I Have Just Stumbled Upon "ez Trader"

[grandpajoe]

Do you know of this site and do you know if it's worth a punt. I know nothing at all about "Trading" but a beginning to understand the concept. How does "Ez Trader" make it's money??

In the past I have never had any real success buying shares save NEXT ! Years ago I bought 1000 shares @ 20p and sold them @ 40 p. look at them now!!

Any thoughts on "Trading" please Chris

[woofgang]

I wouldn't touch it with a long bargepole. Basically you are betting whether an asset will go up or down in value over a period of time. If you are right you win and if you are wrong you lose. I am guessing that they make their money off the folk who are wrong. At no point do you own any shares so far as I can see.
I can't tell whether they are honest or not (although reviews are iffy)

[grandpajoe]

Yes Wolfgang it seems to be a scam. Have had a quick look on YouTube and people who have "won" cant get their money back likewise people who have lost money and want to get out with their remaining money can't . Ah well!

[Orderlimit]

I'd steer clear of these binary option companies particularly the ones that state 'Earn Up to 95% in Only 1 Hour' (and any other product on sale that make similar claims).

Short term speculation (trading) is a minefield as the markets are subjected to manipulation by professional/institutional trading syndicates. If you are going to look further into trading then in my opinion you'd be better off concentrating on US shares trading on the Nasdaq/NYSE. Complex business !.