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;
Trading binary options can be one of the most profitable ventures you’ll ever come across on the web. With so many assets to work with and markets that are virtually open 24/7, there’s always an opportunity for making it big and finding an investment niche that you’re comfortable with – and can profit from.
On the other hand, the very features of binary options that make them attractive to investors also create challenges that need to be systematically addressed to minimise investment risk. Specifically, the following questions need to be answered if you are looking to increase the likelihood of success with binary options trading:
Which assets do you choose to work with? Would you limit your exposure by only trading assets that you are familiar with and completely ignoring assets that you have no prior experience in? What does that strategy ultimately mean for your investment flexibility and diversification strategy?
How do you identify assets to trade on any given day? Is it efficient to try and read up on the latest news covering a wide array of markets from stocks and foreign exchange to commodities in order to develop a personal list of assets to trade?
This is where binary options signals become a very powerful tool for savvy investors who want to increase their likelihood of success with binary options trading. Simply put: you don’t want to leave any investment decision to chance. Every decision you make should be backed by sound data and analysis. This subtly transforms options trading from gambling, to investing.
In the world of investing, signals are leads or alerts that serve to guide you on how to invest for any given period. Given the immense scope of different investment instruments and the wide range of assets within each specific instrument class, it’s practically impossible to try and keep tabs of all the relevant assets. You can easily spend hours if not days trying to jump from stocks to options to commodities and foreign exchange and still not find a coherent strategy that will allow you to make informed decisions about your next investment.
Signals were developed to address this obvious need. If you are a series options investor, signals are tremendously useful because:
Why Signals are Necessary in Options Trading
The nature of binary options trading makes signals an extremely useful tool for options investors, and much more so compared to other investment vehicles.
For example, despite the perceived volatility and dynamism of stocks, there are not a lot of situations that makes a stock jump significantly on any particular day. It almost always takes a unique set of circumstances to significantly impact a stock’s position so much so that investing yesterday or today on a particular stock asset often does not lead to massive gains or losses. This is also the reason why stock investors can afford to play the stocks for the longer term, because the daily volatility is almost always negated by the prospect of long-term growth.
One cannot say the same for options trading.
To make significant profits with binary options, one almost always has to play the short-term game. This means hourly or end-of-day deals. Given the shorter investment times involved in each transaction, finding a way to understand the sources of volatility become really important.
This is where signals become really handy prompts for helping you make the right decisions. You need expert opinion on an asset’s current position and how it is expected to behave in the short-term. That requires a lot of data and analysis that experts can provide quickly and easily.