Binary Option Pro Signals (BOPS) is one of the newer but increasingly popular signals providers for binary options traders.
Binary Options Pro Signals Review
When a trading opportunity avails itself, traders can conveniently access signals on a real time basis via SMS or email. In addition to the SMS and email alerts, traders can also receive signal alerts through Skype.
The signals sent include the entry price, expiry time, the type of underlying asset as well as the CALL or PUT position. If you deem the signal favorable, you only need to place the trade that has been sent to you and then wait for the expiry time to elapse to see whether you have incurred a profit your trade. Trading using this platform is easy and convenient.
Number of assets
BOPS has increased the number of assets it provides signals for from just 7 to 14 assets. The assets include popular currency pairs such as EUR/JPY, USD/CAD, GBP/USD, AUD/USD, EUR/USD, USD/CHF, and stocks such as IBM, Apple, Google, Coca-Cola, Dow Jones, ExxonMobil, JP Morgan Case, and the S&P 500 index. Traders can receive signals from both European and U.S. trading sessions.
Accuracy of signals
Traders can expect to receive between 6 and 12 signals each day. This does not mean that you can trade every day; whether or not you can execute a trade depends on the market conditions. According to BOPS, the signals they provide have an impressive 72.5% accuracy for all the assets they monitor.
This provide is able to generate high accuracy signals thanks to their ‘proprietary algorithms’ which are created by financial market traders with extensive experience and in-depth expertise. In addition to the algorithms, human traders also oversee the formulation of signals in accordance to market conditions. The high level of accuracy means that you are able to profit from most of the trades that you execute. To generate profits most of the time, the accuracy and thus the winning ratio needs to be a least 65%. When you compare this standard ratio to the accuracy level guaranteed by BOPS, you would see that there are high chances of making profits from most of the trades you execute.
A major advantage of the Binary Options Pro Signals provider is its ease of use. Traders need to make a quick registration after which they will gain access to a list of binary brokers with whom they can trade. You will then start to receive email, SMS or Skype notification. It is as simple as that.
Admittedly, this particular platform is on the higher side when it comes to the investment. Traders are billed only $14 for the first 14 days and then $97 each month.
· The best way to determine whether a signal provider is worth your investment is the ease of use and the level of accuracy. At 72.5% accuracy, this provider guarantees an impressive winning ratio meaning that you can make profits most of the time.
· It is easy to place a trade soon as you receive the signals, allowing you to leverage the typically short expiry times associated with binary options trading.
· The delivery of signals via email, SMS and Skype is convenient and ensures that you receive the notifications in time to execute a trade.
· Expensive compared to other providers. However, there is a 60-day money back guarantee.