Everything about Wealth Generator X looks familiar and that's not a good thing. The site takes a very common formula and uses it in the same way that many other sites do. It opens with the predictable hype that this product (and this product alone) will take you from nothing to being a millionaire pretty much instantly.
There are also lots of images of how a ‘perfect’ life could look like including cars, swimming pools and expensive houses. All of this is designed to get you imagining and dreaming – believing in a life that you want and can actually have.
But… it’s not real. Anyone watching the video probably has some idea of that, but at the same time, it’s easy to want all of these wonderful claims to be real.
Personally, sites like this make me angry. Wealth Generator X is trying to sell you a product by hyping up its potential and glossing over what the approach even is. The site even has a running counter telling you how many copies of the product are left. Well, that’s what it claims to do.
The counter at Wealth Generator X starts at 19 copies remaining and keeps going down until it is just left with one. It isn’t real though. You can open the home page in a new browser and that count will start all over again.
The counter is just another trick to get you to buy into the hype of this product without looking at it too closely.
So, what is it all about?
Wealth Generator X’s Approach
When I said the approach of Wealth Generator X is common, I wasn’t kidding. Wealth Generator X is promoting something called binary options trading and there are a lot of sites out there that promote the same thing in basically the same way.
Binary options trading can be misleading because it sounds like such a simple process. Plus, you don’t actually need any skills at all to trade like this. However, skills and experience are very relevant for whether you are successful at binary options, something that Wealth Generator X ignores completely.
With binary options trading, you are trying to predict the way that assets will move in the market. This isn’t easy to do at the best of times and markets tend to be highly unpredictable.
Because of this, binary options trading is risky, and you have to put in your own money to even have the chance of making anything at all. However, Wealth Generator X doesn’t make it seem that way.
Instead, the site’s ‘system’ for binary options trading involves promoting an automated piece of software that is supposed to guarantee wins in binary options trades. This approach has been promoted time and time again by different sites and it is simply never effective.
Regardless of its coding, software simply doesn’t have the capability to effectively predict changes in the market. Much of the time, the success rate of the software isn’t even any better than someone trying to win at binary options manually.
There is a second risk with using software for binary options trading. This approach does reduce or eliminate the potential for human error, but it also dramatically reduces how much control you have over what is done with your own money.
This is a really concerning situation and people sometimes end up not even knowing how or why their money was spent. In fact, it’s very easy to lose all the money you put forward though binary options software.
As binary options trading normally involves a deposit of $200 to $250 (in some cases more), this is quite a bit to lose.
Making Money Online
Making money through binary options trading is always going to be a risk and nothing will change that.
That’s why I suggest a different way of making money online altogether. Specifically, I focus on something called affiliate marketing, which is a type of internet marketing.
With affiliate marketing you make money by promoting products and services on your own site. Unlike Wealth Generator X, you are not trying to convince people to buy a scam product. Instead, you are simply reviewing, providing advice and promoting products that people are already interested in.
You can learn how to be successful at this through good training and you can create a business that can grow and become more profitable over time. The single best place to go for training in this area is a site called Wealthy Affiliate, which offers community-based training and lots of support.