TABLE OF CONTENT
Binary trading signals are indicators that signify whether to make an investment or not. If you have read my previous articles, you may remember that I have mentioned signals before. For example, option robot and the automated trading software are using signals produced by the best professionals in order to obtain maximum possible profits. The remarkable thing of these binary option robot is that the signals they produce are completely free. In addition, there are several paid services provided by professional investors. Furthermore, I will elucidate how these signals can actually help you earn more money when trading with the best binary option brokers like one of our favorite IQ Option, and how professional investors use them in their own investments in order to achieve maximum returns.
What Are Binary Trading Signals Exactly?
Signals were originally developed only for foreign exchange trading. Since currency trading always takes place in pairs, it was extremely easy to form a clear system whose aim was to interpret the possible changes in the future value of these currency pairs. In 2009, as binary options became widespread, traders realized that they could develop similar signal systems as the ones which were being used in currency trading.
In practice, binary options trading is extremely similar to currency trading. As a matter of fact, trading currencies is the most popular type of binary options brokers trading. But the use of signals in binary options is not merely restricted to currencies; their uses can be expanded to multiple areas – for example, equity trading, commodity trading and indices. Conclusively, we can say that the signals fit much better into binary options than they did in Forex-trading.
1.Free signals that investors share as examples on discussion forums. The signals shared by investors on discussion forums must be treated with great caution. Anyone can write and advertise them without any evidence of profitable trading. Sometimes the advice received from such places can hit the right guess, but it does not necessarily mean that they would be good always. It can be
attributed to luck as well. If the advice is wrong, the advisor can easily abandon writing under that particular pseudonym and make use of a new screen name and try again until a right guess has been hit.
2.Paid signal service providers who share the signals under their own name for money or other remuneration.
The signals thus shared can be based on the providers’ own experiences about trading, or the signal provider can use their own device to interpret the signals. Usually such service providers want to keep the technique by which they
have reached the final conclusions as a secret. Some of those services can cost quite a lot. I recommend avoiding the use of any services with a large start-up fee or those who charges even before sharing the first set of signals with the customer. There is high probability that the provider wants to make as much money as he can by charging the customers at the beginning due to large chunk of customers terminating the service very quickly for quite a number of reasons. The contributing factors for the reason being that the signals were bad or at least not worth the money.
3.Paid signal services from multiple signal providers or from well-known investment firms.
These service providers often have years of experience and cater to hundreds if not thousands of satisfied customers. They may levy exorbitant prices for their services but they usually have an extremely good rationale to justify the prices.
However, such services are not designed for novice investors because of the high price or the complexity of signals. They are mainly intended for professional investors whose investment amount to moving in tens of thousands on a daily basis. If you level-up to trading in such large numbers, the use of such services is definitely advisable.
4.Signals provided by trading software.
The fourth alternative is a signal software similar to the real robot. It highly resembles stock trading software which are used by investment banks except for the fact that binary trading software is in many ways, a much better option for a novice investor. For example, it is easy to use and it is fully automatic. Additionally,
I would not recommend paying any charges for such kind of software especially when the market’s best trading software robots are completely available for free. Developers of binary robots intend to make their software to be well known and garner high usage.
Most Important Features When Choosing a Signal Service
When you make your choice, it is extremely important that the signal service you choose contains a few important features. This is particularly essential if you use the automatic application together with the signals.
To highlight the principle features which an investor must consider when choosing a signal software:
The investor must be able to set limit the extent of his daily loss. When you buy an automated trading software, you should be able to trust that it really takes care of everything automatically without needing your constant supervision. The option of stop-loss limits exists to grant you peace of mind – you need not have to constantly think about how much you are winning or worry about the losses.
As there are no upper limits in profits, in practice, this equates to huge gains and minimal loss. Also, a software does not weigh the losses in the same way human investors sometimes do. Its strength lies in the fact that it functions based on pure mathematical facts.
History and data from past results reveal that signals have actually been profitable. If the application can truly generate money for the investors, there is no reason to keep the past results secret.
It is essential that you have a platform to discuss and are able to ask questions about the signals from the producers in case of any problematic situations. The easier it is for you to be able to contact the service provider, the higher is the credibility of the service. Interaction between customers and the provider is extremely important as this indicates that the service provider is serious about developing better and a more efficient service. Also, this will help you hone your skills and make you a better investor with time.
If a particular signal provider believes that the service they provide is good enough to be ready to provide it for free, it is highly likely that the signal service is at least in some way, useful. Currently with the binary option robots, the situation is extremely similar to what Linux operating system faced at one point when they were entering the market. Like Linux developers, signals robot developers have decided to offer the software for free to customers so that it would be of help to develop it further based on the inputs.
It is important that you are able to utilize signals on a trusted and reliable broker site where you can get your winnings easily and effortlessly. Therefore, I recommend investing only with most trusted broker sites such as IQ Option, Banc de Binary, GOptions, and CherryTrade All the brokers presented and reviewed here have years of experience and thousands of satisfied customers, and are therefore 100% reliable.
Are Binary Trading Signals Scam?
Binary trading signals are definitely not a scam. However, that does not mean that you should trust every signal provider. Every place where money is involved, there is a possibility of presence of fraudsters and dishonest operators. Majority of operators are honest and possess good intent, but that does not mean that advise they render is worth paying. As long as you invest in only the sites recommended by us and follow the steps in this article, your money is safe and secure.
Read below our signal reviews, pick one of these trusted providers and start your success stint at trading profitably!
Best Signal Providers Reviewed
The current world requires binary options traders that seek opportunities to streamline their lives. Your trading schedule may be so tight that you cannot find ambient time to analyze the binary options market before placing a trade. This is where binary options signals come in handy. These signals are trade alerts for the commodity, currency, or stock markets. It is your onus to find an incredible signal provider to help facilitate your trading experience without unnecessary complications. We have made the entire process easier for you analyzing the working of top binary options signals providers in the industry. Please read our unbiased reviews to help you find the right provider befitting your criteria.
The key to reaping any significant returns when trading in binary options lies in finding a great broker. However, what many people don’t realize is that finding a good and accurate signal service provider is of equal paramount importance. Most of the times, these signal providers are independent i.e. they are not in any way generated or controlled by any brokers but in some cases the brokers themselves generate their own signals. A good example is Option Robot.
Before discussing the nitty-gritties of the signals provided by the Option Robot and their accuracy, it is important to understand what binary options signals are in the first place. A binary options signal is typically an alert sent via email, audio or text advising the trader about the best and most profitable options to trade on. Signals are generated based on meticulous analysis of an asset’s price movement charts and the related trends in order to arrive at a projected movement which is then transmitted to the trader in real time. There are long term signals that stay valid for up to a week and short-term signals which can last for 50 minutes – it all depends on how you prefer them. We shall focus on the latter option of short-term signals.
Predominantly, most brokers and independent providers will offer you trading signals usually for a small monthly fee. When you receive and decide to use them in trading, you will be required to manually execute the trade as specified. However, there are signal providers who generate signals and instead of you receiving and applying them personally, the system can be set up to execute the trade automatically on your behalf. These are what we refer to as automated trading software or robots. Option Robot is the latest entrant and has attracted quite a following – an indication that they must be doing it right. Or are they?
Knowing how an auto trading system or any other signal provider arrives attheir signals is crucial to ascertain if the provider is reliable or if they are just another scam. Option Robot have a genius and innovative way of generating signals based on one or several of their indicators as selected by the trader. These indicators are:
Basically, a signal is generated by the indicators analyzing price movement charts and other trends of the asset. Based on the analysis, it then makes either a CALL or PUT trade for you through your broker which you select from their several options – all highly qualified and regulated as per the best financial standards. In case two indicators were selected, a signal can be generated and used to trade only when both produce either a Put or Call option. This simply means that for the robot to execute a Call or Put trade, the two indicators will both have to both produce either Call or Put signals – this ensures that the system only executes the trades it is 100% certain about. Such a working system greatly minimizesthe chances of a losing trade, the last thing you wouldwant.
Due to the complex process involved in generating the signals, they are of very high quality and accuracy. Option Robot signals have a certified win rate of 83% and above – one of the highest in the industry. What’s more, being a robot, it is able to produce signals faster and more efficiently than any human can and we all know binary options is all about speed and efficiency
Option Robot is a great trading system with amazing signals. However, that alone does not encompass all there is to it. There other few factors that makes Option Robot a system to watch out for as follows:
- It offers some of the best and most reputable brokers to choose from. The brokers, including GOptions and Banc de Binary are the most popular in the world of Binary options due to their transparency and the fact that they are all regulated. The fact that Option Robot is affiliated with these brokers makes it all the more legit.
- With the settings option, you are able to have control over the robot and the trading process. As such, you can decide which indicators can be used to determine the signals, how much to trade in and the trading system you would like to follow. The Option Robot software then follows these commands when executing trades. It is rare to find other systems which fully control the process for you such as this one where your only contribution is to deposit money through your broker.
- With the robot, you get to choose up to 8 trades at the same time. This helps you scatter the risks and multiply profits which judging by the high winning rates is highly possible.
- The minimum investment you can trade in through Option Robot is as low as $5. If you are a new trader and are not yet sure to trust Option Robot or not, this is a great way to find out. The maximum you can lose is only $5 with high chances of getting double or even triple that. You never know.
- Contrary to other trading software, Option Robot does not promise you heavenly payouts and/or millionaire status which often are false promises with the reality being completely different. Option Robot is mostly likely aware that binary options are a risky investment with little chances of making anyone a millionaire and their promotional materials do not contain any pictures of expensive homes or cars. What they have is a simple promise of bringing in returns in almost all your trades and a track record to back their claims.
For the (short) time Option Robot has been in the market, we have not heard any complaints that would provoke a negative verdict from us. On the contrary, we found them ranked higher on several online rankings with quite a number of traders giving glowing testimonials. With all its innovative solutions and great signals, Option Robot is an auto trading system you definitely want to try. We give our thumbs-up and suggest you just Go Right Ahead.
Quite a number of trading signal providers have surfaced in 2016. Unfortunately, most of them are scams and all advertise the same lies albeit with different statements. It has been quite a long time since we saw a new signal provider software which is reliable and legitimate. However, we recently got wind of one signal provider which though untested, looks like a good deal. With that, we introduce Automatedbinary, the new kid (software actually) on the block. The software has so far managed to garner attention from traders and critics alike and will probably continue doing so in the foreseeable future.
To help you familiarize, we have compiled a report based on our analysis of Automated binary highlighting all its pros and cons. Thus, pretty much answering the question the most frequent question that pops up concerning trading softwares – is Automatedbinary a scam? That, and many more in the section to follow.
Automatedbinary is, just as its name suggests, an automated binary options trading software that was released only a short while ago. Just within a few days of its arrival into the market, it has already taken the world of binary options by storm and has risen to become one of the most popular trading software around. Looking at the software’s superb features and options we can definitely ascertain that the waves created by this software isn’t just by luck –
it is through hard work, dedication and innovativeness on the part of the creators. And just as the saying goes, hard work never goes unrewarded. We don’t really give out awards here but a word, or two of appreciation is as good as any award. In case you haven’t heard about the software (it’s forgivable, for now) or even if you have and want to feel the awesomeness twice, the section below contains all the information on features and other nit bits you might possibly want or need to know about Automatedbinary.
This probably might have elicited a laugh or at least a chuckle from you. I mean, how can a free software have a (free) demo version? Come to think of it, it completely beats logic. But as we are aware, in binary options, so many things aren’t logical at first glance that your head would spin just thinking about them, so we won’t go there. Automatedbinary’s best feature, hands down, is the $50,000 demo version which is open to all, be it the registered members or even internet tourists who ‘mistakenly’ land on the site and would want some fun.
After signing up for the demo version, complete with a virtual broker, the site gives you a whopping $50,000 in cash to trade, learn and have fun with. Before you even think about how you will withdraw that money, how about we tell you that it’s virtual money? Basically, this is money which enables you to place trades, and even rake in profits, just like you would in the real account. No, you can’t withdraw it. Neither the profits. But what you can ‘withdraw’ for your use is knowledge and experience from trading with the amount. So the time spent is not such a loss after all.
Automatedbinary being a new software, we were quite surprised to see some of the practiced money management optionsalready incorporated into the software. These are, in simple terms, the options that a trader has in order to manage how their trades go. Proper money management can help you keep your trading account full or close-to-full for quite a long time. These options, also known as trading methods include:
- Classic– This is the classic or traditional method of trading and generally involves trading equal amounts in every trade. It mostly focuses on low risk trades and is regarded as the safest method. Automatedbinary’s classic mode is recommended for beginners although they are advised to keep their profit expectations low.
- Martingale– In this mode, the robot will double the investment on every trade coming after a loss and continue doing so until a win occurs. Usually, such a win will be big enough to make up for the previous losses. After the win, the robot lowers the investment on next trade to the original value and the sequence starts all over again. Martingale is arguably the most profitable mode of trading and also the riskiest as it is a game of probability.
- Fibonnaci– This mode is based on a complicated mathematical sequence which repeats itself after some time. As with anything mathematical, Fibonnaci is easily the most accurate trading mode and has relatively lower risks compared to Martingale.
The software uses six sophisticated indicators to generate signals. These are the most common and majority of traders have used them before, or at least heard about them. As with most things in binary options, these indicators were made for stock and forex trading but picked up by binary options traders after finding out that they still work. The indicators are:
- Williams Percentage Range Indicator
- Stochastic Oscillator
Traders have complete control over how many of the listed indicators the robot can pick signals from. Whatever number of indicators chosen, they must all show the same signal/direction for a trade in that direction to be placed. If that doesn’t happen, no trade is placed. Traders will love this feature, if they don’t already, as it keeps their funds safe and minimizes the amount of losing trades.
After carrying out detailed tests on Automatedbinary, we deem it safe to say that it is not a scam. Contrarily, it is a pretty good software and ranks high above the usual software, both in terms of overall quality and hit rate. The customer care is excellent with swift replies and we hope that they continue with the good work in the coming days. Also, we found out that traders have more control over the software than we are used to which is a clear bonus.
When it comes to the brokers, the nice folks at Automatedbinaryhave picked only the best of the best. The list is high on quality and credibility rather than quantity – featuring brokers such as Stockpair, 24Option and Banc de Binary among others. These brokers keep your money safe while the robot keeps your account full. To be honest, initiallyAutomatedbinarydidn’t invoke much of our interest but after the detailed analysis, all we have for it is sheer admiration.
Binary Option Robot Signals
The true mark of a great binary options signal provider is that the provider must be consistent in the provision of signals that help execute winning trades time after time. Therefore, these signals must be of the highest quality in the market. Traders must be able to trust them to the extent that they consider the reliability on these signals as the basis of their successful trading in the binary options marketplace. One such provider who has proved to be the best in the business of signal provision is Binary Option Robot – The Real Robot.
High winning ratio
The main reason that a trader seeks the best signals provider is the winning ratio. This is the rate at which the winning trades out-weigh the losing ones. Binary Option Robot has the highest success rates, and with a winning ratio of a tested and proven 83%, traders who choose this signal provision are in for a profitable experience in binary trading. When you are making a genuine 8 winning trades for every 10, you are right on the money and what you have is a great signal provider.
:Binary options trading is not gambling. The element of luck is so low that it is almost negligible. This means that the signal you receive has no element of guesswork involved. Binary Option Robot’s signals are backed by sophisticated and advanced algorithms that churn out one winning signal after another. These algorithms which are complemented by the professional trading staff at the signal provider are what makes their signals the best. They analyze years’ worth of data, combine them with current market conditions and come up with great signals all the time.
No experience necessary
The signal that Binary Option Robot provides is an end product in itself. This is because before a signal is released to traders, it is backed by so much work behind it that as a trader, you will not need to add any other input to it. All you will need is to execute your trade with the provided signal and wait for your trade to become a winner. This means that you need not be an experienced trader or one with extensive training to use Binary Option Robot signals to make a good return on investment.
There are some signal providers which have totally unnecessary hurdles that you need to negotiate with before you are fully able to access them. This is not what you will find with Binary Option Robot. The signals from this provider are very easily accessible to the traders and it does not matter which broker you are going to use. Just a few clicks on your mouse and the signals are right there waiting for you to be applied in the execution of your trades.
No limitation to the brokers you use
Binary Option Robot provides the best signals in the binary options market. You are free to choose your preferred broker site with the robot. This indicates that as a trader, you can retain your preferred broker such as 24 Option as your carrier for your trading account while using the impeccable signals that this provider has to offer to you all through your trading session.
As a binary options signals provider, Binary Option Robot also wants you to be a better trader. The fact that they provide you with excellent signals is not the end of their story. The availability of plenty of updated learning tools will help you enhance your understanding and application of the signals that you receive from Binary Option Robot thus enabling you to transform from being a good trader to an excellent one. These tools include detailed eBooks, webinars, trading manuals, charts and other informative material.
The software is compatible with all modern devices
If you still have to download a signal provider’s software to your PC, it limits the scope of trading opportunities. As an enhancement, the Binary Option Robot software is web based. This means that no downloads are necessary which translates to the factthat you can access this provider’s signals from anywhere and from whichever device thus broadening your trading opportunities. Whether your preferred device is your laptop, or your tablet or smartphone when on the move, signals are always accessible. This gives you the freedom to travel or go about your other businesses knowing very well that your signals are available on demand.
Binary Option Robot has made a name in the binary options trade as the provider with the most credible signals. As a trader, you will have to align yourself with the best signal provider to have a consistent income from binary options. Your provider thus should be Binary Option Robot.
In the recent past, sites offering fully automated trades have had to diversify their products to include other options such as the manual trading option and the signal delivery function. This is necessitated by the fact that while the larger majority of traders prefer auto trading, there is a significant percentage that don’t prefer auto trading but would still want to receive the signals used by auto traders. As such, sites like Signals 365 the focus of this section, have cropped up hoping to capitalize on the need for such an option.
As a background, Signals 365 is as the name suggests, a binary options signal provider that sends signals to traders from all over the world no matter the time zone – 24/7 service. Also, the service is available 365 days a year, including weekends and major holidays. This is pretty good although not really important as binary options markets are only open on weekdays. Anyway, that’s just one of the features of the service and was mentioned for the simple reason that it is an integral part of Signals365.com marketing strategies.
How does Signals 365 work?
The site generates signals through extensively tested technical methods which are able to generate hundreds of signals in just a few hours. The signals are then posted on the members’ area where all subscribers can access them and thereby enter into trades as per the indicated direction. This is somewhat surprising as in most cases, signal providers send signals directly to the traders via text or email.
Signals 365’s customer support team explain that due to the large number of subscribers and the largenumber of signals being sent out at any one time,
publishing the signals on the website is more convenient and time effective than sending them out individually. Of course just like in individual delivery, the signals stay on the site for a significant amount of time and can be referred to when measuring how accurate they are. Basically, alerts are sent out to every trader once a signal has been generated. These are in form of pop ups on the trader’s screen with the words “Trade Now”. Unlike auto trading where the system gets into trades without notifying the trader, here the trader, after receiving a particular signal, gets to choose whether to use the signal or wait for the next one.
An average of 100 signals per asset are generated every single day. Unfortunately, you have to be online or have your internet data turned on to receive the signals, which takes away some of the convenience. Nonetheless, the 100+ daily signals are pretty good and provide endless money making possibilities.
How successful is Signals 365?
Since its inception in late 2014, Signals 365 has provided thousands of traders with millions of trading signals. Fast forward to 2016 and unfortunately, the accuracy hasn’t changed much which explains why Signals 365 is not anywhere near our top 5 signal services. On the other hand, at least the signal quality hasn’t least bit deteriorated over the years. Basically, Signals 365’s trading signals are rated 67% accurate which means that if you put into action the 100 signals you receive in a day, 67 of them will get you ITM trades. Not bad, but still not the best.
Right now, the quality of the signals from most signal providers and auto traders average about 85%-87% which makes Signals 365 look like a cheap deal. However, the good thing about the site is that they are transparent about the accuracy, or rather the lack of accuracy of their signals. Also, the signals’ win-loss records are visible to all members for comparison and analysis purposes. You can compare the performance of the signals in recent times with that of the site’s earlier days or even between different times of the year.
Fortunately for traders into FX pairs, and unfortunately for those into other assets, Signals 365 only provides signals for trading currency pairs. And not just any pairs but 8 of the most popular, including EURGBP, EURUSD and GBPUSD. Notably, the signals
are tailored for the 5 minutes, 15 minutes and 30 minutes expiries. These are offered by almost all brokers, especially for trades involving currency pairs. As it stands, Signals 365 is doing well with only this kind of signals but it could be more profitable in the long run to also include signals for other assets. Maybe, just maybe, diversifying the asset index (and the time frames) could make up for the low accuracy.
First off, it is worth noting that you don’t have to download and/or install anything to access Signals 365. The site supports both computer and modern mobile devices with standard browsers and is accessible as long as one is connected to the Internet
through whatever means. On to the price front, Signals 365, for quite some time now, has been giving signals for free on the condition that you open an account with one of the brokers you will be linked to. This is a change from past times when a monthly subscription fee was required. Also, the brokers are all very credible and include renowned brands such as Banc de Binary, UBinary and StockPair which are all CySEC regulated. We don’t really know much about the signals but we can assure you that you won’t regret signing up
Final Thoughts: Is Signals 365 a scam?
Signals 365 is not a scam, far from it. Everything about the service is well laid out including the not-so-fine points like the accuracy level. This, if not anything else adds to the credibility of the site which, above everything else, is the major selling point of any
online service. The fact that the site partners with some legit brokers convinces us that it is worth our trust, and yours too.Finally, do we trust Signals 365? Absolutely.
There is no doubt that with the presence of so many scams in the auto trading scene, its popularity is fast fading. All eyes are now on trading signal providers which are seen as a better and less risky alternative to the downright shady auto traders. The best part about subscribing to a signal service rather than an auto trader is that you get to have a final say on what to trade, in which direction and the particular time frame to choose. Moreover, it is much easier to unsubscribe from a signal service than it is to split from an auto trader. Granted that signal providers charge subscription fees which auto trading sites don’t is most certainly not favorable to people who like freebies.
All that said, we are here to talk about one of the most popular signal providers right now, UpDown Signals. We dug deep and managed to collect all the information necessary to determine whether the service is trustworthy or belonged to the list of fraudulent services which are aplenty otherwise.Consider this as an integrity test or even better, as our very own version of a polygraph test, only that the subject was not directly questioned
What is UpDown Signals?
UpDown Signals is a signal service that sends out trading signals to traders for a monthly fee. The service has been in existence since early 2013 and has slowly climbed the ranks to become one of the go-to providers. UpDown Signals boasts
of a wide range of technical indicators and statistical tools that are instrumental in the generation of the signals. UpDown signals are 70% accurate which could go higher or lower depending on the market circumstances. However, it still remains significantly lower than what most signal providers’ usually offer. To state a few facts in case you aren’t already aware, the average ITM % among signal providers and auto traders is 86% and has been so for the longest time till date. Thus, the 70% that UpDown Signals offer isn’t highly impressive. As it is, it will take some exemplary customer care combined with unique features to put them ahead of the stiff competition. Unlike most providers, UpDown Signals does not send signals throughout the trading day – instead it sends signals only during a specific time frame. Also, the number of signals sent per day is extremely limited, usually 2-3 or even none depending on the market behavior. Basically, signals are sent out every morning from 11.28 am to 11.40 am EST. These signals are valid for only 3 hours after which you would have to wait till the next day. This means that you would have to place a trade by 14.40 pm – exactly 3 hours within receiving the signal. However, we recommend you trade earlier as the site says the signals work effectively for the 3-hours expiry. This expiry window is not common with most of the brokers and the most effective way to wrap trading is to avail the Option Builder which lets you determine your own expiry. Most brokers provide this option which is considered one of the most profitable albeit riskier. As a bonus, the site has recently added a new expiry period for which signals will be sent. This new 1-hour time frame is quite popular and commonly used.
Before delving deeper, we must admit that the limited amount of both the signals and the time within which they are sent comes across as huge disappointment. Considering the high subscription fee, this is definitely not a bang for your buck. We believe that a signal provider charging a subscription fee should give the best services to justify the charges; otherwise it is a rip off. We know of a lot of signal providers sending hundreds of signals all through the day for much lower costs. This gives traders the added convenience of trading whenever they want and having a variety of signals to choose from – something that UpDown Signals doesn’t offer.
How much does it cost?
As earlier mentioned, UpDown Signals is available on a trial week, monthly or quarterly subscription basis. For the trial week, which is basically for testing the credibility of the service, you will have to part with $25 – quite a significant
amount for an untested service. Monthly membership costs $97 and the charges are recurring i.e. it will be deducted from your credit card every month until you cancel the membership. There is also a quarterly plan that works out cheaper. This costs $197 for a period of 3 months which loosely translates to about $66 every month. All that for a service that is only available for 10 minutes a day. Really! The only advantage in the entire business with UpDown Signals is that you don’t have to deal with some crooked broker whose name you wouldn’t have known in nine lifetimes if you didn’t see it among the options provided. With UpDown, you simply get the signals and use them with your current broker. Just as it should be.
How are the signals sent?
UpDown Signals sends signal alerts like pretty much all signal providers via text and email. These are in form of ‘Up’ and ‘Down’ recommendations which indicate the best option to buy for the next 1 or 3 hour to hit the payouts.
In the end, the question on most people’s minds is whether UpDown Signals is trustworthy or if it is a scam. To answer that honestly, we don’t think UpDown Signals is fraudulent. Otherwise,
of the service, you will have to part with $25 – quite a significant it would have been closed way back in 2013. However, considering all the facts, we do feel that UpDown Signals has more of the ‘Down’ and very little of the ‘Up’. Though a decent choice, with the availability of better signal services with higher accuracy and relatively lower charges doesn’t play out in favor of UpDown Signals.
Algobit Signal Trading
It is not every time that we come across an auto trading algorithm owned by a broker which explains why Algobit caught our attention. As usual, we were curious to find out the inherent features of the software and whether it reaped substantial profits. To begin with, Algobit is an automated trading algorithm owned and operated by the brokerage firm Option Bit. From our knowledge about Option Bit, they’re actually one of the upright brokers so they are trusted to not be associated with a devious software.
As such, our expectations heading into the investigations was just to confirm what we already knew. In a nutshell, Option Bit developed Algobit to help traders predict market movements and in-turn increase their trading profits. The algorithm continually collects and analyzes price movements and the overall sentiments of stakeholders in financial markets to generate signals. These signals are then either automatically used by the system to place trades or if the auto trading option is not selected, sent to the trader through the usual means – text, email etc.
As mentioned earlier, Algobit encompasses a number of algorithms which simultaneously analyze large amounts of data including technical charts and graphs, and tracks price movements over similar periods. Then, using its in-built AI in addition to a number of technical indicators, the system is able to predict future price action. Although still unconfirmed, the Algobit is said to have 81% accuracy on all trades – slightly lower than what we are used to. Alerts are sent to traders as soon as the signal are generated and they can either decide to go ahead and place trades as suggested or wait for the next batch of signals. However, for those in the Auto Trade mode, the system performs all actions for the trader without necessarily sending alerts or other communication.
Basically, Algobit deals with all the assets offered by Option Bit including s variety of stocks, commodities, indices and FX pairs. Traders can utilize the settings option to choose which assets are to be used to receive signals. Other options include the maximum number of trades that can be placed in a day, the amount to be invested in each, and the maximum number of trades that can be placed simultaneously. Such settings are meant to give traders more control over the bots essentially for better bankroll management. It is often advisable to start slowly by investing low amounts per trade until you get a good grip on the system’s working and are satisfied with the accuracy. Needless to say, trading that way will mean lower profits which is quite sensible considering that potential losses per trade are even lower.
To mention the expiry periodssupported, there are both short-term and long-term options. The short term options include 30 seconds, 1 minute and 5 minutes. The long-term ones range from 15 minutes to end of trading day. Essentially, you get to choose the expiry periods in the settings. It is worth noting that each type of asset is better traded with particular expiry lengths. For instance, for better results in trading currency pairs, short term expiries would be the way to go.
Getting started on the site doesn’t take that much time and involves only providing personal details like email address and phone number. The next step is opening and funding your broker account. To do this, you have to open an account with a broker first. In this case, Option Bit is the only broker available which is not really a surprise as Algobit is their own proprietary auto trader. The minimum amount you can deposit to start trading is $200 which is quite low and affordable. After that, you simply choose your mode of trading and get it on. If you prefer the system to do everything for you, merely click on the Auto Trading option while on the broker site; your Algobit account will be automatically linked and trading will commence whenever you’re ready. For manual trading, you won’t have to select any option specifically as it is always the default setting. Nevertheless, you will receive alerts on your phone or email whenever a signal is out.
Opening an Algobit account won’t cost you anything extra apart from the deposit you have to make with Option Bit. The site’s owners, who also own the brokerage firm, make their profits whenever you lose, and even when you win since the payouts are never 100%. It would therefore not have made any sense to levy subscription fees on the software. Moreover, you can send money to your trading account using a number of channels including credit card, e-wallet and bank wire transfer. However, while doing that, remember to follow the basic financial safety guidelines – which include not giving out all the digits on your credit or debit card unless you want to have a first-hand experience with fraud.
Having said that Option Bit is the only broker available to trade with using Algobit signals, we must say that it is quite a credible broker. For one, Option Bit has been around since 2012 which shows that their clients are satisfied with and services. Second, the broker is CySEC-regulated which is usually a mark of conformance with the set financial standards. That Algobit is affiliated with a broker licensed by CySEC and with a great track record which confirms that it is a legit software.
To further prove that Option Bit’s technical experts did a great job developing Algobit, the site displays some accolades won over the years. These are the Best Auto Trader and Best Innovative Technology Awards, both won in 2012 at the annual Financial Innovation Awards (FIA).
After carrying out intensive research on Algobit and its associate broker, we can conclude that although it is not the best auto trader, its performance, and basically everything else about it is satisfactory. We didn’t find any negative reviews on the system and neither did we come across anything that to suggest that it is fraudulent.
Night Owl Binary Option Signals Review
This is a Night Owl Signals review where we closely examine the site and see if it is as real as it seems or just a scam as we think. It must be said that Night Owl Signals is not your ordinary signal provider. For one, the site classifies itself as an online trading room where traders get to see live trading action and may be able duplicate the same on their trades. The site functions mostly as some sort of a copy trading service, more so when you consider the fact that signals are not directly sent to the subscribers but given out live on an interactive screen.
Whatever may be the case, we have to admit that we are not impressed with the marketing jargon or anything else said/written on the site and had to carry out our own independent investigations to verify the truth, or the lack of it thereof, in the claims. We figure you will be very much interested to find out what we discovered about Night Owl Signals, particularly if you are a novice trader.
How does Night Owl Signals work?
Night Owl Signals is a Live Trading Room moderated by Chris, who is said to have extensive experience in binary options. Chris acts as the model trader and provides direction for the others to follow. He also deals with any queries and advises on any issues that may arise. Basically, the signals are delivered live via video stream and are accessible to all the subscribers if their time zone allows. The service is available four days a week – Monday through Thursday – and each is one and a half hours long. The daily sessions are further divided into two, presumably to cater to people in different time zones.
The first session of the day is for traders in the US and neighboring countries and is referred to as Morning Owls. It lasts from 9.30 am to 11.00 am EST. The second session, also known as Night Owls, is for traders in Asian countries and operates from 8.30 pm to 10.00 pm EST. Note that the times are in Eastern Standard Time – that the Asian session is called Night Owls does not necessarily mean that it occurs at night in Asia. As a matter of fact, Asian countries are about 12 hours ahead of the US most of the year.
That said, Night Owl Signals is open to all traders regardless of their location, as long as their time zones allow. Here, we must commend the site for having managed to meet the stringent conditions needed to operate in the US. Admittedly, getting access to the Asian market is pretty hard as most Asian countries are very conservative and have closed economies. Some good work by the Owls there. However, that does not mean that we endorse the site neither does it mean that it has passed our scam test – there are a bunch of other factors to consider.
From the look of things, Night Owl Signals is not for the low budget traders. Apart from the additional WiFi and/or cellular charges (video streaming does not only require reliable Internet but also more bandwidth), there is a subscription fee billed bi-weekly, or twice a month. Basically, to receive the signals, you have to pay $87 every two weeks. Considering there are four sessions a week, that translates to slightly less than $11 per session. Never mind that you have to sacrifice almost two hours of your morning – assuming you live in the States – and the most you can get out of it is 3 signals.
Honestly speaking, Night Owl is nothing more than an overpriced and overrated service that is certainly no better than several free signal services currently saturating the Internet. Last time we checked which was more recent than you think, the Chris guy was talking about 58% ITM possibility on the three trades of that day. Seriously, for anyone keen on making any sensible profits, 58% is more like a loss, more so when you have to part with $11 beforehand. On that note, we should say that apart from the inflated cost, there is nothing about Night Owl that indicates shady intentions. Hell, we’d rather someone who steals openly than one who does so under a mountain of lies. However, we would certainly not sign up with the service and it has a lot to do with the insultingly low quality of signals and so called trading coaching as it has to do with the bloated price tag. Did we also mention that $11 a day for 2-3 signals doesn’t make any sense whatsoever?
NightOwl.com is accessible via both mobile and computer devices, provided the Internet connection is strong enough, especially for the Live Sessions. Even so, it is advisable to view the sessions from a computer as it offers a larger screen and is more easy on the eyes to look at for a long time. Note that not all mobile phones support Live video viewing and you might want to get access to a bigger, more modern phone (or better still, a tablet) if at all you have to use one. Otherwise, you are better off using the subscription money to buy a better phone or perhaps even pay your overdue rent.
NightOwl.com is accessible via both mobile and computer devices, provided the Internet connection is strong enough, especially for the Live Sessions. Even so, it is advisable to view the sessions from a computer as it offers a larger screen and is more easy on the eyes to look at for a long time. Note that not all mobile phones support Live video viewing and you might want to get access to a bigger, more modern phone (or better still, a tablet) if at all you have to use one. Otherwise, you are better off using the subscription money to buy a better phone or perhaps even pay your overdue rent.
Although we found no sensible reason to label Night Owl as a scam, we didn’t find anything great about the service either. We advise you stick to the lower priced (or free) but credible signal providers.
Enhanced Trading Experience With The Help of a Signals
Any financial instrument trading requires a sound knowledge of fundamental analysis and technical analysis. These two forms the basis for the trading and the binary options trading is no exception. Is there a way to improve the trading experience? To answer this question, we will delve into the available options.
Traders are always looking for a profitable trading opportunity to make handsome gains, and the binary options traders are no different. They evaluate several technical parameters along with the fundamental basis of an underlying asset to make the trading decision. First, let’s understand the basics of these two analysis types.
As the name suggests, the fundamental analysis evaluates the long-term performance of an underlying asset through the balance sheet, price to earnings ratio, earnings per share, cash flow statement, macro & microenvironment, amongst several other parameters. It provides an idea about the long-term performance of an underlying and its future price direction.
The technical analysis evaluates the past performance of un underlying through various mathematical modeling to predict the future outcomes. The technical analysis is a widely acceptable tool to predict the direction of an underlying in a short run. The traders evaluate the chart pattern of the price movement for a specific underlying and execute their trade based on their assessment.
Both the above style of analyzing the underlying performance requires a disciplined approach to learning and lots of experience to fully comprehend. The learning curve to fully grasp these techniques ranges up to several years depending upon an individual’s ability. The signal services offered by various service providers acts as a perfect enabler for a trader who doesn’t have time to analyze the technical parameters. The service providers consider several technical parameters and evaluate them simultaneously to predict the direction of an underlying. The signals will tell you in which direction one should trade along with the strike price and expiry of an asset. This will increase the probability of entering into winning trades.
The signals will take away the pain of evaluating several parameters at once for assessing the trading opportunity and will provide them consistently. This will help you to spare the time you invest for analysis, giving you the freedom to use it in the recreational activity. It is definitely a worthwhile to utilize the services of the signal service providers as it improves the trading experience, success rate, and allows you to spend more time in other activities of your preference.
Are The Binary Signals Suitable For Me?
The binary options signals provide several advantages to the entire spectrum of investors. The following texts describe the various advantages received by different types of investors.
The learning curve to grasp the nitty-gritty of the binary trade is small, however, the learning curve to understand the various technical indicators in order to be a successful trader is long. To be a successful trader, as a beginner, you will have to devote a considerable amount of time to understand the market, gain knowledge to understand, assess, and predict the technical tools, and also, you will have to
learn the various strategies to time the market. The development of these skills requires lots of dedication and devotion. In the learning phase, the winnings to losing ratio would be dismal because of some silly mistakes. Higher losing percentage will lead to frustration and considerable loss of financial health. At the same time, it will increase the chances of quitting considerably. It has been observed that most of the traders who start trading as their profession leaves the trading in a years’ time.
The binary signals will help come out of the learning phase. You can start generating steady state returns from the trading activity by using the binary options signals. The assessment of the technical parameters will rest with the signal service provider, and hence will allow you to spend more time learning other trading related aspects, it allows you to trade with the experience of specialists (the signal providers) without having the expertise thyself.
The seasoned professionals have gained the knowledge and experience by trading for several years. These professionals are always looking for a winning opportunity to put their bets. An individual professional trader is constrained by the resources, as he can simultaneously track 3 assets, 4 assets, or at max 10 assets. However, the professional signal service provider takes help of several experts to track
many assets, and hence this makes them track hundreds of assets at the same time. The signal service can allow the seasoned trader to look for an opportunity outside his or her trading basket, providing them an opportunity to have more winning trade from the untracked assets.
The short term trader prefers to execute trade several times a day while a long-term trader prefers to buy and hold the asset for a longer period of time. The binary signals can be useful for both the trader types as it will allow them to time the market along with the direction of the asset. There are signal service providers who cater to both the trader types with different signals which takes care of different
expiries. The above discussion shows that the signal service is a helpful tool for all kinds of investors. Also, the binary options signals can make the trading quick, efficient, and at the same time keeps it simple so that everyone can benefit. If you are working women or a housewife, busy businessman or a student, a beginner or a seasoned trader, a short-term trader or a long-term investor, the binary options signals will make your life easy and will spare some time to spend with your loved ones.
What Is The Difference Between Signals and Binary Robots?
The binary market also offers Robot services which take the signals to the next level by executing the trade automatically. The robots take the signals and then executes the trade based on these signals in an auto mode with customized trading settings.
Though signals and robots are interlinked, they have some striking differences. The following paragraphs enlist various differences in detail.
The auto trade facility is available only with the Robots wherein you have to select the predefined parameters and from there, the robot will take the signals and according to the set parameters execute a trade on behalf of you. While in the case of the signals, the signals will be served through either a text message, e-mail, notification, or other possible means of communication to you, and then you have to execute the trade by yourself.
Trade with any broker
with the signal service you can practically trade with any broker in the world, whereas, the robots have a specific association with select brokers and you have no option but to trade through either of them. The robot requires an adjustment with the user-interface and some technical aspects of each brokerage site and hence it has a limited broker association.
While in the case of signals, as they are served directly to the end user (that is you), you are free to select any broker or trading platform to execute the trade.
Security in your hand
The robot requires access to your brokerage account in order to execute the trades. This enables the robot to use the money lying in your account to executes the trades with the brokers. While in the case of signals, the account access is only available to you and the account stays safe in your hand.
The decision to trade
The signals are served directly to you, and then you can decide whether to trade or not to take exposure. While in the case of robots, once you have selected the settings and given a go ahead to the robot, it will continue to
execute trades according to the settings and as long as the account is funded.This is a fundamental difference between Robots and Signals, as with signals the ultimate decision to execute remains with the end-user while the same is not true in the case of Robots. The above text provides the differentiating parameters between the signals and the robots. However, the robots offer various distinct advantages and it is a preferred solution for the traders who prefer to keep their trading simple and hassle free, the signals provide a helping hand to you with a no risk and ensuring that the ultimate trading decision stays in your hand.
Choosing The Right Signal Provider
The penultimate decision of selecting a signal service provider is with you, however, the following guidelines will help to make the informed decision. The rise of binary trading has also provided impetus to the ancillary services like the signal service. With so many signal service providers in the market, it is difficult to make the right choice. The following text will assist you with the parameters which you should consider before making the decision.
There are basically three types of signals; simple, complex, and video lessons. The major differentiator amongst the service provider is the way they serve the signals to the customers. The most common form of delivering signals is through text messages (SMS or e-mail).
The simple signal provider will tell you that which asset to invest in, whereas the complex signal provider predicts at what price the asset will trade at a specific time. For example, the simple signal service provider message could read like “buy USD/JPY”, while the message from complex signal provider could be “USD/JPY, 3 pm, 113.75” meaning the USD/JPY currency future will trade at 113.75 at 3 pm.
The third type of signal service providers (video lessons) will not only send you the signals they will also allow you to see the live streams of how their experts have been generating signals for you.
The traders who prefer to keep it simple can use the services of a simple signals providers, whereas, the investors who want to have higher control can use the services of the complex signal providers. Investors who wants to be sure of each signal and how they have been created then they should subscribe to video lessons.
An accuracy with which the signal provider provides winning signals is called the winning percentage. This, of course, varies from service provider to service provider, but while comparing various service providers you should compare simple signal service provider with simple signal service provider and not with others. As the simple service provider only needs to predict whether the asset will rise or fall, the complex signal provider also needs to estimate the time and the price which makes it more error prone and hence less accurate. Although higher winning percentage is most sought, the lower accuracy does not mean a bad service provider. You have to understand the nitty-gritty involved in creating the signals. Finally, compare apple with apple for this parameter.
The binary trading market offers an exhaustive list of assets for trading including stocks, indices, forex pairs, and commodities which make it almost impossible to track all the asset by a signal service provider. Also while selecting they consider the liquidity as a major criterion which makes them select commonly traded forex pairs, stocks, indices, and commodities. Though they can cover the entire strata of the assets they restrict them to limited assets for better accuracy.
Some of the signal service providers do exactly opposite of above. They create signals for lesser known or less popular stocks, commodities, currency pairs, and indices.
Some of you might want to trade any asset as long as you are winning, while some may prefer to trade in a specific basket to make profits. So depending on your trading preference you should select the signal service provider who fits and meets most of your requirements.
This is also an important parameter which one should take a note of while selecting the signal service provider. The no. of signals provided per day varies from the service provider to service provider, the average ranges from 5 to 20. The number of signals per day is more critical for the day trader who prefers to have several trades in a day. The difference in the number of signals per day could be because of either or the combination of following reasons.
- Quality or higher-quality: The signal service provider is faced with the dilemma of whether to provide very high-quality signals but only few trading opportunity or high quality signals with little risk and more trading opportunity. The service provider selects either of it following their own strategy and philosophy.
No one is wrong here, but the selection should be made wisely.
- Traders who prefer to keep their trading as simple as possible at the same time make profits should go for few high-quality signals.
- Traders who want to take some risk and increase the possibility of higher return should select more quality signals.
Easy way – try the money back guarantee offers of both the signal service providers and select the one which suits your need, this way you will be able to select a perfect partner who fits your bill without even spending a penny.
- Number of assets which is being monitored: As discussed earlier, the binary market has hundreds of financial instruments available for the trading. So the signal service provider monitoring more number of assets will generate more signals compared to the signal service provider who monitors fewer assets.
To make it simple, while assessing the signal service provider you should look at the number of signals per assets. For instance, among two simple signal service provider, X is generating 5 signals from 5 assets and Y is generating 5 signals from 10 assets, then definitely the accuracy of the Y will be higher compared to the X.
Overall, it is important to understand each of the parameter mentioned above before selecting the signal partner. To make it simpler, you should definitely use the trial period of the selective signal service provider and assess their accuracy as well as their offering versus your requirements. This way, you will have a higher chance of selecting the right partner for your binary trading requirements.
Cost Versus Revenue Growth
Nothing in the world comes free and it is also true for the signal service providers. The cost of the signal service providers is generally in terms of the subscription fees per month and it varies according to the signals they offer. The signal service provider which predicts only the rise or fall of an asset (simple signal service provider) cost around $ 100 per month, while the complex and video lesson provider charge you up to $ 250 per month. As mentioned, the cost varies from the service provider to service provider and according to the types of signal they provide.
The next question which needs an immediate attention is whether they are worth the money? To find out the worthiness we have done some calculation, and they have provided hereunder for your consumption.
Per trade amount is $ 100.
The payout on winning trade is 80 % Your winning ratio is 60 %
Both the signal service providers deliver 10 signals per day.
The table is based on assumption as listed below the table. The data clearly indicates that if you are a binary trader having success ratio of 60 percent you can make $ 80 on a $ 1000 investment, but if you utilize the services of the signal service providers with either 70 percent or 80 percent success rate, your return on investment makes a quantum jump.
But if your per trade investment amount is $ 5, then your winnings with the X signal service per day would be $ 13 making it total of $ 260 (considering 20 trading days), and in the same way the total earnings using Y signal service, your winnings could be $ 440 in a month, making both still a viable alternative if they are costing $ 100 per month. But if the subscription cost is $ 250 for the X signal service then with the $ 5 per trade amount even though technically it is profitable but it doesn’t make real sense. Hence the cost benefit from the signal service is only useful if your per trade investment amount is higher than $ 10.
How to Measure The Effectiveness of The Signal Service Without Spending a Penny?
As a trader, you must ensure that whenever you are spending any money it is worth the cost. And hence it is even more important to test the efficacy of the signals before committing yourself to the signal service providers. There are several signal service providers in the market and it is very difficult to distinguish amongst the genuine and the scam artist. Every trader faces the dilemma whether to trust or not to trust.
To overcome the dilemma, we are outlining some well-known but less-used secrets.
To assess whether the signal service provider is genuine and provides the accuracy as claimed, you should search on the various review websites, customer forums, YouTube, and other social networking sites to get the reviews from real people who have used the services before.
This will help you gain the first hand information from the real users and allows to understand the signal service provider better.
The second step, which you must perform, in order to assess the signal service providers claim is through the demo or free accounts. Several binary brokers allow you to test your skills through a virtual currency demo accounts which replicate the real trading
but without the risk of losing real money.You should test the signals from the signal service provider on these demo accounts and estimate how the performance has been over few weeks. This way you can quantify the winning percentage over a few days and estimate whether the signal service provider offers what it claims.
Many signal service provider offers a money back guarantee or the trial period to test their signals. You should definitely use these offers to your advantage along with the demo accounts offered by the binary brokers. Make the good use of the trial period to evaluate and assess
how the signal service provider has performed over a period of time, and if it does not meet your requirements then try the next signal service provider. The trial should continue till you find the perfect partner who meets all your requirements.
Many signal service providers provide past performance of their signals but we would reiterate that you must conduct your own research and testing before subscribing to the signal service. The above guidelines are available freely for your consumption on the internet, but very few traders utilize it for their benefit. We would request you to make most of it to your benefit.
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References And Further Reading
- Global Positioning System: Signals, Measurements and Performance by Pratap Misra and Per Enge
- Determinants of bid-asked spreads in the over-the-counter market: George J. Benston, Robert L. Hagerman
- Channel coding with multilevel/phase signals: Ungerboeck, G
- Intrinsic vs. extrinsic value: Michael J. Zimmerman
- Over-the-Counter Markets: Darrell Duffie, Nicolae Gârleanu and Lasse Heje Pedersen
- A Distinction in Value: Intrinsic and for Its Own Sake: W. Rabinowicz, T. Rønnow-Rasmussen
- Competition and the Pricing of Dealer Service in the Over-the-Counter Stock Market: Seha M. Tinic and Richard R. West
- Characterization of Signals from Multiscale Edges: S. Mallat, S. Zhong
- Earnings, Cash Flows, and Ex Post Intrinsic Value of Equity: K. R. Subramanyam and Mohan Venkatachalam
- The effects of dividend yield and dividend policy on common stock prices and returns: Fischer Black, Myron Scholes
- Do Corporate Global Environmental Standards Create or Destroy Market Value?: Glen Dowell
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