Is 3 Week Millionaire a Scam? – The Truth Revealed!!!
Name: 3 Week Millionaire
Price: $250 to Activate
Owners: Sean Wallace
Bare Naked Scam rating: 5 Thumbs Down
The Most trustworthy Investment Social Network: Etoro
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3 Week Millionaire is a product that claims to make it possible for anyone to earn millions of dollars after 21 days of using their exclusive software.
It’s a binary trading system that is designed to open and close trades within your account automatically, so you can earn money while you sleep and are away from your computer.
On paper, it sounds like the most amazing software on the surface of the planet, but upon closer inspection, the truth is uglier than you are lead to believe.
It’s obvious that you won’t be able to make a million dollars in 21 days with this program.
Unfortunately, there are a lot of people who fall for the hype and end up wasting a lot of cash, cash that could be spend on more productive ventures.
I’ll cut to the chase, 3 Week Millionaire is another binary trading scam, it provides no value to the customer, and the income claims are fabricated.
The idea is to sign-up with a trading broker, deposit $250, activate the automatic trading system, and collect a million dollars after 21 days.
Doesn’t that sound a little too good to be true? If it was that easy to earn a million dollars from binary trading software nobody would work a day in their lives, everyone would simply let their system do all the work for them.
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The problem is that even the software can’t win all the time; there is no way to predict the marketplace.
It might win a couple trades but it will lose a lot too. There is also the chance that the trading system will drain your account if you fail to set up specific perimeters (a lot of beginners make this mistake and lose a lot of cash).
If you really want to learn how to trade, I would suggest that you learn from this place.
3 Week Millionaire is a system that sells leads to trading brokers. It’s free to create an account and the website is integrated with the preferred broker company, so when you fill in your personal information, it automatically creates an account for you with the trading company.
But you will have to deposit a minimum of $250 to activate the account. Then you can activate the automatic trading system and see what happens.
In other words, the person who created this product is an affiliate for a broker, and the entire 3 Week Millionaire webpage is a system he used to collect referrals.
This is actually rather profitable (and unethical) because most brokers offer high-ticket affiliate programs, and if the new customer invests more than the minimum ($250) the affiliate will earn a bonus.
There are a lot of these scams out there, and they offer nothing of value to the customer, while the creator sits back and watches his commissions increase.
Is The Trading Software a Scam?
There are many different types of auto-traders out there, and honestly some can help traders earn additional cash, but there are plenty of scams out there too. Unfortunately, the majority of binary trading auto-traders are scams.
In order to reduce your losses, there are a few things that you should understand about these programs.
For starters, your success with these programs mainly depends on how much money you invest into the venture.
Most people will invest the minimum amount and re-invest their earnings and slowly move up from there.
But since trading is high-risk, it can be difficult to accumulate earnings. You win some and lose some, it’s random. So you’ll need to invest a lot of money to make a profit and make some progress.
Secondly, there are a lot of garbage trading systems out there, and frankly anyone can create a trading software.
When looking for binary trading software, it’s recommended to check out reviews from well-known websites and pick a product that has been proven to work. But even if you choose a legitimate auto-trader, it won’t send millions of dollars to your bank account.
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Lastly, it’s important that you understand what goes on behind the scenes. Most of these programs don’t offer details about how their system works.
You just have to take their word for it. Like most products, transparency is important, if you can’t figure out how the software works, it would be wise to keep your distance.
Does it offer customizable options? Can you select the trades you want? Or is it just a button that says “ON” and “OFF”?
Trading is Risky but It’s Fun and Rewarding…
So do I think binary trading is a scam?
No. But I do think that 3 Week Millionaire is a scam and that goes for any other product that offers the same results.
See, trading is rather fun, it’s risky and there can be high rewards. I know a lot of people who make good money from trading online (without an automatic trading system) but you have to realize that there is a high level of risk.
You might win a bunch of trades and feel like you’re floating on a cloud of success, only to have it all crumble with a losing streak.
Still, it’s fun, and if you’re interested in trading I recommend checking out a legitimate trading course called Etoro, it’s been around for a long time and it has an excellent reputation.
You can also connect with other successful traders and learn the ropes with their details training library, it has all the information that you need to get started in the industry.
But you have to accept the level of risk.
On the other hand, if you don’t want to take the risk, affiliate marketing is one path that you can take to earn a stable income. It’s very low risk and you don’t have to invest much to get started, in fact, it’s possible to get started without spending a single cent.
I would highly suggest that you can out my #1 Recommended Affiliate Marketing Training Course to get started.
However, if you are game for high risk trading, I would suggest that you check out Etoro and make sure to browse through their training materials.
High risk ventures will likely reward you with fast results, but also more losses. Low risk ventures, need time to build and the income will be slow at first, but it will increase overtime if you continue to work on your projects.
My Sincere Advice to You
Just a little background of me just in case you do not know who I am.
I have vast experience trading securities and forex, and I have a degree in Economics and Finance, so trading and investing is no stranger to me.
Through my years of experience in trading, I can say that trading is definitely risky. Image I’ve lost $3,478 in a matter of minutes and in one trade (partly due to greed and lack of discipline).
However, if you are really discipline and focus, trading can be rewarding. Etoro is the best place for you to learn how to trade, follow the best traders in the world, socialize with other like-minded traders, and make money trading. I would highly suggest that.
After years of trading, I found myself wanting to build an online business and I got introduced to this opportunity called Affiliate Marketing.
Affiliate Marketing is amazing because you can build your online business with very little upfront investment and most importantly, you can start a business based on your passion. If you want to learn more about Affiliate Marketing, click here.