Binary options signals are trading alerts for specific stocks, currency pairs, commodities and indices. Subscribing to a signal service is a fantastic initiative in diversification of your current portfolio.
More Binary Options Signals Services
If you have tried the services above, the “More Binary Options Signals Services” all offer profitable value and are definitely worth giving a try. While these aren’t top tier services, they all offer something special that can only be found via their site.
The price of an average service can start from around $100 per month. Before using any binary options signal service we recommend placing “test” or “paper” trades in a demo environment before graduating to live trades.
You generally receive the trade alerts via sms, email or they are traded on your behalf direct to your broker with a robot syncing service (like Binary Option Robot).
If you are novice trader, buying signals can be a great way to learn what to trade from an experience group of professionals who are providing the expert alerts.
More experienced traders will also find value in a good signals service because it acts as a backup to their own opinions on a trading idea and gives them a “heads up” on stocks they might not be watching as close.
What are binary options signals?
Binary options signals are trading alerts provided to subscribers for certain stocks, commodities, currency pairs and market indexes.
There are many binary option signal services in operation, but keep in mind that they are not all created equal.
Many experienced traders will “test” a signal service just by documenting results as they are provided and seeing what the win percentage is.
Do keep in mind that there has yet to be developed any signal service that is 100% accurate. If a signal service would happen to state they are, you have permission to tell them they are lying.
What are binary option robots?
Just like signal services, there are also a plethora of binary option robots in existence. And also, they are not all created equal.
Binary option robots are simply software systems that are set up to understand trading algorithms and make trades for the investor while he/she is performing other tasks.
Some robots are designed so the user can determine certain settings that the robot will have to abide to when trading. And, there are others in which the investor just needs to trust that the robot will make accurate trades.
Further down, we will share what we believe to be the most reputable binary option robots.
How much does a service cost?
The cost of signal services and trading robots can vary.
Many are free when you use one of the system’s recommended brokers.
Other services may cost $50-$100.
We suggest you see if the service you are considering offers a demo program or a free trial so you can see if it is the service that will fit your needs.
How do algorithms work?
Without getting too technical, algorithms are used in many functions including binary options trading. Essentially, an algorithm is a step-by-step operation that processes data, calculates that data and provides them most logical future outcome of that data.
So using algorithms in binary options trading, the system will process past actions with that particular asset along with many other factors and will determine the most logical trade that can be made to gain a profit.
I mentioned earlier about providing you with our recommended choices.
OptionRobot.com is an automatic trading system I will highly recommend. Investors have a variety of binary options brokers they can choose from to use this free trading robot, and these are quite reputable brokers.
The best part with OptionRobot is how much control we have over its trading procedure. You have the ability to tell it what signal indicators it will use, what trading method to use and what assets it can trade.
I tested the demo account and found myself amazed at how accurate this system was.
Another great automatic trading system is AutomatedBinary.com. It is another system that I will recommend, especially for new traders.
You can test out AutomatedBinary.com with a $50,000 demo account to find which settings work best for you.
Similar to OptionRobot, you have huge control over the settings and how this automated trading system will trade your money.
What’s more, AutomatedBinary.com works in your open browser. If by some chance your browser shuts down, the system will not make any more trades until you tell it to start again.