I just spent two weeks with John Callaghan's Binary App 810. It was a complete waste of time and a flagrant misrepresentation of what he suggested in his video and written materials. I lost over $160 over two weeks even though I was diligent and methodical in my approach.
I have an electronics engineering degree and an MBA, so I have a good head for numbers. The first thing I noticed is that the application, Binary App 810, did not calculate profit correctly. It provided a "feel good" number that would make you think you were making more money than you actually were. The only number that really matters is your account balance with your broker. But, the application counted all revenue from winning trades as profit, without subtracting the original investment, or the losses against those profits when you lost. Wins would typically make you 1.8 times your investment, while losses would result in the loss of all principal invested.
So, if you bet, not traded, because these were bets, not trades - if you bet $25, then you could win a total of about $45 if you won, for a profit of about $20. But, if you lost, you lost your $25 investment entirely. At that rate, it takes a winning percentage of at least 67% to make money, even just a little.
If the software performed as advertised, that might be fine. However, it was absolutely worthless! I used another program that currency traders use, not even mentioned by Mr. Callaghan, called Metatrader 4. It allows you to get real-time data on the currency markets. Even though I quickly learned that his app was moronic, I tried diligently to use the signals provided by the app, in conjunction with MT4, to make profits. My efforts were quite haphazard. After 10 days, and at least 80 hours of work, I had a real loss of over $166 to contend with. I'm only thankful it was only that amount. I have yet to see if the Broker on the deal, Bee Options, will credit my account for the $333 I had left in my account after I decided to walk away from the app and binary options. It is a gambler's game, not a trader's profession.
I took copious notes of the trades I made, and even those I rejected as not being promising. I made 51 good trades and 38 bad trades, for a winning percentage of 57.3%. I started my trading account with $500, and ended it with $333.75, and that is if the brokerage credits my debit card as they have promised to do. Yet, Binary App 810 claims that I had profits of $2528.75. It sounds great on paper, but it does not spend very well. I believe John Callaghan should go to jail over his gross misrepresentation of his product and the results it can bring!
John Reviews
I just spent two weeks with John Callaghan's Binary App 810. It was a complete waste of time and a flagrant misrepresentation of what he suggested in his video and written materials. I lost over $160 over two weeks even though I was diligent and methodical in my approach.
I have an electronics engineering degree and an MBA, so I have a good head for numbers. The first thing I noticed is that the application, Binary App 810, did not calculate profit correctly. It provided a "feel good" number that would make you think you were making more money than you actually were. The only number that really matters is your account balance with your broker. But, the application counted all revenue from winning trades as profit, without subtracting the original investment, or the losses against those profits when you lost. Wins would typically make you 1.8 times your investment, while losses would result in the loss of all principal invested.
So, if you bet, not traded, because these were bets, not trades - if you bet $25, then you could win a total of about $45 if you won, for a profit of about $20. But, if you lost, you lost your $25 investment entirely. At that rate, it takes a winning percentage of at least 67% to make money, even just a little.
If the software performed as advertised, that might be fine. However, it was absolutely worthless! I used another program that currency traders use, not even mentioned by Mr. Callaghan, called Metatrader 4. It allows you to get real-time data on the currency markets. Even though I quickly learned that his app was moronic, I tried diligently to use the signals provided by the app, in conjunction with MT4, to make profits. My efforts were quite haphazard. After 10 days, and at least 80 hours of work, I had a real loss of over $166 to contend with. I'm only thankful it was only that amount. I have yet to see if the Broker on the deal, Bee Options, will credit my account for the $333 I had left in my account after I decided to walk away from the app and binary options. It is a gambler's game, not a trader's profession.
I took copious notes of the trades I made, and even those I rejected as not being promising. I made 51 good trades and 38 bad trades, for a winning percentage of 57.3%. I started my trading account with $500, and ended it with $333.75, and that is if the brokerage credits my debit card as they have promised to do. Yet, Binary App 810 claims that I had profits of $2528.75. It sounds great on paper, but it does not spend very well. I believe John Callaghan should go to jail over his gross misrepresentation of his product and the results it can bring!