What are Binary Options Signals?
How can you best exploit binary options signals to improve your profitability? This article is intended to answer these questions.
What are Binary Options Signals?
Binary options signals are a simple guide, maybe informed, maybe not, indicating whether the market is about to go up or down. There are a number of companies on the market at present that specialize in supply their clients with quality binary option signals. By doing so, they endeavor to advise customers about the optimum times to execute new binary option trades. The information provided also recommends which assets to use and the best expiry times to select.
Basically, such services attempt to eliminate the complexities of identifying new quality trading opportunities by generating alerts using their own teams of professional traders. They normally construct their recommendations by undertaking a thorough analysis of all technical, fundamental, trading and statistical influences impacting a selected asset. From their studies, the experts then derived their preferred short-list of best opportunities which is forwarded to their clients. Some companies offer this service on a daily basis while others do so weekly.
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The primary objective of signal creators is to produce precise alerts that can statistically generate quantifiable profits over the long haul. However, you must appreciate that signal providers, no matter what they claim, cannot assure that their services will generate constant success. As such, you must still adopt caution if you are contemplating using such companies by not risking more than you can afford to lose. (Prudent money management principles should be applied at all times)
Alerts can be created for assets from all the main trading categories including commodities, indices, currencies and stocks. For example, signals can be supplied for Google, Apple, Microsoft, USD/JPY, EUR/USD, gold, oil, copper, S&P500 and the FTSE, etc. The complete list is extensive.
If you subscribe to such a service, then the alerts will be sent to you via email. Alternatively, you can obtain details by visiting your provider’s website. Some firms have started to implement SMS technology. This valuable information is also distributed utilizing Social Media outlets such as Twitter and Facebook.
The number of signals generated during any specified period varies dramatically depending on the providing company. The minimum amount tends to be at least 8 to 10 alerts per month. Many signal providers claim that they make healthy profits from trading their own indicators. If you are planning to trade binary options using signals, remember to deploy a well-proven money management strategy in order to restrict your risk exposure. Specifically, you are well-advised not to risk more than 2% to 3% of your entire equity per trade. We would also recommend you conduct your due diligence and establish the accuracy of any claimed trading results.
How often do signals produce ‘out-of-the-money’ results? Most suppliers will answer this question by informing you that it is practically impossible to win all the time. Instead, they aim to provide a more realistic win-to-loss ratio of 60%. They further claim that their historical records prove conclusively that they have successfully achieved the target in the past.
You can also register with the most reputable signal provides with the comfort that you can cancel your subscription at any time should you eventually deduce that this type of trading is not for you. Before enrolling however, you are advised to carefully check out any procedures that you will have to complete in order to cancel your subscription.
Will you still need to learn and understand how to trade binary options successfully if you subscribe to a signal generating company? Theoretically, your workload will be significantly reduced as you will no longer have to identify quality trading opportunities. However, as there are many aspects to this type of trading, you should always seek to improve your knowledge and skills by learning as much as you can about this intriguing subject. You can accomplish this goal by visiting our comprehensive training educational section.
Please also make sure you check out our Recommended Brokers page