5 promises that you as trader should not believe

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5 promises that you as trader should not believe

Let us take a look at some of the promises you can hear from the internet or you can hear from the binary options broker. As we all know people like to lie, it is just something in our nature because it makes our decisions easier then. So we have compiled some top promises that you definitely should not believe and later thank us! Your welcome!

1. WE WILL TELL YOU WHAT TO TRADE

No one, especially your account manager as your broker will not tell you what to trade. What they do is, they send you market analysis and with that you get few opinion which could point you to which direction the market will go. This way you can see the trend but he will definitely not email you, call you and assisst you on daily basis on what exactly you should trade, which direction and for how long. You can get signals for that but that is another story – i think you should focus on learning it yourself anyway.

2. YOU GET OWN ACCOUNT MANAGER

Well you do and you do not get it. What now? Well this is still a human and he is paid for the work by the broker website, the platform you are using as a trader. If you want to get one especially for you, your deposit must definitely match that and not just minimum one. We are talking about 4 figures and up. There are some good points if you can afford that since he can help you with strategies and 1 on 1 lessons but still, he works for the platform and i would not relly on that even if they say you so. After all, think this way, if you would own the platform, would you take money out of your pocket?

3. BROKER MAKES MONEY IF TRADER MAKES MONEY

Actually it is more like, if you lose money, we make money kind of deal. But you will hear the other version lots of times because it is just easier to tell new traders that since they feel more secured. You have to keep in mind that more then 90% of new traders lose their account and that is theirs profit. If you look on the bright side, if you keep making money, they will also help you make more money since the majority of binary options brokers uses system P&L to make their money which is a total of profit and loss traders make. So, the more you trade, the more money rolls in the platform.

4. PROFIT IS GUARANTUEED

Nothing is guarantueed in life, therefore trading is not aswell. What you trade, that is what you can profit – it is up to you what you can do. if we talk about steady profit, it can happen if you get on a streak but definitely not for a long time,it always ends. So you should stick to rules and not think you are some sort of god or genious. But as long as you have strategy and stick to it you should be able to make profits and that is what you want.

5. WITHDRAW YOUR MONEY WHEN YOU WANT

Would be great if you could do it in 24 hours time but unfortuneatly the reality is far different from that. Because you need to have verified account, sent the documents to the broker of your choice and then when you do a withdrwa request, it usually take atleast 48 hours of time to process this. Then the money is sent to your specified account which takes another 2-3 days depending where you are located it can take even more time. Make sure aswell which broker you choose and that they are regulated so you do not get scammed at the end.

FINALE!

At the end, if it sounds to good to be true – then it usually is. I think you do not want to regret a decision and look as the guy in the picture. I would recommend that you check our recommended binary optiosn brokers so you know who are you dealing with and atleast you will sleep better. Use common sense and learn to trade and relly on yourself then others and you will go longer and more profitable way.

5 Binary Options Promises You Should NOT Believe

Until Death Do Us Part?

“I, take you, to be my wife, to have and to hold from this day forward, for better or for worse, for richer, for poorer, in sickness and in health, to love and to cherish; from this day forward until death do us part”.

Most married couples say something similar on their wedding day. For a little bit more than 33% of them, it’s a complete lie. As we all know from our everyday life, promises are easier made than done. Same goes for some trading platforms you register with. If you, Mr. “I’ve never traded, but I really want to”, haven’t done your homework on the platform you registered with (like checking out our review on it), and still haven’t deposited, here are a few promises you shouldn’t fall for such as maybe like that day you got married.

1. Yes, Your Account Manager Will Tell You What to Trade On

No, your account manager will not tell you what to trade on. He can give you his analyze of the markets and his opinion on different movements and once in a while give you a few good trades if he recognized a sure trend. But no, he will not call you every day and give you the assets you should trade on, or for how long, and during what hours. For that you have signals.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

2. Yes, You Get an Account Manager At Your Service For Minimum Deposit

No, you don’t get an account manager at your service with a minimum deposit. Forget it. The account manager is a person, a human being. Not a robot, panda bear or a volunteer. He is costly to the platform, meaning he is definitely not going to be free for you. You are not paying for him directly, but you need to have a high enough deposit in order to have access to his services. He is valuable. Among his services he can offer you one-on-one lessons, teach you trading strategies on different tools (high low/one touch/ boundary), and even for premium account traders, teach strategies to trade on the high yield tools.

This guy will analyze your trades, and according to that he will know how to advise you best. He will advise you on what markets to trade on (according to the hours you usually trade), what trades to cut loose (according to your weak points) and what trades and strategies to focus on (according to your level of understanding and concentration).

3. “Yes, We Make Money Only If You Make Money”

No, we don’t only make money when you make money. If you lose money, we also make money. Salesmen will sometimes try and use this line to make you think that the platform’s main interest is you making profits. 90% of Binary Option platforms make money from a system called P&L. Based on the total profits and losses, traders have. Meaning, your trading volume. The more you trade (regardless of whether you win or lose), the more money the platform earns. It’s fair, and this is why they will sell you the services of the account manager, because even if you lose money, they still earn. BUT, if you gain profits, they know you will keep trading and increase your trading volume, so they will try to get the best people in the market to help you and keep you happy (and fat).

4. Yes, a Steady Profit Is Guaranteed

No, no and no! A steady profit is not guaranteed. You trade, whatever you win is yours. Whatever you lose is not yours anymore. It can be a steady profit at some point once you get the hang of it, and once it becomes routine for you. But at the start, you can make $200 the first week, the following week you will make $1000, on the third week you won’t make any money at all and in the last week you will reinvest $500 because you lost your remaining balance after withdrawing profits. In the long run you want to deposit the least amount as possible, and withdraw as much as you can. Withdraw half of your capital once you double your balance, keep trading with what’s left and repeat the same process over and over. Do that and you’ll be fine (as long as Iran doesn’t get nukes).

5. Yes, You Can Withdraw In 24 Hours

No you can’t, there is no such thing. Each platform needs to make a verification process. Once you send your documents, they are verified and archived. Each time you make a withdraw request, it takes a minimum of 48 hours to process your request. Only then your money is sent to your bank account/mail box or fax. The quickest withdraw a few of the platforms offer is three working days, and the longest… well, I saw some unlucky comments saying they’re still waiting since 2020. Again, know who you’re dealing with. A cool logo doesn’t mean it’s a safe platform, and on the contrary, a dull logo on an unknown platform to review sites doesn’t mean it’s fraudulent. Back to our business, most withdrawals can take up to a week. And if you are the kind of person that often needs money on the spot (because your mom got sick, or your Ukrainian dealer says its pay time), make sure to ask how long the withdrawals will take.

The End

In conclusion, few are the people who pay out cash, stick to their word and put their money where their mouth is. You can always ask me what you were offered, and I can tell you if it is possible or just a fantasy from a different galaxy. Use your common sense. COMMON. If it sounds reasonable, it probably is. If it sounds like a scene from Harry Potter, keep your magic stick in your pants. Don’t get too excited, Come and see me.

Thomas. Come Chat with me on Our Forum!

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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