Binary Options Trading Signals (Live) Review
Here’s a signal provider that is actually worth your time! Binary Options Trading Signals has been around for a few years now and has grown in popularity due to its success in helping BO traders pull in a comfortable profit. I speak from personal experience during this review as I have been a member of Binary Options Trading Signals in the past. Trust me when I say they’re good value for money.
Binary Options Trading Signals is a bit different from other signal providers. Rather than list an asset, a direction and a strike rate, they enable you to watch the screen of a master trader during the New York trading session. The interface looks a bit like this:
It’s a little bit advanced and you’d do well to learn the basics first. Good knowledge of the following will save you a lot of time:
- Japanese Candlestick Charts
- Chart time frames
- Bollinger Bands
- Currency pairs
- Moving Average lines
- Trends and Reversals
- Martingale Strategy
Binary Options Trading Signals are awesome in the way they operate the trading room. Armed with firm knowledge of the items listed above, you can then watch the master trader as he scans the charts for good trades. Most of the trades taken by members are 60 second trades so you’ll need quite a strong stomach!
There is no ‘set’ strategy that you must use. You are free to use whichever time frame you like. Sometimes, Master Trader willl recommend an ideal trade to everyone at once and this could be a 60 second to five minute trade or sometimes longer. It depends on the chart setup and how the assets are behaving. MT will usually provide 1-2 signals in each session. The rest of the time He will be talking about the assets and educating the members on what looks like a good trade and when to take it. Long-time members who have proven strategies send them to MT for the benefit of all the other members It’s a great ‘family feel’ inside the trading room.
Many members also combine the 60 second trades with Martingale strategy. I’d say the martingale method has its merits but you MUST exercise caution and know when to stop. You can easily blow your account if you lose too many trades in a row.
When I first started with Binary Options Trading Signals I did a LOT of paper trading. (Highly recommended to new users so that they achieve consistent wins on paper before graduation to small trades on a real account.)
On my paper trades I would analyse the wins and the losses. The losses rarely exceeded two in a row. So with a martingale strategy I was able to boost my win-loss ratio (on paper first) and generate more profits on the real account. However as I said earlier, care must be taken that you don’t throw your money management rules out the window and end up blowing your account.
It takes a special kind of patience to be able to use martingale. Set limits for yourself and stick to them without compromise. Know when to stop.
Binary Options Trading Signals use the ‘Think or Swim’ platform (similar to MT4). During the session times, traders will see the master trader’s screen and there will usually be about 4-6 assets displayed. Some with multiple time frames. The software that Binary Options Trading Signals have programmed into the Think or Swim platform is truly remarkable! It’s been about 20 years in the making to get this far (according to Master Trader)
You will quickly become used to the different colored arrows and what they represent. Pink arrows are the BEST! Watch for trending signals that line up on all time frames for a given asset, or wait for the blue and yellow arrows that show up right before a neat reversal that you can jump into if you’re eagle-eyed enough. Although it takes time to learn and perfect, Binary Options Trading Signals are an outstanding service and I’d thoroughly recommend it to all traders who are not complete newbies. If you are a bit of a novice, first go away and learn a few of the basics, and then come back here and join 🙂
Summary / Cost
Binary Options Trading Signals provide an excellent service that can make you a lot of money through commitment and perseverance on your part. However, this service is not for free. It costs $97 every two weeks. But before you think that’s a lot of money, consider the cost of each session. $97 for 10 sessions equates to less than $10 per session! You can easily profit more than $10 per session once you get going. There’s no such thing as a free lunch and the Binary Options Trading Signals service is worth every penny. If they fail to help their members profit, then they will lose them! Simple as that. You do not need to sign with an approved broker – just bring your own! They are not affiliated with anyone except you. The day they stop profitting their members is the day their members will leave them. That’s what sets them apart from these other scams we review which provide free access for an autotrader that doesn’t work.
The only reason I am not still trading with Binary Options Trading Signals is because I live in the wrong timezone. I enjoyed it while it lasted but eventually I just couldn’t handle getting up at 3am every weekday to trade. I still have to maintain a career and a family but that’s just me. Your circumstances will likely differ from mine (and hopefully your timezone!) Give Binary Options Trading Signals a try. Even just for one fortnight to see how it goes. I wish you the best of luck if you do 🙂