Binary Options signals have always been very popular but there is an even bigger demand now. There are many pro traders who use signal software to predict the right directon of an asset.
Introduction To Binary Options Signals
What are Binary Options Signals?
You can derive much of the meaning of Binary Options Signals from its name. To put it simply, they are predictions of how an options contract will turn out. Therefore, an options signal is like the forecasts you get for stock picks in the dailies. Except that, it is more specific, with a concrete price point and time limit.
Not all signals result in a positive outcome. Such a scenario is impossible. However, traders expect signal providers to output more correct signals than incorrect signals. This way, you make a net profit.
The best binary options signal provider is BinaryOptionRobot. Read the review here.
This realization is behind the use of the “Win Rate” metric to gauge the performance of signal providers. The Win Rate of a signal provider refers to the percentage of win signals generated. Of course, a 100% Win Rate is out of the question. Therefore, the emphasis is on how close to 100% a signal provider is.
Most performing signal providers guarantee a win rate of above 70%. The best binary options signal providers have a win rate of above 80%.
Versatility of Binary Options Signals
Signals do not just pop out randomly. Heavily tweaked and highly complex algorithms and systems generate a respectable number of signals daily across several asset types and time limits.
One system or software (often called signal provider) may generate signals for only one asset or a range of assets. The top performing systems with highly accurate signals usually only generate signals for specific asset types and certain time limits.
Therefore, if you use multiple premium signal providers, you would likely be able to receive signals for many assets and varied periods.
Auto versus Manual Trading
You have a choice on how to use signals-manually or automatically. With manual use, you simply follow the signal details. You select the specific asset, stipulate the type of binary options and contract terms, after which you select the time limit.
With auto trading, you do not have to go through that stress, which is a nice one especially if you are use lots of signals. Rather, the trading platform or software enters the signal details for you.
It essentially trades on your behalf automatically in a seamless process. It does have its risks, but it is incredibly convenient. If you happen to use any of the best signal providers enumerated below, then the risks are much lower and auto trading is very profitable.
4 Best Binary Options Signals Providers
BinaryOptionRobot is by far the best binary signal provider. Read the review.
Winning Rate: 86%+
This signal provider is taking the binary options signal mini-industry by storm. VirtNext have proven time without number with diverse users that high-earning signals are not a myth.
Traders whether experienced or not can use it to achieve considerable success. Over the years, the system has grown so sophisticated to offer signals for multiple assets including currencies, stocks, and futures at varying time limits.
While the increased array of supported assets has diluted its win rate by a smidgen, its efficiency is still far above what other premium signal providers can aim for. It is actually possible to get as high as 95% on good days. So, if you’re not on the VirtNext train yet, you should consider getting on board.
Dow Jones Focus Group
Winning Rate: 79% to 83%
Equinox is behind the Dow Jones Focus Group. The company name might not immediately ring a bell if you’re not well versed of the binary options community, but make no mistake, they do have a reputation.
This signal system joins the elite band of premium signal providers with a diverse user base. This proves amongst many other facts that it works, since the provider is not getting a thumb up from only a few questionable sources.
It is an automated system. Thus, you are able to take advantage of its seamless trading process to bank hard. The win rate starts at 79% and can get as high as 83%.
You need a registration to get started. However, that is easy to complete and you can start receiving signals and trading real-time within minutes of completing your registration.
Winning Rate: 80%
Gold Digger is a new kid on the block, but it is taking much of the old breed to the cleaners. The signal provider is highly specific, only providing signals for gold and a limited number of commodities.
This high specificity gives it the edge in win rate as it can get you a net 80% win rate. All you have to do is register to get started.
What To Consider When Making A Choice
Occasionally, you may come across a binary options signals provider that is not on our list and want to try it out. We advise that you do your due diligence before taking the plunge. In any case, do note the following:
This is not an absolute requirement, but if you’re going to pay for signals, then a free trial period spanning some days to test-drive the signals to be expected is a welcome feature. This offers you a clear chance to gauge performance and gives you an inkling on the level of confidence of the signal provider.
However, some premium signal providers do not require a fee or subscription. Rather, they require you to register an account and fund a broker account through them. They get a kickback for bringing you to the broker and often get continuous kickbacks when you place a large volume of trades. The broker pays these kickbacks, so it is more of a win-win for you and the system provider.
Technically, you should be able to receive binary options signals via various channels—SMS, email address, or as notifications on your trading platform.
While automated trading leverage the use of technology to drive effortless use of signals, you may want to use these signals manually. If you do, then you should ensure that you can receive such signals through a channel you can access easily.
The absence of a trial period is one way to know if you’re going for a dud signal provider, although it is not a foolproof sign. Furthermore, you should be vigilant about signal providers and try to get as much genuine, objective, and unbiased information as you can before taking the plunge and risking your capital with purported high win rate signals.