Binary options are a scam for suckers! This statement or statement can be heard quite often. We receive letters from traders who have lost their money and blame everyone. We want to answer the question: Are binary options a scam for suckers or not?
Let’s start with the definition of the word “divorce”. We found on the Internet that the meaning of the word “Deception”. We decided to deal with this meaning and understand why and from where binary options trading is considered to be a DIVORCE. By the way, this is not only about binary trading, but also about forex trading.
This article is written based only on my experience as a trader and broker. Having worked for more than 8 years for three brokerage companies, I want to answer this question without statistics and tests. This is purely my opinion about binary options trading and trading in financial markets in general.
Working for a forex broker, I noticed that many traders blame brokers – consultants for their failures and loss of deposit. There were many arguments: I didn’t teach, I didn’t say, I didn’t show. Since I worked for a regulated forecheck broker, I could not advise or push the trader to take any action. This could lead to losses, and we could not take responsibility and influence the result of trading.
Tatistics has shown that more than 95% of those who start trading lose their money. After the loss, communication was very difficult. We were accused of fraud, that it was a scam and that we threw someone.
TRADERS LOSE MONEY NOT BECAUSE THEY HAVE BEEN DECEIVED, BUT BECAUSE THEY BELIEVED/THOUGHT THAT IT WAS POSSIBLE TO MAKE MONEY ON THE FINANCIAL EXCHANGE WITHOUT TRAINING AND KNOWLEDGE.
I decided to figure it out and collected my statistics and characteristics of traders. It completely coincided with the behavior of binary options traders.
To conduct statistics and understand me was prompted by the fact that I noticed that there are traders who systematically earn. Why? After all, almost everyone loses.
The result of my research showed the following.
- 70% of beginners make only one deposit. They don’t have a strategy and they don’t know much about anything. I mean, they haven’t even read a single technical analysis book. Their knowledge is zeros. The behavior of such people is very predictable. They make multiple trades and lose their money. After that, they leave and do not return to the auction.
- 10% of traders make a second deposit, however, their behavior does not differ from the first time. Accordingly, the result remains the same.
- 10-15% Make the third and fourth deposit after that there are many forums and articles on the topic “Binary options divorce for suckers.” Why? Yes, because the result is ZERO.
THE MOST FAMOUS BINARY OPTIONS SCAMS FULL LIST
Why is this happening?
Many who start trading consider themselves a trader, and fall into the trap of advertising. Where it is said that you can make money quickly. But that was not the case. Money flies into the pipe. And I have a problem with that. After all, I am a trader who lives and earns on speculation on the stock and currency exchange. Why is my work called “Divorce for suckers”?
Why don’t these people call medicine charlatans, because if they start doing operations, the result will be that 95% will not live to retire).
My problem is that 90% of the trading people, I find it difficult to call traders.
Binary options trading is not a scam. It’s hard work. Where you need to study a lot, search. Where knowledge and understanding are needed. If someone opens a deal and can’t explain why he did it, it’s hard for me to call him a trader, and this does not give him the right to call my work “divorce for suckers”.
SCAM
Fraud – in the broadest sense, is a deception or abuse of trust in order to take possession of someone else’s property or the right to someone else’s property, property (property or money).
Switching from forex to binary options, I saw the same statistics. And I heard the same slogan “Binary options are a scam for suckers”. But this time, I didn’t argue with anyone. I knew what the man would do, sorry, I can’t call him a trader. After the question “Why did you enter the trade” or “Are there any reasons not to enter the trade”, I received almost no answer.
5% of traders who simply decided to make money and start trading responsibly, understanding all the risks and values, EARN and do not call trading a scam.
I don’t know if this article will be useful and to whom, but I hope before investing money, or calling my profession a “scam”, think about what you did to succeed. How much time you spent and how strong was your desire to break through and become a trader.
Is binary options a scam for suckers ? No, there are just lazy people who want to make a profit without even the slightest effort.
Inference:
In order not to be a sucker in binary trading, a trader must behave like a trader. Namely, to understand that there are risks, that you need to learn and practice. Losses are inevitable, few people manage to earn right away.
If you are promised to earn a million for free and you believe it, I’m sorry, but you yourself know who you have become. In order to earn money, you need to work, and not look for freebies.
TRADE ONLY WITH HONEST BROKERS
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