SkyViewTrading.com is a rather peculiar trading destination for those who want to trade options. After all, Sky View Trading focuses on those who want to trade options (not Binary options). There are many types of legitimate options that investors can make money from – the sort of options which are recognized by the SEC.
So what exactly is Sky View Trading? It appears to be an investment platform that encourages investors to buy or sell options. Making money with Put and Call options sounds like a simple strategy in theory. However, the actual mechanism of how people make money with these assets can be extremely convoluted.
For one to actually make money with options in the long run, they’ll have to master their trading strategy which requires them to first educate themselves.
Now, from what Sky View Trading promises, we understand that they are intending to educate those who would like to learn how to make money consistently through option trading.
In addition to this, Sky View Trading is offering trading signals which come from their traders. These are shared freely among their members.
Sky View Trading offers two types of products/services. If you want the short cut to ”making money”, you can utilize their trade alert or signals service which the website claims will make you profits.
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This website claims that when you sign up for this product, you will receive every trade that is called by their professional traders. Signals are typically delivered on mobile device.
This trade alert service costs $99 per month. It comes with ”’outstanding support” just in case you have a problem and are in need of a solution.
On the other hand, Sky View Trading has an Elite membership package requiring members to part with $199 per month. They are supposed to get more than just trade alerts.
They claim that the Elite Membership package will teach users strategies that yield 90% win rate on a consistent basis.
Members are also supposed to get 4-hours worth of educational materials which explain everything about options trading, spreads and the risks involved.
In addition to the trade alerts which are pushed to members when signals have formed, the package is also giving members access to a special chatroom. Inside the chatroom, users will gain access to ”live trading videos” which allegedly teaches how the operators are trading their favorite strategies. However, there is also a hidden price of $1,999 which must be paid annually. Of course this is not revealed until members have signed up and are hoping that no extra fees will be charged thereafter.
They are a little bit transparent with the way they operate. Their About us page features two people who are believed to be the operators of this investment platform. They are introduced as Adam Thomas and Eli Grelecki. Eli also doubles up as a customer rep as he engages visitors through chat on the website as well. They are responsive both on their site and on their social media pages. Actually they score big in this department.
Another chat moderator called Christos Vasiliadis has also been featured on the site’s About us page. In addition to this, the team gives their prospective clients a clear description of the strategies which they use. The explanation seems to hold water.
Their selling points is that when they forgo stocks, they can leverage on options. Although their trading strategy sounds plausible, they sometimes make math errors here and there.
One of the trading strategies they use is called Iron Condor. They claim that this trading strategy can yield between 80-85% win rate. This is actually true.
But there is a serious setback with such a trading strategy. Profits are minimal while losses are usually big. So definitely those who use this strategy are counting on the massive odds of success which the 80% win rate affords them.
Of course this strategy can also be used with proper risk management techniques. Sky View Trading claims that they are masters of risk management and that this should not worry investors. Whether this is true or not remains to be seen.
Trust is something that should be earned and not given for free because this is an affair that involves you paying your hard earned money.
It would have probably been nice if they provided us with their trading results for the last 3 months perhaps. We would have scrutinized their trading results and decide whether or not they are really profitable.
Although Sky View Trading is not a scam at the moment, you should exercise caution because nothing can be guaranteed.
Also, getting a refund is another question altogether. If they are going to accept payment through any other means apart from PayPal, then you can rest assured that refunds won’t come the easy way.
The point is, you need to exercise caution. But if you want to be sure that you are using a service that will surely make you money, these trading companies/tools will give you just that – an upper hand against competitors and scammers who only want to eat your money.
Now that Sky View Trading does not exhibit the characteristics of a scam, it does not make sense dwelling so much on red flags. But there’s at least one question mark.
We definitely have to doubt their alleged success rate. They claim that they have been able to maintain such a high success rate on a consistent basis. That could be a lie because no trader can maintain a success rate of 85% in the long run.
And even if we use the right strategy, that success rate is simply too high to believe in.
Definitely you have to exercise caution by asking why Sky View Trading is promising their clients such a high ROI. If they can support their claims with proof, that would be good.
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