What You Need to Know About Binary Options Signals
Having written binary options in the search engine, we are immediately shown the option “Binary options signals “. The number of requests per month is almost the same as that of “binary options trading”. This shows the high popularity of binary signals among traders. In this article, we will figure out what a trader needs to know before using binary options signals.
What are binary options signals?
First, let’s define what signals for binary options are.
Binary options signals are recommendations for making a trade while trading binary options.
Receiving trading signals for options usually occurs through: Mail, SMS, platform or closed category of the site./forum.
» Sources of binary options signals
Types of Binary Options Signals
Binary options signals are divided into several types and are provided to traders on different terms. Signals can be for specific assets or for everything that is traded. There is a difference in the algorithm for making a decision on a signal, this divides binary signals into several types.
Types of signal generation for options
[list style=”check”]
- Robots – Signals are generated using trading robots. The program includes an algorithm for making decisions on assets. If the conditions are met, the robot signals that it is necessary to open a trade. These are usually complex strategies.
- Analysis is an analyst’s forecast using technical or fundamental analysis.
- News – a signal is formed at / before the release of news on the strategy of trading binary options on the News
- Social trading – the signal is generated based on the number of trades made by a group of traders. [/list]
Who makes money on signals
In order to understand what results we can expect from binary trading signals, we need to understand who makes money on them.
Robots- Today, there is a whole industry that creates robots for trading options. However, their goal is not to provide traders with high-quality signals, but to make money by selling their trading robot. This is done by groups or one programmer who churns out programs without delving into the meaning of indicators and their meanings. They themselves do not use the robot in trading, as the result will be negative. After all, if the robot earned, why sell it when you can make a deposit and earn it yourself.
False GURUS are super specialists who themselves have already earned millions, and now help traders. Only to receive a signal, you need to open an account with a binary options broker. For this account, the broker pays a commission. The result of the auction is not interesting, since the money has already been received.
Social trading– basically this service is provided by brokers. But if we know that the bulk loses money, then what’s the point of repeating the behavior of the crowd. The brokers themselves make money on this, as they ask to make a deposit of a certain size in order to start receiving social signals. Please note that basically signals for binary options are provided either after payment or after opening an account with a binary options broker. (Think about it)
Signals of binary options brokers – a broker earns from this type of signals, a certain deposit is required to receive signals.
» Binary options robots or automated options trading
Where to get signals for binary options
By writing in Yandex or Google, you will immediately find millions of queries on the topic of binary options signals. This will be paid advertising, which is promoted in search engines or many other services.
Which promise from 70% -90% of successful transactions.
Signals can be obtained from independent sites like ours or from binary options brokers. We do not claim that everyone is a scammer, we say that you need to check before entrusting your money to someone.
How to check option signals
1. Find out what is the percentage of performance on binary signals, and what is the minimum deposit to receive them. Get warranty, trial period, test.
2. If you can, get an approximate algorithm, at least which indicator is used to receive the signal. Check if the signals come with indicator readings.
3. If the minimum transaction is $ 25 and the minimum deposit is $ 200, these are scammers.
4. Check your trade history.
5. Find real testimonials. Look only for the bad ones, as the good ones are written by those who create these trading signals. The bad ones will really show the crook.
6. Find out which broker you need to trade with.
7. If you are under a lot of pressure, they are scammers.
8. If it is a website or forum, ask for predictions or test signals to trade for free. After checking everything, you reduce the chance of getting to scammers who will make money on you, and you will lose all your money.
Risk Management with Option Signals
The main reason for the loss of a deposit is risk management. If you receive a signal and you decide what the size of the transaction is, you should clearly understand that the effectiveness that has been provided to you must be checked. It doesn’t matter when you trade yourself or when you get signals. Always use risk management.
Time frame for the signal
When starting to use binary options trading signals, always check for what time periods they are provided and at what hours. We met with a service that sent an SMS signal to turbo options. As a result, everything is in the red. The explanation is the provider’s latency. Find out exactly what types of binary options and what time frames are used in the strategy.
Inference:
There are many services on the Internet that want to sell trading signals for binary options. The bulk earns on the trader. Investing thousands of dollars in advertising, instead of making money using your signal generator. We do not advise traders to blindly use these trading tips, as in 99% of cases, money will be lost. If the trader is a beginner, it is better to understand how the binary options market works and only after that do all the checks and use third-party services. Rely on yourself. Compare your signals with our predictions.
Find the best binary options broker for you.
And remember the free cheese in a mousetrap.
Tagged with: Binary Options Signals
