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Thread: Question: What do you guys know about Walter Green & his track record? Scam or Legit?

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    Seattle is offline Member
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    Question: What do you guys know about Walter Green & his track record? Scam or Legit?

    I honestly have never seen a more sincere video about binary options trade bots. And here's the thing... he has been around for about 6 months and I cannot find a single complaint about the guy. How can this be?

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    JustTooMuchTime is offline Senior Scambuster
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    Re: Question: What do you guys know about Walter Green & his track record? Scam or Legit?

    Quote Originally Posted by Seattle View Post
    I honestly have never seen a more sincere video about binary options trade bots. And here's the thing... he has been around for about 6 months and I cannot find a single complaint about the guy. How can this be?
    Here are a few sites that have been hosted on the same IP as freemoneysystem.co - when there is a small cluster like this it typically means the sites are owned or controlled by the same person or company:



    Click Clone Cash is the old version of Click Copy Cash which is covered here:

    Click Copy Cash at ClickCopyCash.co

    Free Money System is also addressed in that discussion.

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    ribshaw's Avatar
    ribshaw is offline Nigerian Ministry
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    Re: Question: What do you guys know about Walter Green & his track record? Scam or Legit?

    Quote Originally Posted by Seattle View Post
    I honestly have never seen a more sincere video about binary options trade bots. And here's the thing... he has been around for about 6 months and I cannot find a single complaint about the guy. How can this be?
    No idea, but having followed the markets for years I found very little convincing evidence of winning trade systems ever being sold to the public. Best case they backtest some series of data, curve fit it to make it look profitable and then sell it. If someone could make a bot and trade options themselves why offer it at all?

    Not just binary options, but many options in general have very low volume which makes them difficult to trade. The spread between what you can buy for and what you can sell for will often suck much of your profit in thinly traded issues. This also makes many strategies look great on paper, but virtually impossible to execute in the real world.

    I have eyeballed a few "binary options" which would imply a (yes/no) (up/down) outcome only and find them to be priced on the high side. Nothing scientific mind you and when I saw the low volume I really lost interest. If you bet on a coin flip heads or tails approaching infinity the odds are 50% per side. Including all transaction costs if you are paying more than $49.99 or the payout is less than $50.01 then expected value is negative, as would be the case in any casino game. Many of the trades are not binary and are straight up gambling. A $5 trade that pays $100 is most likely not binary and is only of value if it consistently wins more than 1 time in 20.

    If playing this game my preference would be to stick to weekly options traded on major licensed option exchanges and leave the offshore binary option brokers for people who just want action. IBD on varying Saturdays has three guys that advertise can't miss option systems. Don Fishback, Chuck Hughes, and George Angell, check out their ads then google their names and see what their satisfied customers have to say.

    ==================================================

    The second piece of this is most binary option brokers aren't licensed to solicit business from US citizens and are doing so illegally. If you do have a big win using a bot or gypsy crystal don't be surprised if the payment window gets slammed on your fingers.



    Can offshore "brokers" trade with US residents? Binary Options Legal US

    In the case of off-shore platforms offering binary options to retail customers in the United States, the answer to this question is a resounding "No".

    As the Director of Enforcement for the CFTC stated in connection with a recently filed lawsuit:

    "It is against the law to solicit U.S. persons to buy and sell commodity options, even if they are called ‘prediction’ contracts, unless they are listed for trading and traded on a CFTC-registered exchange or unless legally exempt."
    "It's virtually impossible to violate rules ... but it's impossible for a violation to go undetected, certainly not for a considerable period of time." Bernie Madoff
    https://www.facebook.com/pages/Scam-...98399986981403

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