Name: Forex Income Boss
Owner: Russ Horn
Rank: 0/100 – Scam
What Is It?
I must say that if I were still new to online marketing that the Forex Income Boss would have lured me right in. Russ Horn’s well-developed website will definitely raise some curiosity. Despite looking less like a scam than most of today’s online binary trading products, Forex Income Boss still uses scheme-like tactics. I will even tell you right from the start, that binary trading is not a great way to go.
Can you make money doing it? Absolutely. On the contrary, you can also lose just as much money if not more. Many of these binary trading products act like there is a legit strategy, secret, or trick. In this review you’ll learn why many of these online marketers have resorted to this poor way of attracting consumers.
How Much Is It?
Forex Income Boss is offered at a very expensive and unreasonable price of $997 and claims to make you up to $36,118,865. You read that right – $36 million dollars! Most of todays binary schemes will over-exaggerate to this point simply in order to get you to buy their product. You will find that these outrageous claims are not only true but that you can even end up losing more money than initially imagined.
How It Works?
I think after reading this section you’ll have a much better understanding of how Forex Income Boss works as well as the binary industry as a whole.
Forex Income Boss is not a bot, platform, or software. Instead it is a compilation of books and dvd’s showing you how to trade profitably. While this may seem to be a better route than most of today’s completely fake binary bots, Forex Income Boss lacks in just about every area.
Russ Horn not only claims that this is a low-risk venture, but goes as far to say you’ll create millions in a matter of days. He claims that the system is powerful and will work for anyone. The problem with this is Russ Horn himself does not use binary trading strategies himself to make money.
Instead he creates and sells these binary marketing products to individuals like yourself. He even goes onto claim that famous individuals like Warren Buffet and George Soros pour all their money in binary trading.. I’m not sure if he’s confusing binary trades with stocks, but the truth is it is highly unlikely these guys would risk any of their money in something like binary trading.
When it comes to binary trading, there is no strategy or secret. The trades are so volatile and short-term in nature, it is impossible to tell just by its historical aspects, when a trade will go up or down. For example, lets just say that a binary trade can be bet on every second. You can’t tell from the last 60 seconds if its going to go up or down. The reason is its highly volatile, making this different from stocks in every possible aspect.
The degree in which people lose their money on binary trading is enormous because even if you do win one trade, does not guarantee the next. And the only way to keep on earning money, is to keep trading.. It is too unreliable. No matter what, you’re going to lose on a trade despite your predictability efforts. This is what Forex Income Boss tries to teach you – a highly inapplicable strategy, which I repeat, cannot be used in binary trading.
In addition Russ claims to teach you the best times of the day to trade and that his “market hours indicator” will allow you to win more trades.
I can’t begin to tell you wrong this is! As I stated before, it does not make a difference of how a trade has been doing historically, or what time of day it is. There is only two directions it can go and this is highly independent of any other factor.
For example, lets take a trade and make a quick graph on excel of how its been doing historically. You could compare its ups and downs percentage wise and come to the claim that it is nearly impossible to predict the outcome. The trends are random, whereas historically, actual stock trends will show you how to invest. Yes, stocks can go up and down too, but you are investing over a long-term period, whereas in binary, you are simply dumping your money into a momentary trade.
Forex Income Boss Overview
I hope I have helped clear up the major differences between stocks and binary trading. I know it can be confusing at first, but after you have some experience like myself in the trading of binary options, you will know exactly what I mean. Winning streams are not only slim, but will always come to a close. Not only that, but the risk is inherently great, no matter what strategy or trick you attempt to use.
Too many people buy into these binary marketing schemes only to see it gives them no results. This has become sickening and I hope Forex Income Boss and its affiliates don’t succeed in their tricks. That is why I only use Wealthy Affiliate. This is in my opinion the most legitimate online marketing program I’ve seen to date and has facilitated and helped thousands of individuals worldwide make money – not lose it!
Thank you for reading this Forex Income Boss Scam Review. If you have had any experience with this program, I would love to read more on it below!