If you spend as much time on the internet as I do, then you’ve probably already heard of the Kelly Wallace WikiTrader software. There also happens to be some negative information circling this particular product. A lot of people are quick to label it the WikiTrader scam, but this got me wondering. Why were so many people attacking this formula?
Normally, when I encounter a scam product, I’ll read about a 50/50 mix of positive and negative reviews. It’s because people read the negative reviews, they don’t try the product, and so there aren’t an abundance of such reviews. The other fifty percent of positive reviews are just marketing hype.
This product, however, had an overwhelming amount of negativity. And this made me curious. Who was trying to stop people from buying this product? Or is it truly that terrible. I decided to take the time to uncover the secrets of the Kelly Wallace WikiTrader system and what I learned might surprise you:
WikiTrader Is Not A Scam.
It seemed that the majority of the negative reviews were stemming from one of two groups. The first group I’ll label “the competition”. These are people who are promoting competing binary options trading systems or websites that are affiliated with such systems.
They clearly don’t want people using the WikiTrader software because once they did, those people would never return to their systems. The people would make money, but the competition would lose money. And that’s bad news for the competition.
This is a fairly competitive market, so these types of reviews don’t surprise me at all. It’s the sheer volume that actually impressed me. This told me one thing: that competitors feared the Jarvis Formula.
The second group of people I’ll label “misled”. These are the people who start using such products with unreal expectations. Usually be they read misleading information. Sometimes that information can come from the very people affiliated with the product. This is an unfortunate incident that happens all too often in the world of binary options and it’s not entirely their fault.
For example, does this system have the potential to create millionaires? Absolutely. Many people take that notion and run with it. They invest the bare minimum amount and then six months later they aren’t millionaires. They get mad and then leave negative reviews. This happens because they don’t have an accurate understanding of how capital and binary options trading work.
Binary options are actually so simple that it somehow becomes complex. The basics are very easy to grasp, so many newcomers rush off to start trading without stopping to understand the fundamentals of how it works, what makes a trade a success, and how to build a consistent profit.
With these two groups out of the way, I could not find a single WikiTrader Software review that was negative. The people who used this product with real expectations were truly successful and had many great things to say.
Now that we’ve answered the question, “Is WikiTrader legit”, let’s look more closely at the fundamentals of binary options trading, what the formula is, who created it, and how you can use it to meet your financial goals.
A Crash Course In Binary Options.
Having an understanding of binary options makes it easier to understand how these systems work and what they can realistically do for you. The confines of this article won’t be enough to offer an extensive course, but we can at least cover the basics.
Binary options simply mean that you have two options. One option is called a “put” and one option is called a “call”. These options relate to the value of a particular asset. You never trade the actual asset, but rather you trade contracts that contain your option and a few other details.
A “call” option means you think the value of the asset will increase before the expiry time. A “put” option means the opposite, that you think the value of the asset will decrease before the expiry time. If you chose the correct option, then you make a profit from the asset. You can profit whether the asset increases or decreases in value as long as you chose the right option. This is where binary options differ greatly from other financial markets.
When you choose correctly, you get all of the money you invested back as well as an additional percentage, which is usually around 70 percent. Binary options have very low minimum trade requirements. This where people tend to make mistakes in judgment. If you’re only trading with the bare minimum of five dollars, then you aren’t going to become a millionaire any time soon.
As for the asset itself, it can be a variety of different things. Various commodities, stocks, and currency pairs can be used as the base asset. Remember, you are never actually buying or selling the asset itself. Only a contract that contains your option, an expiry time, and some other details.
How The WikiTrader Formula Helps.
Binary options are extremely simple compared to other financial trading markets. This makes it easier for financial experts to team up with programming experts so that they can create software to trade for them. That is exactly what the WikiTrader software does. It uses a complex algorithm that is the joint work of Kelly Wallace and her team of extremely capable programmers.
Now, even when a financial market is as simple as binary options, it doesn’t mean that making a program to successfully trade will be simple. It took them years upon years to refine a product that was even relatively successful.
Several years in, during their first batch of testing, they were making successful trades about 80 percent of the time using this system. That’s already pretty impressive, but they wanted more. Keep in mind, the average trader doesn’t have this sort of success rate. Even really good traders rarely have an 80 percent success rate. Still, Kelly Wallace and the team wanted more before they tried releasing it to the public.
So the team returned to the drawing board and started making changes. They continued to test and refine the product for multiple years after this. It was about three years later that they reached a point where they were winning trades over 90 percent of the time. This was a huge milestone so they decided it was time to invite some beta testers.
The Formula Goes Live.
The first round of beta testers included fifty individuals. None of these individuals were in the “competition” or “misled” groups and everyone one of them saw their wealth increase over the course of the testing. After all, the program was trading on autopilot, with very little input, and was successful almost all of the time. These people were making hundreds of dollars a day without lifting a finger. That’s the kind of life that so many of us only dream about.
After a brief period of beta testing, it was obvious that the formula was a complete success. Even so, the team refined it a bit more and worked to increase the success rate even higher. After reaching an average above 95 percent they are finally ready to release the product to the masses. Not to a limited testing group, but to everyone who is interested.
That, of course, is where I come in. After sorting through the negativity, the attacks at the company, and the reviews of misled customers, I think I’ve found a binary options trading platform that’s actually worth my time.
- For a full in depth review follow this link >>WikiTrader Review