What a lovely way of starting off a sales pitch. Wealthy Trader opens with the question of ‘Are You a Loser’ and the implication that yes, you are, unless you do exactly what the narrator suggests.
Wealthy Trader is just another example of a site trying to promote binary options trading. This approach has been done over and over again and it is always the same manipulation, the same false promises and the same hype. This is something that you want to stay far away from, and I’ll show you exactly why.
The Same Old Rhetoric
Fast, easy and on autopilot. This rhetoric sounds far too good to be true and there’s a good reason for that – it is too good to be true. Realistically, if you use the software that Wealthy Trader is promoting, I can guarantee that you won’t see results like the ones that he is promoting.
Yay for Photoshop. Seriously though, income statements like this are meaningless. They are incredibly easy to manipulate and they don’t tell you anything at all about the potential profits from the system.
Honestly, I don’t care how much money the author of this product has earned. That isn’t relevant to anything.
Sure, maybe he is a millionaire. But if he is, he’s a millionaire because he likes scamming people online, not because he is promoting a system that actually works.
After all, if he system really was that good, why in the world would he share it with everyone else? All that does is make it more likely for the broker sites to crack down on what he is doing.
Hype Versus Reality
Even though the video narrator shows the inside of the software, for most of the video he doesn’t even make it clear how exactly you are supposed to make money. The software looks great, sure, but how does that translate into results?
Despite claims to the contrary, there is nothing unique about Wealthy Trader’s software or approach. The software is basically an automated system for trading through binary options. There are many similar pieces of software already out there that do the same thing and the hype surrounding them is the same.
Binary options trading is promoted frequently online and people do fall for it, unfortunately.
This is a type of trading where you are putting your own money up and trying to predict changes in the market. Even trying out the software would cost you a $300 minimum deposit and you are unlikely to get any of that back.
To make matters worse, with Wealthy Trader, you are entering binary options trading blind, with no idea about how it works or the risks. Wealthy Trader certainly doesn’t provide training or support, and emails for support tend to go unanswered.
The reality is that Nelson Rooson gets a commission for getting people to sign up and deposit money. So he has no incentive to make sure the software works or to provide any support after the fact.
Despite all of the hype, people who buy into the claims are left high and dry with no support and little chance of getting their money back. I receive a lot of complaints from people getting scammed by exactly this type of software.
Once they lose money, there's no one to contact, no refunds, and no one to blame but themselves.
Can You Trust The Software?
At face value, Wealthy Trader’s software looks professional and it’s one of the few times that you actually get to see into binary trading software before depositing money.
Looks can be deceiving though – and the appearance of the software has nothing at all to do with whether the underlying algorithm is effective. This is essentially a $250+ risk that you trust a random sales ad to be telling the truth.
So, what happens when you use it?
If you deposit money into the software, it will make trades for you, although it will only be making a few each day. Even if the software manages to actually win some money for you, the chances of you actually getting that money back is slim to none.
Getting money out of binary options can be difficult, especially if you are doing so early on in the process.
Most binary options brokers, including the one Wealthy Trader is affiliated with, place heavy restrictions on what and when you can withdraw. This includes you needing to make a certain number of trades and provide details that prove who you are.
Additionally, if you got offered a bonus with your deposit and took it, withdrawing out gets even more difficult and more restrictions are placed on you.
Making Money Legitimately
Binary options trading is simply not a good way to try and make money online, especially if you are relying on software that probably won't work.
A more effective approach is to make money through a website, which is something you have much more control over. This is something that I teach in my email course and I would love to show you.