Trading Everest by Jason Gaines is one of the many trading software products out there that claim to help individuals with no previous trading experience to jump online, dive into the markets, and start making successful trades right off the bat. There are programs that promise to use systems to wealth, others that teach systems that can be used over time, and then there are the online scams. So many online scams. Where does Trading Everest fall on this spectrum?
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Read on for our complete Trading Everest software review to see what we think about this program (without all the thinly veiled affiliate links).
First Of All, What Are Binary Options?
The problem isn't with trading binary options. While most often associated with trading currencies in the foreign exchange (Forex) market, binary options is actually a type of trading that can be applied to virtually any market. The only requirement is that there is a broker and trader willing to be on the other side of the trade. With the size or the global market, that isn't a problem.
While some traders view these as a bit too risky for their taste, they do offer a boatload of unique opportunities for traders who are very good at seeing general trends and movements without having to be completely on top of exact moment to moment movements. This makes it a very viable method of trading to make money online because it only requires you to be correct about the short-term direction of the market in a specific time-frame.
What Is Trading Everest?
Trading Everest is a binary options trading software that claims to heavily simplify and automate winning trading strategies. It does this by using a signal generator to tell the software when to jump into a trade, what types of trades to make, and then seeing those trades through to profits and losses. The main sales page promises a 71-85% ITM success rate on a regular basis and looks to entice new customers in with a 30-60 day free access trial.
The program shows a screenshot of a supposed live account with a 90% success rate as far as trades, and in theory getting started trying out the software is free but as with other programs like this one the person trying out the software must open up a binary options trading account which means putting down $200-300 at a minimum to have enough to actually try out trading binary options.
Are There Any Red Flags?
There are plenty of red flags. The first is the guarantee of over 90% winning trades, depending on which of the numbers you're looking at. If this was possible, every mathematical whiz of a trader or computer programmer in the world would already have discovered it, and they'd be breaking the system with the sheer amount they are making.
The way binary options trading works mean that you should aim for at least a 67% win rate to make money. There are many traders that do far more than that on a daily basis. The problem is with systems that claim to have super high win rates, like the Trading Everest scam. Scams like this claims to supposedly have sky-high ITM win rates and that's simply not feasible! That sort of thing immediately starts to make me suspect that Trading Everest is a scam.
The register time countdown resets if you refresh the page. This should be a massive red flag, as it seems to show an attempt to create false scarcity. This is a known marketing trick that many scam systems use.
If this doesn't look like scam software, I don't know what it is!!!
Trading Everest also has many of the hallmarks of other trading software scams: a name that is only attached to this project but doesn't show up on video, a relatively new fly by night website. The same sales letter format that many others have used before to get unfortunate people to sign up for software that doesn't work, and just makes them spend their money. The trader loses money but the company still wins.
So What's The Final Verdict?
There are many good tutorials out there on how to make money trading. There are also systems that perform very well, without crazy claims. There are also plenty of free trading lessons on what works, and even great membership sites and packages that can help guide someone into learning how to trade in a smart way, that gives them the skills they need to make money.
However, when it comes to the Trading Everest scam, the number of red flags are way too much and there is no way in good conscience we can recommend this scammy software program.
Take a look here are far better alternatives that have been tested and proven: Current Best Systems