There is more to binary options than placing a trade based on whether the price of an asset will go up or down. To make profitable trades, you need to analyze trends to correctly predict the price movement of the underlying asset.
What Are Binary Options Signals Services?
Traders use binary options signals services as an alternative to spending hours following the news, poring through candlesticks and tracking moving averages just to stay abreast with market trends. Signals providers simply offer recommendations on whether to take a Call or Put option position based on the movement of an asset. With Binary Option Signals Services you can predict commodities, stocks, indices or currencies movements. The provider essentially does the analysis and prediction for you and sends you the alerts via your preferred medium such email or smartphone.
There are numerous signals providers but most will generally send you information such as the type of trade to execute on an asset, strike price, expiry time and type of asset. What’s really important is to act on the information as soon as it is sent to you to be able to profit from the signals—after all, many trades typically have short expiries of 60 or 120 seconds but it's possible have expiry time of 5 min or choose Touch / No Touch options.
How to choose a binary options signals provider
The first attribute to look out for when choosing an options trader is their track record. Reviews by others traders will be helpful in showing you whether the recommendations are accurate most of the time.
Most important providers will require you to pay a fee for the service. Just because a service is $200 and another one is $80 does not mean that the former provider will give you accurate results. Free service providers are equally not too keen on maintaining subscribers and may not invest much time in researching the markets to offer you the best predictions.
The most important professional signals provider are: UpDown Signals, Binary Options Pro Signals, Binary Options Trading Signals. When you choose a signal provider check which type of assets predict it, how many signals generated in a day (frequency), if signals delivery is online in real-time or by email or sms and the last thing to consider is the prediction success. For this last important thing is very important: rating by past traders. Every Professional Signal Provider has a fee in relationship with signals success. Don't care about this price because it will return to you much more with prediction success. So justify high price difference between two different signals providers. Not last but also important is how many options types can predict (30 seconds, 60 seconds, 120 seconds, 5 minutes, Touch/No Touch).
Overall, binary options signal services can save you time when it comes to analyzing market trends. However, the recommendations are not always 100% accurate, making it necessary for you to do your own research as well to increase the number of profitable trades.