Binary options have always been hailed as an easy path for beginners into the world of trading and profits. While a simple Put/Call binary option equation is indeed simple enough, and while it’s wholly transparent as well, its strategy implications are almost infinitely convoluted. Because of the payout rates (which are in the 70-89% range), one has to win far more than half of his/her trades just to break even. What this means is that in order to be successful with binary options, one needs to find a consistent way to come out ahead. This can be accomplished through proper technical analysis, to which the fundamentals have to be added as well. Such a task obviously exceeds the abilities and means of most rookie traders.
For such traders, a proper signal service is the answer. Letting others do the bulk of the “dirty work” is the only viable path. The problem is that like the greater binary options world, the industry that has sprung up around trading signals has given birth to quite a few scams as well. What one really needs is a legitimate service, like Auto Binary Signals.
Auto Binary Signals is a truly revolutionary trading method