If the figures are truly outstanding and look achievable, why are many traders not there yet? The reason is simple. Many traders do not mitigate their risk. They aim for home runs in their trade, looking for that one huge payday. They look at the glamorous cars they can buy with the huge payout, or the things that money can buy and cannot deny themselves the lure of instant gratification.

Slow and steady will always win the race when it comes to trading. The hidden principle to achieving what you see on the spreadsheet is compound interest. Albert Einstein called it the 8 th wonder of the world, and he was right. Compounding means that a little can be turned into a lot, and the higher the amount you have to compound, the greater the corresponding percentage of increase that amount will bring. Look at the spreadsheet again. Want To See What Players Money Is About?

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Players Money. I agree to have my personal information transfered to AWeber more information. The broker can use them as the poster child for their next advertising campaign. On the other hand, brokers do not really need to use such questionable methods.

Once they have enough customers, one of them is bound to create such a story. The point is: people who got rich overnight with binary options failed to use a strategy that could generate long-term success. While they got incredibly lucky, you would be foolish to bet your money on the same one-in-a-million chance. As we have explained, these millionaire traders are generally nothing more than a marketing scam.

That, however, does not mean that binary options are a bad way of investing. Just like stocks will not make you rich in the blink of an eye, nor will binaries. But a solid long-term strategy can nonetheless create great profits. The main ingredient of long-term trading success is a trading strategy. With the right strategy, you can successfully trade many types of assets.

The great advantage of binary options is that they offer more profitable investment tools than any other type of asset. If you want to get rich with binary options, you can.

But it will not happen overnight. What you need is a solid strategy, long-term commitment, and the right knowledge. To successfully trade financial investments, you need a good strategy. Random investments will quickly ruin you. A strategy defines when you invest, how you invest, and how much you invest.

It also contains a plan to monitor your success and keep improving. One of the most important points of a successful strategy is that you invest a small percentage of your overall account balance in every trade. When you invest between two and five percent in every trade, you survive losing streaks and gradually grow your capital. Traders who became rich quickly lacked a good strategy because they necessarily invested more than a few percent of their money in every trade. When you invest half of your money in every trade, you have a small chance to get rich quickly, but the infinitely more likely outcome is a failure.

Even the best binary options traders only win around 70 percent of their trades. That is easily enough to make money — just like winning 70 percent of all coin flips would be enough.

However, when you are unable to guarantee that you will win every single trade — and nobody can guarantee that with any kind of financial investment — you have to plan for losses. Sometimes, you will lose three or five trades in a row; sometimes, you might lose ten trades with only a few winning trades in between. If you bet too much on a single trade, you will soon end up bankrupt. This is why a get-rich-quick scheme is a bad strategy, and why you should invest for the long-term.

This website provides a wealth of information about trading strategies and the right approach to the market.

In a promotional video for BO Millionaire , the individual behind the company goes by the name of Clark. No last name is given.

Clark claims that the use of his automated high-frequency binary options trading software has made him millions, and he is offering the use of this software for free to the public.

The BO Millionaire website is registered anonymously through a private registration service. The Terms and Conditions of the site mention Rishon Leziyon in Israel as the controlling legal jurisdiction, leading us to believe that the company behind BO Millionaire is located within that country. The BO Millionaire product is an automated binary options trading robot that supposedly has a high level of accuracy in predicting winning trades. There's no indication of whether the broker that BO Millionaire has partnered with is licensed or regulated.

The affiliate program requires the use of the Clicksure marketing network, which is free to sign up. There are no pertinent details concerning BO Millionaire's commission percentages or payment schemes available to its JV Partners, at least not without signing up directly.

It's sometimes amazing how stupid some internet scammers think people are — as if the outlandish promise of seemingly inexhaustible wealth will make us take leave of our senses. The sad truth here is that not only is BO Millionaire unlikely to be a good affiliate networking opportunity, it's unlikely to be a legitimate business in the first place.

There's any number of reasons why you should avoid getting involved, but the following is the most important. It's highly concerning that there is no way to discern who is actually behind this website. Additionally, the site makes use of fabricated testimonials, using images taken from stock photo websites and paid actors from Fiverr or other similar sites.

This is a clear sign that the company has something to hide — most likely the fact that the BO Millionaire trading bot is about as accurate as flipping a coin. Sometimes these trading bots offer even worse odds than that. This scam-like business model makes becoming a BO Millionaire JV Partner just as bad an idea. Becoming associated with such a company can ruin your online reputation in a hurry, making it much more difficult to attract positive attention in new business endeavors in the future.

Additionally, with little to no information regarding BO Millionaire's affiliate compensation scheme, there's no incentive to investigate the opportunity more deeply; time is money, and spending time looking up the compensation plan for a company that's likely running a scam on its customers is almost certainly a complete waste.

In other words, stay away from BO Millionaire, as it's highly likely it's nothing but a big scam. If it was legitimate, the company behind it would have a physical address and information publicly available on who's running it — especially on an executive level, and especially not on an exclusive first-name basis.

Want To See What Players Money Is About? See why after a decade of digital dollar domination, we have only ONE online opportunity you need for optimal results! Enter your best business email now. I will never give away, trade or sell your email address. We are here to help, not hurt. Save my name, email, and website in this browser for the next time I comment. About Network Marketing Blog Creation Best Opportunities Cryptocurrencies Masterclass Partner. Sign in. Log into your account. your username.

your password. Forgot your password? Password recovery. Recover your password. your email. Players Money. I agree to have my personal information transfered to AWeber more information. More from my site MLM Ads World Review — Multi-Level Marketing Classified Advertising Site? Twinkas Review — Legit Peer-to-Peer Donation And Mutual Aid Scheme? Electoral Profits Review — Legit Binary Options Trading System App?

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Despite the fact that the Binary Options Millionaire is being billed as some sort of high accuracy trading robot, it is still meant for you to lose money than making any. Ignore these stories and focus on the one thing that can bring you success: hard work. Obviously, any plan to amass millions is no better than the trustworthiness of your broker. Random investments will quickly ruin you. Nobody learned to speak overnight, and learning to trade takes just as long. The key point here is risk control. your email.

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