Binary options Pros and Cons You should Know

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
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  • Binomo
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    Good Choice For Experienced Traders!

7 Binary Options

Binary options trading software is a great way to boost your trading advantage. However, you need to be aware that not all of the automated signal providers that are advertised on the internet are reliable. Some of them are even downright scams. It is important to make sure that you are investing your money with a legitimate trading system.

Binary Options Pro Signals is one of these automated trading robots that claim it can earn you thousands of dollars in just sixty scones. Can this trading system be trusted or is it in fact just another scam system? Read our Binary Options Pro Signals review to find out the truth.

Basic information:

Cost: Free
Software: 100% Automated
Max Returns: Up to 88%
Minimum Deposit: $250
Countries: All nations

  • Website is easy to navigate
  • Binary Options Pro Signals software is 100% automated
  • $14 charge for 14-day trial
  • $97 monthly service fee
  • Customer service is subpar and unresponsive
  • Customers have complained that they were not given the promised 60-day money back guarantee.

7BO Verdict:

Not Reliable Service

What Is Binary Options Pro Signals?

Binary Options Pro Signals is a fully automated trading system that claims it can accurately predict trading signals and earn users thousands of dollars within just minutes of activating their account. There is a 14-day trial offered for this system, however, you will be charged $14. After this time, should you continue to use the service, you will be charged $97 a month.

Binary Options Pro Signals boasts that it has the largest variety of trading assets available for traders and even offers a 60-day money back guarantee if you are not completely satisfied.

Okay, first of all, we feel that the $14 charge for the “trial” period is a bit much. There are plenty of other signal providers out there that offer free trials, as well as free demo accounts. Secondly, the month charge is also a bit exuberant. And as far as the 60-day money back guarantee, we read far too many complaints from traders that said they put in a request for their money back guaranteed and are still awaiting a response from Binary Options Pro Signals customer support.

How Does It Work?

Once you make your initial standard deposit of $250 and create an account with one of the brokers associated with Binary Options Pro Signals, as well as pay the $14 for your 2-week “trial,” you will be able to gain access to the trading software. As it is fully automated, you can set it up so it will automatically place trades on your behalf. Once you start to see a profit, you may initiate the withdrawal process.

However, we must point out that the majority of traders who have used this service have stated that they do not obtain any winnings with Binary Options Pro Signals. Others complain that they filed for the 60 Day Money Back Guarantee as they were unsatisfied with their service and never received word from customer service regarding their request. We feel that these factors render this service untrustworthy and therefore we cannot stand behind this trading software.

Conclusion: Is Binary Options Pro Signals a Scam?

As of this writing, we have no proof that Binary Options Pro Signals is, in fact, a down and out fraud, but we strongly recommend that you do not sign with this trading system. There are far more reliable trading systems available, both for manual and automated trading. The number of negative reviews and complaints we found regarding Binary Options Pro Signals lack of results and poor customer service leads us to believe that this system cannot be trusted under any circumstances.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

A Guide to Trading Binary Options in the U.S.

Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That’s why they’re called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition: Will an underlying asset be above a certain price at a certain time?

Traders place trades based on whether they believe the answer is yes or no, making it one of the simplest financial assets to trade. This simplicity has resulted in broad appeal among traders and newcomers to the financial markets. As simple as it may seem, traders should fully understand how binary options work, what markets and time frames they can trade with binary options, advantages, and disadvantages of these products, and which companies are legally authorized to provide binary options to U.S. residents.

Binary options traded outside the U.S. are typically structured differently than binaries available on U.S. exchanges. When considering speculating or hedging, binary options are an alternative—but only if the trader fully understands the two potential outcomes of these exotic options.

Now that you know some of the basics, read on to find out more about binary options, how they operate, and how you can trade them in the United States.

U.S. Binary Options Explained

Binary options provide a way to trade markets with capped risk and capped profit potential, based on a yes or no proposition.

Let’s take the following question as an example: Will the price of gold be above $1,250 at 1:30 p.m. today?

If you believe it will be, you buy the binary option. If you think gold will be below $1,250 at 1:30 p.m., then you sell this binary option. The price of a binary option is always between $0 and $100, and just like other financial markets, there is a bid and ask price.

The above binary may be trading at $42.50 (bid) and $44.50 (offer) at 1 p.m. If you buy the binary option right then, you will pay $44.50. If you decide to sell right then, you’ll sell at $42.50.

Let’s assume you decide to buy at $44.50. If at 1:30 p.m. the price of gold is above $1,250, your option expires and it becomes worth $100. You make a profit of $100—$44.50 = $55.50 (minus fees). This is called being in the money. But if the price of gold is below $1,250 at 1:30 p.m., the option expires at $0. Therefore you lose the $44.50 invested. This called out of the money.

The bid and offer fluctuate until the option expires. You can close your position at any time before expiry to lock in a profit or a reduce a loss, compared to letting it expire out of the money.

A Zero-Sum Game

Eventually, every option settles at $100 or $0—$100 if the binary option proposition is true and $0 if it turns out to be false. Thus, each binary option has a total value potential of $100, and it is a zero-sum game—what you make, someone else loses, and what you lose, someone else makes.

Each trader must put up the capital for their side of the trade. In the examples above, you purchased an option at $44.50, and someone sold you that option. Your maximum risk is $44.50 if the option settles at $0, and so the trade costs you $44.50. The person who sold to you has a maximum risk of $55.50 if the option settles at $100—$100 – $44.50 = $55.50.

A trader may purchase multiple contracts if desired. Here’s another example:

  • NASDAQ US Tech 100 index > $3,784 (11 a.m.).

The current bid and offer are $74.00 and $80.00, respectively. If you think the index will be above $3,784 at 11 a.m., you buy the binary option at $80, or place a bid at a lower price and hope someone sells to you at that price. If you think the index will be below $3,784 at that time, you sell at $74.00, or place an offer above that price and hope someone buys it from you.

You decide to sell at $74.00, believing the index is going to fall below $3,784 (called the strike price) by 11 a.m. And if you really like the trade, you can sell (or buy) multiple contracts.

Figure 1 shows a trade to sell five contracts (size) at $74.00. The Nadex platform automatically calculates your maximum loss and gain when you create an order, called a ticket.

Nadex Trade Ticket with Max Profit and Max Loss (Figure 1)

Binary Options Robots: Pros and Cons

Binary options robots are indispensable assistants in trading, but they also have their own advantages and disadvantages, which experts from our forex magazine will talk about

In the issues of our magazine, we constantly discuss, create and research various Forex trading robots. Currency traders are already accustomed to the fact that trading on their own with a refined and structured trading strategy does not make sense, and sometimes even interferes with good performance. That is why skilled programmers trying the binary options market apply the experience gained in automated trading, and judging by the results our contestsDo this very successfully. However, robots for binary options – not the Grail, and their use has its own characteristics.

Binary Options Robots – Software Trading Assistant

So, if we are read by market traders who are unaware of trading robots of Binary Options, explain in a couple of words what it is. In fact, advisers are a software application that completely replaces the trader in the trading process due to the algorithm of opening, tracking and closing of transactions embedded in it. Using robots in trade is very convenient in all respects: they save time in anticipation of a long-term transaction, the trader can freely leave without worrying that he will miss a successful entry into the market; they protect the nerves of the merchant and save the human factor from trade; in some cases, if the terminal allows, the strategy programmed into the adviser can be easily tested on the history and finalized based on the conditions, etc.

There is also the option of software assistants in binary options trading. They do not completely replace the trader’s work from start to finish, but only help him open a deal on time by analyzing the indicators laid down in the strategy indicators, or vice versa, help to close in advance if the type of binary option and strategy indicators showed the opposite signal. One way or another, such semi-robots work as an attentive observer and suggest the best option for working out the signal, but do not make decisions for the player. This type of advisor is convenient when the strategy is not fully developed or other than technical analysis indicators uses fundamental factors. In this case, you can’t do without the participation of a trader, therefore, fully automatic robots for binary options he, in general, is not needed.

Where to buy or download a binary options robot

How to try such a trading assistant? The answer is obvious: either download for free binary options robots on one of the specialized forums or in the community of traders, or purchase it on websites or in electronic stores.

ForTrader.org Magazine recommends that you first find and try an adviser posted on the network for free. The fact is that the use of such software applications, one way or another, requires certain skills and knowledge, therefore it is better not to risk money, so as not to buy a “pig in a poke.”

The following advice that you should pay attention to for the same reasons: if you are not at all versed in automated trading or still have little experience working with them, try its work on a demo account!

At the time of buying binary options robots, pay attention to trade statistics provided by the seller on the site or in monitoring. How to use and correctly read monitoring on myfxbook is described in great detail in one of the articles of this issue. Choose your future assistant wisely, evaluating not only its results, but also the trading style that is possible drawdown and ease of use. Read reviews on the Internet in your future purchase, if possible, talk with someone who is already using this adviser. All this will add to your confidence in future results and save you from wasting time, nerves and money.

Cons trading robots for binary options

On the Internet you can find many articles on the minuses of trade robots for binary options. Among them you can find the statement that the trader ceases to think and follow the market, losing professional skills, and the idea of ​​frequent losses of the robot in case of a change in the structure of the market’s movement, and of the deceits that sometimes await the speculator when buying third-party copyright programs.

ForTrader.org magazine experts have been engaged and specializing in trading precisely advisors for so long that all these points seem even surprising to us. See for yourself. Trading even the most autonomous robot, a trader, whether or not he wants to, looks into terminal 3-4 times a day at least, checking what is happening there. At the same time, he analyzes the transactions opened by the adviser, especially if they give a negative result. Why? Because you always want to finalize something, to improve profit. Well, how can one lose a trading skill in such a situation? Unlikely! Of course, an important condition in trading a robot is a complete idea of ​​why and at what point your assistant opens a deal, otherwise we do not recommend putting such an adviser for real money. The Black Box is not our option. Next, let’s talk about losses due to changing market trends. You need to understand that a program is a set of conditions and actions that fully reflects the essence of your strategy. The robot does not add or decrease anything, because it does not know how to do it. If you are a good trader and trade clearly on TS, then in manual trading you will begin to lose money. Yes, you may notice a glitch faster if you buy binary options yourself, but this minus more than pays off the pluses that the robot received when you, for example, were sleeping or on vacation. But deception . If you clearly understand what you are doing, then it will not be easy to deceive you. That is why we advise you to understand the free advisers for BOs, and only then switch to commercial options.

What is the result? In the end, we recommend that you use robots for binary optionshaving gone through all the stages – from training to comprehensive testing or even a programmer. Those authors who have little experience working with advisers will find you a lot of excuses not to trade programs, because at the very beginning it is really not easy. Try to overcome laziness, and your efforts will pay off handsomely.

FORTRADER magazine experts

FORTRADER Magazine is a large team of experts in trading in financial markets. Traders, managers, investors, programmers, testers, technical administrators – we all work for you every day for many years. Sometimes we write articles together, then the whole journal becomes the author.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Sign-up Bonus:

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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