I have tried several binary signals in the past and I unfortunately have to say that none of them did in fact work or deliver the results that they have promised. Every single website like those have required me to register and deposit money at one of the binary brokers they have recommended. Only later doing this was I allowed to use the signals delivered by them.Results werent necessarily outright bad. There were usually many winning trades but they were almost always followed by losing trades, so in the end I still have lost all the money I have deposited at the brokers they recommended. It didnt necessarily seem that they were scams but more like inaccurate. As such, my question is are there really any binary options signals that do work and can indeed send you instructions based o which you can really make money, or are all of them either scams or products that simply do not work.I have tried at least 5 of such products and unfortunately neither of them have delivered any results at all. Is there any point in me continuing to try out similar products or just call it quits in order to avoid any further losses You input on this would be greatly appreciated.Hi James, thanks for your message. Im sorry to hear that you were scammed by fake binary signals because lets be honest, thats what happened. Unfortunately most of the products of these kind out there these days are pure scams. You may wonder why they are being offered for free then Well, its either because the signal websites are being paid by the brokers or they were actually created by the brokers themselves. Their goal is to get as many people as possible to sign up and deposit at the brokers.The reason why you see conflicting results, where you sometimes win and sometimes lose is because these scam signals deliver completely random results, meaning that overall you will 50 win and 50 lose. However, since the brokers rarely have payouts above 100, you will slowly lose money even with a win-lose ratio of 50/50. This is really a subtle way of stealing peoples money.This is also why I wrote in the article that there are only an extremely small number of real and working binary signals. This is why I only trust a super small number of them such as Signals365, for example. These do actually work, if you manage to follow some common sense guidelines, such as the ones I wrote about in this post: optionsadvice/signals/what-to-avoid-in-signal-trading/OptionsAdvice cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the webiste constitute the authors opinion only. Binary options involve high-risk and are not suitable for all investors. Binary options may not be legal in your jurisdiction. Its visitors responsibility to make sure binary options are legal in their jurisdiction before enganing in trading activity.Looking to make quick cash capitalising on someone elses expertise Instead of learning how to read binary options charts, you may have considered paying a binary options signals provider to send you trade signals in the hopes of achieving big returns. Before you fork over your cash though there are a few things you should know. The following warning signs indicate that maybe you shouldnt trust this binary options signal provider, either through giving them money or putting your capital at risk utilising their signals.If a signal provider doesnt offer a free trial, be skeptical. You need to be able to see if this signal provider is right for you, and without a trial you cant (unless you pay). If a signal provider is really providing great signals they should know that people will stick with them after the free trial. No free trial shows they may have something to hide and are just trading to grab as many peoples money as quickly as possible.If there is talk of bots, robots or EAs, tread carefully. These are automated programs, and therefore lack any sort of discretion when it comes to the trades signals they provide. This can be a good thing, since it takes the emotion out of trading, but unfortunately most bots are created using back tested data and then optimised on that data. Marketed results are usually not based on a long-history of live trading. While the marketer may promise that these bots adapt to all market conditions, this is generally not the case.There are some good bots out there. Roughly 25 of the trades done the NYSE are program trades. Some of the firms using these technologies reap millions. But dont confuse these with the robots being marketed to you. The black boxes on Wall Street trading desks are monitored by computer programmers making millions of dollars a year who constantly monitor performance and make adjustments when needed. The robot you buy is more likely to have very little support behind it.Signal providers may advertise that they send out 3, 8, 15, 30, etcetera trades a day, but not all of these will end up being tradable. Often there are conditions attached to a trade signal, and if the market doesnt meet those conditions then there is no trade.