Binary Options Trading Signals by Franco – Full Review

Here is a full review of Franco’s Binary options trading signals (BOTS). Find out if they’re really worth the subscription fee. Franco’s signals receive very good reviews from users. The main reason for this top rating is the live connection to professional charts, strong and direct signals (not sent via email or text message) and trading support and live commentary from Franco, a professional trader who has been trading binary options for many years. When you join his trading room, you will be able to observe, learn, and apply his trading strategy. Actually the signals have been around for so long that other traders in the room developed their own strategies that work with Franco’s signals and they share them for free with new subscribers. You will be able to communicate with other international traders in the room via a live chat window. However, this service may not be suitable for everyone who is trading binary options. Continue reading the full review to find out more or visit Franco’s official website first.

See trading charts and analysis in progress
Franco’s aim is very clear right from the start and it is is to win the week. Unlike most binary option signals, here you get to actually see live trading in progress. Franco is based in Canada and trading session starts at 9:30 AM to 11:30 AM Eastern Standard Time from Monday to Friday. His website says:
Your only job is to look at the signals and listen to Franco when he suggests which trades to take. His approach changed slightly and instead of placing trades himself he now focuses entirely on assisting others, mostly newcomers, and pointing out good trade opportunities.

A few words about Franco’s charts
Franco's trading chartAll of Franco’s charts are set up on ThinkorSwim professional software from TD Ameritrade.  At first glance his chart set up seems a bit complicated and confusing but it actually has a very logical structure. The technical indicators that can be quickly recognized are Bollinger bands, few moving averages and volumes. But there are also other, custom indicators in the form of arrows which really make his trading screen unique. These custom indicators include Buy and Sell triggers, as well as, the very important a US dollar momentum indicator which is used as a warning to stay away from trading at certain times when the dollar momentum reaches 100 per cent red. It can also be used as a good entry point when the momentum indicator turns green and suggests a strong trend. It takes a few hours to get used to his charts and to understand the relations between them. Franco constantly improves his system and his charts now include windows with 1min, 5min, and 15min charts.

Very strong signals for 1, 2 and 5 minute trades, but not only..
strong signals for short term tradesFranco trades the most popular currency pairs: EUR/USD, GBP/USD, USD/JPY. He used to trade more currencies in the past but now he believes his system works best with these three pairs. As mentioned earlier his team constantly try to improve the system. The Binary Options Trading Signals (BOTS) buy and sell triggers are best for 60 second, 2 and 5 minute trades. However, because he now also includes 5 min and 15min charts in his system, it now works for longer time frames and can be also used successfully in Spot Forex trading.  Because there might be a slight delay in transmission depending on where you live and the speed of your internet connection we would recommend taking 2 minute trades as opposed to 60 seconds, however this needs first to be tested on a demo.

New addition to the system, Forex trading signals
Also works with ForexAs mentioned earlier Franco’s trading signals can now also be used in Forex trading. This is a very interesting and a useful addition because as most traders agree Forex is where the real money is. With a big trend and a considerable price movements you can make a lot more than 75% of your trade amount, at times you can make as much as 300% and more! In addition to huge earning potential in Forex you have the ability to place stop losses on your trades. In binary options if you lose you trade, you lose 100% of your trade amount, in most cases, unless your broker offers 5% return on losses (you still lose 95%). In Forex, where you can place stop losses, you can set them to 20% of your traded amount and when the price action moves against your trade you will only lose 20% of your traded amount. You don’t have to be a genius in Maths to understand how setting stop-losses can improve your overall chances of earning money with trading.

The use of Martingale strategy
To minimize losses Franco also recommends a Martingale strategy for more experienced users. He warns that this strategy must be used with caution. Martingale strategy is basically taking another trade soon after the first one with double the trading  amount. The idea is that your winnings will outset the losses of your first trade. Needless to say a Martingale strategy can be very risky if used recklessly and we don’t recommend it for novice traders.

Quality of Franco’s binary signals
There is a slight learning curve in the beginning but after three trading sessions or so even a complete beginner should be able to follow Franco’s signals and be successful in trading binary options or Forex. On request Franco can also help you set up the professional charting software on your computer and with the same technical indicators that he uses on his screen except his ‘top secret’ buy/sell entry indicators which supposedly took Franco and his team years to test and develop. Running the same software on your computer (additional monitor should be used) can really help with your entry timing, especially if you’re experiencing any lags in your Internet connection.
Many traders who have signed up for his system go only by what they see on his monitor claiming that it is enough for them to trade on and that they don’t actually require to install any additional software on their computer. To be fair, the trading room and Franco’s screencast is shared in HD resolution via MeetingBurner, a dedicated professional online software for screencasts and meetings.

Franco’s welcome message to new subscribers
All new traders are asked to study the materials provided and be patient for the first three days. Then, after this period if they still don’t understand how the system works they should ask questions which will be answered by him or other traders in the room who have been trading longer and understand how the system work. Franco is quite confident, and many traders in the room agree, that it takes on average 3 days to come to grips with Franco’s charts and his signals and the trading system. But after an intense week of training you will be on a verge of becoming a pro trader.

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