Been looking into binary options lately and wondering where everyone gets their signals from.
Tried a few free telegram channels but they seem pretty hit or miss. Most paid services look sketchy with their marketing.
What sources have actually worked for you guys?
Binary options are mostly a gamble. The odds are tough to beat over time.
Signal services often profit from subscriptions instead of actual successful trades. This really highlights their true effectiveness.
Binary options typically have fixed payouts that benefit the broker. Good signals may not help much when the odds are stacked against you.
Investing that money into learning chart reading and market analysis might yield better results.
Binary options are like casino betting disguised as trading. Even with a good signal, you need to win more than 60% just to cover fees. I’ve looked at many signal services. The successful ones trade their own money instead of selling signals. Those selling usually profit more from fees than from actual trading. It’s better to stick with regular forex. It offers real risk management, no expiration issues, and actual market prices.
Skip the signals and just learn price action yourself.
Gonna be honest with you - stayed away from binary options after testing them for a few months back in 2018. The whole signals thing becomes a rabbit hole pretty fast.
Most signal providers are just reselling basic technical analysis you can learn yourself. Even when I found ones with decent win rates, the broker spreads and timing issues killed most profits.
If you’re set on trying it, focus on learning price action and support/resistance levels first. Way more reliable than chasing signals from random telegram groups.
Regular forex trading gives you way more control and better risk management options. Just my experience though.