Hello and welcome here on my blog about binary options trading! Keep on reading for my binary options broker reviews and detailed information about binary trading strategies, basics & tools!
My Name is Ben and I´m trading since the end of 2009 binary options and forex! After many setbacks, I finally found a few good pieces of information helping me to succeed with binary options trading!
Here on this site, I will share my binary options reviews and experiences, as well as my trading strategies, templates, and many tips and tricks about binary trading!
If you need any assistance, ensure to contact me through Facebook or write a comment here on this site, I will do my best to answer your questions ASAP.
Learn To Trade Binary Options
Before you start trading binary options, ensure to browse this site and other sites like my Youtube Channel in order to get the needed knowledge first! Ensure to follow the steps below to start binary options trading the right way :
Get the Knowledge — Ensure to first learn about binary options, chart analysis, trading strategies and so on before you start trading! You can find good information here on this site, inside my Youtube Channel, or on my Facebook Page by clicking here for example!
Get a Demo account — Never start trading binary options or anything else with real money! Ensure to get a demo account (You can trade inside a Demo account at Pocket Option!)
Start With Small Position Sizes — After trading some time inside a demo account (I´m talking about a few weeks, at least 1-2), you can start with small positions inside a real account! Always start with the lowest trade amount possible. Trading with real money is always different from trading with fake money!
After you see that it is working for you with real money, you can start to slowly increase your position size till you reach your money management amount (Trade never more than 5% of your overall capital in a single position)!
Check out my Binary Options Signals Section to learn more about trading tools for binary options!
Join my Facebook Page as well as my Group on Telegram for more information!
Binary Options Broker Reviews
Here are the top binary options broker you can choose from, depending on your country of residence and the features you are looking for! Watch this video (Switch on subtitles) learn more about my favorite broker for binary options!
Attention: All broker here were tested by me in the past, read my full review to find out more about the details!
Binary Options Broker #1 — Pocket Option
(US Traders are Accepted) — This is another interesting broker I´m using daily. Pocket Option is easy to use and many cool features like tournaments, pending positions, Forex trading and much more. Pocket Option is the only binary options broker I know providing more than 40 cryptocurrency assets to trade, as well as many currency pairs, stocks and much more.
Pocket Option also runs interesting Bonus and Reward offers you may want to take a look at! Pocket Option (read my Review) offers by far the highest returns in the industry (Up to 98% for an In the Money position)! Pocket Option is great if you want to trade with low amounts and short-term binary options! Pocket Option is regulated by the FMRRC !
Attention:Use this link and start trading with pocket Option to get a 50% cashback paid from my Commission (50% of my commission will be paid to your account) … Click here now and sign up! (Make sure to delete your browser cookies first)!
Best Binary Options Brokers 2020:
Best Binary Options Broker!
Perfect For Beginners!
Free Trading Education!
Free Demo Account!
(Does Not Accept Trader from US Countries) — Finmax is my first choice when it comes to binary options and CFD trading (As I´m a European trader). The user interface is working well and fast. Finmax offers some nice charts including some useful tools to analyze the market and make good trade decisions.
Many other binary options broker reviews about Finmax are also showing the popularity and overall quality!
Finmax is Regulated by the FMRRC! You can watch the Video below for a Finmax Review from me :
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.
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:
Signals Review: Binary Options Pro Signals
Binary Options Pro Signals is a service that sends trade alerts in real time via email and SMS text message. According to the website the developers of the system are offering a 14 day trial for $14 and then a $97 monthly charge thereafter.
Today I’ll take a closer look at the service and review all the information that is at my disposal. It is unknown who the developers of this service are, but support can be contacted via their contact form. There is no direct email address, and they promise a response within 24-48 hours, so not really a market leader in this category.
Your Rating: [ratings >
Binary Options Pro Signals Review
The Binary Options Pro Signals service has been available for a few years now and is promising to provide traders a 72.5% accuracy rate. This is a very impressive number, and it’s much more respectful than the developers that claim to have a win ratio over 90%. The traders that are providing the signals monitor 14 assets throughout the London and US market sessions. Obviously, if you don’t trade the London and US sessions, then the signals will be useless to you. For those that do, the team of traders send signals via SMS and email which makes it very easy to access them and place the trades. On the front page of the site we can see an example of their trade signals which shows the signal time, the asset, direction, the price and the expiry time you need to set. Basically, everything you need to see is being provided.
As I read more on the Binary Options Pro Signals sales page I’m starting to see conflicting numbers. At the top of the web-page we see 72.5% but as I scroll down I see 88%, 81.4% and then 71.2%. When I’m looking into making an investment I hope to see consistency both in the numbers and in the message. I’m not sure why, but in this case the numbers are fluctuating dramatically depending on what paragraph you read on the sales page.
Performance graph that needs updating.
There is a unique performance graph that shows the last 6 months of trading with their signals. We are not given access to their actual signals list which is disappointing because I can’t verify the validity of this performance graph. Also, it looks like this webpage was last updated in April because they have no performance numbers for May or June so I would certainly email the developers to see if their service is still active before signing up.
As I update this review for the first time in 2020, I can see that they did update their results. The winning percentage still remains at 71.20%, but they’ve included a new chart which shows that the system has earned over $40,000, as of January 1st, 2020. They are still 3 months behind, as it looks like they only update this chart every year or so, and I’m not overly impressed by the presentation either.
There is really nothing about this chart, that suggests to me that this is legitimate. There are no trades provided, and it is a simple procedure to draw a line on a chart like this. I am certainly skeptical about the performance numbers being provided, even in the updated review. This is something the developers need to address.
Type: Binary Options Signals
Price: Deposit $97
Winning Percentage: Unclear (many claims)
Support: [email protected]
The reason for stating that the winning percentage of this service is unclear, is because they are all over the map when it comes to clarifying their claims. The majority of the review is focused around this element, but for good reason.We obviously want product developers to be transparent and clear. This is lacking at this point in time, but hopefully it’s something that’s resolved shortly.
The people behind the Binary Options Pro Signals service believe that their signals are not just for traders but for anyone who wants to make real money. Yet, from what I’ve gathered in my research so far I can’t give a full recommendation. There are elements that I like about the service, such as the delivery method of signals but I would like to see more of a trading history before registering. They do offer a 14 day trial for $14 so you can certainly test this software before paying a monthly charge of $97 to see if they truly hit the 72.5% accuracy rate they promise.
If you have tested this signal service already or you are current member I would love to hear your thoughts and experiences about this service. Please leave a comment under this article now and start a discussion that will benefit the rest of the binary options community.
Best Binary Options Brokers 2020:
Best Binary Options Broker!
Perfect For Beginners!
Free Trading Education!
Free Demo Account!