Are you looking for a Money Press Method review? But you may wonder if it is a scam.
Interest in investing and trading on the stock market is currently growing. Despite widespread opinion to the contrary, the vast majority of stock traders are young adults from the middle class.
The widespread acceptance as a financial instrument stems from the fact that investing money in the market usually yields better returns than depositing it in a bank. It’s also more accessible because you can get in with as little as a single dollar.
Of course, a little cash is not enough to start trading stocks. Good knowledge, a solid trading plan and most importantly a positive attitude are still necessary.
Because the cold reality is that you can not expect to always come out ahead in the stock market. You could lose more money than intended if you can not handle this setback.
In other words, this is where the Money Press strategy comes into play. The course promotes itself as something you should do if you feel the urge to learn more about stock trading and investing.
As a disclaimer, I’m not affiliated with Money Press Method. It means I’m not paid to write this review. So you can be sure that my words are unbiased.
At the end of this review, I’ll also tell you a better alternative that has enabled me to make a full-time passive income online.
In this Money Press Method review, I’m going to cover the following.
What Is Money Press Method?
The Money Press strategy is a blueprint for making money regularly in the stock market. Options trading is the focus of this comprehensive manual.
For those who are not familiar with it: A stock option (or “option” for short) is a legally binding agreement between two parties that gives the buyer the right, but not the obligation, to purchase shares of the issuer’s stock at a specified price and within a specified time period.
If the price of a stock you own goes down, you do not lose all the money you have invested in that stock because of this “insurance”
Options trading works similarly to stock trading.
According to the book’s description, the author reveals a foolproof method for making a fortune in options trading. The author calls this strategy, unsurprisingly, “Money Press”
The Money Press Method is a comprehensive guide to options trading, but it can also be used for stock trading.
Note, however, that this method is not for beginners. This book does not teach you the basics of stock or options trading like other online courses such as The $1,000 Club, HighStrike Trading, or Prosper Trading Academy.
This book assumes that you have some prior knowledge of stocks, options, and the stock market. For this reason, it can be a little confusing.
Also, trading options can be just as risky as trading stocks because of its inherent volatility. The unpredictability of the market means that even with guidance like this, you will not be able to generate a consistent amount of income.
Who Is Preston James?
According to his biography, the inventor of the Money Press Method, Preston James, is a person who sees opportunity in the face of adversity.
The franchise offer was too troublesome for him, and since he did not like attending meetings or talking to people, he turned it down.
James Preston then developed an options trading business plan that required only a modest initial capital investment and included a number of freebies.
His Money Press Method covers a wide range of topics including options trading, weekly options, options trading, stock market information, making money on the Internet, the Money Press or Press Method, and much more.
As the owner and developer of the Money Press Method, he is completely open with his guidance on how to make money continuously by showing how he earns via video.
Does Anyone Make Money Trading Options?
The Money Press Method Options business model/method can help you make a substantial income with online options trading. This is more of a framework than a business model.
Options brokers could make more money if they also bought and sold options. With options, you can profit from both rising and falling markets.
How Does Money Press Method Work?
If you are entering the world of options trading for the first time, the Money Press method can present some unique challenges. Therefore, I will do my best to make it easy for you, the reader, to follow.
When using the money printing machine strategy, you should actually consider two alternatives. The first alternative you will sell is called a “weekly option” and is renewed every week. The other option is a “hedge” against losses that can be used in a long-term investment.
Option spreading describes a technique that is often used by option traders.
If you buy your weekly options in bulk, the cost per option is much lower than if you buy them individually, as described in the instructions. You can also learn how to make money with this strategy here.
Most options traders prefer weekly options because of their frequent expiration and low volatility. Moreover, by selling weekly options you can make a profit because of the premium associated with them.
This is the basis of the Money Press strategy. However, some experienced options traders might recognize the approach. And for the most part, that is the case.
Preston James has merely renamed the more widely used Poor Man’s Covered Call the Money Press Method to appear more impressive. This achieves the same functional purpose.
What’s Included in The Money Press Method?
There are two DVDs and a manual that guide the Money Press method. The materials provide an overview of the process and instructions on how to implement it.
Few of the first pages of the book deal with anything other than Preston James’ professional and academic activities. In particular, he was asked how he got started in options trading.
Even the fact that he was once approached about starting a franchise for a particular restaurant is mentioned. At one point, he thought about giving in.
However, after figuring out the price of the franchise, building and maintaining the shop, employee salaries, and other related costs, he decided it was not worth it.
He says he can make as much money with his Money Press method as he does with restaurant franchises. And he does it all without stress, anxiety or lack of rest.
The book then moves on to explain the mechanics of the Money Press method and its success. This section is not for those new to options trading or the stock market. To get a feel for what options trading entails, the book recommends readers go a few pages further (about why he loves options trading).
How Much Does Money Press Method Cost?
The Money Press Method guide, consisting of a book and DVD, is available for $7 on the official website moneypressmethod.com. This guide originally sold for $79.
He also mentioned that shipping is on the house.
Who Is Money Press Method For?
There are people who are not good candidates for the Money Press Approach. Always consider how risk averse you are before deciding on an investment strategy.
Only those who can handle a high level of risk should participate in this program.
People who look forward to making a lot of money quickly and aggressive investors are ideal for this form of money making because the greater the risk, the greater the potential return.
What I Like About The Money Press Method
Whether you are interested in options trading or stock trading, the Money Press method will help you get started.
You will learn a new approach to options trading. And that’s helpful if your goal is to maximize your profits.
An added bonus is that the author is qualified to write about this topic. You can trust his advice in this guide because he has more than 25 years of experience in options trading.
What I Don’t Like About The Money Press Method
The author has obviously not bothered to update the book itself regularly to reflect changes in the stock market. Therefore, you may find that the information here is no longer relevant.
This is not to say that the technique cannot be successful in the modern stock market. However, it may now be less efficient than first thought.
What training methods are taught in this manual have been done before. At first glance, it might impress you because it is new and different. However, upon closer inspection, it turns out to be quite similar to the rest.
Although the strategy can be helpful, it is not essential for options trading. In fact, you can educate yourself with other free resources on the subject just as well as what is presented here.
The fact that this guide does not focus on actual education makes these topics all the more understandable. It seems likely that the Money Press Method guide is really just a long advertisement for the author’s expensive online course, Weekly Options Windfall.
Is Money Press Method A Scam?
I cannot say Money Press Method is a scam. You can certainly profit from it, but it’s not quite as simple as Preston James would have you believe.
Anyone considering buying a financial product should be aware of the significant risk involved.
While it’s not impossible to make it to the big leagues and retire on a vineyard, the road to get there is so fraught with danger that it could cost you a decade of your life, if you make it at all.
One of my close friends is a copywriter for a world leader in financial advertising… In other words, you can take it from me that the “amazing” statistics they tout in their ads and on their websites are exaggerated at best.
What you do not read about are the dozens of unsuccessful bets and trades that preceded the big win.
Most people can not maintain their emotional reserves with defeats for three months straight before (ideally) making a big win.
Money Press Method Review: Final Verdict
I have a few more thoughts that might be useful before concluding this evaluation of the Money Press method.
Allow me a brief summary. If you are interested in trading stock options as a means of supplementing your online income, the Money Press method might be of interest to you.
However, you should be aware of the dangers of day trading and the stock market in general.
There is no guarantee that you will make substantial and consistent profits trading stocks, even if you follow the recommendations in a manual or online course. There is no foolproof way to trade, not even with techniques comparable to VantagePoint.
My advice is to get started in the stock market by reading a few articles and making a few small investments. If you want to make money, do not bet everything on trading stocks, options or cryptocurrencies. Instead, focus on a small number of investments and try to hold them as long as possible (until the situation requires you to sell them).
In my opinion, there is still a more efficient way to make money online. In most cases, all it takes is a little know-how and a small investment of cash.
Best Alternative to Money Press Method to Make Passive Income
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Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
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