Does ANYONE ...EVER ..make money with Binary?

50 replies
you know the ones .....the "free" miracle software that wins 90% of the time. They are promoted all over the place......obvious scams. Im just wondering because I have started to deleat, unsubscribe ,and just plain banish ANYONE who markets them to me. I know they
pay well ....but so over the top false claims. So anyone who promotes them is doing it
for a short term gain....and I do not not need to receive their e-mails ever again.

Anyone have a positive experince ?
#binary #make #money
  • Profile picture of the author kcbowman
    I'm a bit new, are you talking about binary options? I've made money.

    The trick is to first learn to read the signs so you give yourself a >50% chance. Then place a small amount, if it loses increase that amount to cover the loss and aim for a profit. Keep doing this until you win one, all of your money is returned and you get a profit. You have to be able to be right eventually though.
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    • Profile picture of the author Seemore25101
      Originally Posted by kcbowman View Post

      The trick is to first learn to read the signs so you give yourself a >50% chance. Then place a small amount, if it loses increase that amount to cover the loss and aim for a profit. Keep doing this until you win one, all of your money is returned and you get a profit. You have to be able to be right eventually though.
      Thats the same strategy some use for Blackjack. Eventually you lose more than you can handle though.

      I'm not a huge fan of Binary Options. It's more gambling than anything.

      I'm in DS Domination and they just launched Options Domination which teaches you Binary Options but I don't think I'll even check it out.
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    • Profile picture of the author Adrianhenry
      Originally Posted by kcbowman View Post

      I'm a bit new, are you talking about binary options? I've made money.

      The trick is to first learn to read the signs so you give yourself a >50% chance. Then place a small amount, if it loses increase that amount to cover the loss and aim for a profit. Keep doing this until you win one, all of your money is returned and you get a profit. You have to be able to be right eventually though.
      This is a gambling concept called the martingales system. It is only long term viable assuming you have infinite money. Given the probabilistic nature of the markets you will eventually hit a string of loses too big for your bankroll to handle and you lose everything.
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    • Profile picture of the author Gambino
      Originally Posted by kcbowman View Post

      I'm a bit new, are you talking about binary options? I've made money.

      The trick is to first learn to read the signs so you give yourself a >50% chance. Then place a small amount, if it loses increase that amount to cover the loss and aim for a profit. Keep doing this until you win one, all of your money is returned and you get a profit. You have to be able to be right eventually though.
      As one poster said, this is common in blackjack. It's also common in sports betting and is known as a martingale system. Literally, the dumbest thing in the world. Most people thing, even just randomly guessing, I'll never lose 7 in a row. Then they all do and lose thousands of dollars.

      There used to be a site called sportsbettingchamp.com that was an insanely popular clickbank product that sold a system like this. It was seized by the department of justice. Not sure why, but the rumor is/was that the owner was placing bets for customers. Not sure if that's true or if it was the system itself. But it'd lose 1-2 bets a year and everyone would lose everything. The guy who ran it was an affiliate for BetUs and would probably make a killing on the back end when everyone lost everything.
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    • Profile picture of the author Nonilol
      Originally Posted by kcbowman View Post

      Then place a small amount, if it loses increase that amount to cover the loss and aim for a profit. Keep doing this until you win one, all of your money is returned and you get a profit. You have to be able to be right eventually though.
      This doesnt make sense.
      Its like the casino trick with doubling the deposit whenever you lose.
      You cant spend unlimited money.
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  • Profile picture of the author joeysbusiness
    Binary Options ....yes ..

    Im talking about the various software that is being heavily promoted these days ......its free

    but it then takes you to the option broker ....you must sign up with a $250 deposit or so to get the

    free software.... It really has the look and feel of a scam
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    • Profile picture of the author brennonhawkins
      Originally Posted by joeysbusiness View Post

      It really has the look and feel of a scam
      If sounds too good to be true it is. I think one of the first things I ever got sucked into was binary. I was up about $300, got cocky and ended up losing it all.

      I'd rather go to the casino and play some black jack.
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  • Profile picture of the author joeysbusiness
    Did you use the type of software Im talkig about ? Suppose to generate the buy or sell signals ?
    Thats what Im talking about......the softeware promotions
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    • Profile picture of the author BobanV
      I just heard about Legal Insider Bot, they have some good testimonials, anyone tried them?

      Best,

      Boban
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      • Profile picture of the author BinaryEoDSignals
        Originally Posted by BobanV View Post

        I just heard about Legal Insider Bot, they have some good testimonials, anyone tried them?

        Best,

        Boban
        Don't use it at all. It's all scam.

        I tried it and can tell 150% that is a scam

        If you want to trade binary in a way that's not GAMBLING,PM me
        or Contact Me Via for a demo video
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  • Profile picture of the author joeysbusiness
    thats the kind .......also many other names .....autoprofit ....many others ....they ALWAYS have good testimonals .....but as discussed in other threads ......they are a dime a dozen and not to be trusted
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    • Profile picture of the author psresearch
      Originally Posted by joeysbusiness View Post

      thats the kind .......also many other names .....autoprofit ....many others ....they ALWAYS have good testimonals .....but as discussed in other threads ......they are a dime a dozen and not to be trusted
      The ones I've seen usually have testimonials purchased from Fiverr.
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  • Profile picture of the author hardworker2013
    I guess some persons are making good money from Binary Options, but you must
    understand it fully or you will lose your money. Be wary of those "Push Button" software
    you see advertised all over the place.
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    • Profile picture of the author joeysbusiness
      Originally Posted by hardworker2013 View Post

      I guess some persons are making good money from Binary Options, but you must
      understand it fully or you will lose your money. Be wary of those "Push Button" software
      you see advertised all over the place.

      THATS exactly what Im talking about....Im staring at one in my email right now called...
      Knievel Money .....same pitch .....free use of software and you MUST sign up with
      the Binary broker THEY recommend. I think these brokers are paying affiliates large
      amounts to get a person signed up .....like the entire initial deposit!!!!

      That right there tells me this could never work ....and most likely there are a large number
      of people out there being swindeled. Im AMAZED at how many of these promotions
      I receive each day.

      Does anyone in the know have any comment on this ?

      Oh and the recommenede Brokers? are ALWAYS OFFSHORE !!!
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    • Profile picture of the author joeysbusiness
      Originally Posted by hardworker2013 View Post

      . Be wary of those "Push Button" software
      you see advertised all over the place.


      THATS exactly my point........are these push button software ONLY GOOD for those promoting them ? I mean I get emails daily.....each claiming 90%+ trades ...and its "free" ...you just have to deposit to this particular OFFSHORE broker to qualify. I WOULD NEVER DO THIS MYSELF. I guess I was wondering is this just an obvious ripoff that only helps the IM who promotes it ?
      Im sure there are people on this forum promoting the hell out of these and making a lot of money ( the initial deposit goes to the affiliate ?) My question
      is .......is it ethical ? I mean these things must be draining people accounts..
      How do you justify promoting such an obvious scam ?

      Am I wrong ? I guess thats what I meant ...
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      • Profile picture of the author boydstone
        You wrote:
        Originally Posted by joeysbusiness View Post

        THATS exactly my point........are these push button software ONLY GOOD for those promoting them ?
        Well, the ones promoting the WSOs always seem to have nice cars and mansions.

        Just sayin'.
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  • Profile picture of the author kcbowman
    The software can make bad trades and drain your account. I would never reccomend software that auto-traded. Find out how to trade yourself then use the money management system I talked about.

    I have a software that advises me called forextrendy, it tells me when patterns arise and showed me strong trends. Then I use my knowledge of trading and my money management system to ensure a profit.

    So I have three things going - knowledge of trading - an advisory robot - money management system that ensures a profit (in order to do the money management system you need to have a size able bank account at least $1,000 and confident enough in your skills to get 1 trade right out of like 7 then you will always be in the green even if you only trade correctly 14% of the time)

    I could show you and give you all of the links to get started, but I'm busy and would have to charge you a fee. The fee probably makes you suspicious, and I understand, but I've basically told you everything to point you in the direction. Use boss capital for the binary options broker if you live in the usa. Many brokers are shady and their numbers spike and jump randomly and inconsistently to what the real market is at.
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  • Profile picture of the author Joe Benjamin
    To answer your question...

    ...absolutely.

    But you came the assumption people do not.

    That's unfortunate because it's so simple and
    so profitable when done correctly following the
    right people who know what they're doing and
    are honest in their business dealings.

    The *key* is to find those who are traders first.
    Not "marketers" or "salesmen".

    Problem is those who teach how to trade
    profitably are not easily found because they're
    way of living is from trading, not selling course
    or trading material.

    It took months to gather resources, both paid
    and free training going through a bunch of junk.

    I knew there was something there. Potential.
    And I didn't just throw in the towel. Sure I lost
    a few hundred bucks, but I also made just as
    much and knew that with further training it can
    be aced.

    The paid training is simpler. It's a signal service.
    You receive signals from a professional trader
    who trades his *own* signals and makes huge
    returns on the same signals he sends out to a
    small group of traders (including myself).

    He himself doesn't do much marketing if at all.

    He relies on people like me with a marketing
    background to get the word out because he
    could really care less about the marketing/sale
    side of things because the money is so much
    easier to make then generating sales.

    With this you can get the paid signals for a free
    month if you fall within certain criteria. You will
    still need to deposit money into a broker (I, too
    recommend Boss Capital. I use them myself).

    The problem is people start off with these tiny
    accounts and expect to get rich overnight.

    They're delusional, impatient and need to stay
    far away from trading.

    Want to earn a liveable income of $100 per day
    ($2000 roughly per month with 20 trade days a
    month)...deposit $1000. $200 per day? $2000
    deposit. And so on.

    Then there's another source I have that teaches
    you HOW to trade NADEX markets (the only
    legitamate broker regulated in the U.S. that pays
    out 1:1 (meaning if you risk $100 you earn $100
    at expiry, whereas with offshore brokers if you
    risk $100 the most you can earn if you win is $80).

    He has free videos and is truly the only trader
    who teaches how to not only trade the platform
    but trade with his personal strategies as well.

    This trader makes on average $10 - 15k in profit
    per month and he proves it.

    Same with the signal service source.

    Now...

    ...both sources are TESTED by myself and other
    people who stand by their service virtually 100%.

    Meaning, you will hear not ONE negative comment
    about them anywhere because everybody who
    trades either the signals or using the strategies are
    making money.

    I started this back in June...and it took several
    months to boil it down to two credible sources.

    If you stray anywhere else I gaurantee you will
    lose your shirt and fall into a bunch of lies.

    I am happy to give you both sources for you to
    look into at your own pace saving you a bunch of
    time and headaches.

    If you have questions let me know
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    • Profile picture of the author Insano
      sport bets > binary options
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    • Profile picture of the author boydstone
      Originally Posted by Joe Benjamin View Post

      To answer your question...

      The *key* is to find those who are traders first.
      Not "marketers" or "salesmen".

      Problem is those who teach how to trade
      profitably are not easily found because they're
      way of living is from trading, not selling course
      or trading material.
      If I had a trading system I could use from home, telling other people how to do it would be the last thing I'd ever do. I give to charities, but I'm not THAT charitable. In fact, I'd keep my system locked up tighter than the recipe for Coca Cola.
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  • Profile picture of the author MoneyDan
    Banned
    Originally Posted by joeysbusiness View Post

    you know the ones .....the "free" miracle software that wins 90% of the time. They are promoted all over the place......obvious scams. Im just wondering because I have started to deleat, unsubscribe ,and just plain banish ANYONE who markets them to me. I know they
    pay well ....but so over the top false claims. So anyone who promotes them is doing it
    for a short term gain....and I do not not need to receive their e-mails ever again.

    Anyone have a positive experince ?
    These binary options products are based on zero technique whatsoever. The only reason people promote them is to get a nice chunk of cash as a commission. It's another way to play roulette.
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  • Profile picture of the author Affiliatebuddy
    There are 100s of other ways to lose money
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  • Profile picture of the author QueenMelanie
    I know a greek man who is big into binary options, I have watched him trade and can see he's all legit, has prob made 45k in last 3 years.. He told me he spent 3 years studying the market before you made his first move though, so there ya go
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    • Profile picture of the author boydstone
      Would he be willing to teach others to do what he does? Of course not. The real trading systems aren't publicized or sold for $7 a copy. If I'm wrong PM me, I'd love to learn to trade again. In my day I've placed around 1500 real-money S&P 500 daytrades and only lost money doing it. I was Joe Ross's apprentice at one time. So if I'm wrong about the real trading systems not being taught, prove me wrong by teaching me.


      Originally Posted by QueenMelanie View Post

      I know a greek man who is big into binary options, I have watched him trade and can see he's all legit, has prob made 45k in last 3 years.. He told me he spent 3 years studying the market before you made his first move though, so there ya go
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      • Profile picture of the author QueenMelanie
        Originally Posted by boydstone View Post

        Would he be willing to teach others to do what he does? Of course not. The real trading systems aren't publicized or sold for $7 a copy. If I'm wrong PM me, I'd love to learn to trade again. In my day I've placed around 1500 real-money S&P 500 daytrades and only lost money doing it. I was Joe Ross's apprentice at one time. So if I'm wrong about the real trading systems not being taught, prove me wrong by teaching me.
        There is no quick learning method for a volatile market.. You just have to monitor and monitor until you understand and can notice trends and fluctuations.. He would be willing to teach me I'd reckon, but my training would involve at least 6 months of watching. Oh he also had a PHD in theoretical physics and maths, and is autistic, so that probably helps too ..
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  • Profile picture of the author EmergencyMonkey
    1001110011111001010001110
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  • Profile picture of the author joeysbusiness
    thanks for some insightful comments ....although NO ONE has responded that they have tried any of these softwares ....or admits to promoting them

    Just today: BinaryMafia , Larrys Cash Machine, Pure profit, etc etc etc etc ...

    they each claim to make ...not hundreds...but thousands per day!!! lol

    and each are free.......

    this seems like a MASSIVE FRAUD .....

    so my main questions remain: does anyone here promote these? ( i get emails EVERY DAY)

    has anyone here tried these? ( there are a lot more than I named above....those are just the most recent).

    Listen ...I have no interest in using these softwares .....its impossible they work as advertised......
    I am interested in knowing if anyone has lost money using these....its a huge business right now and
    I know Im NOT the ONLY ONE receiving these emails.

    Lets expose these for what they are ........ ok?
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    • Profile picture of the author christoz
      Originally Posted by joeysbusiness View Post

      thanks for some insightful comments ....although NO ONE has responded that they have tried any of these softwares ....or admits to promoting them

      Just today: BinaryMafia , Larrys Cash Machine, Pure profit, etc etc etc etc ...

      they each claim to make ...not hundreds...but thousands per day!!! lol

      and each are free.......

      this seems like a MASSIVE FRAUD .....

      so my main questions remain: does anyone here promote these? ( i get emails EVERY DAY)

      has anyone here tried these? ( there are a lot more than I named above....those are just the most recent).

      Listen ...I have no interest in using these softwares .....its impossible they work as advertised......
      I am interested in knowing if anyone has lost money using these....its a huge business right now and
      I know Im NOT the ONLY ONE receiving these emails.

      Lets expose these for what they are ........ ok?
      Have a look at Option Xe on youtube the guy Keith reviews all these kinds of scams he funds his account and see if it works
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      • Profile picture of the author professorrosado
        Originally Posted by christoz View Post

        Have a look at Option Xe on youtube the guy Keith reviews all these kinds of scams he funds his account and see if it works
        Hey Christoz, how about a link to the video?

        Easy come and easy go. You want to make easy money, your money will easily go.

        It has nothing to do with scams or scammers. It is the way you approach something that makes you the loser.

        A lot of people like to throw around the words "scam" and "scammer" a lot to cover their own deficiencies. Just because your situation didn't turn out right, doesn't mean the vendor is a scammer.

        That being said, software will not make you rich and if someone has such, he or she will not sell it to you - bottom line!

        If anyone is interested in "learning" how to make money make money, then it is best (as suggested above) to do research, get a mentor/training or join a club that actually teaches you "safely" = (not your money) to trade well.

        The markets that are allowed in the USA are not scams - but you need to KNOW what you are doing.
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  • Profile picture of the author joeysbusiness
    yet another email promotion:

    subject line: CLICK + COPY = $740 in 90 seconds ( BAM ....unsubscribe)

    same old worn out lines: its JAWDROPPING ... (pah lease think of some new stuff)

    STUPID SIMPLE (God Im tired of that one)


    thousands daily ....THEY do the work ( my God ....WHO are "they" ?)
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    • Profile picture of the author Daniel Evans
      Originally Posted by joeysbusiness View Post


      its JAWDROPPING ... (pah lease think of some new stuff)
      Leasing is only a logical option for the financially restrained.
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  • Profile picture of the author regulardan
    Binary Options are DANGEROUS with or without cruddy software....
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  • Profile picture of the author Tommyg123
    Hey everyone,

    I'm not an expert internet marketer and I haven't promoted any binary software etc but I have been a professional trader my entire career and can assure you the odds of making anything from binary options are pretty much non existent.

    If you want to seriously learn about trading PM me. Or email me privately tomgriff1@hotmail.co.uk.

    If you want to make any money trading you have to deal directly on an exchange not through a third party broker (I include 99% of forex brokers on the do not touch list as well).

    I have been a futures trader for about 10 years and worked at several proprietary trading groups, we used to have people that have tried trading forex from home or binary options, spread betting etc join the firms. Not one of them lasted.

    As for signal services do not touch them can give more info if you are interested. Heres a blog post I wrote on the matter http://thedaytradingmentor.com/the-t...gnal-services/

    Tom
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  • Profile picture of the author Olavski
    Its funny when people start offering free things that are actually not free or when they guarentee everything and its a obvious scam...Its very important to NOT guarentee things.
    For example "make $300 a day guarenteed, if you buy this system" so when you buy it and you lose some money and doing everything you can to make that 300 dollar a day and still don't make it. You can actually sue them i think, because it said Guarenteed...

    Just a small tip: always do research when starting with anything. For binary options, start looking for valuable youtube vids, article, case studies etc. Binary options is requires money. If you only have $1000 bucks, i don't recommend you starting with it. I you have a budget of $15,000.00 and you are not afraid to lose money. take action.
    Also, some systems have demo programs. Start with those, when you have doubled your money. Go do it for real.
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  • Profile picture of the author shakil550
    Banned
    [DELETED]
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    • Profile picture of the author BinaryEoDSignals
      Originally Posted by shakil550 View Post

      Binary trading is really awesome. I am trading with new software that's awesome.
      Just be careful. It usually looks good for the first few days and then the losing runs come and then your account is blown away. Why?

      Purely because the traditional binary trading is not different from gambling.
      If you want to avoid gambling in binary, CONTACT ME
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  • Profile picture of the author bestincome
    You may check it out this video :
    Live trading binary, no demo / virtual money.
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  • Profile picture of the author joseph7384
    If anyone is looking to get into binary options, beware and read this thread first!
    http://www.warriorforum.com/main-int...en-my-dad.html
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  • I actually have a Buddy who is the Co-Founder of something called The Traden Group, and they talk about all of that stuff.

    It's obviously very lucrative, IF..you know what you're doing. And just like anything else in Life, if you approach it with the wrong Mindset, Heartset, and Skillset....you could very likely end up broke!

    So, I would just advise that you find a Mentor who is where you want to be, and has been where you are. That way you can relate to them.


    YOURS In Prosperity,

    Omar "Power Moves" Adams
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  • The house always win and YOU are always the looser! Need I say more?
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    soon people... Relax...
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  • Profile picture of the author zeeeze
    If the binary was on auto bot and the fella has been making boatloads of money without DOING ANYTHING...then why is he putting in an effort to make a video to sell his super automated system?
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    • Profile picture of the author BinaryEoDSignals
      Originally Posted by zeeeze View Post

      If the binary was on auto bot and the fella has been making boatloads of money without DOING ANYTHING...then why is he putting in an effort to make a video to sell his super automated system?
      Zeeeze, it still baffles me why people fall daily to the scam. I fell once and learned my lessons immediately. Let's take the 2015 millionair bot as an example. The vendor claims it would make users $1 million this year. But he's giving it out for free. Is he that kind?

      That means he developed a tool that would make every trader $1 million this 2015 and is happy to give it out for free. Who would do that? Would Bill Gate or Richard Brandson,as rich as they are, do that?

      Guys, don't fall into those scams. It's all BS. Read the Red Flags above and see why they give the bots for free.I bet you, the vendors don't even do one trade with those bots that they give out to you for free.
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  • Profile picture of the author Alex Langidis
    just stay away from binary. there are no magic buttons or push buttons to make you easy money. ok some people maybe make some money with binary and maybe you too at the beginning but in the end you will finish with 0 in your balance.

    If you want make money online then build a business online, give value, build a list and keep going up!! money is near
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    • Originally Posted by Alex Langidis View Post

      just stay away from binary. there are no magic buttons or push buttons to make you easy money. ok some people maybe make some money with binary and maybe you too at the beginning but in the end you will finish with 0 in your balance.

      If you want make money online then build a business online, give value, build a list and keep going up!! money is near
      Yes, binary is a way, where some people make tons of money, and the majority lose money.
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    • Profile picture of the author joeysbusiness
      Originally Posted by Alex Langidis View Post

      just stay away from binary. there are no magic buttons or push buttons to make you easy money. ok some people maybe make some money with binary and maybe you too at the beginning but in the end you will finish with 0 in your balance.

      If you want make money online then build a business online, give value, build a list and keep going up!! money is near
      EXACTLY...!

      Thank you EVERYONE who responded. This promoting of binary software I a scam of
      epic proportions. The people promoting this as an affiliate or as a CPA offer are just as guilty (IMHO).

      I received two more offers today.......and mind you I've been deleting and unsubscribing fast and furious .

      I just wanted to shine ( admittedly a small one) some light on this obvious scam. Here's hoping they get shut down soon
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  • Yes, people do make money with binary...

    However, not using those 1-click instant-money softwares.

    Those scams.
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  • Profile picture of the author robo916
    Binary is not for newbies and there are no shortcuts. You can make lots of money with options but the people making money with binary options have put in months and months of time studying and learning the markets and patterns of different currencies and commodities etc. No shortcuts!!!!
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  • Profile picture of the author SaeedKhan
    I'll be honest with you, I did something something similar Forex which is also predicting if currency will go up or down against another currency and I made some money but I realised one thing, its a boring way of making money being glued to the screen. Also the main thing that I didn't like is that it is a way of making money where you're not really helping other people in anyway, you're not providing value to other people. You're doing it to make money. Yes money could be made but I prefer to earn my money by helping others and receiving reward from people who think I have provided them some sort of value and help improve their life, business etc.
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  • Profile picture of the author drschool
    Whatever you do, stay far away from Options XO, those guys are a bunch of crooks.
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