Signals for Binary options are trade alerts provided by a company, a third-party provider or an experienced trader, to other traders in the same marketplace who are less experienced, or do not have the time and opportunity to analyze the market for themselves. Unlike managed account trading services where the provider does everything on the account, the onus of interpreting and trading these signals for binary options lies squarely on the shoulders of the recipient of such signals.
You can use our signals on any broker and we offer both short-term and long-term expiry. Sign up now and start receiving trading signals on all major Forex pairs now! Origins of Binary Options Signals. Anyone who has spent time to analyze and trade the financial markets will immediately attest to the fact that it is a venture that consumes time, effort and the whole of the person engaged in this activity.
It is very difficult to hold a day job and give trading the full attention deserved. It is also difficult to learn how to trade profitably as it involves a thorough understanding of chart analysis, interpretation of news events, adoption of positive trading psychology and other factors. As such, many people cannot put themselves through the rigors of trading and would prefer that someone else does all the hard work and deliver trading tips on where to enter and exit trades for profitable outcomes.
This demand is what gave rise to binary options signals services. A product always arises whenever there is a demand for it. There is a very strong demand for binary options signals services and that is why several entities have come up to attempt to fill the needs of millions of traders in this regard. For binary options signals to reach the recipients, they have to be sent out by the provider in a timely fashion, using a means of communication that is instant and does not create room for delays.
In binary options, a single pip can make all the difference and a wrongly timed, delay-induced entry can make all the difference between profit and loss. The following methods of delivery have thus evolved over the years for the distribution of trade alerts from providers to subscribers.
Here, providers send out trade alerts to subscribers using text messages. They are fast and provide for instant delivery. A modification of the SMS is the use of push notifications in smartphones.
These require the subscriber to provide either a phone number for SMS or to subscribe to the trade alert app for smartphones. The disadvantage is that sometimes, network providers may have issues that lead to delays.
Otherwise, this is the best system as studies have shown that most people will have their phones by their side as opposed to laptops or desktop PCs. The email was one of the first avenues used to send out trade signals. However, it requires access to a PC and the internet.
The trader may not be around any of these two, creating issues of timely usage of the delivered signals. Emails can also be sent to the spam folder by the mail providers, causing the trader to miss the trades entirely. For the purpose of trade alert delivery, emails are not the best method out there.
Unless the signals have a large window of opportunity within which they can be used, it is not the preferred method. Many providers of binary options trading signals will claim fantastic results on their websites. However, there is no way to independently verify these claims. As such, the only weapon the intending subscriber can use is the free-trial. The free-trial period is a period where a signals provider allows the intending subscriber a few days to test the signals service.
Use this time to thoroughly evaluate the trading signals using a binary options demo account. This will enable you gauge the claims made by the provider and see if they stand the test. Do not sign up with anyone who does not provide a trial period. Also look out for providers that can give out money-back guarantees. This allows the trader to use the service and evaluate returns against what is paid as subscription fees. If it is not worth it, use the money-back guarantee to get your funds back.
It is good practice to try out the first month of a signals service on a demo account. That way, even if the signals are unprofitable, your loss will only be limited to the subscription fees paid. The Martingale system is a popular betting system used in win or loss games such as Binary Options or Blackjack whereby a player doubles his bet if he loses a round and keeps doing so until he wins.
Even though your so-called win-rate increases e. This is what makes it -EV. The opening price is important because you need to make sure you place the trade in time before the price moves out of your favour.
Most signal providers will give you an opening price to take the signal. Otherwise, you could end up taking trades that finish out of the money when your signal provider finishes in the money. Practice Trading at eToro Now! Best Forex Brokers Benefits of Trading with our BO Indicator:More...