Some people here are still fan of binary options:https://www.myfxbook.com/community/experienced-traders/binary-option-trader/1323360,1
of course, greed is the mother of all sins in forex trading (this spoke comes from Rob). And in binary options they count on your greed to steal your money.
These days i have it better under controle, but sometimes it breaks threw and I open positions with 5 times the size than i should.
I think these account managers get a special training to manipulate people.
They do like if they were your friend and their primary goal is to help you making money and reach a better life. Then they tell you some stories about the economic market (things a regular consumer who doesn´t read special newspapers every day doesn´t know) and why this or that stock will raise or fall in the next weeks or months. I was like blinded.
Than they say that if you really wanna achieve a goal in the financial market, you cannot start with only $300 (what I deposited). It should be 5k to start or at least 2k (if you don´t have 5k). They speak and speak and speak, so that you cannot start to think and ask critical questions. At the end they come to the point that you should take your credit card 'right now' and fund your account. If you say 'no i want to think about it', they ask back 'why think? I am here to help you, you can trust me'. They give you the feeling you are wasting their time if you need some time to think 😀!
They even offer you the service to fund your account for you if you give them your credit card number!!! (😲This was the point where i started to doubt... but not enough, unfortunately)
And.. of course... when the 2 k are 'gone with the wind', they don´t call you anymore. They know that you are pissed off and would never give them a cent anymore.
This is part of the method. They don´t give you time for anything, it has to be fast. Because they know that if you start to think (and if you didn´t fall an the ground head-first the day of your birth 😀).. then you will smell the scam.
Many other binary option brokers and similar scammers called me after to give me the best and fastest 'make-me-rich' opportunities, but they had no chance. This means they sell your name and tel. numbers to others... which doesn´t surprise me 😉 Thanks God I didnt give them my private phone number. Only handy... I blocked all of their numbers. No call anymore since a long time 😄
The differenece between who your are and who you would like to be be is what you do