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Binary Options Trading Signals Reviews
Signals for Binary options are trade alerts provided by a company, a third-party provider or an experienced trader, to other traders in the same marketplace who are less experienced, or do not have the time and opportunity to analyze the market for themselves. Unlike managed account trading services where the provider does everything on the account, the onus of interpreting and trading these signals for binary options lies squarely on the shoulders of the recipient of such signals.
Best Signals Providers 2020:
No.1 Signals Provider: Investoo.com PRO Signals
At Investoo.com we offer 100+ signals per day with a 60-70% win-rate. You can use our signals on any broker and we offer both short-term and long-term expiry. Sign up now and start receiving trading signals on all major Forex pairs now!
Other Signal Providers:
Anyone who has spent time to analyze and trade the financial markets will immediately attest to the fact that it is a venture that consumes time, effort and the whole of the person engaged in this activity. It is very difficult to hold a day job and give trading the full attention deserved. It is also difficult to learn how to trade profitably as it involves a thorough understanding of chart analysis, interpretation of news events, adoption of positive trading psychology and other factors.
As such, many people cannot put themselves through the rigors of trading and would prefer that someone else does all the hard work and deliver trading tips on where to enter and exit trades for profitable outcomes. This demand is what gave rise to binary options signals services. A product always arises whenever there is a demand for it. There is a very strong demand for binary options signals services and that is why several entities have come up to attempt to fill the needs of millions of traders in this regard.
Methods of Delivery
For binary options signals to reach the recipients, they have to be sent out by the provider in a timely fashion, using a means of communication that is instant and does not create room for delays. In binary options, a single pip can make all the difference and a wrongly timed, delay-induced entry can make all the difference between profit and loss.
The following methods of delivery have thus evolved over the years for the distribution of trade alerts from providers to subscribers.
a) SMS: Here, providers send out trade alerts to subscribers using text messages. They are fast and provide for instant delivery. A modification of the SMS is the use of push notifications in smartphones. These require the subscriber to provide either a phone number (for SMS) or to subscribe to the trade alert app (for smartphones). The disadvantage is that sometimes, network providers may have issues that lead to delays. Otherwise, this is the best system as studies have shown that most people will have their phones by their side as opposed to laptops or desktop PCs.
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b) Email: The email was one of the first avenues used to send out trade signals. However, it requires access to a PC and the internet. The trader may not be around any of these two, creating issues of timely usage of the delivered signals. Emails can also be sent to the spam folder by the mail providers, causing the trader to miss the trades entirely. For the purpose of trade alert delivery, emails are not the best method out there.
c) Website: Some providers create a members’ area on their websites where signals are then pasted and can only be accessed by those with active logins. Unless the signals have a large window of opportunity within which they can be used, it is not the preferred method.
How to Select a Good Binary Options Trading Signals Service
Many providers of binary options trading signals will claim fantastic results on their websites. However, there is no way to independently verify these claims. As such, the only weapon the intending subscriber can use is the free-trial. The free-trial period is a period where a signals provider allows the intending subscriber a few days to test the signals service. Most providers will not give this service free, but will charge a little money (between $5 and $7). Use this time to thoroughly evaluate the trading signals using a binary options demo account. This will enable you gauge the claims made by the provider and see if they stand the test. Do not sign up with anyone who does not provide a trial period.
Also look out for providers that can give out money-back guarantees. This allows the trader to use the service and evaluate returns against what is paid as subscription fees. If it is not worth it, use the money-back guarantee to get your funds back.
It is good practice to try out the first month of a signals service on a demo account. That way, even if the signals are unprofitable, your loss will only be limited to the subscription fees paid.
What is a Good Win-Rate for a Signals Provider?
In binary options trading, you need a minimum of 55% win-rate to break-even. This means when looking for a signals provider you should be looking for at least 60%-70% average win-rate.
While the majority of signals and auto-trading sites will be complete scams, reputable signals providers should offer an average win-rate of 60-70%. You should avoid anyone who claims to have a win-rate above 80%, as this is practically impossible and very likely to be a scam.
Should you use the Martingale Strategy for Signals?
The Martingale system is a popular betting system used in win or loss games such as Binary Options or Blackjack whereby a player doubles his bet if he loses a round and keeps doing so until he wins. The idea is that you’re likely to win a round eventually and recoup all of your losses.
In games or trading systems where you have a 55% win-rate or less, you will always lose using the Martingale strategy. This is because it’s a negative EV (expected value) system. Even though your so-called win-rate increases (e.g. the odds of winning a single coin flip increases from 50% – 75% after two rounds), your risk increases at a higher exponential rate. This is what makes it -EV.
However, if the odds are in your favour and you have a 60% win-rate or higher than the Martingale strategy becomes +EV. This means you’ll make money using the system than without it. We therefore we recommend using the Martingale system at least once on a losing trade where the signal provider’s win-rate is 60% or greater.
Does the Opening Price for a Signal Matter?
Yes. The opening price is important because you need to make sure you place the trade in time before the price moves out of your favour. Most signal providers will give you an opening price to take the signal. It’s important you check your broker’s platform to make sure their prices are close to the signal provider’s. Otherwise, you could end up taking trades that finish out of the money when your signal provider finishes in the money.
What’s the Best Way to Avoid Getting Scammed by Binary Options Signal Providers?
Personally I think there three main ways to avoid scams in binary options:
Auto Binary Signals Review – System by Roger Pierce
Here is a full review of Auto Binary Signals which is an automated or a manual binary signals service created by a successful trader, Roger Pierce. He claims to have developed a “superhuman” binary options trading software which made him more than $273,000 in 30 days in trades. This success was supervised by a private hedge fund. Pierce became a binary options millionaire at the age of 49.
According to his website, Pierce’s trading experience is said to date back to 1982 when he graduated from the London School of Economics, earning his trading credentials at several investment banks before suffering a major hit in the 1987 stock market crash.
Working in a hedge fund to manage their software, he was able to develop a new skill set which he used in creating his binary options portfolio. Roger’s website shows plenty of screenshots from his impressive bank accounts but does his trading system really work? Let’s find out.
Asset types traded with Roger’s system
The trade alerts issued by the Auto Binary Signals service cover all assets traded in the binary options market: currencies, stocks, indices and commodities.
All trades are based on the Call/Put binary options contract, where the trader selects CALL if the analysis shows that the asset will end the trade at a price higher than when the trade was initiated, and PUT if the signal predicts that the asset will end the trade lower than when the trade commenced.
Mechanism of operation
Pierce’s automated trading software is built on what he calls the “risk-reward stabilizing system”. This system deploys multiple indicators for trading precision, a supply-demand price predictor and a trademarked Auto Adaptive Profit Trade Technology to trade the Call/Put binary options. The system uses 5 indicators which have been custom-tweaked to suit the system and recognise and discriminate between real and fake trends.
Roger’s system has a two-step filter method:
- All indicators must align according to the system parameters
- The signal produced from the indicators must then tally with a pre-existing strategy designed by Pierce before a trade opportunity is detected.
Pierce has one slogan which sums up how his automated binary options signals service works:
“It is about being in the right market at the right time and in the right direction.”
Unlike binary signals by Vladimir or other live trading sessions where users need to be glued to the screen and copy a live trader, here a user can follow the simple trade instructions at any given time, 24/7. All it’s really needed to follow Roger’s Autobinary signals is access to the Internet with at least 2MB download connectivity.
Auto Binary Signals format
Traders are expected to log in to the members’ area of the website where the assets to be traded, the signal expected, expiry time and other parameters are displayed clearly in a table. When a signal comes in, it is clearly shown in an easy to understand format.
The signals come with an audio alert and with a countdown timer, which shows how much time is left on the validity of the signal. Once the timer winds down, the signal is no longer valid. If the signal is still valid, the trader can then head over to the trading platform and execute the signal on the chosen asset. There is a tab on the signal table which allows the trader to choose the expiry time. On the asset list, a light bulb sign appears on signals on other assets which are still valid.
The percentage displayed beside the trade direction shows how assured the signal is: a higher number shows that the probability that the trade will end as predicted is high, while a lower number shows a lower probability of success for the signal in question. The calculations take into account five custom-programmed indicators.
You can also click on the Details button next to each asset to get more information about the signal and see the actual chart showing the price action with aligning indicators. You basically see the reasons for the trade direction and as such you can participate in the decision process and/or learn from the technical analysis.
Below is an example of a new trend with a signal accuracy of 85%. You will notice that 4 out of 5 indicators are green and there is a tick next to them. Green means that these indicators recognize the trend whereas the yellow means this indicator does not see it, hence the signals shows only 85%.
In this example below you can see what the signals looks like when all 5 of the custom indicators recognize a trend. The signal’s accuracy shows 93%. The reason it shows lower percentage than 100% is because the trend could still be stronger. Roger’s automated calculations and algorithms go well beyond the scope of this review but we would recommend, especially to novice traders, to only follow trends above 90%.
Screenshot of Auto Binary member’s area
Roger’s Auto binary signals are completely color-coded. Green is for signals which are still fresh and ongoing, yellow is for signals which are ending or winding down and are not as valid any more, while grey is for expired signals. It is recommended to pass over signals with only 1 minute left on the countdown timer. The timer is an important feature as it informs you of the signal’s remaining validity.
Autobinary signals can be easily used by novice traders, as well as, those who are more advanced. Having more information in the Details section one can really see and appreciate how the accuracy percentage is calculated.
View a short video of how the system works in the member’s area
Few words about broker affiliation
Traders can use any broker they want with Auto Binary signals. It is quite refreshing to have this options right from the start as many signal services try to force their subscribers into using a particular broker they are affiliated with. If you’re already with a broker you like there is no need to switch to a new broker and you can start using the signals straight away. In case you are not currently trading with any broker please visit our broker comparison table here.
Profitability of Roger’s Auto Binary Signals
Pierce claims that the minimum risk and the maximum returns model of his trading software ensured the profitability rate above 80%. We tested the signals but only traded on the signals which were above 90% when all 5 indicators were green, meaning they all recognized a trade opportunity.
We tested the signals for a month and got the following results *
- Signals received: 62 signals
- Signals Won: 52
- Signals Lost: 4
- Neutral: 6
- Performance rate: 83.87%
* Please note that past results do not guarantee or indicate future results
What to consider before using Auto Binary Signals
Before investing your hard-earned money into these signals please be aware that they are semi-manual. This means that you as the trader still need to actually trade the signals on your broker account.
Although the Auto Binary signals are displayed in a very clear, concise and colour-coded manner the trader still needs to choose the signals which to trade, so there is a basic decision process that a trader still needs to make. Some may argue that as an advantage because they believe the ultimate decision should always lie with the trades as he/she are trading their own money, so that responsibility should lie with them.
The signals may show anywhere between 80%-100% accuracy but if you wait for 100% accurate signal you might be waiting quite a while. Roger recommends following signals with an accuracy rate above 80%, but we think 90% will be much safer.
It’s better to trade less but but with higher accuracy, this especially rings true with binary options where you can lose your entire trade amount.
Pros of using Roger’s Autobinary Signals
- You can use your existing broker to trade the signals. There is no discrimination on which broker you may or may not use.
- The signals are for short term expiry times 1m-5m and 15m-1h. With this signals you can trade accurately various expiry times, short term 1-5 minute trades, as well as over 1 hour.
- 60-day money-back guarantee. Sixty days is a long time to test any signals quite thoroughly. Not many providers can match this offer.
- Proof of signals’ profitability updated on a daily basis. You can see the proof on their website. This really attests to the high transparency of the company’s service.
- There is no learning curve. You really don”t need to have any trading experience to use Roger’s signals. You only need to know how to place a trade with your broker.
- No software to install. The entire signalling system is fully accessible online via a password protected website. Upon purchasing the login credentials are provided via email.
- No market analysis to conduct. There is literally no need to look at any charts and analyse the markets. It’s all done for you in real-time showing only the best trading opportunities.
- The signals are very easy to follow. After receiving a signal all you need to do is to place a trade with your favourite binary broker.
The support team on Auto Binary Signals can be contacted in two ways:
- Use of the online contact form on the Customer Service page of the website.
- Via email: [email protected]
The costs of signing up to Pierce’s Auto Binary Signals
Autobinary signal service is probably one of the cheapest in the industry. Traders can purchase access to Pierce’s trading software for a single payment of $97 (there are no monthly charges), and additionally choose to access additional training and strategies provided by Roger. There are various payment methods available including Paypal or credit cards and Pierce also offers a full 60-day Money Back Guarantee, which really takes out all the risk from buying and trying out his automated signals.
Perhaps the most interesting aspects of this particular signal service are its ease of use, accessibility and high profitability levels between 80%-85% when all indicators are in the green. Roger’s Autobinary Signals also allows traders to use any broker they like without imposing a specific trading platform on their users. (It’s always nice to have additional options when it comes to brokers.) The custom indicators have been tweaked to produce consistently good results and in our opinion access to this online software is definitely worth your time and the investment. As it is currently priced at single payment of only $97, and there are no monthly subscription fees, we believe it is one of the best deals out there when it comes to professional binary signals.
We hope you found this review helpful and wish you all the best in trading. Remember to test the signals on a demo account first.
Recommended Signals and Automated Trading Services
If you have searched the internet looking for the best binary options signals or automated trading software you have reached the best reviews site. Our staff has spent countless hours testing and investigating a wide spectrum of apps and Autotraders, all of them boasting amazing results and top performance. Similar to other things in life, it can take a while until we fully understand what is the best performing software, and it may definitely be a lengthy trial and error process.
In this context, we really focused on weeding out the scams and sub-standard software, while showcasing the premium ones only. We have set high standards in regards to transparency, customer service, reliability, accuracy levels, and ease-of-use, and we do not feature more than a hand full of systems since we believe in providing the best possible services for our members and viewers.
Fact: Binary Scam Alerts Does NOT endorse, recommend, integrate with, or in any way associated with ANY binary options brokers or any type of binary options trading. All of our recommended systems are integrated with tested and highly reliable Forex or CFD brokers.
So, here’s a bit of background in regards to binary options signals. There is a plethora of systems out there such as binary options pro signals, auto binary signals, Optionbot, and Winning Binary Signals. Some are free, while others will charge you a monthly fee and allow you to partner with a broker of your choosing.
If you are new to options trading you must first understand why signals have become so popular among traders. To illustrate, if you are just starting out and are clueless about how to proceed and trade optimally, you will be looking for professional tools that assist you. Signals are utilize their technological infrastructure to produce suggestive indicators in regards to a certain contract types or options. To illustrate, if you have just funded your trading account and are deliberating on how to actually getting started, you will need an auxiliary tool to augment your trading strategy and recommend an optimal entry or exit point. Professional signal services will factor in candlestick analysis and actually show you why a certain position has been chosen and the anticipated or projected accuracy level.
Factoid: In order to fund a trading account with the minimum deposit amount ($250) some brokers (not all) may require a phone verification process so you will need to answer the phone to qualify for this benefit.
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As mentioned previously, a suggestive format for signals is very popular and depending on the provider it can prove to be extremely effective. It is important to emphasize that unlike Autotraders, the way the signal is presented to you is critical and directly influences your ability to succeed. For example, if you are getting signals via Mail, you must understand that there is a delay from the time you get it until you purchase the contract, and that delay can have major implications in your ability to become a successful trader. The more advanced systems offer a dashboard and allow you to choose your own broker, this is very important since eventually you will be paid by the broker and not by the owners whose system you are using.
One can’t overemphasize the importance of being able to copy and execute trades effectively. It is worth mentioning that there are a lot of fake demo videos out there showing inflated figures, this is done when the broker provides a test or demo account with an artificial balance for promotional or educational purposes. It is a practice widely used by video bloggers, and people who have amassed a substantial balance will not be so eager to share this information with the public and actually expose themselves.
Technically speaking, the whole idea of signals is to allow novice day-traders reach the level of proficiency or expertise knowledgeable traders have by reducing the learning curve to a bare minimum. So instead of actually learning how to trade, you would need to learn how to operate the system (well at least in theory). The idea sounds good but when ever I tried to cut corners and take short cuts in life I ended up paying a very high price. This doesn’t mean signals won’t work, but it does mean you can’t just disassociate yourself from the rest of the world and copy the signals like an ape. Sometimes things happen, for example if you are trading the EUR/USD and the FED comes out with a statement on interest rates, or it is Tuesday and the Non-Farm Payrolls are being announced by the Bureau of Labor Statistics you better stay tuned and be bright-eyed and bushy-tailed because these things have a significant effect on investor psychology and market supply and demand forces.
The idea of reaping substantial revenue without investing time, energy, or significant amounts of money is a bit naive and potentially dangerous. Starting out with $250 will teach you an important lesson in life, but I’m not sure about actually profiting since you will need a money management strategy and if you absorb a few losses you can find yourself in a position where you can’t bounce back due to lack of capital.
Mirror Trading and Copiers
The entire concept of copying trades by top performers is a bit misleading. Many brokers offer the “Follow Me” feature and while it seems really convincing this is very deceptive since the broker is actually removing its accountability and can always say “well, it’s not my fault you copied him”, and of course their claim would be justified in a case like this. So the question remains, why would a broker offer this system to traders if it insulates them from assuming responsibility for losses incurred as a result of scam software? The answer is in the body of the question, so a bit of prudence is required when being offered “Follow Me”.
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The advantages of automated trading are obvious, however the pitfalls are less evident. The problem is that when you set things on autopilot mode you have no control over your capital and no ability to intervene, unless you turn off automatic and shift to manual trading. One of the many issues we had with these apps is that they are almost all SCAMS, and we have written about this extensively. Particularly vile and deceptive were the Amissio Formula, Drexel Code, Millionaire’s Blueprint, Free Money System, My First Online Payday, Push Money App, TrianaSoft, Channel Ranger, Insured Profits with Dave and Ginny, Citidel LTD, Centument, and Tauribot. They are all based on the same technology and have been designed for the soul purpose of fleecing your wallet in a very effective and elegant fashion. Let there be no room for misinterpretations or misunderstandings, the people behind these apps are NOT your friends and they don’t want you to be successful day traders. You should not view these systems as potential secondary sources of income either, they are wolves in sheep’s clothing and disguised as legitimate software, which makes it that much more dangerous.
Did You Know?
Most traders fail to execute successful trades because they don’t understand how to use the systems they are paying for. Sometimes simplicity does not guarantee success, and contrarily a complex system can perform better once you understand how to use it. The point is, most people don’t have the luxury of making too many mistakes and the learning curve needs to be cut down to a minimum. Some believe paper trading on demo accounts is the risk-free way to practice trading, however demo mode has been known to be rigged and when you are on a winning streak on demo you can assume that it’s just another way to sucker you in unless you are dealing with a fully regulated broker.
Some service providers will charge you a monthly fee, while others may offer it for you as you fund a trading account through their links. Either way you will receive some type of access if you follow their instructions.
How to Choose the Best Binary Options Signals Service?
Many binary options trading signals providers boast ITM ratios of over 90% with their systems. However, you will need to check, confirm, and validate these claims since anyone can pretty much say anything online and away with it. So some products will give you a free trial or demo, it’s fine but you are still exposed since crafty marketers that are technologically savvy can manipulate the outcome of the trades and produce fake results. At the end of the day you will need to take a risk, there is no avoiding it. You will need to partner with the right program and based on your understanding, life experience, and honest system reviews it’s possible to profit trading binary options online.
This business is considered high risk, and many vendors will have a no cancellation and no refund policy. This seems a bit shady or unethical, but many people don’t follow instructions and then ask for their money back, and that is also not fair. Disregarding or not following instructions is quite prevalent and can be counter-productive and even detrimental to your success.
Trading Tip: Just like every niche in the internet or brick and mortar businesses, some tend to be better than others. Why is that? Well, it may be that some vendors have a more robust technological understanding, while others understand the actual trading side of the business better and how to profit. Just remember the criteria mentioned previously when searching for the best service, and in this context we highly recommend bookmarking our recommended section and checking it periodically since we constantly update our systems which answer to all the requirements we are looking for when searching for reputable signal providers.
Always remember to do your due diligence and research properly, this can’t be overstated and will save you a lot of grief and frustration in the future. It is particularly important to be involved in the broker selection process. If you are being put in a position where your broker is being selected for you, make sure to check it out before investing.
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Learn How to Identify the Best Binary Options Signals Services
Don’t believe the hype! Many day traders are bombarded with SPAM Email messages that lead them to dubious websites promising to make them millions at the click of a mouse. There is no secret or holy grail of binary options which will be given to you for FREE, and I hate to be a wet blanket but becoming a millionaire takes a lot of hard work, sacrifice, talent, and complete dedication. If anyone could do it then there would be a lot more rich people on our planet, so the obvious conclusion is that it’s a scam.
Do your due diligence properly and become an effective researcher. The more scam reviews you read the more you will understand what you are getting into. Just remember that if you see too much uniformity in content there is a problem. It’s not possible that everything is fine and dandy because there will always be issues and disagreements about certain products and how they are performing. If it all looks and behaves the same, you may be looking at fake reviews designed to bait you into registering and funding a trading account through a certain recommended broker. Look for diverging opinions and open discussions, sometimes the systems that are not heavily publicized will do a much better job than all the hyped up auto-traders.
Test the customer service levels: If you send an email on Sunday don’t expect an immediate reply, but the time frame should be reasonable. A responsive support desk is a very strong indication you are dealing with a solid, safe product. Also check to see if the response is professional and is written in a clear and legible format without grammatical errors. Sometimes these kinds of mistakes will tell you if you are dealing with an offshore operation or someone who offers a professional service.
As always, when encountering new binary options trading software in the form of Apps, Copiers, Signals, or Auto-traders, please make sure to check out our investigative scam reviews before investing, and don’t forget to join our Facebook group and Subscribe to our YouTube Channel.
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