Binary Options Trading Beginner Basics

This post will cover the very basics of Binary Options trading, and it will do so with a short presentation video, linked below.

Full disclosure: We get paid a commission fee if you sign up using any of the links on this site.

We will help you understand the basics of Binary Options trading such as:

  • How does Binary Options work?
  • How do you enter a trade?
  • Where can you go to get trading support?
  • What about signal services and trading support groups?
  • Is Binary Options a scam?
  • How can you really make a lot of money with Binary Options?

Learn how you can join over 2,000 Traders just like you as part of an exclusive trading group and find out how you can:

  • Register for Free
  • Avoid paying any monthly membership fees to a group that consistently delivers over 80% accurate signals
  • Get over 30 signals per day from expert traders and top admins that get paid to deliver good signals every day (except weekends, of course)
  • Learn how you can participate in live webinars and take live trades during webinars with step-by-step explanations and trading support
  • Trade market news such as the monthly NFP (Non-Farm Payroll) that can rake in thousands of dollars
  • Get the support of a group of traders that feel like family

Join the group and read the posts on this site to find answers to all the following common questions:

2015-09-04 00_24_19-Clipboard

  • Binary Options Results

2015-09-04 00_25_24-Clipboard

  • Binary Options Scam Or Not?
  • Binary Options Worth It?
    • Yes, without a doubt. It also protects you against the more recent market volatility.
  • Can You Make A Living With Binary Options
    • If you have a win rate of 80% or better, or follow traders that spot winning trades 80% of the time, you will definitely be able to live off trading Binary Options
  • Can You Really Make Money Trading Binary Options
    • Yes, you surely can really make a lot of money trading Binary Options
  • Forex Binary Options
    • Trading Forex Binary Options is one of the most popular trading assets
  • How To Always Win At Binary Options
    • You cannot always win at trading, no matter what the scammers tell you. As long as you get at least 65% or better, you should be fine.
  • How To Trade Binary Options
    • So glad you asked! That’s what this post is for.
  • Is Binary Trading Legal
    • Yes
  • Most Reliable Binary Option Broker
    • In the USA, the most reliable way to trade binary options is through the Nadex exchange since they are fully CFTC regulated.
  • Risks Of Binary Options
    • The risk in trading Binary Options is getting the market direction wrong more than 60% of the time, get that right, and you’re golden.
  • Tips For Option Trading
  • US Binary Trading
  • What Time Do Options Start Trading
    • Below there is a handy world clock widget that shows you the current GMT time, follow the link to see the market opening times that matches your timezone

World Clock

Moneta Method Binary Options Auto Trader – SCAM SKUNK or SLAM DUNK?

The Moneta Method auto trading software is currently in Beta testing, so if you like getting in early on a deal, this might be for you.

Full disclosure: We get paid a commission fee if you sign up using any of the links on this site.

I’ve looked at their presentation video and there are a couple of things that stand out, they aren’t claiming you will make a million in a month, so that is good. They claim to have been involved in creating multiple types of trading software over the last 12 years, so that also counts in their favor. They also state that it is not a get rich quick scheme, but that they deliver steady profits – all good.

Things started to get a little weird when the guy, Stanley Williams, started talking about how the Roman Empire used “Moneta methods” to control the finances of the people. The Moneta Method auto trading software claims to use the same tricks the ancients used to control finances, but this time it works in your favor. The Moneta Method algorithm was created some years ago, but could never be implemented successfully due to computers not being fast enough, or so the author claims. Now that computers have become much faster – totally agree there – they claim that their software is now capable of running their Moneta Method algorithm fast enough that it is profitable in actual trading.

They claim that some big bankers were interested in purchasing the Moneta Method auto trading software from them in 2014, but that they decided to keep it for themselves, and officially launch it somewhere during the 4th quarter of 2015 to a group of bankers at a fee of $125,000 per month.

In return for getting in on the Beta testing phase of the Moneta Method auto trading software, they ask that you write a review or do a short video testimonial of your results – fair enough I guess.

From their video it seems that it is possible to run their trading software in either auto mode, or in manual mode. I like that you have the option to switch between the two modes, and I will be testing that out.

I followed their registration process, and got assigned to the BeeOptions Broker, I’ve had an account with them before and I trust them. Once you’re done with the sign-up process of the Moneta Method, you get a short video that steps you through how to deposit money with the broker that was chosen for you. This is a fairly standard procedure that you will find with almost all auto traders.

Here’s what their trading board looks like, I checked a couple of the trades that were in “Open” status and it looked like only two of them ended up losing, but you’re welcome to check for yourself. I honestly think that the $1,8 million profit figure does not reflect someone’s live account though.

Moneta Method Trades

They claim that an investment of $250 dollars in your initial trading account, will give you profit of $200 per trading day, trading $25 per instance, which means that you would need about 10 successful trades and no losses. If there are losses, you would obviously need more trades. In theory this is all possible, but it remains to be seen if the Moneta Method auto trading software will deliver.

I will be posting updates on how this goes, but from past experience, I can tell you that I’m not convinced you will get $200 per day from this auto trader with only a $250 account.

So is Moneta Method auto trading software a Scam Skunk or a Slam Dunk? It’s too early to say with definitive proof, and I like to be fair, so I will reserve my final judgement until after I have seen some results. Their beta testers are at least not simply paid actors as far as I can tell, and they’re not promising you to become an instant millionaire, but whether they can deliver on their promises remains to be seen.

If you are interested in testing this out for yourself before I post my update, follow this link: Moneta Method

Moneta Method

7 Figure Club – SCAM!!!

The 7 Figure Club is a total SCAM, and I’ll tell you exactly why you should stay away from it.

Full disclosure: We get paid a commission fee if you sign up using any of the links on this site.

When you load the 7 Figure Club site, at the bottom left you will see there is a little count-down that says that there are only 10 spots left. That counter starts eliminating the “spots left” very rapidly until there is only 1 spot left – and of course the guys from 7 Figure Club want you to believe that it is your last opportunity to get in and make money. But hold on a minute.

2015-08-25 15_08_34-Cortana

The joke is that if you simply refresh your browser, the spots that are left magically resets to 10! It’s actually kinda sad, c’mon guys! So basically 7 Figure Club is just lying and trying to get you to sign up as quickly as possible without thinking.

Here’s another thing, they claim that they will make you one million dollars in only 27 days. Now, is it possible to make a million dollars trading binary options, yes, I totally believe that is possible. You need to be pretty good and very dedicated, and you must have a broker that can handle really high trade amounts, but $1 million in 27 days is impossible.

7 Figure Club Scam

If you were able to do that, you would need to place at least 10 trades every day and put down $8,000 on every trade. Most brokers will never even allow you to trade that much, so you would have to spread it over a number of brokers. In short, 7 Figure Club is a scam and they’re lying. You can make a lot of money with Binary Options trading, but making a million in a month is not possible.

To add insult to injury, when you try to leave the site, they promise they will give you $10,000 just for being on the site, what!!! Imagine how many people are out there, counting their dollar bills that 7 Figure Club sent them – or are they?

Binary Options Scam 7 Figure Club

Why would they do that? I entered my name and email, and they haven’t even sent me an email from an auto-responder, and of course no $10,000!

Here’s something else you will see on their site, they show you a list of names and how much money they’ve just made, so that’s legit, right? Wrong!!! Take a look at the screen capture below. When you know a bit more about how sites are made, you can take a look under the covers, and that’s what I am showing you here.

7 Figure Club Scam Fake Winnings

When you take a look at the code behind the site, you will see that they simply have a list of names, and a random number generator that shows fake winnings of made-up members!

It’s not real people!!! If it was real, they would not have needed to do all of this, all they want is your money, stay away from 7 Figure Club, it’s a SCAM!

If you do want to learn how to actually make money, rather get some training from the guys at OptionXE, and if you want some help with when and what to trade, check out their OptionBot 2.0 service.

Trade safe!