Free Money System Review
Product: Free Money System
Will the Free Money System Scam you?
If you are reading this review then I guess you have watched the sales video of the Free Money System. The sales video has some bold statements and a very funny story line to it. I could not help but to think that this website is a major fluke.
I have a similar review about The Millionaires Blueprint which is actually the same as the Free Money System. I guess the owner of this website had to change the name because people found out about the big lie he is promoting. Now I do not think that it is hard to say that the Free Money System is a scam, but if you would like to know about the reasons that support my statement, you can read the review further.
The “owner” of this product is Walter Green or also called the Green Machine. He is a washed up lawyer that could not pay off his mortgage because he just lost his job. He then met with his cousin (who is a so called millionaire) who introduced him to a secret loophole that is making him millions online.
Walter got access to this program and started to bank big and in 3 months he was a millionaire and decided to share this secret system with everyone. I really doubt if all of that is true.
What is Free Money System really?
This “product” is a sales funnel designed to promote binary options brokers. Each time you deposit money into your brokers account, the owner of this program will earn a commission. You will need to deposit at least $250 into your account before you will get access to the Free Money System.
This is all a downright lie just in order to to make money from you. This product does not even exist.
Unfortunately there is not one good thing to say about this product.
1. Ridiculous claims. This is a no-brainer because you will never become a millionaire in 3 months with trading. Maybe if you already have the experience and capital (with a bit of luck of course) you might be able to do it. Just look at Warren Buffet because he is making millions each and every month.
2. Countdown timer. This is the next big flaw that I saw with this product and that is that it rushes you to give your personal information. Nowadays you cannot afford to pay for a product without reading the review first.
3. The product does not exist. I already explained what the Free Money System really is.
Is trading really for you?
Online trading is not something that is easy to do. I studied Safex Trading (which is grain trading here in SA) and it has the same principles as Forex Trading. You have to constantly study the markets to look for the supply and demand of a specific commodity to estimate whether the price will rise or fall. This is called Fundamental Analysis.
The second type of analysis is called Statistical Analysis where you have to look at graphs the whole day in order to spot a trend. By the type of candle stick you can have an idea whether the currency, stock or bond is going to go up or down, but you will never be able to trade with 100% certainty.
It’s also very stressful and there will be some days where will not make a dime because you are reliant to fluctuations in the market. There is software out there that can increase your winning ratio from 50% to 60%. Other than that, I do not know of any software that can guarantee a profit.
You also have to wait for trades to open so that you can place one. Sometimes you have to wake up at 1 am in the morning to wait for a trade to open and then there is still no guarantee that you will make money. Some days it will feel like you have won the lottery and some days you will be so depressed that you cannot get out of bed.
My way of earning a passive income
I know that there will always be risk associated with any type of business model that you follow, but the real trick here is to manage your risk. I found that affiliate marketing is a great business model that you can use to build your own online properties that will earn you a passive income each day.
The way it works is that you need to partner with other companies and in order to earn commission you need to sell their products. This model makes it easy because you do not have to worry about customer support or shipping because the company will handle everything. You just have to promote their product and you will earn money from each sale that you make.
There is also no complicated compensation plans such as that from mlm companies and that is why I love Affiliate marketing. The nature of websites is where the passive income comes into place. All you need is a place to learn how it all comes together.