Can Money Be Made Online With Trading?

By Shaun Swilling

There are countless 'get rich quick' websites online promising you a million dollars a year by pushing a button. With all the sophisticated variations that the experts use to predict the direction of the market, they still do not get more than 60% on trades in the money.

The automatic trading software that we get offered for free is a scam and you will lose money. You will get a great sales video telling you that the guy who invented the software wants to pay it back, so he is now giving it away for free. He does not tell you that the $250 you need to deposit in order to activate the software puts commission into his pocket.

Set in a multi-million dollar mansion he will even introduce his wife and his family and tell you an impossible story how he stumbled on this magic software. This sales video will be accompanied with a wide range of accounts with a million dollars or more shown in his name.

Some of these sales video even go into detail about how the algorithm that the software is based on was discovered. All very far-fetched and unlikely when one considers the unpredictable changes in fundamentals affecting the market that happen every day.

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With over 150 000 new people coming online for the first time every day the potential for these unscrupulous websites to continue making a profit gets stronger. When something looks like it is too good to be true, it usually is and those precious listings of subscribers that are owned by any respected 'guru' have produced loyal subscribers who get sent links that are tried and tested.

Unfortunately most people online who send you a link that they want you to sign up with and lose money have not been tested. They swop advertising with each other and this is all done automatically so most of the links that are sent to your email address by these gurus have not been tested, some have never been seen.

With the continued growth in social media, honesty and integrity now have a financial value when these lists of subscribers are treated correctly. When the links and advice sent to these subscribers are anything just thrown together specifically to make money they will fail in the long term.

With 95% of all binary option traders still losing money the few people who do make money on a daily basis are able to do this for two reasons. The first reason is because they have the experience and the education on how to create a profitable strategy.

The second and probably the most important reason is that they do not just start off with $200 but invest at least $1,000 to start trading. Just like anywhere else in the world you need money to make money. The more you invest, the better chances of success, depending on your trading strategy.

The news you see on your TV screen are called fundamentals in the trading world and these fundamentals, like a bomb in London or the Russian sanctions will have a direct effect on the stock price. These completely unpredictable events that happen every day cannot be put into some magic software that will be able to predict these events.

A trader that makes money month after month and year after year is a trader who uses a combination of both technical analysis and fundamental analysis. Creative software can only take advantage of technical analysis and this needs to be taken into consideration when planning a trade.

I will write a well researched Copyscape passed 500 word article on ANY subject for only $5.

Contact Shaun on  [mailto:swilling1@gmail.com]swilling1@gmail.com

Article Source: Can Money Be Made Online With Trading?