Binary Options Trading Signals
I get asked all the time about giving out Binary Options Trading Signals.
Well for me, I don't need the commitment of that undertaking. What I love about trading is the Total Freedom to "work" when I want. All I need is an internet connection and I am good to go.
If I did decide to give Binary Options Trading Signals, then I would have to make sure that I am giving them daily, so in effect creating a "job"for myself with hourly start and finish times, if you see what I mean.
Then if I felt that I had a job, I would want to get paid for it and so I would then charge for giving out my Binary Option Signals and next minute you know, I have a "job".
Which defeats the whole purpose of having a trading lifestyle for me. If you see what I mean.
I am not saying that I will never do it, as there is some really cool software coming onto the market that makes it all automated.
Of course I do have the Binary Options Room but that is where I help with explaining things and we do look at live trading and what are the good trades, but it is a Trading community chat room and NOT a signal service.
Now, I know some people like to have signals for whatever reasons and some just don't have the time to trade or watch the markets, so I have researched a few that seem to be doing fairly well and have decent feed back, but at the end of the day only one of them stood out as worth the investment.
Just remember Binary Options by their very nature are time sensitive, so bear that in mind when considering a signal provider and how the signals are delivered.
The signal provider that I am going to recommend has a fully functioning EA (robot) that will place the trades for you, so you don't have to do a thing and there is no time lag.
Binary Options Trade Signals Scam Alert
I just want to first draw your attention to one of the oldest trading signals scams in the book. What some unscrupulous signals providers will do is send out opposite signals.
So, let's say they have 100 people who subscribe to their signals for $97 per month. That means they are making $9700 per month.
What they will do as an example is send 50 people a buy signal and 50 people a sell signal.
Obviously only one of those options is going to win.
What will happen say over the course of 100 signals is that you might have some bias one way or the other or even both ways.
So, at some stage 50% of the people might be showing an 80% win rate and conversely 50% will be showing an 80% loss rate. Then it might change and the guys who had an 80% win rate might now be having a 20% win rate. It will fluctuate.
So the guys winning 80% of their trades are going to be giving rave reviews about the service and the guys who got wiped out, cancel their subscriptions.
So they need new members to take their place and with glowing testimonials from people getting 80% Win Rates, there will be no end of new subscribers.(Classic Ponzi Scheme)
Of course, these things will balance out in the end and it will average out to the true odds which is 50% probability on the outcome of a possible 2 outcomes and everybody will get wiped out in the end. It is just a matter of time.
Somewhat like flipping a coin.
Sometimes there will be more heads than tails and sometimes there will be more tails than heads, but eventually the results will balance out to the true odds or very close to them..which is 50% of each.
Now a 50% win rate with Binary Options will kill your account GUARANTEED.
Let me give you an example:
Working on a 75% payout and flat trading $100
Win 5 trades in a row = 5x75=$375
Lose 5 trades in a row = 5x100 = -$500
So win $375 but lose $500, you are going to go bankrupt.
You have to be winning more than 50% of your trades with Binary Options and use good Money Management if you want to come out ahead.
Free First Months Signals
Another twist on the above Binary Option Trade Signal Scam is they will offer you one months Free Trading Signals if you sign up with one of their recommended brokers.
What you have to understand is all these platforms offer an affiliate commission for getting new customers. If you click on one of the links to one of the Platforms I recommend and become a customer, they will give me a commission. It can be as high as a couple of hundred bucks, usually depends on the deposit amount and the number of referrals that you send in a month.
The difference here is that I don't sell anything and only recommend my trading strategies and which platforms I am having good results with. I don't care whether you listen to my advice or not, if you do and I get a commission, well great I will put it in my trading account and trade it, thanks, or use the money to build new EAs or indicators for members of my forums, but believe me when I tell you that I have probably had an account at some stage with just about every Binary Options broker out there, and there is some real rubbish out there. So, you have been advised.
At the moment I only recommend the following platforms.
Here is a list of platforms that are NOT on my recommended list for various reasons and in NO particular order. I don't want to have any court proceedings, all I'm saying is that the following are not on my recommended list. You figure it out.
Ok scratch that. I have just been advised by a friend not to name and shame as I could have some legal repercussions, but why not take a quick look at the Cypress Securities Exchange Commission Website
as that is where most Binary Option Brokers operate out of due to the offshore tax advantages, and see which brokers they are warning against.
If you see your broker listed on there, then my advice to you is to get your cash out as quick as you can and go with one of my recommended brokers rather.
Ok, let me make this as clear as I can, I only recommend the Platforms mentioned above at the moment.
So, what these dodgy signal providers will do is give you a months free signals if you sign up under their affiliate link for their recommended broker. They get their commission. Some of the more dodgy platforms payout really high commissions. be wary of anything with an X in the title. or an L in the title. just saying.
Then if the they end up showing you a profit after one month of signals, then you will surely sign up for the paid service now and if the signals turned out to be bum, you will be out of pocket, but the signal provider won't be, because he got the commission whether you won or not.
Yes, it's a mine field out there my friend. Better is to trade your own account with your own signals when they line up is my suggestion if you have the time.
Start off with my 10 minute strategy and the third one of my money management suggestion s and you will show a profit. Or better yet, invest some money into really accurate software like the Trading Predictor suite of indicators and follow how I use them here.
Recommended Signal Providers
Update - Update - Update
I am no longer recommending any signal providers at this stage.
The last guys who I was keen on, had a complete wipe-out and killed off one of my guys accounts.
So, at this stage, no signals providers in the Binary options arena that I can recommend.
Looks like I might have to do it myself.
Update - Update - Update
22 September 2015
I said that I would do the signals myself and I finally have.
It is my advanced binary options strategy with signals alerts either coming to your , phone or with a sound alert on the chart. Getting high success rates and of course it is Free.