Category Archives: Signals Trading

The Geek’s Top Five Binary Options Signals For Social Trading

There are a lot of sources for binary options signals. They range from autotrading software to signal service providers to copy trading and social trading. The problem is that a lot of them are bogus. They are nothing more than a marketing scheme designed to separate you from your money. The offers of free signals with high rates of return are alluring but always come with a catch, you have to make a deposit in order to trade with them. This reason alone is often enough to expose the scam but others have gone to extreme lengths in order to hide the truth and pull the wool over traders eyes.

I am here today to unveil what I think are the top five sources of binary options signals for social traders. I have spent a lot of time seeking out legitimate sources of signals and over the past few years found what I consider to be decent providers. They offer a range of services, not only for tips and signals, but also as tools for social trading. If you are tired of wasting your time with all the scams, this is the list for you.

The Geek’s Top Five Binary Options Signals For Social Trading

#5 – Markets Gear – Markets Gear is a pure signals channel. They offer a wide range of trading tips on a number of assets and in different time frames and little more. In fact, they offer so many tips that sometimes it is like drinking water through a fire hose. This is where many users make their mistake; trading too much or getting overwhelmed and trading too randomly. If you take all the signals then it is likely you will be trading way to much to keep track of, with random results and may at best break even. If you pick and choose random trades you may do no better.

marketsgear signals provide a great way to get started copy trading binary options.
marketsgear signals provide a great way to get started copy trading binary options.

My suggestion is to choose an asset that they give tips on and to trade only those tips. You can further this by using a little of your own chart analysis to determine trends and if you will only trade call signals or put signals. Another trick to help cut down on randomness and irregular results is trade only certain time frames. In any event, MarketsGear.com is my #5 choice of signal provider because the signals are reliable and can be used by newbies to begin honing their strategies and techniques. You can sign up for free but in order to get the most up to date signals you will have to sign up with one of their approved brokers. MarketsGear is not a broker so traders from any country are welcome to join, minimum deposits and bonuses will vary from broker to broker.

#4 – CTOptions Binary Replicator – CT Options Binary Replicator is a unique copy trading platform built on the Panda TS trading software. CTOptions is well known and respected broker with binary options for short and long term traders. Their copy trading platform offers traders a chance to find and follow the best traders using CTOptions. Copying a great way for newbies to get started with trading and can be a reliable source of signals for more experienced traders as well. And, to be honest, not everyone can be a good trader, copy trading makes it easy for those who have had a hard time trading for themselves enter the market with a relatively decent chance at making a profit. Copying is available directly through the trade platform and done through a leader board. You pick the trader, or traders, that you like and their trades are copied in your account.

Binary Options Replicator, Copy Trading Platform.
Binary Options Replicator, Copy Trading Platform.

To get the best results pick traders with good win rates but high numbers of trades. 90% wins is OK, but doesn’t mean squat if there are only 10 trades in the account. I prefer traders with lower win rates, but thousands of trades. Minimum deposit is $250, minimum trade size is $5 and there is a demo account. Last time I checked US traders were still being accepted and bonuses are available, including risk free trades. The Binary Replicator is #4 on my list because it is a good source for simple copy trading on a reliable broker.

#3 – Trade4Me.com - Trade4Me.com is a stand alone binary options copy trading and auto trading dashboard. It is compatible with MT4, has direct connection with Stockpair and is linked to several other brokers for copy and auto-trading. Signing up is free but in order to receive signals you will need a broker. The platform is really great for those using Stockpair as the “web trader” feature is a direct link to the broker that can be used to take or give signals. The dashboard is compatible with MT4, NinjaTrader and Matlab with API for you to use your own EA’s, or send out signals to your follows on Trade4Me. This one is #3 on my list because it is an all around source for copy and signal trading, including sending out your own signals.

Trade4Me.com Leader Board
Trade4Me.com Leader Board

#2 – iFollow Copy Trading – iFollow, also known as SpotFollow, is a full service copy trading platform offered by SpotOption. It is built on the same algorithms that drive forex social trading website ZuluTrade. The dash board is based on a leader board same as with the Replicator but it has more features. The leader board can be filtered by asset along with other controls to limit the size of your trades, the number of trades you will follow, the amount of time you will follow and the maximum losses you are willing to accept. What makes it stand above other copy trading is the algorithms which allow for such fine tuning in your account, as well as the ability to filter traders by asset. Each account is allowed to follow 5 or more traders which makes account diversification and management a breeze. The real beauty of this platform is that it is a white label so you are not restricted to using it with only one broker.
ifollow social trading binary options

EmpireOption, CherryTrade and FMTrader are all top choices for iFollow copy trading, with the added bonus of having forex and CFD trading to boot. Minimum deposit is $200 for Empire and Cherry Trade, $250 for FMTrader with bonuses available with each. EmpireOption and CherryTrade are both accepting US traders at this time. This is my #2 pick for versatility, in broker choices as well as trade management.

copy 1 of investooad#1- Investoo.com – Investoo.com has been on my radar for a while now. The website emerged as a good source of education, tips and signals and suffice it say has lived up to my first impressions and more. What they are is three things; a video library, a source of signals and source of MT4 compatible indicator systems that generate signals. What you get is over 300 videos an average of 20 minutes each which go over in detail everything you need to know to be a successful technical analyst and trader. Along with that are signals and access to three different indicators. The indicators are not infallible, even Investoo will tell you that, but are a good foundation for traders to build strategies on MACD, PSAR and the Stochastic indicator.

New members have three choices, use the free videos, pay $100 for full access or sign up with a new broker and get free access so there are choices for everyone. Obviously, free users will only get limited access but those videos are still useful to new traders or those who want to brush up on basic techniques. Investoo.com is my #1 pick because it is the best source of educational tools for social traders. The videos alone are worth $100, the indicators and signals are icing on the cake. Hand in hand the combination is a total package in terms of education and binary option signals; you get the tools to create you own signals on well known indicators AND the education to use them.

TraderAgency – More Than Binary Options Signals

UPDATE – TraderAgency has unfortunately been forced to shut down. You can continue to find me here and on Communitraders with the rest of the coaches.

TraderAgency is a new website with headquarters located at 6252 Commercial Way #138, Spring Hill, Florida 34613. It is aimed at forex and binary options signals trading, but with a couple of interesting twists. The platform is the brainchild of Dillon Krieder, long time trader and accomplished eBusinessman. He has combined his years of experience with trading and marketing to produce a platform for social and copy trading that provides an avenue for traders and signal service providers to make money. The platform enables members to benefit in three ways; you can copy/signal trade with the pros, you can post your personalized links to attract new members or you can market your skills and services to other traders on the network.

TraderAgency – Signals/Copy Trading/Education
Platform
Profiles
Copy Trade
Signals
Mentor
Coaches
TraderAgency
YES
YES
$99/Month
YES
$200/Hour
traderagency_468X97
TraderAgency is now in pre-launch, sign up is free for a limited time only, act now!


What Is TraderAgency

Coaching/Mentoring is one of the best methods of learning and is what TraderAgency is based on. As a social trader I am always listening to the advice of those with more experience, or passing on experience of my own, so the idea of mentors for trading comes as no surprise. I have even had my own coaches in the past, more than one in fact, and all have helped me get to where I am now. The hard part for most of us is finding one, and when you find one knowing if they are for real or full of BS. Forums are a great place to find advice but have one major drawback, they aren’t live so it’s hard to get real time advice. This is where TraderAgency steps in. An experienced professional with the goals of training and improving up and coming traders is an invaluable resource for new traders and that is what TA provides.

  • The main feature is the Training Center and Digital Library. It contains a full line of digital media aids for binary traders including ebooks, videos and full courses for beginner, intermediate and advanced traders. This feature costs $29 per month as a stand alone product, a real deal when considering it takes at least a minimum deposit to gain access to similar tools at a broker.
  • The Binary Options Trade Room is the flagship product. It is a live trading room where you can watch pros as they trade. Each pro gives detailed instructions into the technique and strategies used. Members can copy the trades and learn from them in real time. Pro traders have been recruited from the web’s top trading communities including Babypips and Communitraders. The session will be open 3-5 hours a day, 5 days a week, during peak market hours. This feature costs $99 per month and includes full access to the digital library and video courses. The live trading sessions are also recorded so you can review at any time.
  • One-on-One coaching is more expensive, $200 per hour, but is even more helpful for those trying to get a head start on trading. Members can choose from the top traders for one hour sessions on topics of their choice. These can include, but are not limited to, introduction to technical analysis, how to set up a trades, strategy development, risk management and many others.
TraderAgency Is More Than Binary Options Signals

The TraderAgency is more than a signal or copy trading platform. The agency is also a means for traders to market themselves and their products, including the agency itself. All members are automatically enrolled in the affiliate network which means all you have to do is post your link or sign up a few of your friends and fellow traders. In no time at all you’ll be able to make back your initial investment from joining the agency, and possibly earning a little extra to boot.

More advanced marketers and/or those with their own blogs, websites or social media networks may can create a nice revenue stream simply from signing up newbies. Add to this the Trader Market and things get really interesting. The Trader Market is where, for a one time $99 set up fee, traders/signal providers/software developers can market their skills and products on a personalized eStore. This is a perfect opportunity for anyone with the knowledge and desire to help other traders.

TraderAgency is currently in its beta testing and pre-launch phase. The site administrators and engineers expect to be fully functional sometime summer 2015. Until then they are accepting first round members and prospective marketers free of charge. This is a limited time offer so you must act now to participate. To go to TraderAgency click here.

The Yin And Yang Of Binary Options Robots

Two Sides To Every Robot

When first introduced to binary options robots I was at once intrigued and repelled. The idea of using an automated system to provide analysis, generate signals and help newbies get on their feet is one that I really like. The idea of letting someone else, be it a robot or a person, trade for me is something entirely different. You might say I have a love/hate relationship with them. On the one hand are useful tools that can easily be incorporated into a trading lifestyle and on the other are tools used by the shadiest scammers on the internet. Before we move on I want to make one thing clear. I am in favor of trading tools, I am 100% opposed to having automated trading software make trades in my account.

What Is A Binary Options Robot

These are not machines that sit in front of your computer and make trades. What they are is a classification of software that perform an automated task. This task can be as simple as tracking the market and printing an arrow on your screen when it’s a time to buy or sell or as complex as linking to your trading account and executing the trades for you. In between are a wide variety of services and businesses aimed at one of two things; helping you learn to trade or helping themselves to your money.

Robots are not a bad thing, there are good robots and bad robots all over popular culture. You have the friendly and ever helpful C3P0, you have the always oppressive Terminator. The same is true with binary options software; some are good and some are bad. When you boil it down what you are left with is a computerized trading strategy based on a set criteria. When the market, price action and indicators come into alignment it generates a signal, just like you would do manually if you were using the same strategy.

In today’s world you will most likely run across a robot in the form of a signal service provider or auto-trader. The SSP will use the robot, based on a proprietary strategy or analysis, to produce signals that are then passed on to you. The auto-trader does the same thing and takes the extra step of placing a trade for you.

The thing about these services, and in particular auto-trading services, is that without a human element the signals are worth next to nothing. Every strategy will produce a false signals and bad signals no matter how good it is, or how good the trader using it is. Strategies are only the framework for our trading. They provide a stating off point from which we can begin to trade with confidence. Strategies should produce more wins that losses but it takes experience and a knowledge of the markets to weed enough of the bad signals out to become truly profitable. An automated trading robot does not have what it takes to do that, any and all signals produced will cause a trade in your account.

  • Experienced traders can have their trading strategies coded into an Electronic Adviser. EA’s are programs that generate signals based on set trading rules. They are what binary options robots are made of.

How To Use Binary Options Signals And Robots

Binary options robots can be used as part of your education, if you use the right ones. I suggest finding one that you can download to your own computer that is based on standard indicators and that you do not have to auto-trade. The key here is to use the robot as part of your learning, let it become the framework on which you build your trading system. You can follow along with the bot and watch it as it gives signals. You can use rules based on the standard use of the indicator the bot is based on and take only the appropriate signals as they appear. While you are doing this you should also apply money management to your trading. Using a set, small, percentage of your account for each trade is only the first step in the process but helps turn the robot framework into a more fully fleshed trading system suitable for social trading.

Read : Trading With Investoo.com Indicators

Robots; The Good, The Bad and Ugly

There is no right or wrong answer when talking about binary options robots. There are most definitely evil robots, indifferent robots, scam robots and good robots it all just comes down to which one you pick. Any robot that takes over your computer, or places trades in your account is something to be vary wary of. If you don’t know who wrote it, what it does or have control over how it trades you are more likely to have your account automatically emptied, not doubled. Robots that you can use as a tool, ones that operate with transparency and help traders learn to use strategy are much different. It’s like on Star Wars, would you rather be helped by R2-D2 or that crazy four arm bastard, General Grievous?

Signal Trading Binary Options With MarketsGear.Com


Geek Approved!


Signals are a great method for copy trade binary options, provided you find a reliable source. Marketsgear.com is just such a place. The website is a dashboard for signal traders offering timely alerts useful for beginning and experienced traders alike. The platform supports over 60 assets, delivers more than 100 signals per month, carries a success rate over 80% and is completely free. I know at this point you are probably thinking scam but based on my research I think you can safely use this service.

MarketsGear is a stand alone that can be used across all of the major trading platforms so there is little fear of them working in tandem with a shady broker. In order to receive the signals you will have to open an account with one of their brokers, all of which are respected in the industry. It is in their interest to provide good trading tips and hook you up with good brokers otherwise no one would want to use them.

It is still possible to lose your ass by trading wildly but if you stick to some simple rules I think you will find the signals to be worth your time. The trick, and this is something that Marketsgear explains clearly on their website, is to use strict risk management and stick to one strategy – I’ll explain that in just a minute.


How To Trade MarketsGear Signals

The signals are delivered throughout the day when respective markets are open. This provides a potential window for trading that is 24hrs, depending on what assets you choose to follow. Signals are given for more than 60 assets with three basic strategies ranked by expiry; short term 15 minute, mid term 30 minute and longer term 1 hour. There will be signals for each asset in each time frame, you just have to wait for them to appear. The signals are also ranked by their probability. A five star trade is more likely to close in-the-money than a 4.5 star or 3.75 star signal. In order to get the best results it is advisable to choose an asset, but also a time frame and a risk tolerance. This means that you may only trade EUR/USD when it is a 30 minute signal and at least 4 stars.

marketsgear signals provide a great way to get started copy trading binary options.
marketsgear signals provide a great way to get started copy trading binary options.

Choosing a strategy as I described above is a great way to limit your risk and ensure you maximize your results but it is still possible to wipe yourself with risky behavior. This is why Marketsgear, and I fully support them in this, advises strict money management rules to go alongside your trading rules. They advise using only 5% of your account on any one trade, and to only have 15% (three trades) of your account open to risk at one time. I think this is a fantastic set of rules and ones that can be used even after you grow past the need for signals. I might suggest using a lower trade amount, like 3%, in order to get 5 trades instead of 3. Whatever it is you choose to do, choose to do it and stick to it otherwise you may find yourself busted simply because you lost it all on one lousy trade.

My Last Thoughts On MarketsGear Signals

MarketsGear is not infallible, no trader or trading system is. The system is a good one though if used correctly. The signals are timely and when used with the right approach can be turned into profits. I usually recommend for new traders to learn trading on their own but today what I want to say is this. You should learn to trade on your own but you have to start somewhere. Following signals blindly is a sure way to failure, following signals with the intention of learning is something completely different. Use the strategies, follow the assets, practice the account management, stick to the risk management and copy trade your way to success. Like I always say, fake it till you make it!