Binary Options Authority is a binary trading system developer. They believe that they provide the best systems on the market and provide a plethora of options. These products are homestudy courses that come with video training to teach traders exactly how to use their strategies.
Today I will be taking a closer look at what this company has to offer the community and hopefully coming to some sort of a conclusion about their services.
Binary Options Authority Review
The binary options Authority developers are adamant that they do not provide software at this point in time. They believe that the best way to make money in the binary options market is to teach traders strategies and methods. Their goal is to teach traders had a fish so that they can feed themselves for a lifetime. They consider their products as blueprints or operations manuals for binary options trading strategy. Trading systems can be a great source of income and also teach traders important lessons throughout the process. On the other hand, if traders don’t have a lot of time or patience they will likely want to avoid this type of binary options product.
At this point in time, the binary options authority by Chris Kunnundro is selling 31 different trading strategies. These systems include strategies for multiple expiry times, brokerages and much more. They provide a systems that work with 2, 5, 30, and 60 minute expiry times. A handful of strategies aimed at Nadex clients, a pair based system, gold, stock, cluster and a full day binary options system. It’s really difficult for me to go through each one of them so I’m going to take a look at the first system available which is the FX binary options system U8. The first thing I notice with this binary options authority strategy and many of the others is that it has a very large price tag of $2000. Chris tells us that the U8 system is a bonafide loophole that could be used by a kid, maybe a monkey but definitely a caveman. I won’t get into too much detail about the strategy itself because it isn’t really explained in much detail and at this point I’m most interested in seeing the results. The results, are lackluster, sporadic and difficult to use to get a real handle of this strategy. It’s hard to tell but it looks like they gave us one month of results but they are presented in that looks to be a copy and paste from an Excel document. This is not verified results and really makes it difficult for me to come to a final conclusion.
I think our best course of action is to open up the conversation about the Binary Options Authority and see what the binary today readers and the overall trading community has to say about these products. Until I see some sort of verified proof or community feedback it’s going to be nearly impossible for me to shell out $2000 for one of these trading systems. I plan on contacting Chris to see if I could get more information from the source and hopefully that will help me make my final determination. Now is the part of the review where you leave your comments and questions so that we can figure this out and make the right consumer decisions. Thanks for visiting binary today and I hope that you spend more time here getting to know the readers in finding out what’s actually working in the binary options market.
To add to your article John, several years ago I purchased several binary option fx systems from their website. I was naive, new into trading, and fell for the profit potential trap sold by his website claims. The video lessons he provided were very amateurish and hard to follow at times. After months of testing, I could not find profitability. The support was almost non-existent even though I finally did get through to someone. I showed them a flaw in there system to where if I followed their trade plan to the “T”, one could potentially lose 30% of their account in under an hour and support told me to modify the plan. I find that laughable. I think it is safe to say for other fellow traders to stay clear from the binary options authority.
Hi Eric, sorry to hear that. Thank you for providing this information for the binary community.
well thanks for that. saved me some time.