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How Not To Get Into Binary Trading
Was I desperate or just naïve?
It was probably both. I was on my last legs financially the pandemic had hit me hard and gullible me believed the trader I had been chatting with on Instagram. She had approached me a while back and I had refused to deal. I told her that I had lost big before on Contracts For Difference or CFD as it’s known. She was concerned and asked who the broker was and checked it out. That sort of gave her credibility in my under-pressure brain. Her pics on Instagram showed her teaching this in a classroom and all her statements had good knowledge. I questioned where she was based, and all the answers came back satisfactory.
She mentioned investing just £250 in Binary Options and I could make a possible £6k or £7k in one trade. All I had to do was pay a 20% commission on the profits. I took the bait and followed her instructions. Showing screenshots all the way. Things were happening and the signs or signals were great to invest.
I tried and signed up for a few sites to buy BitCoins as my teacher showed me, always giving her screenshots along the way. She was very helpful as she guided me through the process. Finally, I’d bought £250 of BitCoins and sent those to the investment website. (BitForx).
