The Thin Line between Success and Failure
Make 500$ a Day – Quit Your Job NOW!?
Dreaming of financial freedom? Sick and tired of having to go to work every day? Looking for an easy way out? Binary options trading is as easy as 1, 2, 3… well, at least if you are naive enough to believe the advertisements. The possibilities of making fast money are tempting, so tempting that many beginners jump into trading with their hard earned money – right after their first deposit! That’s when the fails start piling up one after another. Why? Because brokers and signal service providers are aware of the fact that most newbies are uneducated and unwilling to spend some time learning. Therefore they will take advantage of the desperate chase for fast earned money, luring them into accepting various “too good to be true offers”. Keep reading if you want to find out why so many people fail miserably at becoming successful traders!
Make Money Gambling or Trading?
Everybody wants to make money but not everyone is prepared to truly devote the necessary time and effort to educate themselves. It’s easy picking an asset, choosing a direction and clicking execute. Yes, binary options trading is very easy. What is even easier is becoming a gambler instead of a trader. What decides which one you will be, gambler or trader, depends on whether you are prepared to learn or not. Are you chasing the easy way out? Think reading a few pages of information is too much? Would you rather spend 200$ on a system that claims to provide you with profitable trades 90% of the time? Stop dreaming immediately! Making money is possible but losing money is far more likely. If you want to have a chance of earning some cash then you need to work for it and educate yourself because nothing comes easy!
Biggest Fail – Bonus Traps
Who wants to turn down extra money, a so called deposit bonus? A beginner, being hungry to get his hands on some money definitely accepts this “kind” offer without hesitation. “Why read the terms & conditions, that is just boring and too looooong, probably nothing important there anyway.” Thinks a soon-to-be very disappointed newbie to himself. Finally, when he realizes his hard earned money is locked and a withdrawal is next to impossible he understands being skeptic towards too generous offers is not such a bad habit. Of course, bonuses aren’t always bad if they are approached correctly.
In this article you can learn more about how binary options bonuses work.
Common Scams – Think You Are Being Smart?
Woaah, the amount of scams in this business is just infinite, and they are creative too! Scammers set their traps for the lazy and desperate people, the ones who are looking for an easy and quick way of making profits. Think you are being smart, paying 970$ to a signal service or 197$ for a system that claims to be 80% correct? Guess again! I know, those well-made ads are sooo tempting, even I still click on them from time to time, even though nowadays I just do it to laugh at their desperate attempts of fooling me. All of them playing on how they want to help you, how they were in the same situation as you are now, how easy it is to make money with their system/signals… Seriously, just do yourself a favor, avoid them! Defend yourself against scammers, read this article about binary options signal service providers.
Conclusion – Education, the Best Advice Ever
Do I still need to give you the “knowledge is power and blah blah” speech? Having witnessed the unfortunately increasing amount of people getting ripped off, I believe I do. Let me share a secret with you, oh I know, sounds exactly like the intro taken from one of those scammer ads. The difference is; this time it’s not a promise of a fool-proof system, it’s about education. Being lazy does not pay off. You will end up losing your money in no time. However, YOU can be fool-proof, the more you learn the better your chances of becoming a smart and profitable trader. Yes, that’s the secret, learn first, act later. Where should you start your journey? HERE at ThatSucks.com (former BinaryOptionsThatSuck.com) we’ve prepared tools and articles for your success, valuable information and a community full of experienced traders, sharing their knowledge with you. Come join us, we’ll help save you from failure!