Safe investments seniors
Few days ago the Grande Prairie Daily Herald-Tribune published an article titled: “Seniors, be aware of scams: ASC� by Jocelyn Turner. (http://www.dailyheraldtribune.com/2016/06/06/seniors-be-aware-of-scams-asc) ASC is the Alberta Securities Commission. The article is very good 
and I am very happy to see news like these being available to the public highlighting the many scams targeting people online. It is only sad the news never made it to a broader audience, but I will try to help on that and make my little contribution to spread the voice.
and I am very happy to see news like these being available to the public highlighting the many scams targeting people online. It is only sad the news never made it to a broader audience, but I will try to help on that and make my little contribution to spread the voice.Senior citizen scams is a horrible thing to do and I hope the authorities get these fraudulent companies or individuals. However, there is something in the article that is not objectively described, and that is the use of the terms “a game of chance� and “ a bet� as being associated with the concept of Binary Options Trading.
Please let me explain myself, but for that I will go back a little, You know I have already talked about scams and fraudulent offers online … and I mentioned as well the association between the words “free� and scams … and there are other terms, such as “risk-free�, “effortless “, guaranteed, etc. All these are use widely online to attract people … and you know people is attracted easily because they like those terms very much … it is the perfect “bait�.
I am not sure that every single offer using these terms is a scam, but I am 100% sure every single scam start with those words.
And why is Binary Options being associated with a scam or just referring to it as the Binary Options Scam? …. I would say that if somebody sells you Binary Options trading risk-free, effortless or guaranteed … they are lying .. I am would agree that could fit the definition of a “scam�. It is just the same as somebody selling you companies stocks saying that you can only win. We know that is not true .. That also fit the term “scam� but, Would you call the stock market a scam? … Obviously not, The whole world economy depends on it …. But, we know there are people doing scams hidden behind the stock market … Ponzi scheme, etc.
So, it is not the stock market that is a scam, and if the stock market is not a scam then Binary Options can not be a scam because it depends on the stock market
With that being said ..
It is true that Binary Options is risky … and perhaps the most risky options trading there is … and that is why the profits are so high … There is a logic in finance investments … the higher the risk the higher the profit
However Binary Options is not “a game of chance� and when you are trading that is not “a bet� …. That is the absolute true for anybody doing Binary Options seriously, with knowledge, analysis and risk management … and when I talk about Binary Options I am telling you my experience, the risks and the methods to manage that risk … I am also telling you that the probability of losing money will always be high but, there are ways to manage that probability with knowledge of the market situation and analysis.
I am also telling you that is you don’t do that analysis and prepare yourself, Binary Options for you will be the closer there is to “gambling�, “a game of chance� and when you trade “a bet�. I am categorically telling that you should not do that because you will likely fail.
If you enter Binary Options is because you are willing to prepare yourself, you have the extra money to spare and you enjoy challenges … That was me when I started and that continues to be me.
Selling Binary Options to a Senior Citizen is unprofessional and inmoral in essence …. And I am not saying that senior citizens are not capable of preparing themselves or enjoy challenges and they might even have the extra money  … what I am saying is they have to be told all the risk involved to the minimum detail … but, this is the true for any body … every single person considering Binary Options should be aware that more than likely money will be lost and if they don’t prepare themselves that could be 100% of their money.
There is a chance to make very good profits, only if you are prepared, you get the knowledge, you manage the risks and enjoy the challenges … if you do that like I am telling, you will succed and anything, including Binary Options Trading, will work for you …
Cheers
LO. Diaz
What an excellent post! I love and appreciate that you’re educating Seniors on the scams that are purely aimed at taking advantage of their nativity of the internet.
My mother in law (who is considerably older than my own mother) is not tech savvy and because of this, she has lost money via the internet and phone. I’m wondering (or maybe hinting) if you’re going to do a post that educates seniors on phone scams?
Thanks for your comment. You know in general I hate scams, particularly online scams, not because I was a victim myself few times … it is because they “hide” the real opportunities for people and only feed the fear to try new things.
Very well put together. The fact that you also offer this in another language is even more impressive. The content and time you put into this is good. I have a couple of thoughts on this. I was thinking that the “Spanish version” label should be written in Spanish, and there might be a typo in your ‘About me’ page under the beginnings headline…”my journey into binary options started long time ago”…I think it should say “a long time ago”.
I can’t wait for my website to get as far as yours. Keep up the good work!
Thanks for your comment and suggestions. Well Taken
I have just visited your very interesting site. It is full of great content and encourages readers to interact. A good point of interest you have is in reference to the Wealthy Affiliates success stories. I hope one day soon I too will be amongst your success stories. I agree with you inregards to hard work, committment and committing to the training.
Thanks for your comment Maree. Let’s keep on the good work
This is such a good article that needs to be written! My parents and grandparents are not very tech savvy and I will definitely be forwarding this article to them!
Unfortunately, you need to be skeptical of anything online that seems “too good to be true” since it usually is. So glad you’re providing quality information from a trusted source. Keep up the good work!
Andrew
Thanks for your comment Andrew
Hi: I enjoyed your article and your site. Your subject matter was very interesting. I certainly would not want to be involved after that kind of review from the ASC.
Thank you for taking the time to address the concerns. It would have been very easy to look the other way and not voice your opinion.
Keep up the great work and continue to express you views.
Thanks for your comment.