If you are interested in binary options, you have probably encountered many signal providers along the way and you are most likely asking yourself if they are reliable. You’ve seen their astonishing performance online and you are already thinking how much money you will make by just copying those trading ideas.
Is that really the truth?
Well, it’s not! You’ll have a nasty surprise after you open your account with them. You’ll see that their binary options trading performance is poorer than you thought and even though on the front page of the website it’s written you can get signals for free, it will turn out that there is a monthly fee involved in order to get high accuracy signals.
We do not want to say that all the signal providers are bad, from the contrary, there are some quite good. But you also need to understand that besides air, nothing is free. There are people working in order to generate those good signals and the best traders are well paid people. That money has to come from somebody and as you will be the one who will benefit from those ideas, have to pay.
Thinking that you’ll find trading ideas from binary options for free, without bothering to learn a strategy and work very hard to develop some skills, is too good to be true.
If you have a big budget, you can search for a good signal provider, with an audited track record and at least 2 years of experience. Keep in mind that you have to generate enough profit to cover the monthly fee for the signals and much more than that in order to break even. Reliable signals cost very much, you have to keep that in mind.
To summarize, don’t try to search for get rich quick schemes and don’t believe that you’ll make money with binary options just by copying another person’s ideas. Trading means much more than that and you need to work hard for results. For those of you with a considerable budget, signal providers could be good in certain circumstances, but you still need to know how to trade binary options yourself.