Published on February 9th, 2020 | by John Kane4
Forum Review: Binary Options Edge
Today I’m looking at a binary options trading forum built to help traders get a better understanding of the markets, Binary Options Edge. The forum has been running since 2010, and has grown into a place where many people can test and evaluate different trading strategies. This is certainly a helpful resource, but one that requires a little more time than the approach we put forward here at BinaryToday.
This seems to be very little information on the creators of the BOE website. We do not know who they are, or where they are located. The community forum software they are using is powered by IP Board, and offers traders the usual elements you can expect from a website like this one.
Binary Options Edge Review
It’s quite clear, that the Binary Options Edge is a popular resource when it comes to trading. Since inception, the forum has had over 121,000 posts from nearly 35,000 members. As I spend time on the site this morning, there are currently 156 users actively looking through forum threads. So what is everyone looking at, and what is the main purpose of the site?
Well, the creators of the site tell us that it “was established to help traders by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.” In my estimation, they’ve successfully achieved what they’ve sought out to achieve.
There are many different categories, and popular sections of the forum that reach every aspect of their mission statement.
- Type: Forum
- Founded: 2010
- Platform: IP Board
- Focus: Binary Strategy
The main word, and aspect of the Binary Options Edge website that resonates mostly with me, is strategy. With over 50% of the threads focused on binary options strategy, it’s quite clear that their main goal is to help traders analyze new market approaches.
The most popular sections on the website are far and away the MT4 Indicators section, and the short term strategy sections. In the MT4 indicators section traders provide access to free indicators, and are generally looking for other traders to help them test these indicators and see what type of market approach comes from this information. From my experience with the form, most of these indicators are rough around the edges, and not overly helpful. I do believe that in testing these different systems and indicators, that traders can learn a great deal, but this is not the binary options software I would rely on when trading with a live account.
The strategy sections range from 30 second trades to end of day strategies. Each Binary Options Edge forum section provides strategy advice for a specific expiry time. Personally, I find myself analyzing expiry time methods anywhere from 5 minute strategies, to 1 hour strategies.
Not often have I found a complete strategy, but from time to time I’ve been able to take one of these strategies in this section, and modify them to meet my own trading approach. I’ll often check the Binary Options That Suck forum, and compare their strategies to these as well.
I appreciate what the Binary Options Edge community forum has to offer this marketplace. There are many helpful moderators, and a collection of very talented traders that are often willing to share and take part in the development of trading strategies. Websites like these, that are focused on binary options strategy and the growth of their reader base are far and few between. If you have some extra time in your life, and you want to mess around with some different trading approaches, then I recommend that you sign up with this forum.
While I do appreciate what this website has to offer, I don’t believe that this should be your #1 option when it comes to pursuing your trading goals. I believe that this is a solid educational foundation, but when it comes to trading signals and binary options software, I recommend commercial systems with years of testing and experience. When dealing with free indicators, you don’t know what you are going to get, and you shouldn’t be using these on your live accounts.
Thank you for stopping by, and please let me know if you have anything you’d like to add to the BinaryOptionsEdge review.
Binary Options Edge
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