Binary options signals are indicators that show whether to make either a CALL or PUT trade through to your broker. But how do you know the best binary options signals to choose? We’ll show you how.
Binary options signals are determined by analyzing price movement charts and other trends of the asset. That’s a massive amount of data crunching. Traders came to rely on automatic trading systems to do the grunt work.
Since currency trading always occurs in pairs, signals were initially developed for foreign exchange trading. Currency trading remains popular, but signals can also be used for equity trading, commodity trading, and indices.
Finding the Best Binary Options Signals
You can find free signals shared by individuals on online discussion forums or paid signal service providers with large upfront costs.
These are generally not recommended because they don’t have extensive experience and a trusted reputation.
Beware of scams with binary options signals.
Paid signal services are aggregated from multiple signal providers or from established investment firms that have years of experience and satisfied customers. These are recommended for professional investors because of the high cost and complexity of signals.
Signals from trading software are easy to use and resemble the software used by investment banks. The best trading software robots are free.
Ideally, whichever option you choose will include features such as automatic stop-loss, comprehensive trading history data, real-time customer service, a free service or trial period, and compatibility with trusted broker sites.
Long-term signals stay valid for up to a week and short-term signals last for less than an hour. For this reason, the best binary options signal providers link to your brokerage account.
Because of their ease of use and flexible options, we recommend that most investors utilize a trading software robot for the best binary options signals.
Best Binary Options Signals Providers
Traders can choose one or more indicators (Trend, CCI, RSI, MACD, Williams, Stock) to go by. Traders also select a trading method:
- Classic or traditional– trades equal amounts every time. Considered the safest method, so it is recommended for beginners.
- Martingale– doubles trade amount after a loss until a win occurs. The riskiest but most profitable method.
- Fibonacci– uses a classic mathematical system to measure the best amount to trade with. Most accurate method and safer than Martingale.
Open Robot has a certified win rate of 83% and above, one of the highest in the industry.
After several software robot scams from other companies, AutomatedBinary Signals stepped to the plate and quickly gained a following.
The most exciting feature is a demo version where you get $50,000 in virtual money to trade and test the software. No, you don’t keep your earnings, but it’s a great way to learn and have fun.
AutomatedBinary.com uses indicators that were made for stock and Forex trading but adopted by binary options traders. These six indicators are RSI, Trend, Williams Percentage Range Indicator, CCI, Stochastic Oscillator, and MACD.
The software uses the three trading methods described above: Classic, Martingale, and Fibonacci.
It’s too soon to tell, but so far AutomatedBinary.com averages between 87% to 90%.