I been looking at (but more importantly) and learning the markets recently. This isn't a funny article but more of a guru/ helping article. There's an unbelievable amount of crap on the internet when it comes to finances; mostly all in the name of making quick money with little effort, and, with low risk. It's enticing enough, you don't have to learn all the confusing numbers and lingo. And you're there thinking: well, it could be possible in this day in age, I mean, I've fixed most of my car watching videos on youtube, So how is it so improbable that someone's made a robot with a successful algorithm. Of all the people on the planet with an internet connection, it could be possible. Even I , one year, had an incredible run betting on hockey games. For that whole year, I was incredible. I was asked to join sites where people would pay for the picks, I was even called the greatest handicapper ever. I have never come close to duplicating that year, so it goes to show, lightning can strike anywhere. Everything requires a little luck, but when things require too much luck, that's when it's called gambling.
Let's look at binary options. This type of 'investing' looks to be easiest. All you are doing is 'betting' that -for example- option A will either rise/fall by the amount of time you select. It could be as low as 60 seconds. Then, if you're successful, you win like 70%-80%, ie, you bet 100$, you would get back 70$ + the 100$ you staked.
What first piqued my curiosity was an advert that claimed a robot who has a strike rate of 80%, so when doing the math, one can see, that this should be a money printing decision to subscribe to this robot. When gaining 70%-80% per trade, a robot would need to hit around 60% (I didn't do the math to find the exact number, the point is, that at 80% strike rate, you should be on easy street very quickly!).
So you think no way is that possible, so you scour the internet for reviews and lo and behold, you find a lot of people on forums and youtube that say it works. But the more you dig, the more you find out that those sites are all affiliated, and the more you get confused, you don't know who to believe. That last site was so believable...You may think, well the minimum deposit isn't going to kill me, so I'll find out for myself, after all 250$ is a small risk for a potential 10 000$...So the robot you will use is free for one month (so you think they have faith in their product) so you join, BUT, you don't get to choose which binary options book you will use, so research and you find not many of these books are regulated (this strikes you as suspicious but not enough to thwart your desperate need for money, so you soldier on. If you have a gripe, you're likely screwed. So if this robot did work and you made lots of money, would you even be able to get it? Why would this book attach itself to it and give its clients the ability to 'fleece' them financially?) No matter, you'll climb that mountain when you come up to it. But you saw a legit-looking review that said the book was alright, so all is good. So you carry on and the robot hits about 50% and you slowly lose your 250$.
The people that made the robot are not making money on binary options, they are making money as affiliates. In finances, the money is taken away from the uneducated and given to the educated. So it's worth it to educate yourself. Here is a good site I found to learn the markets. It's very thorough, it'll take you a long time to read it all. And it's free. It's http://www.babypips.com/school