17 February 2014

Binary Options





Basically this involves logging in to a websites. Loooking at a chart and trying to predict wether the value of a currency/asset will be higher or lower than the current price at the expiry time.

You make a call when you think the value is going to end up above the current value or you make a put when you think that the value is going to be below the current value. If your prediction is right you gain a predetermined profit if it is wrong, you lose everything.


Why would I join?

Here is an opportunity make 81% profit on your money just for predicting the direction of an asset and clicking two buttons. You can do this in the comfort of your home. No more waking up early and having to sit in a two hour long traffic just to to be met by your annoying boss complaining on why you are let. You can also do this repeatedly every thirty minutes.
Let's do the math
You have $1000
You trade every 30 minutes for 5 hours (while seeping coffee and watching movies)
Thats a total of 10 trades per day

Starting Balance : $1,000
Trade #     Profit($)     Total Profit($)  
1 810 810
2 810 1,620
3 810 2,430
4 810 3,240
5 810 4,050
6 810 4,860
7 810 5,670
8 810 6,480
9 810 7,290
10 810 8,100
Final Balance : $9,100

That is $8,100 per day.
$226,800 per month (28 days)
$2,721,600 per year (12 months)

But, unfortunately that is not even half of the story. Which leads us to ....

Why would I NOT join?

In the above table we considered the best case scenario.  Now let us go for the worst case scenario ....

Starting Balance : $1,000
Trade #     Profit($)     Total Profit($)  
1 -1,000* -1,000
2 -1,000* -2,000*
3 -1,000* -3,000*
4 -1,000* -4,000*
5 -1,000* -5,000*
6 -1,000* -6,000*
7 -1,000* -7,000*
8 -1,000* -8,000*
9 -1,000* -9,000*
10 -1,000* -10,000*
Final Balance : $-10,000

*I actually think that there is not anyone stupid enough to continuosly fund their account with $1000 only to see it dissapear. But I have not met all the people in the world, so I can not be so sure.

That is $-10,000 per day.
$-280,000 per month (28 days)
$-3,360,000 per year (12 months)

As you can see from the two tables the potential loss is much higher than the potential profit ...... and .... I am not a mathematician and do not feel like pretending to be one so I will leave it at that

This post is getting a little to long so continue here 


2 comments:

  1. In an uncertain world of trading market, it's a great way to ensuring your own peace of mind. MaxiProtector ensure your first deposit by offering you maximum protection more than minimum deposit amount. (FirstDepositInsurance.com)

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    Replies
    1. Only if I had chosen to search the internet for something like this. Maybe I would have saved a couple of Hundreds of dollars. Well, hopefully someone will read this before investing in any binary options site.
      Thanks for the info

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