Where to get binary options signals and how to get another opinion on the transaction? This question is of interest to many traders. Often on the Internet you can find offers to receive paid signals or signals from binary options brokers. However, which signals are better and which will show the best result? There are many scammers on the Internet who are not interested in the result of your bidding, how to avoid the trap and understand who gives the real signals.
In this article, we will analyze the types of signals and their receipt, how to identify a scammer and how to use binary signals. First, let’s deal with the question of what binary options signals are. Some treat them as with 100% orders that need to be executed. However, these are recommendations for trading opportunities in the market with a detailed forecast for price changes. Binary signals have a performance that determines the possibility of obtaining a positive result. There are no 100% positive trades in trading, and many options signals go into the red. Relying only on them, traders lose their deposit without even understanding how it happened.
Types of Binary Options Signals
Binary options signals are supplied by several kinds of providers. Each of them has different results and a separate algorithm for decision-making. Signals are not always sent by robots. Therefore, let’s consider the main types of binary signal generation.
- Binary signals from robots (Automated trading systems) – the robot’s algorithm is based on the readings of technical indicators. Since in the automatic process there is only price and time. Based on this, strategies are created that show a signal for options trading. Different robots show different results. We must not forget that robots are written by programmers who often have no idea about bidding. Therefore, their solution is only mechanical.
- Binary Options Signals by Complex Strategies (Binary Options Trading Signals from Private Providers) – These signals are supplied by a specialist or a group of traders. Usually, all economic factors are taken into account for trading.
- Binary options signals for fundamental analysis – it can be robots, or it can be a group of people. Which give a signal when the rate of price change increases. A very important point is the relevance of the signal. Since if there is a delay of at least 5 minutes, the trading signal may not work. Binary signals are paid and free. It doesn’t change the outcome. The main thing is to understand how the signal works and what goal is set before using it.
How the effectiveness of signals is measured.
If you have already decided which signal provider to work with, be sure to do a test. Why the test? No one can guarantee that the statistics that are shown to you are real. A lot of “false gurus” or “super robots” promise
85% of positive deals.
However, they themselves are scammers who make money by selling trader’s data to brokers or engaging in spam. How, then, do you know how to measure the results?
Immediately decide on the amount that you are willing to pay for the test. Why? Because testing can lead to the loss of the deposit. So, for example, if the effectiveness of the signals is 80%. You can get a 20% minus right from the start. Thus, if you made a deposit of $200, we can make a total of 20 trades of $10. But if the statistics were calculated from 100 transactions, then 20% is your entire deposit. When trading on signals, you need to carefully monitor the indicators. If out of 10 trades 7 were not in the black, the chance of losing the deposit is very high. Please note that the results vary depending on the asset, the time of trading. Make notes and stop trading, we will signal, as soon as there will be more than 3% of negative trades.
What indicators should be considered to determine the quality of a binary signal
The purpose of this analysis is to determine when the signal performed best. Thus, the trader will be able to stop trading on signals with poor results and increase volumes on signals with high results. To do this, you need to check: Asset Type of binary option Minimum transaction on options Payouts on options Time of trading on the asset The relevance of the signal It is necessary to determine both the best and the worst signals. In order to prioritize and build trading on binary options signals. For example: 06:00-09:00 Classic EURUSD option 09:00-12:00 One touch GBPUSD Thus, the trader can exclude false signals, as well as determine the effectiveness of the binary signal provider.
» Rating of binary options brokers
Methods for obtaining binary options signals
Binary options signals are sent in several ways:
- By e-mail
- SMS – it is important to fill in the phone number correctly
- Through the platform (a cabinet in which a trader can enter and see a table with signals)
Using Martingale in trading on signals
We met traders who tried to trade signals using the Martingale strategy. Thus, if the trade is triggered, the trader compensates for all his losses. However, after doing several tests, the results showed that it did not work. Since there are restrictions on the minimum and maximum bet (bet).
Scammers in binary options signals
Binary options signals attract many novice traders. So, where there are many people who want to make money without making an effort, there will always be a lot of scammers. The purpose of these pseudo signals is not to make money on signals, but on traders. To understand how false signals work, you need to know what they make money on.
- The first type of earnings of scammers is to sell the trader’s data to the broker. The result of the signals is of no interest to anyone, the goal is to aggressively force the binary options trader to register with the broker.
- The second type is when scammers receive a premium from the broker if the trader makes a deposit.
- The third type is to sell signals to the trader.
In all cases, scammers earn regardless of the results of binary signals. There are a lot of such signal providers on the Internet. They offer to earn money and show success stories. Of course, these stories are invented, and the characters are fictional, but this does not prevent them from looking for naïve traders – beginners. Remember, not everyone who offers you binary options signals aims to earn you.
Top 10 Signs of Binary Options Scam
How to Use Binary Options Signals
If you have found a good signal provider, done a test and decided who to work with, there are some tips on how to use binary signals. When receiving a signal, choose a binary options strategy. The point is to compare the signal with your strategy and identify false signals. Why is this important?
There is a percentage ratio between positive signals and negative ones. Using a binary options strategy, you can find a pattern that will show when and under what conditions a false signal is formed. After identifying these, you can simply exclude them from your trading, thereby improving your result. After all, a couple of developers may not see what you can find during testing. Look for confirmation of the signal.
Inference:
In binary options trading, your result should depend only on you. Signals should be only as an auxiliary tool, and not a guide to action. If a trader loses a deposit, and the result on a binary signal is not what he expected, this is the trader’s own mistake.
With the correct use of signals, you can get more confirmation for trading, thereby increasing your results. Check all signals before using them
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