Binary Options Bully
With all the increased interest in the Binary Options Bully program we would be remiss if we didn’t review this product for our readers. There has been a great deal of hype surrounding Greg Davis’s BOB, so is this hype warranted, or are we dealing with another dud program? So after running our tests we’re ready to give you our official verdict on the program.
How Does Binary Options Bully Work?
In essence Binary Options Bully is a guide that walks you through the whole binary options industry, how it works, what’s in it for you, how analysis works, how to do it and it also provides you with what it claims to be a winning binary options trading formula. The guide is pretty useful in our opinion. We’ve trawled through so many such guides, both in video and ebook format so we feel we know what we’re talking about here, the guide provided by Binary Options Bully is definitely solid, and certainly one of the better ones out there. In fact we feel that it can be just as useful to forex or stock traders as it is for those who solely trade binary options.
As far as the strategy goes, the creator of the program boils everything down to four key steps. You need to have access to the Metatrader 4 trading platform in order to make this work, but that’s not too tricky to hook up.
Basically each evening (or whenever you trade, the guide is being marketed to 9-5ers who trade after work) you use MT4 to take some figures down for your trading session.
The figures you take from MT4 are then run through a formula that Binary Options Bully provides you with. The result is a set of trigger points that inform you when to Call and when to Put on the next trading session.
All you have to do is monitor the chart for these trigger points while being logged into your binary broker’s trading platform, then when you see them you lock in the appropriate trade.
If you follow the instructions correctly you should end up winning nine out of every 10 trades, earning a great deal of profit for yourself in a relatively short time.
So What’s the Final Verdict?
We didn’t quite find that the success rate was 90% as Mr. Davis claims, but it did seem to provide us with a statistical advantage, with 3 out of every four trades expiring in the money. This makes it a legit strategy for generating profitable trading signals, and all without needing to use technical indicators, or any other automated software based signal hunters. Everything is done completely manually, you are in control every step of the way and can pick and choose between which of the signals to take heed of.
For beginners this is definitely a product to look into, it will not only educate you about the world of trading binary options, but it will also help you take those first baby steps and begin profiting right away.
As with a lot of these systems though, they may work for a while (after all the success rate at the time of release was touted at being 9/10 in the money trades) and then the markets prove themselves to be the unpredictable devils that they are and the system loses its efficacy. We expect the same thing to happen here. But as a shortcut into understanding the game and making some bucks along the way this is a good product.
George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.