The Binary Pot of Gold Review
From what we know, The Binary Pot of Gold is the brainchild of one James Tanaka. He is apparently a finance guru who has extensive knowledge and experience in financial trading. The story goes that he discovered a secret algorithm that is able to generate about $133k per month for a single trader. Unfortunately, he didn’t have enough funds and approached a billionaire investor known as Russell Cargill. Russell was captivated by his idea and invested a huge amount towards the development of the software, valued at over $50,000. For formality, the two friends formed a partnership which they called the Tanaka-Cargill Group. For obvious reasons, James Tanaka became the face (and CEO, if it matters) of the new software while Russell assumed a silent role, like stinking rich investors are wont to.
On paper, the partnership between Tanaka and Cargill sounds like a typical business partnership. Nothing really seems odd about it. Until we get to the intricate details. For a start, James Tanaka – assuming he is the one who did the voice over for the promotional video – does not provide enough information about his so called revolutionary trading system. Considering we are living in a time when scams are twice as many as legit softwares, it will take a lot more than just the mention of a ‘top secret algorithm’ to capture our attention. Simply put, we need to know more about the Binary Pot of Gold. Like what inspired good old James to develop the software? How different is it from the usual stuff? For chrissakes go easy on that ‘we can make you 30k a day, so we’re different’ crap, it doesn’t work on us. Details, James and Co., we want details!
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That is not all – who the hell is Russell Cargill and why does his second name sound like a type of fish that is found in some stuck up lake in rural Scotland? Most importantly, what role does he play in the whole thing? By any chance, was he the one who came up with the name Binary Pot of Gold? We, and probably you, will be very much interested in knowing what he had taken (or smoked that morning). To cut the long story short, we have fallen victim to far too many scams to blindly trust some guys who come out of nowhere and claim to be billionaires. Final question – why isn’t Russell’s name in the Forbes? Oh, we get it. The man values his privacy more than all his fellow billionaires and wouldn’t appreciate appearing in a…bourgeois publication. We get it.
$133k per month?
According to James Tanaka, the Binary Pot of Gold is capable of making up to $133k on a single month. This translates to a little more than $4,000 per day. In a year when unemployment rates have skyrocketed, that’s quite a lot of money. Before we even recover from reading that, James is quick to remind us that Binary Pot of Gold is not your ordinary trading software. He says that apart from auto trading services, Binary Pot of Gold also provides traders and beta testers with an experienced trading coach to train them how to conduct market analysis and make the best possible predictions. At face value, this is great – in fact, very commendable for James and his team. Only that majority of the traders we asked did not think so.
To paraphrase one trader, Binary Pot of Gold makes near perfect predictions for the first few trades. Unknowingly to most traders, this is a psychological strategy to get them to invest more after which the losses start piling up. As it is, we cannot really entirely blame the software and/or the trading coaches for the consistent losses as the trader also has a role to play, but still. By the way, do you guys believe the lie that you don’t need to have had any trading experience to start winning with The Binary Pot of Gold, or any other trading system for that matter? That is the biggest lie in binary options and most software developers use it for their own selfish interests. It is a known fact that inexperienced traders are easily convinced and are generous with their trust – and money. This makes them easy prey to the conniving brokers and developers like James and Russell.
A word of advice to new traders here: experience is necessary. Experience is the single most important factor of success, or failure, in binary options. Do not listen to anyone who tells you otherwise. So, go out there, do you research properly, read widely – by all means, acquire all the knowledge you can, including how to identify a scam. Thank us later.
Back to the $133k issue, in case you didn’t know, that is impossible – has never happened and most likely will never happen. At least not the way James Tanaka sells it. As a matter of fact, it is quite possible to make that amount, or even more, per month. What is not possible, however, is earning that much from deposits of $250,with even lesser investment amounts per trade. What more, you can’t earn even $1,000 in a century using such a shady software.