The Truth About Binary Options. Thread carefully, investment can be very dangerous if you forget the first and second rule by Warren Buffet. Never Lose Money. One of the most famous Buffett quotes of all time, “The first rule of an investment is don’t lose. And the second rule of an investment is don’t forget the first rule.
Below is an hypothetical story whether real or fake, I do not know, Just remember the famous quote by Warren Buffett, that is the reason for this post. Oh, be wise, what more can I say.
Below is a real financial break through story of Erik Meza; Read and learn;
My name is Erik Meza, I’m 28 years old and I live in Dakar. A week ago I bought a new Porsche Panamera, as it’s six months since I worked at the car wash and barely had enough to feed my family. Now I’m going to tell you how a casual meeting changed my life and gave me the chance to earn $2000 a day.
I’ll tell you a little about myself. Poverty – that’s how I would describe my whole life. My parents lived in poverty, I never went to university. After finishing school, I went to work at a car wash. When I was young, my salary was sufficient for me. But when I got married and my daughter was born, I started getting into serious financial problems and permanent debt. What to do – I had no idea; the debts were mounting but I couldn’t quit the job because it was my only source of income.
One afternoon a new Porsche Panamera drove into the car wash. A young man stepped out of the car, he looked to be around 23 to 25. I was always amazed how young people could earn so much money. I said to myself quietly: “What do you have to do to drive a car like that?” But he heard me and laughed. “Binary options,” – he said and went away.
Those two words changed my life forever. When I got home, I sat down at the computer and started looking for some mentions of binary options. And so, a month passed: during the day I would work at the car wash, and by night I would read dozens of forums to understand how to use binary options.
Binary options are a revolutionary way of earning in the financial markets, which is very straightforward, quick, and extremely lucrative. You probably know that financial markets are venues where currencies, such as the dollar, the euro, or the pound, are traded 24/7, i.e. with no breaks or days off whatsoever. What you need to do is just open a free account on a binary options website (a broker website), then make a deposit, select an investment amount and predict where the price (for example, the US dollar exchange rate) will go in a few minutes or hours. There are only two options available: High or Low. The trade may last for any time from 1 minute to 3 hours (the expiry time), and you may select any time frame in between. If your prediction is correct, your investment amount is nearly doubled; if it is wrong, well, you just lose your investment amount. So, this will actually be your job if you follow my instructions. This is called ‘trading’, and a person who works in such a way is called a ‘trader’. As a trader, you can work any time wherever you are, all you need is a computer with stable internet connection. As you see, it’s pretty straghtforward, even a 10-year-old would understand how it works!
I found the Olymp Trade web page and registered on there for free. They let me open a demo account for $10,000 using virtual money, as well as providing free instructions. This helped me a lot in the beginning, when I still didn’t know how to work with binary options and I didn’t want to invest my own money.
On the Olymp Trade web page, all the calculations are done in US dollars I received the payments in US dollars as well.
After two or three weeks, there was $100,000 in my account. The only problem was that this was only some algorithms on the screen, I couldn’t actually withdraw any cash. That was when I decided to invest $100 in my account. I don’t trust some of the Internet web pages, so I didn’t want to risk too much.
That night I didn’t sleep much – I traded all night, then I went to work. And guess what? That night I earned $153! All day at work, all I could of was binary options. As soon as I got back home, I sat down at the computer, but tiredness got the better of me. That night I didn’t trade much – I earned just $33 and went to sleep. I remember those days well, the only thing that mattered to me was binary options – I would arrive home and start trading right away. After a week, my account had $1220 in it!!! I know, it’s not a huge amount, but this was only the beginning; I didn’t dare trade using large sums of money.
I thought I’d better checkout the web page, so I sent a transfer of all my money ($1220) to a card. An hour later, I received a telephone message saying that the money was in my card! I was happy. After that, I invested $500 in my account and started dealing more boldly. After two weeks I had earned $10,000, and within a month I had left work. After that, I paid of all my debts and for the first time in my life, I took a vacation with my family to rest.
This didn’t stop me trading though, because to earn money, all I needed was a laptop, or a mobile phone with Internet access. When we returned home, I bought myself Porsche Panamera and decided to write this blog just for you – workers like I was, who are fed up of working every day from morning until night, for a measly wage. Remember that life wasn’t given to us for that. Register now, and be sure to complete the instruction course in the demo account without risking losing real money.
Nowadays, I don’t see any real way to earn money while sitting at the computer or telephone, except binary options. After buying the Porsche Panamera, there was still $27,183 left over in my account. My goal was to earn $300,000 by the summer and buy a house for my beloved family. Good luck everyone, and thank you for your attention.