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How to choose the right binary options signals providers

binary options signalsThere is a huge number of binary options signals providing services out there. First and very important, you should be aware that there are a lot of downright binary scams when it comes to signal providers. All they are for in the business is to make money from selling their service, not trading or predicting the market.
Thoroughly examine any signal provider before trusting them with your hard earned money on a live account. Here are some things to keep in mind when choosing a signal provider.

Any signal providing service should easily provide you a track record of their past performance over a large period of time. It’s best the track the win-rate record to be at least 3 months long, the longer the better ( please make sure to check  “our test” in the table above)
After you examine their track record it’s always good to do a search on the web about the company and their signals. See if you can find experiences from other traders and what they are saying about the service. A big number of good reviews is always a positive sign that something is genuine. Doing this simple online research should also clearly reveal if the service is legit or scam.
If offered, always test a trial version of the service. Extensively test it on a demo account in order to get familiar with their strategies.

If a trial is not available you should still test the signals on a demo account, even though you paid for them. What if the signals point to losing bets? You will lose even more money by betting on broker directly.

Norman Tayler
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