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Binary options signals are trading recommendations that can help you increase your trading profits. If you simply don’t have the time or inclination to study market analysis, take advice from the experts by using binary options signals. These professional recommendations make binary options trading a whole lot easier.
Binary options signals are useful trading alerts that notify traders who sign up with a signal provider. Many beginners, who do not have the necessary skills and experience that enable them to consistently get high win rates, will appreciate signals, since they use insights from industry experts to generate profitable trading opportunities. A signal is basically a guideline that users can easily integrate into their own trading strategy.
The financial market can be volatile at times, and it is often difficult to predict its future movements. Consequently, this leaves room for much speculation about the future prices of assets. Traders who deal with binary options and other sorts of financial instruments are often confronted with difficulties when it comes to identifying opportunities that ultimately result in profit. Not everyone is an expert and this is why signals can be helpful!
Generally, financial experts calculate the relationship between the price of the asset and other market variables, then try to figure out the meaning behind certain graph patterns and the way in which prices are established. There is no straightforward method of forecasting the movement of prices – professionals mostly rely on technical and fundamental analysis, as well as their own seasoned experience.
Fundamental analysis comprises factors that determine long term growth, such as price-earnings ratio and liquidity assessment. Technical analysis, on the other hand, is used to reveal the variety of patterns that provide indications on the movement of the price. For inexperienced traders, it may take some time to acquire the skills to master these tools and more importantly, to use them correctly.
Signals can therefore be helpful as a means of increasing one’s capital, for those just starting out in the binary options trading world. However, they can also be equally useful to experienced traders as they help the cover other corners of the markets they would not otherwise be able to and to make a larger amount of trades, leading to an overall more successful trading experience.
Signals can take the form of written instructions sent directly to the trader’s PC. Some signals are delivered via e-mail or SMS, while others require visiting a particular website.
If the signal is delivered as written text, the trader will then be required to paste the text into the trading tool and trade accordingly. Auto trading goes a step further and trades signals by transferring them to the trading platform the trader is currently using and executing the trade automatically.
Signals are either provided free of charge or the trader will usually be required to pay a monthly fee, in order to have full access to them. However, the constant growth of the binary trading industry has led to the lowering of prices in recent years. This does not necessarily mean that the signals obtained are of poor quality, rather on the contrary, many reliable signal providers, offering free signals are currently taking over the market.
The truth is that many providers choose to offer free signals because very high trading volumes means that the cost per signal falls dramatically. It’s important to consider that signals expire after a certain time frame, hence it is crucial to act within the right time.
There are two main types of signals: push or act. Push signals refer to the fact that the alert received must be used immediately because they expire quickly. Act signals require the trader to wait for the change indicated in the price and only then to act and carry out the trade. Both types include their pros and cons; push signals require that traders must be alerted immediately, in order to execute the trade, while it’s a waiting game with act signals, as traders must wait for the price to reach the suggested level. Constantly following levels can prove a challenge because if the optimal time frame is missed, the variables may change completely and your chance is lost.
Selecting the most experienced and professional binary options signals service provider in the industry means half the work is already done for you According to the most recent statistics, best signal services manage to achieve win rates of over 65%. Some binary options auto trading software solutions are trying to make use of computer-based algorithmic trading, but financial experts still prove to be the better choice for providing signals for binary trading.
Our most recommended signal provider at the moment is undoubtedly the Binary Options Robot. This trader is actually first and foremost an auto trading platform, however they provide signals free of charge and manual trading is also possible. Apart from winning two coveted FBO awards so far this year, they also got the Best Auto & Signals for 2015 award, which is proof of why we consider them to be the best in the industry.