When you are interested in a binary options product, it is only natural to search for review to form your own opinion on it. But there are some important things you should know.
Binary options trading has become very popular thanks to its simplicity, now anybody can understand financial speculation, because you just have to guess whether the price of an asset will go down or up within a certain period of time.
However, if you try trading binary options long enough, you will realise that you still need a good strategy to make money. It is seemingly easy to find one for free, because there are hundreds of offers on the web.
The crucial thing to realise is that you cannot always rely on reviews. Don’t get it wrong, there are some very reliable binary options reviews web sites, but there are also some that find themselves in a conflict of interest.
Everybody knows that if you write a review about something, you should be unbiased. But a lot of binary options web sites are selling, either directly or indirectly, trading systems and strategies they review. So you cannot trust them.
The same applies to binary options brokers, the vast majority of broker reviews are made by people who get paid for referrals by these same brokers. So again, you cannot trust them.
And it becomes very difficult to understand which review is honest and which one is not. Because some websites publish fake and real reviews at the same time, so an inexperienced trader really faces a difficult task.
It is not a bad idea to rely on commons sense. If you see reviews endorsing a free trading system that allegedly makes a lot of money, you should not trust them. Because the simple fact is that money is not free.
One single free and profitable trading system would either stop working very soon or it would ruin the entire economy, because money would become worthless.
Think about it.
The same applies to Forex and other financial markets. The economy is based on some fundamental laws. So to believe that there is free money is really foolish. The only result that can follow is that you will lose your own money to scammers.
It doesn’t mean that you should not read binary options reviews at all, but if you are interested in a product, read as many reviews as you can, and remember to use common sense. This is the best way to avoid losing money with trading systems and strategies that don’t work.