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display of winning

reldasreldas Posts: 2
edited August 2013 in Beginners Questions
As a complete newbie may I ask why people claim to be winning 700 dollars in half an hour when actually they have only won 70 dollars as the rest is merely the return of the stake in a winning trade. Seems somewhat misleading to anyone particularly someone with no knowledge of rhe markets in the first place. Please could these people just share by all means and at the same time tell the truth They are not winning 700 dollars at all.

Comments

  • BrianBrian Posts: 33
    I dont think you will find stuff like that on this site. You have seen claims like that from scammy people who are trying to convince you to use their service (be it a broker/signals/whatever). You are of course 100% right, if you place a trade for $700 and get $770 back you have only won $70. (Note this would be a horrifically bad trade - only 10% return - this is not a binary options trade - payouts are typically much much higher % like 70%++
  • mifunemifune Posts: 160 ✭✭
    There's a lot of misinformation and sounds-too-good-to-be-true type of stuff when it comes to trading education. It's mainly scam artists prying on new traders who are looking to become successful quickly. Always be sure to exercise caution.
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