platform. This means that the trading platform of your broker must be user-friendly and stable.
When looking for a broker, always check what its trading platform has to offer.
Does it offer free news feed? How about easy-to-use technical and charting tools? Does it present you with all the information you will need to trade properly?

Do you want to use a web based platform, or the popular Meta Trader 4 (5).

What Type of chart surport Does it offer, will you have to pay for this.

Does it allow EA's ??? (Expert Advisor)

2. Execution

It is mandatory that your broker fill you in the best possible price for your orders.
Under normal market conditions (e.g. normal liquidity, no important news releases or surprise events), there really is no reason for your broker to not fill you at, or very close to, the market price you see when you click the "buy" or "sell" button.
For example, assuming you have a stable internet connection, if you click "buy" EUR/USD for 1.3000, you should get filled at that price or within micro-pips of it. The speed at which your orders get filled is very important, especially if you're a scalper.
In this regard not all Forex Brokers are the same.
If there is a dely due to your Brokers Execution, your Order (trade) wont get filled at that price and the spread could widen limiting your profit, and causing you to pay a Higher Spread.
A few pip's makes all the difference to your profits, when you come to close the trade.

3. Customer Service

Brokers aren't perfect, and therefore you must pick a broker that you could easily contact when problems arise.This is very important if your internet Connection goes down.
The competence of brokers when dealing with account or technical support issues is just as important as their performance on executing trades. Brokers may be kind and helpful during the account opening process, but have terrible "after sales" support.

Hence you should be able to contact your Brokers and get the same servcie you had when you opened your Live Trading Account.

If Not the alarm Bells should start ringing.

Do your research remember It's Your Money, and you need to be 100% happy with any Broker you Choose to Open a Live Trading account With.

Feel free to ask as many Question as you like before parting with any off your Hard earned Cash.

If any Broker seems unhappy with any Questions you ask it's time to Walk Away.

Please feel free to leave your thought's, do you agree, have any thing to add it's all good.

 

 

Why Trade Forex and Binary Options

Why Trade the Forex and Binary Options, this is the Question.

1st of many things you need to consider before you even open an account with a Forex or Binary Broker is, How much Capital (Money) do I have to invest and More importanly How much Money am I and can I afford to Lose.

To behonest to really Trade the Forex and Binary Options you need to invest more than the so called Gurus tell you, sayings Like this "make 1000$ or 500pips a month, with as little as 5.$-100$"
This is a LIE, anyonw who has trade Forex or Binary Options on a daily bases knows this not to be true.

For the Forex Market you need to educate yourself, about how you will trade, will you NEWS trade Trend Trade, Daily trade, will you trade technicals or Fundamentals theses and many other ways to trade you not only need to learn, but also need to see if they meet the way you want to Trade.

One of the biggest Lies is make 1000$$$$ with only 50$$$ - 100$$$ trading account this just is not true - think about it if it was we would all have Millions in the Bank.

Don't get traped in theses Lies, the Forex is Not a short term get rich quick way to make 1000$$$, thats what Gamblers think and they lose big time.

Forex is Not Gamberling, it takes time to master many months even years, and even then the market is always changing.

You can make a profit in Forex with the right money managerment skills and education and training.

Not with 7$-97$ robots or fake signals YOU Lose YOUR BROKER WINS and the so called Guru WINS.

My recommenedation is to start a Forex Account with at least 1000$ depending on your Leverage and the lot size you will be trading with.

Remeber Forex Trading is not a Game you can profit from it but you can also lose more than your start up investment.

Forex Trading is not a pick up today come back next week thing, it take time training, education, on a daily basis, trading the Forex part time means you will lose Money.

You need to know the markets the currency pairs you want to Trade what moves them on world Markets, and you to do this on a daily, weekly and monthly basis to stand a chance to be a long term Trader.
Or else look forward to blowing OUT YOUR WHOLE ACCOUNT.

Why Trade The Forex And Binary Markets

So If I was to tell you, that you could invest (Trade) 200$ and make 1000$ more by the end of the month. I'm sure like me the 1st question would Be, HOW followed by it's to good to be True.

Well with most Forex Scams Nearly 99.9%%% are designed to Do one One THING TAKE YOUR MONEY.

Would You trust me with your 200$ or even 1000$ to trade with having never meet me, and all I'm asking for is JUST and get this Just 7$ to make you 1000$ or I might ask you for 37$ 47$ and it goes on to 97$

If you had the formular to turn 200$ into 1000$$$ in a month all for just 7$ - 97$ you would have world leaders banging down your door to invest Millions - billions of dolloers.

Yes this would end most of the worlds money problems.

It's a simple point and I know world Money Problems are more complex, but you get the point.