Do binary options suck, are they a scam or gambling? Those are questions being asked around the world right now, this very minute. The simple answer is maybe, depending on which question and who you ask. Regardless, binary options and binary options trading are here to stay. The industry is growing daily with new brokers emerging and new regulation being put into place.
Unfortunately some brokers, websites and strategies do suck. This is why BinaryOptionsThatSuck. I have to admit than when I first came across the site I was a little leery. I have been researching and trading binary options for over a year now and up until I found BOTS what I had been learning was not awesome.
You might say it sucked. They are not a broker, they are the first high quality supporting website for the binary options industry. Their articles are objective and intended to help boost the credibility of binary trading and make the industry safer for traders around the world. The list is extensive and includes the standard basic info plus user reviews, educational resource reviews and reviews by the BOTS experts.
Unlike other binary options websites that only list reviews for a few brokers, most likely the ones they are affiliate marketing for, BOTS is dedicated to full disclosure and equal access for all binary options brokers and platforms. Because of this I think you can find a more objective review plus more relevant user comments than on any other reviewing site. This list comprises the brokers that are being used by the experts traders who contribute to BOTS.
Every broker sucks sometimes and this is the place to find out how and why. The best way to pick a broker you know is right for you is to find out as much about them as you can. It is the perfect accompaniment to the the website itself. On the forum you will find active discussion from binary traders around the world. Topics include all the articles, tips, reviews and education provided on BOTs and almost anything else relevant to binary options, binary options traders and binary options trading.
There are other good places that have similar information but they are not dedicated binary options web sites with the express purpose of compiling the number resource for binary options trading. I and the other writers review the tools commonly used by traders and those new ones that catch our eye, we explain and review strategies intended for binary options and write other articles on subjects of interest to the binary community. It not only includes the reviews I mention before it also includes review of the available resources found elsewhere on the internet.
Trading resources provided by BOTS are very thorough and are also actively improved upon with new information and discussion on the forum. The tips are written by Michael Hodges , a contributor to this blog.
He provides 5 weekly tips for binary options traders based on his own brand of technical and fundamental analysis. The tips are posted each week in the forum in the Weekly and Monthly Trading Tips section where the other experts and forum members can comment and discuss them. Richard Cox writes the weekly financial analysis. He is an experienced market speculator and financial educator with a global perspective. He often alerts me to market making events that I would never find otherwise.
Over the past few months his insights have helped me to uncover some of the fundamental factors driving the forex markets. You may laugh at the name and you may scoff at the cartoon avatars used by the senior members but you will find that inside their walls a serious effort is being made.
The site hosts insightful commentary from industry experts, tips and advice from expert traders, reviews of the best and worst binary options brokers and an awesome forum for binary traders.More...