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.