Binary option signals are an alert or message that provides information on a particular trade. The specifics will depend on the type of signal and the service being provided. Often these services to provide binary signals will incur a cost, either as a one off purchase of a system for example, or an on-going subscription for regular signals over the long term.
At binaryoptions.co.uk, we would advocate education over signals. Deferring investment decisions to a third party removes some of the ‘safety’ of risk management and control. We are aware however, that some traders will want to use them regardless. So we have highlighted some of the better providers.
(See the services we recommend below)
There is a broad range of binary signal services on offer and it is worth understanding them if considering their use.
To compare binary option signal providers, it first needs to be established what is being offered. So a good service might offer entry, exit and stop loss figures. Either exact figures or guidelines. There should also be some supporting information. This might be in the form of technical analysis, graphs or other data. A service might also provide some performance history. This could demonstrate the effectiveness of the strategy. The way a service is sold is also important – avoid any scheme promising instant riches.
So when looking to identify the best binary signal service, the following needs to be considered;
There are a whole of different signals that might be offered, these might include;
This variety can make generalising about a service difficult. If a trader wanted to concentrate on a particular trade type – such as ‘end of day’ trades for example, then a provider specialising in that form of signal would be most appropriate. So a trader must assess their own requirements in addition to comparing signal services.
There are a huge range of binary signal providers. Some specialise in just providing signals, while others offer them alongside other related services. For example, some brokers will offer alert services or signals. With some providers, it is possible to try a trial service. This might be a good way to see exactly how the service operates, and what is provided.
We have identified some of the best signals services we have come across and give a summary of their services below. We have been approached by many providers and researched testimonies and comments of existing clients too and these are the services we would recommend to any traders wanting to invest in professional signal providers;
Visit Blue Sky Binary here
Blue Sky Binary currently represent the best option for traders looking for some form of assistance in their trading. A free introductory consultation is available, where both parties can establish what they require. The range of services offered mean that most requirements can be met, whether that is via education, signal alerts via the hive service, or automated trading system AutoTrader – this is sold with realistic price warnings regarding the potential swings in perform – another tick for the transparency of the operation.
Visit Signals365.com here
For traders looking to trade with information on par with professionals, there is a service which offers the complete market information platform – Money.net
The service collates information streams, news, live prices and commodity updates (Sample screen shot below from just one of the information screens). It presents as much or as little of this information as the trader requires. There is also a 14 day free trial. The service offers outstanding value when compared to similar services and is the only information platform BinaryOptions.co.uk recommends;
Click here for more details;