Beware of Gerald Reed The Centument Project 2 Binary Trading Software Scam
Sep 15, 2016
The Gerald Reed The Centument Project 2 binary trading software located at website: www.thecentumentproject2.co, is another binary trading software scam. There is no such binary option trading software, and the people in the video on Gerald Reed's website are actors. Also, if you search the internet, you will not find a Gerald Reed that created an auto trading software called Centument Project2, although he claims he was featured on Forbes, Wall Street Journal,TIME and CNNMoney. The scammers behind the fake software and website aims are to trick online users into signing up for binary options trading accounts with a broker and depositing a minimum of $250 into the accounts.
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This is how the so-called Gerald Reed makes his money, by convincing members into opening binary options trading accounts with a broker, which he will make commission from every time those online users trade, whether they lose or earn money on their so-called investments, taking part in very risky binary options trading.
What is Binary Options Trading?
Simply put, Binary Options trading allows you to basically trade by saying “yes” or “no”, and if you predict the right outcome you win a predetermined amount. If you are wrong, you lose your money.
Remember, the trading of binary options can involve overall market risk. In nearly all cases markets can and oftentimes do move in various directions without ample warning. Although there are ways to predict potential market movements, even the most thorough of analyses cannot always accurately pinpoint exactly which direction the market will take.
Online users, the best way to get to know Binary Options trading better is by using a demo account. With such an account, you can trade under real market conditions without risking your own money. There are a lot of websites on the internet which allow you to setup a demo account. Just search for “open demo binary options account.”
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