Trading Everest makes no secrets about what the site is promoting. The entire sales page and videos focuses on binary options trading and the use of a signal generator to make profits.
It is actually an interesting approach, because much of the information on the page assumes that the reader knows what the terms mean and what binary options trading actually is. However, this type of program is specifically targeted at people who aren’t experienced in binary options trading.
I say this because people who understand and actually use binary options trading aren’t likely to want this type of product.
The site is also quite misleading. It hides many of the risks associated with binary options trading, and makes it sound like the software will guarantee profits. For example, these are the statistics on the so-called Live Trading Account:
That is a win rate of around 95%, which is extremely unlikely in binary options trading. Even the most wonderful software in the world couldn’t get that kind of rate. Additionally, Trading Everest actually promotes profits of between 71% and 85%. So, why the difference?
It’s also worth noting that the free trial offered is kind of meaningless (as is the countdown associated with it).
Many sites like this one offer their software for free, so a 60 day free trial isn’t a particularly good offer. More importantly, the signal generator might be on a free trial, but that doesn’t mean you aren’t spending money.
One of the first steps in binary options trading is to deposit money into a broker’s account. This money can be very difficult to get back and frequently costs between $200 and $250 just to get started. That makes Trading Everest’s approach pretty expensive to try out.
A Bit About Binary (In case you didn't already know)
Binary options is a form of asset trading that gives users two options, they can either call or put. If they are right then they win a certain amount of money based on how much they put down, if they are wrong they lose it. Because of how unpredictable markets are, the approach is pretty similar to gambling.
Like gambling, the broker in binary options trading has the advantage! So, if you lose, you lose all of your money, but if you win, you don’t get double your money. This means that you have to win more than half of the time to break even, but the odds of winning are roughly 50%.
Theoretically, you can improve your chances of winning by understanding the market, but even then the process is still risky. Realistically, you are more likely to lose money than you are to win it.
Software and Binary Options Trading
It is pretty normal for sites to promote ways of beating the system in binary options trading. Sometimes the sites will do this by promoting an app, other times it will be a piece of software or a program. This time it is a signal generator. They all work pretty similarly, and which one is which isn't really important.
The gimmick here is the concept that software can somehow turn binary options into a consistently profitable way of earning money. The problem is that this just isn’t possible, no matter how you spin it. Guaranteed profits in any industry, binary or not, is a scam.
If there were solid signals that you could count on, traders would already know the secret. There are million dollar programs being used by hedge funds and even they get it wrong sometimes. The idea that some schmoe would give this software away on the internet to random people for free is just mind-boggling.
Despite the claims of Trading Everest, the signal generator that the site offers won’t actually help for making money through binary options trading. Software doesn’t have the ability to predict changes in the market.
Can you imagine what would happen if it did?
Anyone who had access to a program that could successfully predict markets would run it non-stop to rack up profits. They also wouldn’t tell anyone, because once binary options brokers figured the approach out they would either stop it from working or they would go out of business. They would be a billionaire, and that would be the end of the story.
Actually Earning Money Online
It really is possible to earn money online, but not the way Trading Everest is promoting.
Perhaps the most reliable approach is to make money is through your own website. This is what I do and countless others online do the same thing. You have full control of your business, which products you promote, and you make all the profit as well.
In my free email course I teach exactly how I go about making money this way and how you can learn to do the same. The good thing about making money this way is that you don’t need previous knowledge or experience to get started. It's not that hard if you sit down and follow the training I lay out in front of you.