If you are someone who thinks that the forex market has great potential for profit but don’t have the experience or time to spend there then Binary Options may be the answer.

For anyone who likes to invest in a way that is transparent then this is a good choice. The idea is that you choose whether the price of your chosen item will rise or fall over a given time period. If your assessment is correct you’ll earn a sizeable return on your investment. If you are wrong then all you lose is your original stake. So, this provides a good way to manage risk.

Binary Options has been around for a while now and several companies provide a platform to trade with. However, finding a platform is only one part of the puzzle to solve. The more difficult piece is deciding on what to invest in and whether the price will rise or fall.

That’s where Binary Options Pro Signals (BOPS) come in. They offer an advisory service that tells you what you should be looking at and the prices you should be trading at. They have a 70% success rate with this service.

Perhaps an example might help. Let’s say BOPS believe that the GBPUSD could offer a potential profit. At 12.30 GMT every day you will receive an email with that days indications. So, in our example they indicate that GBPUSD has been identified as a potential trade. They will give you two prices, a CALL price and a PUT price. You then need to monitor the market and if the price matches or goes below the CALL price from BOPS you place a CALL trade (that is you expect the price to rise). If the price matches or is higher than the BOPS PUT price advised you place a PUT trade (you expect the price to fall). You’ll need to say how long you want the trade to be valid (normally 20.00 GMT that day). Once confirmed all you then have to do is sit back and wait for the result.

If you are right you’ll normall earn a return of between 70% and 80% on your investment. If you’re wrong you’ll lose the money you risked to trade. So, let’s say you invested $100 and your call was correct you’d receive around $75 in profit returning you $175 in total. If the trade failed you’d lose your $100 investment.

There are some nuances that apply where you can reduce the risk slightly but for the purposes of this post the theory holds.

You can also get BOPS to send an email alert when one of their suggested trades approaches an advised price level. This means you don’t have to constantly monitor prices yourself which can be a great time saver.

There is an introductory offer for the BOPS service of $7 for the first week of signals. After this you pay $97 a month.

For anyone who is looking for a stress free way to play the markets I’d recommend taking a close look at BOPS. The Options market looks at shares, currencies and commodities so there are usually quite a few potential trades flagged. Not all will result in a trade but those that do have a good chance of success.

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