Hey everybody. I am new to this forum thing but I am not new to binary options. I have been trading online for years and need to vent.
I do not even know where to start because I have seen it all before. Not just with binary options, but casinos too. Whether it is the bonus, the numbers not exactly where they should be, or payout problems. Can you show me one person who hasn't experienced it with one broker out there?
I have worked with 7 of them now and there are good guys and bad guys just like everything else on the internet. you just have to be realistic. These companies have been don't want to part with their money. There are three things I have learning while sending my money overseas online.
1. They are never going to pay you as fast as you want.
It just matters that they pay you in the end. These companies aren't usually american businesses, they don't hold the same values as us and only think if they send your money eventually its okay. WE ALL KNOW IT ISN'T. But I can tell you stories. Just asking for $200 withdraw just to test out the website and they still take three weeks to payout. I still get pissed every time; its so stupid if they sent me that money the same day which I know they can I would put in 10x that amount. But what can you do? After a year of trading options and foexr and years in casinos, I have learned it never changes
2.The bonus is never good unless you don't have a lot of money to work with or you know how to use it. Come ON people. Can I be the only person who realizes its the same as the online-casinos? Just the amount you got to play with isn't as high but it still works exactly the same. They give you some money and you got to make that last to 20 or 40 or even 60 times they amount. It works like a trap for stupid people ( sorry to stupid people, but if someone is just going to GIVE you $200 you think they don't want something back. ALWAYS ASK QUESTIONS).
That being said if you know how to use it then it could maybe work ( with a lot of luck and maybe a prayer) Only have $300 bucks to invest with having twice that amount can really help. You just have to bare in mind that if you get that bonus you will need to stretch that out at least 20x what you started with to get ANY MONEY BACK. If you don't do that you lost your original $300 no matter what.
But if you have say a 70% win ratio on your investments(bets?) and you keep your investments small, you will in theory be able to withdraw a hole heck of a lot of money. Assuming they pay you (some websites most likely won't, its a risk you take).
3. Last and most important. ITS ALL A GAMBLE. No matter what slots, poker, forex, binary options trading. It does not matter you are gambling. There is a predicable number of odds that you are going to win. There is a predicable number of odds that the website you work with is legitimate and are going to pay you. There is predicable number of odds that most of they money they make is off suckers like me who continue to do it even when the odds are against me.
You need to be ready to accept those odds and do something with it. Whether its managing the risk of your investment (the bet itself & trusting the site) if your not ready to lose that money. Put your hands in your pockets or play in the demos and STOP COMPLAINING. If you want to make some money and have can except loss, then tread carefully and with a big stick.
Wow that felt good why haven't I done this sooner?
if we talk about the bad brokers we will be here for weeks