Binary Options Signals
Trading in binary options is not a guessing game, and it is not about luck. Instead, it is about careful analysis of financial assets to make informed decisions. Not every trader has the time or the skills to do this analysis though. This is why binary options signals are so important. They are created by professional traders, who do all the analysis for you. You can then use these signals—or recommendations—to make your trades.
A number of binary options signal providers are available, so it is important that you pick the right one. We have reviewed a vast number of them and have a shortlist of providers we recommend. These are providers that generate verifiable results. In addition, we prioritize providers that offer free options and those that have an auto delivery feature.
The Best Binary Option Brokers 2017:
Make More Money Using Signals
Identifying profitable trading opportunities is the key to success with binary options. This involves analyzing the market and includes analyzing long-term metrics, such as the following:
- Price-to-earnings ratio
- Capital structure
- And more
Asset analysis can also involve looking for patterns in historical charts that can indicate the direction of future price changes.
Both types of analysis require knowledge and experience. These things take time to acquire, but time is something that most traders do not have. Signals mean you can make profitable trades based on expert analysis without spending any time doing the analysis yourself. You are given the strike price, details of which direction the price is likely to move, and an expiration time. With that information, you simply set up the trade.
Methods of Delivering Binary Options Signals
Binary options signals are delivered in three main ways depending on the signals service provider and the broker you use:
- Manual – You are sent a communication with details of the signal. This could be through a notification on your trading platform, an email, an SMS message, or another communication method. You then copy this information into your trading platform.
- Electronic – The signal is sent directly to your trading platform, with all the parameters pre-set. You then check and approve the trade, usually with one click.
- Automatic – The signal is sent directly to the trading platform and is automatically approved. This means you don’t have to do anything for the trade to be placed.
There are benefits with each, but the automatic option means you are less likely to miss a profit-making trading opportunity.
Free and paid-for options are available for all three, although it is becoming more common now for signals services to be free of charge. They almost always have an expiration date/time.
Creating Binary Signals
In general, binary options trading signals are created in two main ways. The first is by a professional trader who uses his or her expert knowledge of the market to look at indicators, historical trends, and computer models. The second is by an algorithm. Algorithms are set up by professional traders to look for trends as well as opportunities in models.
Of course, individual traders can do this too, and many do, particularly as they gain experience. This doesn’t mean binary options signals are not useful, however, even for experienced traders. Signals give you other trading options so you can place more trades and make more money.
Categories of Binary Options Signal
You will find signals available for all categories of financial assets. The most popular are indices, forex, and particular commodities. It is helpful to think of signals in these categories as this will ensure you choose the right signals service. For example, if you are interested in stocks and spend most of your time looking at the stock price of major companies, you should choose a signals provider with a track record in stocks.
Push and Act: What Is the Difference, and Which Is Best?
There are two main types of binary options signal: push and act. A push signal is one that has to be acted on immediately. With an act signal, the price of the asset has to reach a certain point before you place the trade.
Both have advantages and disadvantages. Push signals are more easily missed, but they are often more profitable as there are fewer variables that can move the market in the wrong direction.
You get more time to receive and implement act signals, so you are less likely to miss them. However, in that time, the market can change, and an event can influence the price of the asset. This can, in some cases, have a negative impact on the potential profit that can be made from the trade.
Choosing a Signals Provider
Selecting a signals provider is one of the most important decisions you will make when starting off as a binary options trader. The most experienced traders achieve win rates of 65 percent and more, but finding them is not always easy. You also have the option of algorithmic-based signals, but we still find that signals created by professional and experienced traders make the best returns.
Signals365.com creates over 100 signals a day and has a win rate of almost 70 percent. One of the best things about the service, however, is the level of transparency—all the results achieved by Signals365.com are published on their website in real time.
The user interface is easy to use, and it is simple to filter and switch between different assets, timeframes, and more. If you get stuck, there is 24/7 customer support.
Two options are available. The first is free so long as you sign up with one of Signals365.com’s preapproved brokers. With the second option, you can use your own broker. This costs $99 a month.
The Signals365.com User Experience
When logged into the platform, you will receive alerts when new signals are available. These alerts include crucial information, such as the name of the asset, the opening price, the closing price, the direction of the price, and the expiration time. There is also a countdown to help you place trades within the timeframe.
To place a trade, you simply click Take Trade Now. This opens a new window where the trade can be completed.
Real-time information is displayed so you can see the results of all trades, including those you don’t make. This means you can monitor the performance of the signals sent to help you decide which ones to trade.
Our tests returned a win ratio of between 60 and 70 percent on about 100 signals per day.
Professional traders generate the signals on Signals365.com. They look for assets that are in an overbought or an oversold condition as well as other indicators. The signals sent are typically a reversal of this condition.
Signals are sent in currency pairs using the world’s main currencies. This includes EUR/USD, EUR/GBP, GBP/USD, USD/JPY, and more.
Acting on any of the signals sent requires a few simple clicks.
One important feature of the service is the way it handles major news events where market conditions become volatile, lowering the win rate. Signals365.com recognizes these situations quickly and stops sending signals.
The service is browser based, so there is no software to download. You can use the service on your computer, mobile phone, or tablet.
Our tests achieved win rates of up to 70 percent. Our tests were conducted on different dates and at different times of the day. On each occasion, Signals365.com sent an average of 100 signals a day.
One of the reasons this high win rate is achievable is the fact that you can monitor real-time results. This means you can focus only on high win rate signals.
A number of features make the Signals365.com service stand out from the crowd. The most important is the real-time information available as it demonstrates transparency and also helps traders improve their win rates.
The platform is also easy to use, and the customer support that is available is excellent.
PIP365 is a binary options signals provider that sends signals to execute trades. In our tests, the platform performed exceptionally well. It was easy to use and delivered excellent results.
PIP365 is a free signals service when you use it with one of its pre-approved brokers. There are a number of brokers to choose from, so there is sure to be one that meets your needs.
The PIP365 User Experience
In our tests, the signals sent by the PIP365 service were very reliable, achieving a high win rate. The platform is also flexible and easy to use. It connects directly to your trading account so you can execute trades simply and quickly. In addition, you can use the platform to place manual trades based on your own analysis (i.e., not from a signal).
PIP365’s signals come from complex algorithms that constantly monitor the market. Once those signals are generated, it is quick and easy to execute trades with them. In fact, you can even use your own trading platform to place the trade, or you can do it through PIP365. You cannot set the system to automatic, however, so you do have to respond to each signal manually, but the process is straightforward.
Plenty of information is provided within the service to help you find exactly what you need. Everything is web based, so there is no software to download or install.
Signals from PIP365 are sent during business hours, Monday to Saturday. It is real-time information, so the best results are achieved when acted on immediately. In our tests, the service had a win rate of 75 percent. In other words, almost 75 percent of the signals sent ended in a profitable position.
PIP365 is an extremely flexible signals service that is free of charge. In fact, it is free whether you use one of its pre-approved brokers or your own broker. The pre-approved list of brokers includes many of the most respected in the industry. The main benefit is the accuracy and reliability of the trading signals. They are sent in real time, and if acted on quickly, the potential to make a positive return is high. Executing trades is quick, and the platform is easy to use.