Thursday, August 14th, 2014 by Michael Freeman
In reference to my last YouTube video answering the question “Why most Binary Options Signals services FAIL? ” I decided to post this article for my blog subscribers and other readers who might be asking the same important question.
So why most signals services fail? The first reason, which is not what I am going to be discussing today is that many of the services are simply fake and/or have no clue on how to trade binary options and obviously can’t meet the advertised performance. However, this is not the reason I want to go over today and instead I want to discuss the reason why the highly rated, profitable services are often unable to deliver subscribers with a profitable trading results. There is a core issue that many services fail to address on their offer pages and it might be in deliberately but in doesn’t change the sad reality in which the end result is a losing performance!
The Reason why Most Binary Options Signals FAIL is because each broker offers different entry and expiry times so in many cases what happens is that the signals service or softwares sends/generates a signal, with the signal not matching any available expiry time on your trading platform. Many traders end up setting the expiry for 15,30 minutes later than the specified expiry on the signal. The problem is that even if you’re off by a few minutes in setting the expiry according to the signal, you can lose a potentially winning trade. Binary options are traded on short-term expiry times and price can be extremely volatile, every pip counts and if a trader is unable to match the signal’s expiry with an expiry that’s currently available on his/her live trading account, the signal is worthless.
Most of the signals services don’t address this issue and many traders end up giving up because they can’t seem to make sense of how to set the expiry according to the signal and based on all the feedback I am getting from traders, it seems like the issue is widespread and many signals services and software fail to find a solution to this significant matter.
I want you guys to take the Option Bot 2.0 as an example, as it’s one of the few software developed with this factor in mind. They found a solution to this problem by introducing a software that allows traders to maximize their ability to accurately trade each signal that is generated by the software by allowing traders to enter trades on multiple broker platforms simultaneously while automatically identifying the broker with the matching expiry for each signal the software generates. By the way, I am a great fan Gary Davis fan (the software developer), supporter and active trader on the Option Bot 2.0 and if you plan to trade / or currently trading with the Option Bot 2.0 I want you to checkout the YouTube video on my recommended trading hours, setting and currency pairs when trading on the Option Bot 2.0. (Optionbot Best Setting, hours and Assets) It’s one of the most popular software in the market today and maintained its reputation over the years due to its ability to retain their traders by delivering profitable results. The idea of trading a profitable signal on multiple platforms is very appealing as it allows traders to leverage the profits from each signal delivered by the Option Bot 2.0 while the signal’s expiry matches 2+ broker platforms.
If you shop around for a reliable software or signals services, your search might yield no results since almost none of the software or services in the binary options market today, managed to connect traders with the right brokers or take the necessary steps in order to create a software that can match each signal with the right expiry offered by their clients brokers.
I also operate my own signals group and send signals to a group of subscribers, I make sure to address this issue in my own way by sending signals with expiry times that are available on all broker platforms listed on my signals group and I also help traders understand the time zone differences in case there’s any confusion. Another issue is with support, if traders have no clue how to trade the signal and the service doesn’t offer proper support, the trader is bound to fail. The goal is to make sure that a trader is able to enter the trade %100 in accordance to the signal. The Option Bot 2.0 managed to automate this process while in my case, I don’t offer a software to my subscribers but my signals are delivered on time via email or SMS. If you are interested to participate in my signals group you can register on my Mike’s Signals Group Page!
My conclusion is that obviously there’s a way to solve this issue but most binary options signals simply don’t care if the signal matches the trader’s entry/expiry times and in many cases this is the reason why most services, reliable or not, end up failing their subscribers!
I hope this article clarified this very important issue that bothers many traders. I receive many emails from traders who report failed experiences and often with services that are known to achieve good results and receive high ratings, yet if they fail to connect their traders with the right brokers, chances are they might set their traders for failure.
Visit my list of Recommended Signals on the BinaryoptionsChannel.com
If you have any questions on binary options signals services, software or anything else relating to binary options you are welcome to comment below