AutoBinary Signals-Review

Today we shall have a look on BinarySignals, what they are and can one really earn profit by investing the hefty sum?

Signals are recommendations online traders receive in order to identify potential trades. They present traders of all major markets (commodities, indices, stocks and forex) the right asset, predetermined time period and direction for a profitable trade.

"Specifically designed for the binary options trading arena, BinarySignals offer you a competitive advantage over the rest of the traders as they provide you with real-time recommendations for successful trades on a daily basis."

According to Wikipedia, BinaryOptions mean:-

In finance, a binary option is a type of option in which the payoff can take only two possible outcomes, either some fixed monetary amount (or a precise predefined quantity or units of some asset) or nothing at all (in contrast to ordinary financial options that typically have a continuous spectrum of payoff). The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The cash-or-nothing binary option pays some fixed amount of cash if the option expires in-the-money while the asset-or-nothing pays the value of the underlying security. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange).

In simpler terms, Binary option signals are alerts provided to binary traders to help them decide which direction the price of the underlying asset will take. These signals are often created by experienced binary options traders to those investors subscribed to the service. With these alerts, it is possible for a binary options trader to reduce the risks of losing the investment because of a wrong decision.

Although using signals is a quick and easy procedure for traders, producing signals is a complex and much demanding task, which is performed by super brokers and top-notch investment managers who combine their fundamental and technical analyses into a short and easy to understand signal format.

The signals format shows you the name of an asset, a predetermined time period and the assets direction. Here’s an example of how a signal looks like when you receive it: 'JPY Put 30m.' This signal recommends that you invest in the Japanese Yan, in a Put option for 30 Minutes.

What makes these trading signals even more appealing is the way you receive them. Sent via email or in the form of an SMS, you can also enjoy them on your smartphone and thus never miss a promising opportunity.

How Binary Options Signals Work?

Binary signals are often used in mirror trading. This means that a binary trader who is subscribed to a particular signals provider need not do anything. The software will execute the same binary options trade like that taken by the signals provider. This method will reduce the risks faced by new binary options trader because most signals providers are considered experts in the field. However, there are also signals which aren’t automated to allow subscribers to think first before the same trade is executed by the software.

The Need for Binary Options Signal?

Binary options trading are a relatively new type of investment. As such, it doesn’t have the same tools being offered by stock, commodities, and forex trading. Therefore, in order to help new and inexperienced binary options traders, more experienced traders provide signals by analyzing the underlying asset in order to predict the direction of its price.

What is  the use of Auto Binary Signals?

Auto Binary signal comes across as very user friendly software and its services can be used by traders at various skill levels, to quickly learn the trading strategies and start earning profits. The software clearly depicts the indicators of demand and supply on the basis of which the traders can take a thoughtful trade decision. It has certain charts and graphical depictions that make it quite lucid and clear to make investment decisions. Auto Binary Signals comes with a remarkable success rate of 90%.

Most of us lack knowledge and tactics when it comes to binary options trading. And while we are investing we would take a large sum of time to decide where to invest. These software's will be a great solution for all these. It offers the services with just one click and analyses everything as per the present market trends which, to us would have taken quite a long time.

Then the software will be passing signals in the dashboard for winning trades. All you have to do it select one and invest according to your budget. Auto Binary Signals program comes as a blessing in disguise for many.

In order to check the authenticity of these claims, I ended up shyly investing a hefty sum of 200$ (INR 12000 approx). In the beginning I started by googling for a list of AutoBinary Signals providers. I found many websites claiming to be free providers, but in the end they all demanded large sums of money to complete the registration (or with some other excuse.)

However, during this time I also came to know about Roger Pierce (creator of AutoBinary Signals.)

I visited his website a few times and found it to be very similar to some of the *free* websites I had already visited. Thus, I ended up being more confused than ever. In the end I registered blindly for his website based on the sole fact that he was the originator of this idea. And, I waited anxiously dreading the moment when I shall discover that I had became a victim of some scam. But, after a period of 2 weeks, I recieved an email from this Pierce guy stating that I had made a neat profit of 5$ by investing in his website. Well it turned out that I made a profit of just 2$ after deducting the taxes and some fee (thus I withdrew 202$ in the end.) Even though 2$ is not much for 2 weeks, at least the website is genuine and a profit is a profit no matter how little. Herein, I would like to inform you that you can earn more than 2$ if you are willing to invest more and take the risk (nothing like you earn 2$ even if you invest 1000$ and also contrary to what some traders may believe, the more you invest less the risk you hold.)

Hence, the idea of AutoBinary signals is genuine and profiting too if you can invest high, but many of the so-called *free* websites are nothing but scams. There is a larger amount of fake websites than the genuine ones. Also before investing high in any website that promises an offer that is too good to be true, then it probably is.

Also if you wish to invest in Roger Pierce's website, the place where I earned my *neat* profit of 2$ then you can visit it here.

Or, later I discovered some great new websites that offer an even greater variety of services that are not included in autobinarysignals.com:-

    

      QuantumBinary Signals- A very reputed company that has been in this line of business for more than 20 years. They even offer the possibility of receiving updates on your cell phones and email's. Also they offer a 7-day trial for 10$. They boast of having 100% customer satisfaction.They have a regular monthly/yearly subscription and have no minimum investment limit, so one can invest any amount of money based on their lifestyle. This is also my favorite website, as they do not have any hidden charges unlike Roger Pierce's website. You can visit the website here.

       100percent winners- A comparatively new yet dignified company in this line of business. They offer the possibility of receiving updates on your cell phone. They boast of having 100% winners. This means that no person who has joined their website has ever lost. They rely solely on bets placed on sports (don't worry, its legal!!) Also they have a 60-day money back gurantee. Most importantly, they have a free one-week trial package for windows, mac and linux. You can visit the website here.

Both the websites that I mentioned above are better than AutoBinary Signals in certain aspects. They both offer some services that are not available in Roger's website. Although Roger is mostly credited as the originator of the idea of binary signals, his website lacks many crucial features which can be found in these two websites.

Advantages & Disadvantages For AutoBinarySignals.com

   Pros:-

  Auto Binary signal comes across as very user friendly software. 

  Its services can be used by traders at various skill levels, to quickly learn the trading strategies and start earning profits. 

  The software clearly depicts the indicators of demand and supply on the basis of which the traders can take a thoughtful trade decision. 

  It has certain charts and graphical depictions that make it quite lucid and clear to make investment decisions. 

  Auto Binary Signals comes with a remarkable success rate of 90%.

  Awarded a higher welcome bonus from your broker for greater deposits which is really important especially when making your first few trades.

   Cons:-

  The minimum amount to invest is 200$ (which is not quite that low.)

   Lots of scam/fake websites that outnumber the genuine ones by far-(General)

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