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@  traderpusa : (19 January 2020 - 08:20 PM) Kurt09 you should post in appropriate thread with screenshots to prove your case
@  kurt09 : (19 January 2020 - 03:25 PM) They Analist Edward Shultz is the biggest scammer, stay away from them
@  kurt09 : (19 January 2020 - 03:24 PM) Elitetrading.co and Tradeidiea is Big Scam, they dont let you withdraw yourr money
@  joacim : (19 January 2020 - 05:28 AM) vostro
@  traderpusa : (18 January 2020 - 09:54 PM) great. good luck trading in 2020 !
@  Singh : (18 January 2020 - 03:37 PM) @traderpusa naw man, I give up, its too much to baby sit people, give them rules and guidance and then restart again lol I am better off trading myself here and there.
@  traderpusa : (17 January 2020 - 09:34 PM) sorry to hear that. Keep on looking I would say.
@  Singh : (17 January 2020 - 04:20 PM) @traderpusa Nope, was a shit show. I doubt there is a good trader out there with a good risk management etc, demo is all bell and whistles lol
@  traderpusa : (16 January 2020 - 09:05 PM) Is your guy still active ?
@  traderpusa : (16 January 2020 - 09:05 PM) all good Singh. Back to the daily grind of trading.
@  Singh : (16 January 2020 - 03:45 PM) @blessedtj Hola
@  Singh : (16 January 2020 - 03:45 PM) @traderpusa Sup Man
@  blessedtj : (15 January 2020 - 11:35 PM) hi all
@  traderpusa : (15 January 2020 - 10:09 PM) Hi Singh.
@  Singh : (15 January 2020 - 01:04 PM) Hey T
@  Singh : (15 January 2020 - 01:04 PM) Sup Fellas
@  Tripack : (14 January 2020 - 01:19 PM) Best to throw your question in a thread here http://www.binaryopt...ing-assistance/
@  forza125 : (14 January 2020 - 08:33 AM) ?
@  forza125 : (13 January 2020 - 02:23 PM) can anyone put an alert on a histogram?
@  traderpusa : (08 January 2020 - 02:49 AM) it is.

Photo

Idiotic dream of making money overnight


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#1 neddihrehat

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Posted 24 March 2018 - 09:35 AM

9qS6Ssh.png

Ah, I'm overflowing with sympathy after reading this message.

 

I occasionally get such ridiculous messages. This post is not to mock them who needs money or who are beginners. It's more for showing how it's actually true and how it has it's own risks too. I remembered about this messages because yesterday some other newbie asked me same thing. He was extremely disappointed to know that I cannot make such big amount of money within short time. I told him I cannot take such risks and maybe can turn that $10 into $20 at most if I try my best

 

Now, as for reference of what kind of video we are talking about, let's see below. 

aXkyy9H.png

Youtube is full of such experts right now. They are making so much money with binary options that you cannot even hold your breath. I know for sure that some of them are not scammer and actually industry experts. Since experts are making this much money, it's obviously true that it's possible. 

 

Turning $1 into $1k or $100 into $10k, $1k to $100k is certainly possible. It's almost absolutely possible with 10 or maybe 14 itms in a row. There are actually some huge risks taken for such trades. I'll discuss some of them.

 

  • For fun: First of all, those who can do these kind of awesome job, they do it for fun mostly. They thrive for challenges. If they win 100 times in a row somehow, it's probably because he did it as challenge somewhere. 
  • Prepared to Lose: They are prepared to lose that amount of money. Their capital is big enough to let them take the risk. They are not using all of their life savings in one trade. What if you lose the first trade with all of your last bit of money? What if you lose the 13th trade? 
  • They know their limits: You cannot win 20 times in a row without trying at least 200 times. That's a given. Even if your account has 1K deposit showing, your original balance in your bank might actually be 10 or 100 times greater than that. You are risking only a small bit of the whole money. 
  • They are not stupid newbie: The people who wants to win all at once and become rich overnight actually loses all money at once due to stress. They are not like that. They know success doesn't come overnight. They know that they are not some GOD who can predict market 100% time.
  • Bigger Reward == Bigger risk: If you want to earn $10k, you must be able to risk $10k too. If your capital is $100, then all you can wish is to risk $5 and earn $5 at most, not 100$ or $10k. Dreaming is good, but asking for a bigger reward without the proper risk is not a dream, it's stupidity.

Now the real questions are,

  1. even if he can turn your $10 into $10k, why would he help you? His time is precious. Making trades requires time and focus, who is going to pay for that?
  2. Is there any business in world where you can turn $10 into $10k in 1 week/month/year also just by asking someone to do it for you?

So stop with idiotic dream of making money overnight. Stop asking others to show you some miracles. 


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#2 shaileshm

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Posted 24 March 2018 - 10:32 AM

I would say these kinds of things are possible, if you have a successful strategy and good at emotional management . There was user hp966vila or someone had started to get similar results before he stopped posting here.
Know Thy Setup. Know Thyself.

#3 Singh

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Posted 24 March 2018 - 10:52 AM

I like the title of the thread with one modification "Idiotic dream of making quick money with binary options" lol
  • neddihrehat, uday, ozimkowski and 1 other like this

"The game taught me the game. And it didn’t spare me rod while teaching."
- Jesse Livermore

 

My Youtube channel for trading videos -  https://www.youtube....user/mindpl4y3r


#4 KIMO

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Posted 30 March 2018 - 12:24 AM

This is the reason why there are many scammers everywhere.




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