Welcome to my Money Press Method review. Can you really make money online with Preston James and his “weekly paycheck” method, or is this just another scam you should avoid?
Here’s what you need to know. The founder of this training identifies himself as someone that can smell opportunity even when the odds are stacked against him, and he is not afraid to take big risks.
Does that mean that you have to do the same if you want to see any kind of success with the Money Press Method? Definitely, yes.
It’s important to understand that many make money online training programs have affiliate structures in place that reward people when they recruit others.
That’s why I’d like to point out that I’m not a promoter of Preston James or any of his products, so don’t expect a thousand low quality bonuses for joining through my links.
By the time you’re done here, you will know exactly what you’re getting into without any hype or exaggerations.
Ready? Let’s get started…
Money Press Method Review
Product Name: Money Press Method
Product Owner: Preston James
Product Type: Make Money Online With Option Trading
Product Price: $7
Overall Score: 50/100
Recommended: Only If You Like High Risk Investments
Summary: The Money Press Method is Preston James’ guide on making money online with option trading.
Apparently, he has learned how to harness the power of weekly options using a newly found method that Preston likes to call the Money Press.
His sales video is pretty convincing. From easy implementation to making consistent income without any extra added risk.
He even goes into his online trading account to show us his earnings.
Is he for real? It sure looks like it.
However, here’s what you won’t hear on the sales video. Despite all of the so far mentioned claims, NO ONE can predict the market, and unless you have a decent sum of at least $10,000 to invest in this venture, even if you do end up on the winning side, you won’t be taking home that much money.
It’s a high risk reward type of thing. If you don’t feel comfortable gambling away that much money, you can see this cost effective alternative for starting an online business below.
- Money Press Method Review
- What is Money Press Method?
- Is Money Press Method a Scam?
- What’s Inside Money Press Method?
- What I Like About the Money Press Method
- What I Don’t Like About Money Press Method
- Is There a Better Alternative?
What is Money Press Method?
It’s a guide on options trading. Anyone that buys the Money Press Method will get a physical book and two DVD’s created to teach people how to make money online in this industry.
More importantly, it’s a low ticket product designed to convert a visitor into a customer, otherwise known as a tripwire.
Preston James seems to think that his guide is the last way to create and grow wealth in the market today. The problem is that “today” was over 4 years ago, and here’s what I mean by that.
As part of his sales video, Preston gave us an insider look in one of his trading accounts to prove that he is actively involved in the industry, not just another online Guru that only pretends to know what he is talking about. My immediate impression was that this was way back in 2017.
In other words, he is either too busy to add a more up to date inside look into his profitable accounts, or they aren’t as profitable as they used to be. If that’s the case, then you should think twice before listening to any of his advice.
What is Option Trading?
Option Trading is a business model with high risks and big rewards potential. You can win thousands of dollars in a matter of minutes, even seconds. At the same time, you can lose thousands just as fast. One thing is for sure.
Option Trading is NOT for the faint of heart. It’s also not for people interested in earning a full time income online without risking a lot of money upfront first.
Since no one truly knows when a stock will go up or down, the entire business model is based on people’s assumptions more than anything else.
According to Ally, Options are contracts that give the owner the right to buy or sell an asset at a fixed price for a specific period of time. It can be for a short period, or it could be for years.
The term call option is used when someone buys a stock for a set period of time for a specific price. A put option allows people to sell a stock for a specific price, within a given time frame.
Option traders rely on the Greek alphabet to reference their predictions of stocks.
Is Money Press Method a Scam?
No, Money Press Method is not a scam. However, it seems that it hasn’t been updated since it was first created, way back in 2016 -2017.
The first 20 something pages are more or less fluff and James Preston’s background story, so don’t expect to start learning new things straightaway. The essence of this guide is in between the 20th page and the 47th.
After that, you will be pitched the Weekly Options Windfall insiders program, which is a high ticket program that offers a bunch of additional stuff that can help you with your options trading.
If you’re a complete beginner, with no prior experience in option trading, you can definitely learn a thing or two, but in all honesty, you can learn the things taught inside for free on platforms like Youtube and Google.
Making money online doesn’t have to cost you thousands of dollars to get started, and you don’t have to make high risk investments if you don’t want to. If you prefer a safer, more sustainable, and reliable approach, then you should see this below.
What’s Inside Money Press Method?
The introduction inside the Money Press Method starts with Preston James talking about how he declined to open a franchise restaurant in his city because it was too hands on.
He did not want to be present at a ton of meetings, deal with a bunch of different people, and he didn’t want to deal with all the headaches that could potentially arise after opening up a restaurant.
Then, he goes on to explain how he is better than that and how with the Money Press Method, you could be “running circles around people” and making more money with just 1 tenth of the calculator’s predicament.
Below, I will summarize everything there is to know about the Money Press Method so that you know exactly what you’re getting.
The 80/20 Rule
According to this guide, 80% of the trading volume is pushed by big corporations and investment firms, and the leftovers (20%) are for everyone else in the game.
In other words, you will be fighting amongst thousands of other independent investors for 20% of the market’s share.
According to Preston James, there is a way to turn this around in your favor, and that’s by, you guessed it, utilizing the Money Press Method.
Buying in Bulk is Cheaper
Option traders make money by buying option time in bulk and selling it later on. To make things clearer, Preston James uses Netflix as an example.
If you buy a 6 month option, you stand to win more than 3x compared to buying a 1 week option.
In other words, the more long term you think, the higher your chance of making more money get. Naturally, nothing is guaranteed in this business, but to make it worth your while, you are advised to invest in long term opportunities.
Collecting Weekly Tolls
Money Press Method’s guide states that options closest to expiration attract the most interest and volume.
That’s why you have to take advantage of it. If you can start selling them, you could potentially make a lot of money because a lot of people would want to buy them.
That was one of Preston James’ biggest breakthroughs. According to him, four weekly option premiums will bring double the income than 1 month premium options. You could potentially make double the income with no extra added risks.
Money Press Mechanics
Here’s how the mechanics of Money Press work. There are two kinds of options, calls, and puts. They represent bought or sold options.
To protect yourself against loss, you can implement something known as option spread.
If anything goes wrong with your trade, you could automatically stop any losses, and save your money. Preston James refers to this as the “sleep like a baby” process.
The 7 Street Smarts for Earning Maximum Money in Minimum Time
In his many years of trading, Preston James has learned to predict the market cycles. It’s been going through a series of semi predictable events since its inception, which is why he can predict the outcome of a stock ahead of most people in this industry.
You should look out for stocks near their moving average. That way, you can make an educated guess if they will go up or down.
Then you can track the crowd reaction of earnings. The fourth thing you can do is keep track of uprising industries, trends, and markets.
Then you have the newcomers. If you can keep track of all the new players in the market, you can make assumptions whether they are worth investing in or not, based on previous performances in new companies in the same niche.
You can also watch for breakouts to new 52 week highs. Finally, you can see how the crowd reacts to news related to your industry.
What I Like About the Money Press Method
1. You Can Learn New Things as a Beginner. For those just starting out, this can be a good resource for education. Most of the things can be acquired free of charge, but if you want to save time on research, you can have everything you need to get started handed to you on a silver platter.
2. Preston James is Experienced. He’s been in this game for over 20 years, which means you can definitely learn from him.
3. You Could Make a Lot of Money. If you don’t mind high risk investments, you have a real chance of making a lot of money with this method.
What I Don’t Like About Money Press Method
1. It’s Expensive to Get Started. If you want to stand a chance of making real money online with this business model, you need to invest at least $10K and hope for the best.
2. It’s Risky. If you can afford to lose a lot of money, then you can leverage this business model. If you can’t afford the risk, then you should probably stir away from Money Press Method and option trading in general.
3. It’s Not The Best Business Model for Beginners. If you want to start a profitable online business without investing a ton of money upfront and without risking that much, there are better ways to do that.
Is There a Better Alternative?
Yes, I think there is. For some people, dabbling into the world of option trading is perfect. As long as you know what that means, it may be great for you.
However, I don’t think that risking 5 figures or more for the opportunity to make a lot of money is a great way for beginners to start an online business.
I think that there are better ways to become successful without breaking the bank and without risking going broke.
My favorite business model is affiliate marketing. That’s when you promote other people’s products and services and earn commissions every time someones makes a purchase thanks to your efforts.
If you’re interested in learning how to help people find what they are looking for online and make money at the same time, you should see this cost effective alternative below.