I Signed up to 24 option with a company called So Finance.
They have been feeding me signals for the last 2 weeks and my account now is down to 99p so it has not gone well at all.
So i am now £250 down.
Anyway 24 option have contacted me and my account manager David Goldenberg.
I have been watching his live webinars he does they are on youtube as well. He seems to use the martingale strategy but only when the asses passes the bollinger lines top or bottom.
So when it does pass the top or bottom lines he will do a 60sec trade if it fails he will trade again at the end of every unsuccessful trade increasing the amount each time on average i would say he uses between 0 and 3 what he calls recovery trades.
He wants me to invest 12k and i will receive a 12k bonus and this will then give me upto 8 recoveries and looking at all his webinars he has never needed that many tops i have seen is 5.
I have been using his method on IQ demo account and it seems to work for me i have been using $1 trades and x by 3 each time and the most i have hit is $81trade i have been does this for a little over a week now.
What do you guys think?
It's time to wake up and stop listening to signals and account managers. An account manager and you are in a conflict of interest
so you should do your own trading. Start learning price action trading and how to read the charts.
I did ask how do they make money if you are showing me away to win every time and he said "from people like you at the moment who do not have a clue what you are doing."
Here is his youtube Videos/Webinars that he posts every day
Look, 24O is a good broker but in general, regardless of which brokerage you are with,
don't let account managers trade for you and learn to trade on your own and make your own
decisions from reading the charts.
And what do you mean "All I could see was to Upgrade" Upgrade what? See where? what?
Please make sense.
How much trading experience you have? I am guessing not much and in that case no you are not going to make
6K out of 500... All these people who want to get rich withing days/weeks lose their shirt.
ANd also can this binary industry survive over next 10 YEAR.
HOWEVER, in general, you are NOT supposed to listen to account managers when it comes to trading recommendations.
You should only speak with them regarding withdrawal requests, account verifications and issues you may have. If they tell you
do this or do that on how to manage your account tell them no thanks we are in a conflict of interest and I have no desire in following your recommendation.
I'd even report them.
Having said that. Myself I used their "Live Chat".
Posted my "compulsory" question to initiate the Chat
Been told 3 other before me
Been told; "Your chat started now"
Waited 2 minutes.
Asked the question Again
Waited another 2 minutes
Left 24Options and threw the key away.
I used "really countless" live chats in all possible industries. Not once had I ever experienced something alike. You need to ask yourself, how far are you willing to come down to meet at their low level. Somebody who does not respect me doesn't earn my respect. It kept me safe.