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.
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