Binary Options Watchdog Review- Trading Signals Perspective
Binary Options Watchdog (aka. BinaryOptionsWatchdog.com) Mission Statement – If you think you’re safe with just about any binary options broker you are mistaken because the scam sites will do everything they can to come across as professional and empathetic to your financial goals while in reality they’re after your money. Save yourself from the degrading experience of getting scammed and trade with reliable sites!
Traders are either professionals (institutional) working in a financial institution or a corporation, or individual (retail). A person or institution who wants to make money trading in the trading world will have to understand the core values behind the institution or trader that they choose to follow or learn their art from. In order to master the profession and become a successful retail or institutional trader, an individual or institution will need understand the logic behind every candle, every asset and every trade that they conduct. It requires embracing winning runs and learning from out of money trades. It is a lot to take and grasp but it can be done but with time.
Several categories and designations for diverse kinds of traders or institutions are found in finance. To understand which expert or institution to follow it is important to understand their core ethos which can be classified into different categories be it a Day Trader, Rogue Trader, Floor Trader, Stock Trader or High Frequency Trader. Larger institutions who trade in the masses are normally classified as the market makers. The individual day trader who trades smaller amounts are normally classified as the retail trader. The institution or middleman so to speak between these two is normally classified as the broker or agent.
Learning from the experts is indeed a good way to start as it will help in understanding the different types of analysis be it technical, fundamental or sentimental. Many traders start their journey by following a broker or service that provide binary options signals. These agents of the binary options world unfortunately more often than not tend to have their own values and goals which may not be conducive to the needs and desires of the individual traders desires. Binary Options Watchdog is a dedicated portal that is designed purely to help ascertain the facts behind each broker, signals provider (manual or automated) or learning institution despite what many other reviews suggest.
It much like us embrace the concepts of a security, fair trading or a need for a proper regulatory framework whereby those wrong doers are isolated, caught out, ‘named and shamed’ and brought to justice wherever possible. The Binary Options Watch Dog web site is supposed to uncover binary options scams, which it does in most cases, but if one were to go and support a negative or a positive signals provider or broker then the Watch Dog’s stance on this like us is that each trader does so fully informed of all the facts and in their own capacity, fully understanding the risks and rewards involved.
This Binary Options Watchdog review is about this website: BinaryOptionsWatchdog.com, one of the most respected Binary Options blogs that you will find anywhere. We will answer your questions such as, can the Binary Watchdog be trusted? Why is it one of the top binary options websites? What about the reviews of binary options systems that the Binary Options Watchdog does, can they be trusted?
After seeing a great success at fighting binary options scams for over 5 years with our previous blacklist, we decided to create this page in order to help our visitors continue and fight back. We are now able to help traders file disputes and complaints against those who are ruining the binary options industry by conning day-traders with malicious, deceptive services and unregulated companies. We’ve seen brokers go down and all it takes is your feedback and legitimate complaints! Help us expose fraud operations!
This is what we found in their scams page. A page that much similar to our red card page looks to assess the validity of a product, discrepancies found in their advertising and regulatory framework, customer reviews on the product reviewed and possible recommendations available in terms of recovering lost damages or finding suitable alternatives.
A fully licensed broker is one that adheres and is registered with a regulatory body. Check out Red card page for what we consider as a regulated broker.
Some markets remain unregulated in which case you are better off with an unregulated broker if you are based in those markets. In such instances we would look at reviews from prior and existing customers of that broker before deciding to invest. The financial market is largely an Over The Counter (OTC) market and this makes it difficult to subject a particular company to a specific set of regulatory framework. For a more in-depth view of understanding frameworks and which brokers to select check out our review:- binaryumpire.com/binaryoptionsbrokers.
Binary Options Watchdog much like us look to encouraging using a broker that has a proven track record, in terms of its regulations, customer support it offers, spreads and deposit and withdrawal policies. TopOptions, AnyOptions and TradeThunder are some examples of brokers that both we and watchdog have endorsed as they have ticked most if not all the important values to a satisfactory standard that we embrace.
If you are interested to trade with a broker directly and without the potential risk to lose money with a signals provider, note that you can trade directly using technical analysis. Visit our Signals Page and maybe try your art with a low deposit broker. You can deposit as low as $20 and execute $1 trades. For beginners it may be a great way to give it time and see if on line trading is for you.
Can Binary Options Watchdog and its Reviews be Trusted?
Binary Options Watchdog sole purpose is to ensure that retail traders operate in safe environment. It offers reviews on various products giving as much factual information as possible so that a possible investor can make an informed judgement. From time to time it will provide positive and negative recommendations on some products as we have seen. The criteria it uses to do this is to much like us put the requirements of the end user first. There are a very few sites out there that provide honest and unbiased Binary Options reviews, Binary Options Watchdog tends is one of them.
This is what some of the loyal Binary WatchDog subscribers have said about the blog:
There are many many more candid testimonials just like these. They are easily viewable, and off course you’re welcome to go fact-check them yourself. Binary Options Watchdog has a strong presence on line with good reasoning, and we would recommend that viewers when performing due diligence to look at such sites in addition to ours for a more comprehensive overview into a particular product or service.
We would not encourage looking at blog’s like Is-Scam, phenomenal Signals or binaryoptionsbrokers.net which are more affiliate driven websites and have very little or no authority in the industry when it comes to dealing with customer complaints.
Binary Options Signalling Services
Binary Options Signals Robots:-
Most Signalling Service that we have reviewed recently and witnessed over the years operate using this framework rather than traditional schooling methods. The reason for that is the high demand for quick and easy online money making. Although we encourage traditional schooling methods that follow the ‘self-development ethos’ and having the right mindset, we have to look towards every option in the industry and assess their credentials similar to what Binary Options Watchdog thus ensuring that every retail trade who subscribes to our blogs is well informed of the various options available to them. Contrary to what most sites suggest Binary Options Watchdog is not an affiliate driven site, it is more like us in that it will endorse those products and opportunities that do not use fake gimmicks, address the risks in an appropriate way and do not over indulge on high returns using methods such martingale or compounding.
Don’t be fooled by empty promises of turning $100 into $2000 within 60 seconds as you might have already seen on Youtube Videos and articles across the web. In reality, trading binary options is as complex as any other form of online trading and the more work you put into understanding how it works and into ‘learning new strategies’, the better you will perform as a trader! I can guarantee that you will be ahead of traders who rely on ‘brainless strategies’ and worst, traders who sign up with a scam broker.
The above quote is what the Binary Options Watchdog highlights and it is a view that we share. Many people who have no trading experience whatsoever are looking to make money fast with binary options. Usually they have to work in a day-job so they cannot afford to spend enough time in front of their computers which is perfectly understandable. However we encourage these individuals to perform due diligence before investing in any new or exiting signalling service. We at Binary Umpire normally look to assess various signalling services that have recently been introduced and or introduced in the past. We normally look to provide as much factual information as possible so as to give the potential investor a better understanding into the nature of a particular product. Check out our blogs to find out which services are scams. If you would like us to review a particular product or service not yet addressed please feel to contact us.
In the context of auto mated signals, unfortunately, there are many scam signal services, offering a magical solution to make money with fully-automated bots. In such instances we would encourage individuals to use semi-automated bots which encompass bit of both that is signal generation and a ‘click button service’ where you can place trades that are synced into a broker’s account. This would then allow you to perform technical and fundamental analysis to assess the validity the probability of a potential signal being ‘in the money‘.
Here are some of our trusted providers of automated trading signals:
- Mike’s AutoTrader is a WatchDog-approved binary options trading software that has been proven over time. It is our most recommended signal services and continues to provide positive results. Here’s my review on Mike’s AutoTrader.
- Virtnext.com: The top binary options trading robot for 2015! It’s also endorsed by Binary Options WatchDog. Read my review on Virtnext Software Review.
- Dow Jones Focus Group:- Another top product of 2015! It also comes fully endorsed by Binary Options Watchdog. Read my review on Dow Jones Focus Group Review
- Cash Camp– A product that has seen good reviews and also received positive reviews from various authoritative sites
Here are some of the rogue providers who like Binary Options Watchdog we would not recommend.
Manual Signalling Services:-
Manual signal services are the best option for most binary options traders. If you join a manual signal service, you will receive signals, usually via email, text messages, Facebook, or a special platform, and need to apply them manually to your trading account. Manual trading is also a stepping stone for one to become a trader on his own right. The real good services are those that promote self development and offer tutorials on regularly into understanding having the right mentality and being patient in addition to providing proven strategies thus ensuring long term success. Michael Freeman’s Secret Manual Signals Group on Facebook is the best signal service which offer these services that we have come across.
It has a strong 4000 trader following and has a you-tube channel which provides informed insights into having a traders mentality and offers various strategies which professional traders use to conduct their own trades. The signalling group provide very high quality signals 24 hours a day, 5 days a week with success rates of up to 80% ITM week in week out. If you clear your cookies and sign up with any signal service or broker via one of my referral links such as top option or any of the brokers we have recommended we will provide you a free invitation to Mike’s Trading Signals Community.
Conclusion on the Binary Options Watchdog Review
The Binary Options WatchDog can be trusted and should be used as an inspiration by everyone into ensuring that all traders new and existing operate in an environment that is safe, secure and financial rewarding. If you’re completely new to Binary Options trading, it might be a good idea for you to first familiarize yourself with how Binary Options work by signing up for a completely free demo account. TradeThunder is an excellent low cost broker where you could literally start trading Binary Options with as little as $20 in your account! Never trade with money that you cannot afford to lose.
Thank you for reading this review