Binary Brain Vawe
Getting the most accurate information in as timely a manner as possible can make a huge difference to making a successful trade or not. To assist you with placing the right trade it is best to utilize the assistance of a signals expert. Binary brain wave is one such expert; they use the MT4 chart to send you the latest market indicators. These can help you to decide whether to purchase a trace and which direction the trade should be moving in. It is even possible to get the information via a, MT4 experts tab or in an email format.
Although it is designed with binary options trading in mind, it is quite possible to use the techniques and the indicators provided to create trading options for any of the other markets which can be accessed via MT4.
The trading techniques and tips created by this software are excellent; this is because they are based on the experience and knowledge of a group of traders. This makes the software extremely valuable; it offers some of the best trading tips that you can find anywhere on the web.
Trading information is shared and useable on trades which will expire within just forty minutes; this is not a feature you can find with any other software.
The tips relate to six key currency pairs; this is enough to ensure there is always a choice but not too many to spread their knowledge and skills to far. The result is an extremely accurate trade generation process.
Part of this process will ensure you stay away from any trending market; these are generally the most volatile. Alongside this there is a regular news and market update; this ensures you are aware of any other influences which may affect your trades.
The software can be used with any broker; provided they work on or accept MT4; there are regular updates to ensure you will always have the latest and best version of the software.
Finally, the software is free; installation is easy and there is even a good level of customer support to assist you with any query.
How the System Works
The software does need to be installed on your computer; it will not drain a massive proportion of your memory. Once installed and an account has been created you can create custom indicators in your existing brokerage account. When you select custom indicators you should see Binary Brain Wave in the list and be able to add it by simply clicking on it.
You will have the option to set your own filters; the more filters you have in place the less indicators you will receive from the software; it is advisable to keep these to a minimum. The information provided by Binary Brain Waves starts in five minute charts; this can be used to create effective forty minute trades and is an excellent starting point for any user; regardless of their level of expertise.
The system studies the relationship between six main currencies; these include the US dollar, Euro, Japanese yen and the New Zealand Dollar. Once a potential trade has been detected you will receive a notification. This will usually be supplied to you approximately ten minutes before the start of the trade time. This gives you enough time to get ready and prepare the trade. The software will tell you which direction to trade in and how long the trade should be.
Is a one-off fee involved in using this impressive service; it is currently set at $119.99 and includes all future updates and a lifetime support agreement. The company has been steadily improving in their ability to provide solid results and now have a success rate in the mid eighty percents. This means that most trades will be successful; the actual rate of return you will receive will depend upon what your broker offers. There are usually twenty five trades a day; this gives you ample opportunity to place the ones you want and make a healthy return on your investment.
As with any software there are a variety of advantages and disadvantages when using it. Being aware of these will ensure you are able to make the most of every opportunity to trade:
The low level of, (just six currency pairs) confirms that this firm knows what it is doing and does it well. Attempting to do this for a large number of assets is a recipe for disaster.
The once only joining fee allows you access for life. This makes the system exceptionally good value for money; the more you use it the cheaper it effectively becomes.
Twenty five indicators per day will give you a good number of successful trades. You can adjust the filters to limit this but it is not advisable; especially when first starting trading.
Free installation and support make this software a very attractive proposition.
The success rate of mid eighties is not easy to prove which may mean your actual success is lower than you think and hope.
It is not possible to demo the account and you cannot obtain a refund of your money. If you couple this with several bad reviews you may be prepared to walk away and try a different software system. However, even the bad reviews cannot be confirmed as genuine; this leaves you unsure of how good the firm really is with only one way to find out for sure.
It is best to operate with caution when adopting any firm which offers to provide you indicators as to when to trade. The only result you can really gauge and that matters; is your own. Use caution and your own research before committing to any software.