Does Binary Options Pro Signals Really Work or Is it a Scam? Here is a review of B.O.P.S. Team's Program:
Binary options are trading options where the payout is either nothing at all or a fixed amount of cash or asset value. There are two main types of binary options: (1) Cash-or-nothing (2) Asset-or-nothing.
These options get their name “binary” from the fact that there are only two possible outcomes to the trade. Cash-or-nothing options pay a fixed amount of cash when the option closes in the money while asset-or-nothing options pay out whatever the value of the given security is.
Professional Trading Software
Binary Options Pro Signals is a service that provides real time binary trading signals generated with what they call neural adaptive software. The system sends out e-mail alerts when it identifies a favorable potential trade, and all you have to do is make the specified trade. Then you just wait for the trade to expire to see if it closes in the money.
The service focuses primarily on the Foreign Exchange System, and sends signals for seven different currency pairs. There is also an option to get bonus signals that cover three different markets including:
- Currency pair for (EUR/GBP)
- S&P 500
- Dow Jones
How it Works
The service is offered via a membership to the website, and when you sign up you are given login details that allow you to access the features of the service. The process of becoming a member is straightforward, and checkout is secure. Once you log in to the member’s area you can view the most recent signals sent out and even browse past results.
The signals that the service sends out all involve “Call” or “Put” trades to ensure compatibility with a broad range of option contracts. With each signal you get all the relevant information you will need to place your trade—after that you just act on the signal and place it in your account.
The information you get with each signal includes:
- Asset to be traded
- Call or Put
- Price to buy in
- Expiration time to set
Time is of the Essence
One important thing to make note of is that these signals must be acted upon very quickly in order for you to turn a profit. The markets are in a constant state of flux, and minutes matter. Any hesitation on your part can lead to unfavorable results, so be prepared to pull the trigger as soon as you get a signal. Many members opt to get their signals via instant messaging rather than email, as they can be sure they are aware of it as soon as it is sent. Signals are now even available via Skype, which is an option I highly recommend. You can use the “settings” tab in your member’s area dashboard to set your preferred method of receiving signals.
In looking through the history of signals sent you can see that 20-30 signals are sent out each month. There may be days when no signals are sent, and days when there is more than one—it all depends on what is going on in the market. On rare occasions 2-3 days will go by without a signal.
When I judge a trading system like this I look at two main criteria:
- The accuracy of the signals it offers
- The ease with which trades can be placed
I give Binary Options Pro Signals a “B+” for accuracy and an “A” for ease of trading. You won’t win with every trade you place, but percentages reliably fall around 75%, which is pretty good in my opinion. It will certainly keep you in the black with your trading.
It is very easy to place the signals with this system, which is crucial since they are so time sensitive. I will reiterate the importance of using an instant messenger service to get your signals, as this will ensure that you are able to place your signals at just the right time to maximize winnings.
If you want to give the system a trial run before you commit, they offer a 7-day trial for only $7. This is a great option, as it will allow you to get a feel for how the system works and see how easy it is to profit from the signals.