Is It Possible To Make Money Online By Trading Binary Options?
Throughout 2016, it seemed like more trading binary options products hit the work from home marketplace than any other type of product.
While a handful of these products were legitimate, the majority of them were ‘get rich quick’ products that didn’t even mention binary options until email details or money had been handed over.
This ‘smokescreen’ attempt to trick people into doing something they were not expecting has understandably given the binary options industry a bad name.
And the scammers out there continue to view this situation as an opportunity to earn BIG from unsuspecting people.
They put together programs that promise almost instant wealth with a relatively small investment. Once signed up, they pressure you into investing as much money as you can afford to increase your potential profit.
The reality of the situation is…the more you invest in these scams, the more the product creators earn in affiliate commissions from the trading broker.
The people behind these products have no genuine interest in helping others to create a more financially stable future. They simply want people to invest as much as possible so THEY can earn big broker commissions.
BUT IS IT ACTUALLY POSSIBLE TO MAKE MONEY WITH BINARY OPTIONS?
For a long time now I’ve been of the opinion that trying to make money from binary options is one big risk – at best.
Of course, my opinions have been greatly influenced by the binary options programs that I have reviewed and tried. Not forgetting the hundreds of negative and often upsetting comments left by my visitors who have been left dazed and broke by one of the many binary options smoke screen products.
So during December 2016, I decided to a closer look at the binary options industry. For my own peace of mind and for the benefit of my readers, I needed to establish if it represented a genuine way to earn an income online.
After making contact with many binary option product owners, not one of them was prepared to be interviewed about the potential of their product(s).
I dug a little deeper, took some advice from friends within the work from home industry, and was advised to take a look at relatively unknown program called ‘Trading With Angus’.
So I made contact with Soren A Jorgensen, technical director at ‘Trading With Angus’, and he was more than happy to take part in an interview.
Below is the transcript of what was a very interesting and enlightening conversation with Soren about trading binary options.
Hi Soren, and thanks for taking the time out today for this interview. Welcome to Work From Home Watchdog!
Hi Marcus, thanks for doing this, we’re honored to be interviewed by your site, well known for being objective and giving people a real chance to avoid the many scam products that sadly infest our industry, and to move in the right direction of financial freedom.
You are welcome, Soren, and thanks for the kind words!
For the benefit of my visitors, could you give me some background on the ‘Trading With Angus’ program.
I certainly can. Angus has been trading with a group of people for a year and a half, allowing others to join him via a closed group on Facebook. I suggested opening up his group to allow a broader audience to benefit from what he and his group were doing.
So I helped Angus to build a platform that takes new members step by step, from training videos all the way through to live trading inside our closed Skype group.
Thanks for the insight. It sounds like a great way to educate people on trading binary options. So at this point I guess I have to ask…who exactly is Angus?
Angus is a really down to earth guy from Ireland and he’s been trading in general for over 10 years but only started trading binary options a little over two years ago.
His background is in Hypnotherapy and that gives him a unique insight into how emotions control us in trading and why so many end up losing. He has devised a system that is simple to follow and takes away most of the emotion involved in trading.
Very interesting and I can definitely imagine how our emotions could affect any trades made in what is an intense industry. On the back of that point, why do you think binary options generally gets a bad rap within the work from home industry?
Binary options is a fairly new thing, and it’s a jungle out there to be honest. If you don’t do your research, companies stand in line to simply take your money and leave you with nothing but a bad experience.
The high commissions paid by the binary options brokers to affiliates have created countless worthless products, promising instant wealth to anyone by the press of a button. While the creators of the products rake in commission profit, the customer ends with empty pockets and a bad experience.
What it comes down to is a mix of missing public information on binary options and a properly regulated marketplace.
I totally agree about the lack of genuine information about binary options. The majority of binary trading programs that I have seen are clearly focused on earning affiliate commissions from their customers. They don’t seem to have any consideration for the individual.
‘Trading With Angus’ has a very different feel to it. There’s a great deal of transparency and that makes it unique when compared with other binary option programs that I have seen.
Aside from my thoughts, what in your opinion sets ‘Trading With Angus’ apart from all the other binary option programs out there?
First of all, we make no claims of instant wealth, nor do we offer any ‘magic’ software that (claims to) makes money on auto-pilot. Trading With Angus is a gathering of regular people all with the aim of being financially free.
Angus is a real person and members can interact directly with Angus – either before, during or after his Live Trading sessions, which are held twice a day (on work days). No software, no gimmicks. Real people, real results.
So you are basically doing the opposite of what every other binary options program is doing, and I like that! It’s very refreshing.
I would also like to ask you about those ‘trading bot’ programs that the majority of binary option programs tend to use. Does ‘Trading With Angus’ in any way rely on these methods?
No. Hell no! I don’t think that anyone can point to any ‘trading bot’ software that has ever worked in a live and real environment. Angus is a real person that trades in binary options on a daily basis.
He is doing 2 live trading sessions weekdays in the members-only Skype group. Here, he and his members will trade for about 20-30 minutes and take about 5 trades before calling it. His recipe for success is trading conservative and consistently.
That’s good to hear. So people are not actually guessing how to trade…they get to copy the trades that Angus makes and learn his techniques?
Think of it as a cooking class. On your first day, nobody expects you to be able to create a fancy looking cake that tastes good. You would naturally watch, copy, learn and gain confidence as you go along. The same principle applies here.
When you first join, you are asked to sign up for a demo (practice) trading account. This allows you to trade and practice, risk free with no money on the table.
Only once you feel comfortable taking trades alongside Angus should you consider a real account with real investment. Our goal is to make you successful in your new trading career.
I like the sound of this because you are basically removing the risk by allowing people to try the system without spending any money until they feel ready.
I’ve activated my own account at ‘Trading With Angus’ and I’m impressed with the training resources that you’ve made available.
I particularly liked the explanation video where Angus describes the chart indicators and how to read them. I felt like I fully understood the process, even if it does look a bit complicated at first.
Would you say that people in general need trading experience to use ‘Trading With Angus’?
For anyone diving into financial investment, the graphs, indicators, market movements, currency pairs against other currency pairs – all that is just super overwhelming, unless you have someone to take you by the hand and walk you through the process, step by step.
Our members are normal people without any (for the most part) trading background. We strive to make the whole process as easy possible, and with Angus calling the trades, there’s no larger understanding of trading required, although, many get hooked and further develop their understanding and skills in binary options trading.
So, just to be clear, ANYONE – regardless of age, gender and geographic can join Trading With Angus.
Awesome! I think my visitors would really benefit from this because on the whole, they are looking for a trusted and proven way to make money online.
I also noticed something interesting within your training resources…the ‘Money Management’ program where Angus shows the best way to structure your trades.
Am I correct in saying that if people follow the trades that Angus suggests starting at just $10, after week 4 they could potentially be $1059.75 in profit?
Money management is a crucial and integral part of any type of financial trading. Our money management sheet shows the potential gains of trading using our system.
Some days the market may be very slow, or very volatile, meaning that we won’t be able to take all the trades we need to keep up with our money management sheet. But yes, people are having great success with the system and with using the money management approach.
That’s great to hear and very encouraging. Ok, so I would just like to clarify what people can expect if they would like to give ‘Trading With Angus’ a try.
Work From Home Watchdog visitors can sign up for 2 weeks at no cost via my special invite link.
They get to follow all of Angus’ training for 2 full weeks. They get to copy his daily trades via a demo account if they wish, and they only have to pay if they decide to join the full program after 2 weeks?
That’s right. 2 weeks, free of charge. If anyone joins and it’s not for them, no problem. We too have been scammed in the past by fake products and lost our money. We are not that.
Start 100% free, practice using a 100% free demo account and start trading using real money when you feel ready. That’s how it should be, and that’s how we proudly do it.
And do you offer support to any of my visitors who decide to try ‘Trading With Angus’?
Of course! We are available almost 24/7 via Skype or email. Got questions? Ask! We here and happy to help.
That sounds awesome, Soren! Where should my readers go to sign up for a 2 week trial with ‘Trading With Angus’?
Sure, here’s the special invite link for Work From Home Watchdog visitors:
Many thanks, Soren. And thanks for taking the time to explain about ‘Trading With Angus’ and trading binary options in general. It’s been an eye-opener!
No problem at all Marcus, and we look forward to helping your visitors achieve financial freedom at ‘Trading With Angus’!
Thanks for the interview, and keep up the GREAT work you are doing on your website. If only there were more like you out there.
My updated views on binary options…
Well, my opinions of trading binary options have certainly changed, and that is all thanks to Angus, Soren and the transparent service offered at ‘Trading With Angus’.
I’ve now experienced first-hand how people make money with binary options in the REAL world, rather than getting sucked in by those fake smokescreen promises made by the scammers.
Does that mean that you can make millions from trading binary options with very little effort?
But if you take the time to learn from Angus, even by using a free practice account, you will quickly see that it’s more than possible to earn a very nice additional income from binary options.
‘Trading With Angus’ gets a big thumbs up from me. The 2 week free trial, practice account option and direct mentoring and support from Angus make this the kind of NO RISK service that I have no hesitation in recommending to my readers here at Work From Home Watchdog.
Marcus – WFHW