The truth about binary options reviews

If you are new to binary options, you probably are looking for some help on the Internet. But that could be very dangerous.

Binary options are very easy to understand, because all you have to do as a trader is to correctly predict whether the price of an asset will go down or up. But when you start trading, you soon realise that to make money you need a proper trading strategy.

And because building a profitable strategy can be a long and painful experience, you start looking for something ready to be used. At first you might think that it will be easy to find, because there are thousands of binary options robots, strategies and signal services on the Internet.

But the problem is that the vast majority of them are scams. And an even bigger problem is that the vast majority of reviews of these strategies and systems is fake. So you can get lost very quickly and lose money.

There are only a few honest and reputable binary options review websites, such as Why? As always you have to follow the money.

The main reason is that binary options brokers are willing to pay nice affiliate commissions to people who send them new traders. So instead of explaining how binary options trading really works some people chose to lie and promise millions through free programs.

It is because it brings higher affiliate conversion rates than telling the truth. This principle applies to all types of reviews you can find about binary options – robots, strategies, signal services and brokers.

Nowadays the majority of binary options reviews is fake. Their authors either lie about what they review, or they do not even try the product. Their only aim is to earn an affiliate commission, so they will say anything that could convince you to click on their link, sign up and deposit money.

Now you might ask how to avoid all these scams and protect yourself? First of all you should realise that free money does not exist. Not even in the shape of a trading robot. No matter the surrounding story you are told, if you are promised free earnings, you should be very cautious. You can be sure that sooner rather than later you will be asked for a deposit that you will lose. This will be the price you pay.

The sad truth is that there are only a few exceptions that you can rely upon when it comes to reviews. Always be very cautious with positive reviews, especially when they say that a free system can make you a lot of money.

The best way to really start earning in trading is to rely upon yourself. You have to learn, test and demo trade until you build a sound strategy. Then you will have something real that you can invest your hard earned money with.

You must be logged in to post a comment Login

Leave a Reply