Many people earn extra cash through binary options trading. However, without the right tools, inexperienced traders can stand to lose far more than they anticipated. For anyone interested in making the most of binary
Traders of all experience levels can better understand the course of the market by paying attention to signals and using signals services.
Though many higher-level binary options broker accounts come with the benefit of an account manager, signal
Signal services do the hard work that would require a person to stare at a computer screen for days. Signal services can detect—and advise on—even the smallest changes in market trends and accurately direct traders toward new assets.
Table of Contents
- 1 The Best Binary
Options Signals of 2020
- 2 Types of Binary Options Signals
- 3 Factors to Consider When Choosing A Binary Options Signal Provider
The Best Binary
Options Signals of 2020
Binary Options Pro Signals
The win rate for these signals is an impressive 71.20%, which is above average for the industry. If you want to test-drive this service, you can take advantage of their free 7-day trial. After the trial period, subscriptions cost $97 per month. If you're looking for a reliable signal provider and an impressive win rate, you can't go wrong with Binary Options Pro Signals.
Binary Options Trading Signals (BOTS)
With over 15 years of proven trading experience, Binary Options Trading Signals (BOTS) is one of the top-ranked signals services in binary
Offering a free morning trial, BOTS prides itself on providing a unique strategy based on easy-to-read proprietary charts. The service delivers a quality trading education on the different types of trading markets. It also guides users through the most important ins and outs of binary trading.
Like other signals services, BOTS provides real-time signals to traders looking to place profitable trades. However, unlike less-detailed signals services, BOTS explains the "why" component of their signals. BOTS prioritizes traders' understanding, answering user questions on risk management, and the importance of discipline in binary options trading. BOTS has built a trading community based on knowledge-sharing and educational resources.
Auto Binary Signals
Auto Binary Signals is a
This means you have to actually login to your members area in order to see the trading signals, which could be a disadvantage for those looking for real-time alerts.
Auto Binary Signals works by automatically filtering through thousands of potential market opportunities in real time. A signal is only generated when there is an 80% chance or higher of winning a trade. The trade alerts are generated using a sophisticated strategy that uses 5 different indicators. A signal is only generated when all 5 indicators are aligned at the same time.
Rather than having a monthly recurring charge like other signals providers, Auto Binary Signals provides access to their signal software for a one-time payment. This software tracks all major currency pairs, commodities, and a few stocks. Auto Binary Signals provides two different types of option ranges: short-term (1-5 minutes) and long-term (15 minutes to 1 hour).
Overall, this signal provider has its pros and cons. It's win rate appears to be very high, but the fact that it doesn't send you alerts to your smartphone or email in real-time can lead to missed trading opportunities.
In order to maximize your win-rate and avoid poor market conditions, Signals365 pauses their signals during major economic events, public holidays, and low trading periods.
Signals365 does not charge for their signals. Instead, their service is free, as long as you sign up to one of their preferred brokers.
Types of Binary Options Signals
Basic signals are easy-to-follow notifications communicated to traders directly and in real-time by SMS or email. Basic signals are the most simplistic form of signals and don't necessarily provide the in-depth explanations or charts that other signal types may provide.
Basic signals will advise traders on the direction of trades and suggest whether a trader should “put” or “call” on a trade. Because they’re not as complex as some other signal types, basic signals enable traders to make quick decisions that can often return highly profitable results.
Many signals services will entice new users to their service by offering free binary options advice. While it’s a good way for inexperienced traders to test a service or understand how binary options signals operate, free signals are unlikely to provide profitable advice. Like demo accounts, free signals are a risk-free foray into how
Working closely with an account manager through a broker provides extensive benefits traders may not find working on their own. However, signals software offers real-time notifications and keeps track of signs a human might accidentally miss.
Using MetaTrader4 (MT4), signals software gives real-time updates and algorithmic advice to traders of all skill and experience levels.
There's no shame in using signals software to stay on top of the best binary options trades of the day; many professionals utilize the software, as well.
Most software currently available can be downloaded directly to your smartphone, tablet, or PC and alerts you of the best trades by text message or email notification.
Factors to Consider When Choosing A Binary Options Signal Provider
It’s typical for signal
Number of Signals and Frequency
The signals should be frequent and quick, enabling you to make the best trades before the trade window expires. Fully automated signals services will send frequent signals, but they may lack some of the accuracy of signal
Traders also need to take the cost of binary options signals into account. Similar to brokers, signal
Because all binary options trades come with a degree of risk, traders must also factor in the frequency of signals and the success rate of the signal
Before choosing your signal
It's crucial to consider the delivery method of notifications when choosing a
Robert Wolfe is the founder and chief editor of Impact Investing Collaborative. Robert is an expert trader with over 10 years of experience trading binary options, Forex, and CFDs. He prides himself in providing accurate and in-depth reviews in order to help others find a trading platform that fits their needs. When Robert isn’t actively trading or managing Impact Investing Collaborative, he enjoys spending time with his 3 kids, playing golf, and spending time outdoors.