J the S- Change
Posted on February 26, 2010 by Martín Caballero
J the S goes in with a different kinda track…what y’all think?
J the S x Franco- Change
There is this software for trading in binary options called the QProfit System which seems to be in the news for all the wrong reasons. I was downloading an audio clip from the internet when suddenly this link to the software opened on my computer screen and proclaimed that if I could open a trading account with them for as little as (really?!) $250, I could well be on my way to becoming a millionaire in no time.
Now honestly, I was quite impressed and naïve! So I decided to check it out. I looked for some clues to find out if there was a way to get around the website. I went to YouTube to find out how this online trade thing is done. Almost all the videos and the research matter spoke about using a demo account.
I returned back to this earmarked website and searched high and low for a demo account but found absolutely none!
I must confess that I loved their videos:
The videos on the website were so impressive showing smartly dressed executives sitting in plush offices talking big things like finance and money markets and signals.
My first impression was like dude! I want to be like them!!
So, it started. It was like I was in to it. I wanted to be able to make millions like the website claimed it could make anyone! I was so naïve to believe it!
I had just enough in my account:
I thought to myself that if I become successful at this there will be no name calling in the family and then even I would be respected for my money decisions. How wrong could I be?
I had $250 in my bank and I decided to immediately link my account with the website. As soon as I deposited the amount, I got a confirmation of opening an account with them and my account was duly registered with a broker, someone from the UK.
You must remember that this is the first time I am trying it out and I had no idea what a broker is or what he does for the account and the fact that he has to be licensed. Apparently, the broker that was assigned was not a licensed one and that upped my risk by over five hundred percent!
I was thrilled when I got a congratulatory message from them which was computer generated. Little did I know that it was going to turn into a big woeful tale!
The website started generating trade signals of my account. The first few trades were great with me clocking a profit of $50 in less than half a day. This made my confidence swell. I started imagining the faces of people who always despised me for my bad luck and thought of giving them a fitting reply with my success.
Throughout the day, the trade signals were good. By the time I retired I had made $85 and I thought that it was really good way to start. May be in a day’s time I could really become the owner of a $1000 if not a millionaire.
I left the accounted on automatic robot mode and called it a day. Next morning as soon as I woke up I rushed to see the big balance that my account would show. But I was horrified!
That was it! Slowly my account receded and then the balance became zero.
I tried calling the customer service but no one would answer. I emailed to them but got no answer and worst of all is that when I Googled their address, I came to know that there was no one that there with an association with the website.
I cursed myself for being reckless and not checking these things first. Greed they say can be a nemesis. I learnt from my mistakes.