My Binary Code

by 100 replies
I got access to this system a few weeks ago, but my problem was that the graphs weren't easy to read. Has anybody had any success using MyBinaryCode?
#internet marketing product reviews & ratings #binary #code
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  • Profile picture of the author Scott Casey
    Its one of those things that sounds too good to be true? Curious if anyone makes a deposit at one of the brokers and actually gives this a try...
  • Profile picture of the author TrafficBot
    The real money he makes is from people signing up for the binary trading brokerage accounts. The vendor gets like a $150 per sign-up. I know this because I am an affiliate at Global Options. Its a smart way to get CPA commissions for the sign-ups.
  • Profile picture of the author AmazingP
    Guys, this is something nice to continue on discussing here. Of course, those sites dealing with trading will have an affiliate program and promoters will make money if we sign up under their ref links but this thing (which is so common by the way in our internet marketing industry) should not deter us to find more information and maybe later risk some money.
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    I AM LOOKING FOR BETTER WAY TO MAKE MONEY ONLINE...
  • Profile picture of the author Sornie Samante
    I was intrigued with My Binary Code too. I really thought of trying because it seems really profitable. Imagine earning $500 in one hour working from the comfort of your own home. That's a lot of money of course.. Thanks for the reviews guys. This is why I love this forum, I always get the right information at all times.
    • Profile picture of the author ezeeforall
      Originally Posted by Sornie Samante View Post

      I was intrigued with My Binary Code too. I really thought of trying because it seems really profitable. Imagine earning $500 in one hour working from the comfort of your own home. That's a lot of money of course.. Thanks for the reviews guys. This is why I love this forum, I always get the right information at all times.
      Yeah, me too.
  • Profile picture of the author mish_h
    I also came across Binary Potions and jumped on WF to see what people have to say. stockette this sounds like you now what you are doing I would love to keep updated on how you go
  • Profile picture of the author FrankLie
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    • Profile picture of the author ezeeforall
      Originally Posted by FrankLie View Post

      Well...

      I got an email from mybinarycode.com about this a couple days ago. I watched the demo video and read about it and basically got the same information that you guys mentioned above - it's a 50/50 chance of things going you're way. Hmmm...

      I tried to do as much due-diligence as I could and I didn't find anything negative, only that there's a 50/50 shot, which could go both ways

      So I went ahead and signed up with GlobalOption.com. At that site they offer bonuses for your deposits. When I signed up they were offering a $250 bonus if I deposit $550 in my account. I was like sweet! I did that and the next day I had $800 in the account. I read as much as I could from the site, tried to study what I could, but really - I have absolutely no experience and I have no idea what I'm doing when it comes to this stuff...

      From the mybinarycode.com site they offered a link to "real time graphics", which display graphs of a bunch of options that one can trade. When you watch the mybinarycode.com demo video, all that one gets out of it is "follow the graphs". If the graph shows an upward trend, then put a CALL for that particular option. If the graph shows a downward trend, then put a PUT for that particular option. If the graph doesn't clearly show an upward or downward trend, skip it. Sounds pretty easy and it didn't seem like anything was "hidden" or that there's some kind of scam or anything like that...

      Since I was soooo anxious to actually test it out myself, I went ahead and placed my trades. I placed 6 trades - 4 PUTs and 2 CALLS. They followed exactly what the mybinarycode.com site said to do. I LOST ALL POSITIONS!!! In 4 of the trades I bid $50 each and the other 2 I bid $25 each. For some reason you still get a return when you lose, a very small return. Actually, it's not a return, but since they feel bad for you, they let you keep 10% of what you lost... I lost a total of $229 in an hour! Mannnnn! I was upset... I figured with a 50/50 shot, I will at least makeup a lost position with the high returns on the others!!!!! Well... didn't win one! So I went to withdraw the money I had left in my account. From the $800, I had $571 left. I deposited $550, so technically I didn't lose any money, just the "bonus". Well, I was wrong here as well! It turns out that if you accept the bonus, you have to trade 5x the amount that was deposited + the bonus. In my case that's $800*5= $4000. So I can't withdraw any of my money until I trade a total of $4000!!!!! Wow, they know how to get you!

      I also didn't know that there was a demo that you could play with and trade, at least not with Globaloption.com. I will go look again to see if there's a demo one can use to make "fake" trades before using real money. I would HIGHLY recommend that... If Globaloption.com doesn't have a demo to practice with I will withdraw what I have left of my $550 and go to a site that does... Can ya recommend one please?

      Also, looks like I'ma need your help stockette I guess the 27 years of experience in trading helps...

      Guys, be careful! This is for sure not as easy as it looks...

      Thanks for your review FrankLie. Like I already mentioned, I would be more interested in offering this to my subscribers (but only if it really worked, of course). And upon visiting their site again, I had questions, but no FAQ, or contact link(?) ...a bit too sketchy. So I will hold off for now, but will keep an eye on this thread.

      btw, I appreciate your honesty very much.
  • Profile picture of the author FrankLie
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  • Profile picture of the author jamesbgr
    Definitely not as easy as it is purported to be. Funnily enough global options don't provide a demo even if you deposit because they reckon it's easy enough to get into it, unlike normal forex apparently. I see not much difference other than the capped losses and winnings.

    I really think this was an exercise in the author getting people to sign up via his affiliate link to the reccomended brokers.

    For the record I also tried this out on a demo account with GFTUK and I'm faring no better than when I tried out "real" forex a few years ago. I will not try this with real money.
  • Profile picture of the author mish_h
    I opened a demo account yesterday with Nadex.com. they give you $25.000 to play with,you don't have to deposit any of your own money. I also had no idea what I was doing but somehow managed to make about $2000 over the day. I just placed the up or down according to the graphs FrankieLee talks about. I placed about 10 orders some for quite a few "sizes"
    The interface is quite complicated and I have no idea when the options are sold or bought as I am in AU in a completely different time zone. Somehow I manged to win a few that paid out well. But I have no idea what I am doing!

    And I agree with James, the binaryoptions website is just a way for them to sign up as an affiliate, the rest of the links on the page don't even work!
  • Profile picture of the author alleycatnews
    i have been an affiliate for many years in binary options. LOTS of stuff to watch out for. Spreads, slow payouts, kiss your money good bye if you do bonuses. Also bbinary is not based in NYC that is a po box you can buy for $50 a month at trump tower.
  • Profile picture of the author Michael Field-Dodgson
    I read the posts here and it does make me shudder! I trade forex and this sort of market is not something you can go into and without any experience do well. 50:50 is no good, you need at least 60:40 (win:lose) and even then in my books that is marginal.

    The reason I say "I shudder" is that the focus and discipline required to be a good trader is massive. Emotion has to be kept outside.

    If you want to trade options, someone who I have learnt to trust has an offer available and I can tell you you will be very well looked after. I am not an affiliate and I am not into options - forex is my game.
    Go and look at this WSO: http://addictivetext.com/blog/click/ant-handshake-wso/

    Oz is a good man, very experienced in this area and a helpful son-of-a-gun.

    Cheers,

    Mike F-D
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    AND there's no such thing as a free lunch!!
    • Profile picture of the author stan07
      I also came here looking for answers about this system. Like anything that makes those sorts of figures there is a learning curve involved , listening to you guys has made up my mind this is'n't for me.
  • Profile picture of the author gpxint
    Not sure if any of you know Steve, but he states unequivocally that
    binary options trading is a scam, both form a trading & affiliates
    perspective.

    I Quit Binary Options - YouTube (to mods: this is not my video)

    Buyer beware!
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    • Profile picture of the author ezeeforall
      Originally Posted by gpxint View Post

      Not sure if any of you know Steve, but he states unequivocally that
      binary options trading is a scam, both form a trading & affiliates
      perspective.

      I Quit Binary Options - YouTube (to mods: this is not my video)

      Buyer beware!
      I was not able to find much real, honest info on Binary Codes. Talked with my day trader friend who had a look at this. Said it is doable, but a learning curve is needed, however, he questioned the legality of this program. Anyway, just sharing my latest on this with everyone.
    • Profile picture of the author wrays
      Thanks for sharing this video.
      I think everyone who are interested in this should watch this video first.
      These kind of horror stories also exist in Forex trading, you don't hear these kind of stories when you get started. But once you start to succeed in this game and start earning BIG income, horror stories such as these start to pop up from the brokers. Very sad!

      Originally Posted by gpxint View Post

      Not sure if any of you know Steve, but he states unequivocally that
      binary options trading is a scam, both form a trading & affiliates
      perspective.

      I Quit Binary Options - YouTube (to mods: this is not my video)

      Buyer beware!
    • Profile picture of the author tommmi
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  • Profile picture of the author jlscwf
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  • Profile picture of the author sahuja
    Thanks everyone for all the information. I have been getting so many emails about mybinarycode and after watching the simplicity of the program as advertized, it looks pretty easy to earn money out of it but when I saw this thread, I feel that it is not my cup of tea.
  • Profile picture of the author Chronic IM
    Hello!

    They will not accept an account with less than $500.00. This is a real program and is from the "scalp trading" used by currency traders. You should totally try it. It's safe I guess. Why did you asked? Are you planning to use this system?

    More power.
  • Profile picture of the author stockette
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  • Profile picture of the author TrafficBot
    I have made $800 in profit using the binary code method since march. It is fairly easy to set-up and trade but I use eztrader which allows you to start trading with only $100. The video can be found here:


    There is a more detailed training video in video description and a link to start trading with only $100 with eztrader.
    • Profile picture of the author tommmi
      I have been trading band de binary for 2 month my account went from $3000 to $5700.my colleague.mentio went from $3000 to $8000 in two week.my advice is not to trade on your own but follow the advice from your trader, do not think you can trade on your own easily,my broker give 3 signal to 5 signal daily there is why we are consistant now,I use to trade on my own and lost now I only wait for signal.pm me I can give you more information and experience.thanks tom add me to skype tommmi88 (mention warrior as I do not add just anybody)
    • Profile picture of the author Ghost24
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  • Profile picture of the author Gary336
    The whole concept of My Binary Code is quite straight forward. As suggested in the sales page, it is about making money from trading. Now, to be honest this concept is not new. But what got me joining this program was the fact the creator of this program guarantee that you WILL make money. Now, this is a very big claim – as we know, nothing can be 100% sure. Especially in this tough economical times. How can he be so sure? I invested $100 for trading.
    On my first day of trading I made $231, so I was very excited. Considering the fact that I must admit I was kind of skeptical of the whole thing, thinking it would be left to pure chance to whether I profited or not. But after learning the strategy by My Binary Code had allowed me to have some confidence when trading. The broker that looked after me is easy to deal with and explain things in simple terms.
    On my second day of trading, I made $342…. How good is that? Remember, I started with $100, so that’s a profit of more than $400 in just two days! My third day I made the lowest profit of $128 – but nevertheless a profit, so I wasn’t complaining. And I have continued to make a profit to this date…
    So does My Binary Code works? YES, from my one week experience.. and believe it will continue to work.
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  • Profile picture of the author tommmi
    my account is now $13000 if you inquires skype me at tommmi88,please mention warrirorforum will add you in
  • Profile picture of the author 8485marketing
    I have an account with Banc De Binary and you can sign up for an account with less than $500 but you cannot withdraw until you have deposited a total of $500. I put $200 into my account and raised it to about $700 within a few weeks but couldnt withdraw as i hadnt met the deposit limit but once that was done it was simple to put it into my account with a bank transfer. The money made in this is purely for signups as someone here as already mentioned there is a hefty commission per sign up because 97% of people are expected to lose it all so its an easy $350 profit per sign up for Banc De Binary. No scam here just stick with currencies and you'll be fine just do your research on trending for the preceeding week or so to give you an idea as to where its heading by the close of play that day. The weekend options for middle east stocks are very volatile throughout the day and usually end up not far from where they started the day. Good luck to anyone who does this, i think it was one of the most exciting yet nerve racking things ive done to make money.
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