Welcome to my Binary Options Trading Signals review! What is it? Is it a scam? Read on to find out! Franco’s Binary options trading signals (BOTS) offers a free trial! This BOTS live trading room review reveals all.
Options trading is hard. It can be so lucrative, but it is hard to learn and hard to become profitable. If you are new to options trading, having someone hold your hand through the learning curve is a game changer.
Disclosure: There are some affiliate links below, but these are all products I highly recommend. I won’t put anything on this page that I haven’t verified and/or personally used. Affiliate links mean that I might receive commission for anything that you purchase after clicking through any of my links.
Here is one of my favorite free resources for learning to trade options.
Download this FREE EBOOK that teaches you the basics of options and reveals a secret money pattern strategy that millionaire Jeff Bishop has made a fortune with!
Binary Options Trading Signals Review
You can choose to learn options trading by joining an alerts service (I highly recommend this options alerts service) or by teaching yourself.
Trading signals or alerts are emails/texts that are sent to you indicating what the trading expert is buying and why.
What you get with Binary Options Trading Signals is a live chatroom. It’s like having a successful binary options trader in the room with you telling you how to make money! All you have to do is login and copy the trades!
Franco’s Binary Options Trading Signals
The guy that runs the Binary Options Trading Signals service is called Franco. Sounds a bit like a mob boss….not a great start…
You can be a completely new trader to join and succeed with the service! If you haven’t heard of it, you can check out the sales page here. There is a free trial option at the bottom of that sales page.
Franco’s Binary options trading signals (BOTS) has an excellent reputation and many Binary Options Trading Signal Reviews have been written about the service. The vast majority are extremely positive.
What is a Binary Option?
Binary options are weird. Barely anyone that I know trades them. The concept of a binary option is relatively simple: If you win then you get a fixed amount of money and if you lose you get ZERO!
There is always a 50/50 chance of winning when you trade binary options. Like a coin toss. There are advanced strategies that you can use to make sure that you are consistently profitable. This is where BOTS live trading room comes in.
A Binary option is a very short-term option contracts, like minutes or hours. Basically, you are trying to predict how the market will go above or below the current level. If you are right you win. If not then you lose. So, it is basically trend guessing.
The problem is that house has the edge – very similar to gambling.
This makes Binary options trading extremely difficult to trade profitably over the longer-term. You need every edge than you can get! This is where an expert, like Franco, can help you.
Franco’s Binary Options Trading Signals (BOTS) >> FREE TRIAL!
What Is Binary Options Trading Signals by Franco?
Basically, the BOTs service allows you to listen and watch an expert trader (Franco) in real-time. When he makes trades, you make the same trades.
Binary options are notoriously difficult to master, but the profits can be worth it. If you try to make money as a new binary trader, you will most likely lose your entire account.
Having a mentor is essential. However, the binary options trading world is notorious for being riddled with scam brokers and gurus that promise to show you how to make millions of dollars.
Here is why I think that Franco’s Binary Options Trading Signals is different and LEGIT.
When you join his live trading room, you get access to Franco’s signals that you can act upon in real-time.
Bots Live Trading Room
The BOTs chatroom is professionally run and has become a hub for Forex traders traders as well as options traders. The chatroom is packed with traders that have been trading for decades!
Franco’s Binary options trading signals (BOTS) offers a free trial!
Franco shares his screen in the live trading room via a high quality software program called MeetingBurner. This allows subscribers to follow his alerts quickly and accurately.
Binary Options Trading Signals Free Trial
The first thing that I like about Franco’s service is that he offers a free trial. He gives you access to the chatroom for a day to watch his trades and all the members trading commentary.
This is reassuring because you can witness what goes on and how people are doing with their day trades. Is it proof that it will work for you? Well, no. Still, most services won’t even give you a free session!
The free session is just for a single day and you do have to input payment info. I can’t find any complaints about this though and it seems that you can just cancel after the free trial and you won’t be charged. You can do PayPal or credit card.
How Does Franco Trade? What Are The Strategies in BOTS Live Trading Room?
Franco traders binary options on Forex currency pairs (EUR/USD, GBP/USD, USD/JPY). His favorite time frames are 60 secs, 2 mins and 5 mins. Franco trades between 9:30 AM to 11:30 AM Eastern Standard Time from Monday to Friday.
So, you need to be available to be in the BOTS live trading room during those times.
BOTS Options Trading Charting
All the charting in the live trading room is done with professional software. Franco uses some very common technical indicators like moving averages, price action and volume.
He uses the US dollar momentum indicator as an indicator of market conditions. This helps him to time entries and exits.
Franco sets up charts that are on 1min, 5min and 15min time frames.
I would recommend that if you have a slow internet connection that you only take the trades that have expiration times of 2 minutes or longer. This way you will be more likely to replicate Franco’s results. You can test shorter time frames without risking real money to see if it will work for you.
Franco’s Binary Options Trading Signals (BOTS) >> FREE TRIAL!
Can you really copy Franco’s trades?
Most new traders can start to accurately replicate the Binary Option Trading signals that Franco alerts. For new traders that are struggling to match their entry timing to Franco’s he has several recommendations. This includes installing the same software that he uses on your computer so that you can get better entries into his trade alerts.
Franco makes a couple of trades every day. There are plenty of reports of subscribers making 80% – 90% winning trades! That means that the vast majority of the trades that Franco makes are profitable.
Franco does his trading with very small position sizes ($250 per trade). He makes a few hundred dollars per day with his strategy. Some of the subscribers make a lot more because they trade with much larger position sizes. Many people are reporting that they are able to reach 9:1 wins to losses on good days!
Binary Options Trading Signals Review: Franco’s Use Of The Martingale Strategy
As a stock trader of many years, I hadn’t even heard of the Martingale Strategy. Apparently, it is a way to minimize your losses by executing the next trade after you have had a loss, with DOUBLE the position size. The idea is that if that trade wins it will offset the previous loss.
As a stock trader, this is something that goes against everything that I have ever been taught! Perhaps it works well for binary options though. Scary!
Franco apparently uses the Martingale Strategy successfully. I would be very wary of copying this until you are sure you know what you are doing!
Franco’s Binary Options Trading Signals (BOTS) >> FREE TRIAL!
Pros and Cons
I wanted to give you an overview of my opinion on the BOTS live trading room to help you figure out if it might be for you. Below you can see the pros and cons of the service.
Pros
- 85% win rate is GREAT!
- Very experienced community (15 years)
- No downloading software – just an easy to use chatroom
- Real-time trade alerts that can be copied
- One day free trial
- Live commentary by Franco throughout the day
- Very transparent and honest service
Cons
- Costs $97 that is billed every two weeks. Not beginner pricing!
- Copying trades is easy but you really need to learn what is going on. This can be hard work.
- A fast internet connection is crucial. Any delay between the chatroom alert and you placing a trade can be detrimental. This means that you will be able to mirror the signals better if you are in the USA than if you are in Europe etc.
- You need to be able to trade for two hours a day – e.g. be in the chatroom and ready to buy/sell etc. These are day trades and with that comes the need for focus and sometimes high stress levels!
- This is a minor one. It bothers me that I don’t know what Franco looks like or even what his full name is!
Is Binary Options Trading Signals a Scam?
I believe that Franco runs a legit service. But, many people believe that the entire binary options trading signals and brokers are scams!
Here is a good video that gives the negative side of the binary options argument. I think that there are good people and bad people in this industry. I suspect that Franco is one of the good ones.
It is sad that the bad apples can give an entire industry a bad name!
Conclusion – Binary Options Trading Signals Review
Trading binary options is a very niche way to make money in the markets. I hope that my BOTS live trading room review has helped give you an insight into what programs like this can do for you.
I would highly recommend checking out the FREE TRIAL to the BOTS live trading room if you want to test the waters with binary options trading.
While the BOTS live trading room service is expensive ($97 every 2 weeks) the service does offer high quality signals that many people report are excellent and can be mirrored! Sometimes, you pay for what you get!
Binary Options Trading Signals boasts that many members are making hundreds or even thousands of dollars every day by following Franco’s signals!
I hope that you found this Binary Options Trading Signals by Franco – Full Review useful!
Have you read any other BOTS live trading room review? Let us know in the comments!
Good Luck,
Wesley
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I hope that my Binary Options Trading Signals review was helpful! This BOTS live trading review is my honest opinion of the service. Binary Options Trading Signals by Franco – full review complete!
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