What are Trading Signals?
If you want to be successful with options trading, you might consider using trading signals.
Volatile market conditions require that traders seek opportunities to get quick analysis. The trading schedule may be so tight that you cannot analyze the market before placing a trade. This is where binary options signals come into the picture.
Signals are trade alerts for stock, currency or commodity markets, sent via email, audio or text, advising the traders on the best trading opportunities. They are generated after analyzing charts and trends, and are often based on finding overbought and oversold situations in the market, or trend reversals. Short term signals are valid for an hour, while long term signals project price movements for a week.
These useful indicators can help you make profits from the binary options market every day, regardless of your experience level. Using a good trading signal provider, you do not need to worry about missing a trade. A professional binary options trading signal provider may ensure your success as a trader. Besides, you can save time from researching and analyzing market data. Signal services deliver browser-based data that work across your computer, mobile or tablet.
Once you receive a signal, you just need to manually execute the trade in your trading account and wait for the result. However, there are providers who transmit signals automatically to your trading account that are executed on your behalf by the system. These are referred to as automated trading software or robots.
Generally, signal providers are independent companies, they are not owned by a broker, while in some cases the brokers generate their own signals. Trading signals are usually offered for a small monthly fee, but free signals are available as well. You can also use a free trial of the service of a reputable signal provider.
How to Choose a Signal Service?
In order to get significant returns in binary options, finding a great signal service provider can be important. Good binary options signal providers must be consistent in the provision of signals and mostly deliver profitable trading signals. These signals must be of high quality so that traders can trust them. We have tested a lot of providers and now present some of the most reliable services.
Reputable Signal Providers
• Signals365.com is a professional binary options signal provider that generates more than 100 signals per day with a high – about 60-70% – win-rate. All of their results are published in real-time so you can see how many signals have won and lost. Their web-based platform is very easy to use and they also offer 24/7 support.
• OptionRobot.com is an auto trading system generating signals based on technical indicators selected by the trader. These indicators include Trend, CCI, RSI, MACD, Williams and Stock. If the trader has selected two indicators, a signal can only be used when both produce the same result, either a Put or Call option (Up or Down).
Binary trading is a risky investment, nobody can promise you 100 % accurate signals. With innovative analyzing tools and great signals, most of your trades can bring some profit that is a big achievement in your career as a binary options trader. For your trading success, it is also worth visiting the Economic Calendar of Deray Options. Here you can find the list of the key events that influence price movements and might bring you profitable trades.