Binary Options Trading Signals Review
Why Binary Options Trading Signals?
Trading binary options is not that easy. Every trader knows that you can’t win them all. There are however services that can help you put the odds in your favour. A great example of this is a live trading room binary options signal service called Binary Options Trading Signals or BOTS for short. BOTS has been around for a number of years now and only receives positive reviews. There are members of BOTS who trade for a living using this service. Many of them are earning in the region of $500-$1000 per day. The service provides signals that can be used for either binary options or spot forex trading. Using this service you can actually learn how to become a pro trader, trading on your own eventually.
What is Binary Options Trading Signals?
BOTS is a binary options signal service that provides signals on a variety of time frames for 3 currency pairs every trading day. The 3 pairs are EUR/USD, GBP/USD and USD/JPY; and the expiries range from 60 seconds to 15 minutes. You can earn up to 85% or more (depending on your broker) on every single trade you make.
Now you might be asking, “What makes Binary Options Trading Signals different from other similar services that are out there?” There are some key reasons why this one is quite different and unique.
For one, you get to watch a live video stream of a professional trader every day in high quality complete with audio. This is a great way for you to learn as you are trading! There is a 2 hour live streaming session every trading day 9:30 AM through 11:30 AM EST, Monday to Friday. The sessions are hosted by a master trader going by the name of Franco who has over 15 years of trading experience. Franco employs proprietary indicators, strategies and tools to assist him in creating his highly accurate live binary options trading signals.
Using a computer, there is no download required to access this service. You will be directed straight to the live stream with no hassle. If you are on the go there is a great feature that enables you to watch the live stream on your smartphone using the Photon browser.
BOTS is not a ‘conventional’ signal service in the vein of a service providing signals via SMS or email. You don’t receive ‘blind’ trade recommendations to simply follow in your account. Yes, you will be given signals, but you have to commit to the trading session each day and there is an element of ‘trading knowledge’ required. While you are alerted to potential opportunities, how you interpret them and the number of ‘trades’ you will make will be up to you.
YOU have to enter the signals when given, YOU will have to decide if you want to place single or multiple positions and YOU will have to be prepared to manage your risk. This involves deciding whether to follow Franco’s Martingale approach of doubling up your trade contract values following a loss. Possibly even twice. Consequently you will need a strong stomach. However, I should point out that I only encountered one ‘third’ candle trade (doubling up twice) and a couple of second candle trades (doubling up once) when I tested this service. Of course you don’t have to follow this approach. You can use fixed stakes on each position but your gains will be more conservative. The Martingale Strategy is not recommended for beginning traders.
Franco offers fast paced signals for 60 second and 2 minute trading. He also offers 5 minute and 15 minute signals which will work for forex trading as well as binary options. With forex trading you have the potential to make a lot more profit if there is significant movement ( stated in pips) in the trend. Sometimes as much as 300% profit or even more can be made on one trade. You can also manage your risk by setting a stop loss level. There are many subscribers to BOTS who are making huge profits trading forex in addition to binary options as evidenced in the video below:
How much does Binary Options Trading Signals cost?
This service only costs $97 every 2 weeks. With all of the great benefits, I think this price is quite fair. I don’t know of any other service out there of similar cost that offers so many great benefits. The other products that I have looked at didn’t quite compare to Binary Options Trading Signals. With all of its great features, I highly recommend trying BOTS. There is also a 60 day money back guarantee included. Don’t forget that!
BINARY OPTIONS BROKERS
When Franco first started out, his broker of choice was 24option. Eventually, he switched to OptionFair. These two brokers are very similar. They both run on the TechFinancials platform and are both EU regulated. However, neither of these brokers accept US traders. A very good choice for US traders is Tradorax which is also built on the TechFinancials platform. As a matter of fact it is the only broker that accepts US traders that uses the TechFinancials plaform. Although they are not yet regulated, Tradorax is considered a highly reputable broker and are fully endorsed by BinaryOptionz.net
If you would like to make additional profits by using Franco’s signals for forex trading also, then there are two forex brokers that we recommend. They are XM and Tallinex. XM does not accept US traders while Tallinex does. Both are highly reputable and offer many great features and benefits.
To be successful using Binary Options Trading Signals you have to watch, learn and listen to what is being said. The point I am trying to make is that not all people can or are prepared to do this. If you can’t do these things don’t bother using this service – you will quickly end up blowing your account.
However if you can follow the instructions provided you can make very good money. Take the first week to just sit back and absorb what is happening and demo trade. There is nothing so technical on offer that means new traders to binary options cannot profit from using this service. Everything is explained and if you don’t understand then you can ask. Franco is on hand throughout the trading session and will answer questions and provide some enlightening insights on how to trade in between signals. Franco is someone who seems to have a good understanding of the markets and an enthusiasm that is nothing short of infectious.
There is really little more I can say. If you like the sound of it, sign up and give it a go. The fact that I have signed up for an additional two weeks to trade one of my personal accounts should give you some indication of my views on this service. And you won’t get a much better endorsement than that…