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Options Made Easy (OPE)
If you're reading this review then you probably saw the Options Made Easy infomercial on television or you attended a free OPE seminar in your local area. Before you spend the $2500 to $6500 I suggest you read this.
One of the most troubling things about Options Made Easy is it has no documented track record. For this reason I contacted the company and asked for one. I was told that Options Made Easy is only a tool, an educational product to help with the decision-making process. "Why then are they demonstrating this system as a way for people to create financial freedom, I asked. That's when the sales rep went very quiet. "What about the people who are depending on this system to quit their jobs or supplement their retirement income?" Again there was silence... To be fair, the OME system is based on sound technical indicators that have been used for many years. Moving averages, converging lines and indicators are common place. The only difference is that systems like this must be used with other indicators and even then a strict risk management regimen must be followed.
My sources report that many seasoned traders are up in arms about Options Made Easy because not enough has been said about the most important rule of trading stocks, funds or commodities. That rule is risk management. Risk management is where you have the training to know when to cut your loses before they get bigger, as well, not to cut your gains too short as well. In other words know when to pull the plug and when to let it run!
Options Made Easy is shown as an oversimplified piece of software that magically tells its user when to buy and when to sell. It claims to do this with "Proprietary Algorithm Lines" (these are two converging or crossing moving average lines) I canvassed all the popular stock-picking forums to see if I could find someone that was having good results with this system.
Out of seventeen replies, eight seemed valid. Of the eight, three had sold their package at auction, three had never loaded the program, one was waiting for a reply from customer service and one had made $326 on a trade but lost on four others. I don't recommend Options Made Easy. After examining and testing hundreds of money-making opportunities and work at home programs, ONLY ONE brought in a paycheck that covered all my monthly expenses. |
