Tuesday, December 3rd, 2013 by Michael Freeman
Lately I am hearing about these new Binary Options Calculators being offered on different websites and in some cases in the comment section below my videos (I hate spammers). Don’t get me wrong “I am not trying to hate” on these individuals offering the calculator solutions for binary options, but please do my a favor and don’t advertise in the comment section below my videos, it looks kind of lame, don’t you think? It reminds me of the FirePA and a bunch of these spammers that use to spam my videos every day with all kinds of “money making” schemes. Now with the new Youtube Spam control, the spam comments are being held for moderation in any case, so it’s not worth your time spammers, just trying to help you here.
Yes, obviously my readers and viewers are interested in making money, but in most cases, online traders belong to a more sophisticated crowd of money seekers. Folks around the world who are actually interested to work hard and achieve success by following strategies, doing proper analysis or partner with a signals service, either way, I don’t think that these spam comments are benefiting anyone. I think it’s obvious to many of my viewers and blog readers that money doesn’t come easy, and even if you decide to work from home, irregardless of the type of ‘gig’ you are on, work is always required. Time, sweat, research, and pain. No pain, no gain. The new passive income type offer that I am seeing lately involves a new product, with a self-explanatory name, binary options calculator! Where is this product being offered? Spam Comments on Youtube, via Spam Email Campaigns.
Can you Make Money with a Binary Options Calculator?
I don’t think so. In my opinion and based on testimonials from traders, any software or calculator, not involving a human behind it, by that I mean, a person who sits behind the computer and works to generate quality signals, is most likely going to fair getting you over %70 ITM and in most cases the calculators offer over %90 ITM, which is statistically impossible!
binarysoftware.us is an example of a landing page for a binary options calculator, presented with a very “sales type” marketing pitch. Ironically the guy in the video says “You probably watched a video just like this before, and this probably won’t be your last”, “you’ve been subjected to all kinds of video scams” …also describing other similar marketing pitch pages as “B*ll S**T”, very professional. Imagine if a Wall Mart employee tells you “this product is B*ll S**T, try another one”, the incompetence would surely anger you.
So let me just list out the reasons why I am confident that none of the auto binary options calculators are legit
1) Any service promoted via comment spamming on Youtube is usually not a legit product, since it’s not inline with ethical business practices that you would expect from an ethical business.
2) Any service offering an unrealistic ITM results or “too good to be true” money making solutions should be researched carefully and if they lack the reputation to back these claims, move on to the next service.
3) Any service that’s being marketed via these marketing pitch pages are usually involved with Email Phishing, since they initial offer is usually offered free in order to push you to give out your email, and by submitting your email you consent to future solicitation. They will get you either buy selling you their product or by distributing your email to other spammers, who might re-distribute your email even further to other spammers, it’s like a “snowball of spam”! I always recommend opening a separate email account for your online gigs instead of using your personal email.
Technical Analysis (Financial) Calculators VS Binary Options Calculators
There is a big difference between financial calculators which are used to assist us with predicting a trend and can definitely add value to the ‘arsenal’ of price action tools! Technical analysis calculators such as: Pivot Points and other Indicators which are already based on calculations, meaning the indicators are considered calculators! Legit ones.
Obviously you now know what I think about “binary options calculators”, what do you think? If you have an experience with one of these systems, be sure to comment below because I am very curious to know how close to a %90 ITM they get! Interested in popular signals services for binary options? Visit the recommended services offering Forex and Binary Signals!