I don’t consider myself a day trader, but I have been successful with binary option trading.
I’m going to be completely honest with you. I have never been a day trader and I only dabble in the stock market. When I first started with the stock market, I found myself like a fish out of the water and felt like I didn’t know what I was doing.
The truth is that The Orion Code trading is a lot more stressful than I thought it was going to be.
And making the right decisions is really hard if you don’t have the knowledge and experience.
I quickly found that there was no dabbling in the stock market. I either had to get out or give it everything I had.
So I know I am not an expert when it comes to the stock market. But I would like to say a few things about binary option trading. I feel that the SEC should do something about all these people who are trying to make money online with this craze. You have probably heard about or read about binary option trading on http://www.pushmoneyapps.com/the-orion-code-review-scam/ . The people who are talking about this method want to fool you and make you think that this is going to be an easy way to make money. They get you hooked by promising that you can easily find all the indicators, signals and all the charts you need to make all the right decisions and trade like a real professional. They use all the right buzzwords and are pretty good at convincing people that trading is really easy.
I have lost money on the stock market and picking investments is not much different from betting on a horse race. Your odds of making money are not much better. Binary options are presented as a form of day trading. This is not an accurate way to describe binary options and anyone who says otherwise is trying to fool you.
The Orion Code Binary option trading is not like trading on the stock market and I think this practice should not be legal. There are so many websites that lie about binary option trading. If you complain about losing your money, they will tell you that you need to invest more time and money into the training methods and material they offer. First of all, if these people were really making good money on the stock market, they wouldn’t want to share their secrets. And secondly, if they earned a solid income from their trading activities, they wouldn’t need to charge that much for training.
Brokers charge their clients to make money. I have never worked with a broker and don’t really know how they get paid. But it is my understanding that brokers get a commission fee that is a percentage of the profits made. This means brokers do not get paid unless they are able to generate a profit for their client. This is an ethical relationship where the broker provides a service and receives a fee if they are successful.
With binary option trading, the house gets paid when you lose. If you win, you receive money. Does that remind you of anything? If you have ever been to a casino, then you know this is exactly the same system. Binary option trading are not very different from playing roulette.
If you are looking for ways to make money online, stay away from binary options. If you would like to invest money on the stock market, get some help from The Orion Code a broker to find the right investments. I consider myself to be pretty smart and I understand charts and trends and keep up with the news. And yet I still lost money with day trading and my attempts with binary options were a disaster.
Don’t get fooled by the websites that claim you can make money with binary options. Save up your money, do some research, find a good broker and invest on the stock market when you are ready to.
I hope my experience with binary options will act as a tale of caution if you are thinking about investing your money on the stock market. Share this articles with your friends so everyone knows to stay away from the sites that claim they can teach you how to get rich with binary options!