Does your investment adviser get paid whether or not you come out good from an investment? If so, you are going to get the short end of the stick. If not now, then sometime soon.

This includes those you pay, and those that are paid by other parties. Other parties?

Investment advice is peddled by market makers, fraudsters, banksters, and such people. Their job is to get gullible people to sink their money into their products as investments. Watches, cars, jewelries, and even stocks and crypto.

Where To Get Investment Advice

The best investment advice should come free. Free is subjective in this context, but the bottom line is that it should not be a case of someone getting paid from the money you put in. a friendly conversation over a game of golf is likely to pay off better than a session with a guy who just wants to get your money.

Of course, the friend can be benefiting too. If they advise you to invest in something they have already invested in, or if they urge you to partner with them in a business venture, then they would technically be getting paid as well. But that is a lot different from a situation where they profit regardless of what happens to you.

Caveat! If your friend sounds like a marketer, he probably sees you not as a friend but as a prospect. Keep your senses alive.

Cultivate An Interest

Almost anything can be an investment if you know enough about it. Cars, watches, food, houses, crypto, and of course stocks. Aficionados freely give advice on any of these subjects, although advice is not the proper word. They merely share opinions in a calm, friendly manner.

They do not do so to earn money – they do it to boost the friendship. They understand that it could be them asking for opinions the next day, and they hope to receive it with gratitude. This is probably why rich people only play golf with their fellow rich people.

They talk about their interests, and get richer with every conversation.

Courses And Books

Courses and books are some of the great ways to expand your knowledge about any interests you may have. They are great avenues to deepen your knowledge on any form of investment.

The authors and creators are usually knowledgeable people in the particular fields they write about, and they create the content as an extra avenue to make money from something they love. They do not write to funnel clients to brokers or creators of crypto scams, or anything shady. They are not paid by any third parties. They are paid by those who appreciate the good work they do.

This is doubly true if the books or courses have been recommended by friends or colleagues. They must have benefited something great, and now wholeheartedly – from the goodness of their hearts – want you too to enjoy the same.

Selfless. The best investment advice often does not come at a cost.

Insider Information

Yes, people go to jail for that, but in fact, it is the only way that rich people trade. Ordinary people purchase stocks, and then hope it goes up. Rich people purchase stocks because they know it will go up.  

They may purchase it in large quantities, with the aim of getting the controlling rights. Then they can influence the decisions, and steer the companies in the right direction, thus making sure the stocks go up.

People who have information about the big moves of the above rich people may also make purchases, thus making capital gains as the stock prices go up.

Information is power – as long as you know how to get it.

Closing

As seen from the paragraphs above, the best places to get investment advice is from those who are not giving the advice for a fee. Even if they are charging a fee, that fee should come after the profit has been made.

The second (unstated) point is that the best people to get investment advice from are rich people! That’s right; wealthy people not only have an elemental understanding of money and how it works, they also have access to information which most people do not.

The best part is that they have the money to move things in their direction. They can buy enough units of any particular asset to create a scarcity, and drive up the prices. If you are ever going to suck up to a rich person, do so for information, not for handouts.

Further Reading

What Is The Best Investment?

 

 

Binary Options Scams – Why So Prevalent?

 

Unfortunately, binary options is uncharted territory. This means it is fair game for all who want to make money, including those who want to do so at the peril of others.

The most perilous scams in this business are the brokers. They are set up by organized crime outfits, and have no interest in seeing anyone else make a profit.

They have aggressive marketing departments, very good design aesthetics, and a versatile banking system. But at the heart of it all…

 

Chart shows win, but no payout

The Business Is A Fraud

A stellar example is Pocket Options. This ‘broker’ is aggressively marketed on every faceless internet forum related to trading. In fact, it is almost impossible to say that one has never heard of Pocket Options.

At some point one is bound to visit the website to see what all the noise is about. In my case I was introduced to the website by a friend – or so I thought – and I was immediately hooked with the brilliant design of the platform. I quickly made an unreasonable loss, and then understood that it is just not possible to be successful with that broker.

The system is designed to lure you into something called OTC. It is their own special scam; a set of artificial assets that are completely controlled by them. The trap is well concealed – you don’t know what you are walking into.

1.      High Payouts

OTC assets pay on the average 91% of what you risk. Right beside them are real assets which pay around 41% on the average. Naturally, every trader wants to trade options that offer high payouts.

This is especially true because it is impossible to breakeven with 41% payouts. Choosing the OTC assets is as they say a “no brainer.” They easily get 10 new suckers every day with this alone.

2.      Grouped With Real Assets

OTC assets are grouped with real assets; this is means a complete newbie doesn’t know the difference. After knowing the difference, it may even be possible to hurriedly make OTC trades in error, while thinking that one has placed trades in real assets.

The bottom line is that suckers lose money, while the people behind the broker smile all the way to the bank.

3.      No Information\is Provided

As mentioned earlier, newbies don’t know the difference between AUDCAD and AUDCAD OTC. They just see that one offers 45%, and the other offers 91% payouts. The company makes no effort to educate traders that OTC is a market they (the company) controls, and that losses are inevitable.

You Must Not Win

Another popular commentary about this broker is that they get very angry when you win. Obviously, they randomly close accounts of successful traders and only just stop short of telling them that they are supposed to lose, not win.

They refuse to honor withdrawal requests, especially when the money involved is big. Instead they “review” the account owner’s details, and also review the trade history to find something wrong. To find an excuse not to pay.

Furthermore; they close accounts that trade with bots – also called “expert advisers.” Please be mindful that they do not close these accounts if they lose, they only close them after periods of wins.

Another thing to remember is that it is not possible to trade with bots unless the broker allows you. By the platform’s very design structure, bots are part of the build. So why design the system to use bots if you are going to block accounts for doing so?

It makes no sense, and they don’t care. Because…

The Scam Works

As mentioned previously, this broker easily gets 10 new suckers every day. I lost around $35, someone I know lost $350, and you probably lost $500. Small amounts when put together usually add up to large amounts, therefore, it is clear that this company operates a very lucrative scam.

There is no need to talk about whether it is possible to trade successfully on this broker. There is already enough information out there to provide sufficient information for anyone who seeks to find out the truth by the experiences of others.

For those who are not aware, a quick Google search will answer all your questions. Copy this and paste it into the search: “pocket options OTC scam.” It is better to read from a forum, where many different people will relate their experiences, rather than reading from a blogger who can be compromised.

Of course there are many who will attempt to counter the information presented in this article, but experience has shown that they are mostly faceless persons with no real evidence of success to present.

One must therefore consider the motives:

For example, what is the motive of writing this post? To warn others! For people to avoid the pain of losing their hard earned money to fraudulent brokers.

So what is the motive of those defending a broker that is evil enough to be blacklisted in the US, and in several other countries? Think!

If they were real traders, they would be busy trading. If they somehow decided that those claiming fraud are wrong, then maybe they would provide some proof.

People are losing money – that much is proven. If anyone is making any money then let us know.

Losing More Than Money

It is not only about the money – it can be replaced quickly enough.

But the impression, the bitter experience, and the trauma may not be so easily washed away. Many people are looking for a way to make some money, to make some income, or to develop something impactful to society.

They choose trading – binary options trading, and come out to turn their dreams into reality. They soon have those dreams crushed by criminals hiding behind brokers. It is not about money, it is about the mental energies that have been obfuscated. Who knows what great things these traders could have achieved? Who knows how they could have contributed to the world, and the lives they could have touched.

There are still some unresolved trading questions:

Is It Possible To Trade Binary Options Successfully?

Can You Really Trade Binary Options With $20?

We hope to hear you thoughts on the issue. One of the ways by which traders can be successful is by sharing knowledge and experiences. This helps new traders avoid pitfalls, and guides experienced ones to reach new heights of greatness. Trading is really a community effort whether we realize it or not; we either win together or lose together. There is no middle ground!  

 

If you have any positive experience with this broker, please let us know so that we can take this post down.