Trade With Professional Binary Option Signals
Binary Option Signals are simply buy and sell trade alerts for the currency, commodity, or stock markets, optimised for short-term binary options trading.
Binary option signals can be delivered via a text message, e-mail, live trading session online, or via a custom website.
Are they helpful? Yes, especially to less experienced traders. Please explore this website for more information on binary options trading and feel free to leave a comment.
2. How to start trading binary options
3. How to avoid being scammed
Successful binary option traders have the necessary technical skills, market knowledge and specific character traits that help them succeed in the markets. Trading is not for everyone, but thanks to new technology anyone can now have access to winning binary signals issued by pro traders.
If you don’t have enough trading experience or you’re currently incurring losses with your trading system, it’s time to join professional binary option traders who trade for a living.
Binary options signals – Top 5 providers and reviews
Professional binary option traders use complex technical chart analysis and/or fundamental analysis based on news and economic releases to produce winning buy and sell signals. There are some professional traders who offer live trading sessions. These are designed to help non-professionals improve their trading skills in addition to receiving signals.
1. Binary Options Trading Signals (BOTS)
These are live signals with video/audio feed and a supporting chat window. These trading sessions are run by Franco, an expert trader who has been trading options since the start of the industry. He has optimized his trading system to achieve on average of 85% wins. Franco’s binary signals are especially recommended for novice and intermediate traders who want to improve in trading binary options and forex alongside a professional trader. It is a good solution for those who want to learn to use a charting software and trade binary options and Forex independently at some stage. Learning from a professional and seeing his screen in real time will also give you a glimpse of what it’s like to trade at a pro level. Franco’s excellent signals coupled with his valuable live commentary make this system one of the best, and the fact that it has been around for so long is a proof that it is a well tested and trusted source. Over 5000 members can’t be wrong. In addition to the winning signals Franco also shares his knowledge about trading the markets. His signals are now also featured on 15-minute charts and can be used successfully on Forex.
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2. Night Owl Signals and Morning Owl Signals
This particular service has been built specifically for 5 minute trades during the Asian trading session (8:30pm-10:00pm EST). Because these sessions are usually at night time if you live in the Americas or Europe they are called Night Owl Signals. As in the first example of Binary Options Trading Signals these signals are also completely trading-room based. The signals are called out by a live trader who shares his screen and analyzes the charts via an online webinar. As a subscriber you will be able to see everything in real time, the trading charts and indicators and you will also be able to hear the live commentary by the master trader. There is a shared live chat window which can be used to ask questions to the trader or other subscribers / members of the community. Night Owl Signals have very good track record and results reaching on average of 80% wins. (A new feature recently added to the service called Signal-Push allows for the entire process of trading to be fully automated. A user no longer needs to be glued to the screen and observe the master trader and place trades manually.)
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3. 7-Star Signals
The 7-Star binary options signals are very easy to follow. Similarly to the Auto Binary Software it is also completely web based. Users receive access to the website where signals are generated during the markets opening hours. The site is accessible at any time and can also be viewed on a mobile. The 7 Star signals is made up of a team of professional traders who analyze the markets using trading charts and tweaked custom indicators to provide trade alerts with a high accuracy rate via an online dashboard. The system is very intuitive but additional training and step-by-step instructions are provided as well. Due to the nature of the signal delivery these signals work best with slightly longer expiry times, such as 15 minutes to an hour. Upon signing up you can expect to receive about 25 signals per day. Each signal will have a percentage number depending on it’s strength and if you want more information you can see the actual chart with the indicators of each asset. 7-Star signals are a good choice for those who want easy access to professional binary signals 24/7 via a web-based platform.
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4. Auto Binary Signals Software (ABS System)
The Auto Binary Signals are based on an online platform / software designed by Roger Pierce, a broker millionaire. What makes his service unique is that is not based on a subscription but a single payment of only $97, which makes his system very cost-effective. It is also very easy to start using the signals. Users simply purchase access to a password protected website and follow the colour coded alerts displayed on the screen. The system is very simple and intuitive and can be accessed 24/7 via any device with a connection to the Internet. The way the system works is that signals are being generated by a complex software that constantly monitors various assets in real time. When certain conditions are met the signals are generated and instantly sent to the website in a form of a percentage, i.e. 85%, 90% which is also colour-coded. The higher the number the more accurate the signal. In addition to being one of the cheapest providers, Auto Binary Signals Software company offers an unconditional 60 Day Money Back guarantee on its web-based platform.
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5. Binary Options Pro Signals
This signal service is quite different from the previous ones because the trade alerts are sent to a mobile or email with complete instructions on what asset to trade, how, and when. This system is perfect if you’re intend to trade binary options but don’t really have the time to learn about the markets, set up charts and watch the price action like a hawk looking for the next trading opportunity. Here the opportunity is sent to your mobile or email as soon as it is recognized by professional traders reading the charts for you. After receiving the Binary Pro signal you can place a trade with any binary options broker. If you’re using your phone to receive the signals it makes sense to use a broker that will also allow you to place trades on your mobile. There is no learning curve and it’s very easy to follow the provided signals. Binary Options Pro Signals can be accessed and traded anywhere in the world using only your mobile phone. This is a perfect service for people on the move. The Pro signals are usually for 30 min to 4 hour trades, allowing enough time for you to place a trade.
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Compare Binary Options Signals
The above mentioned signal providers have performed quite well during testing but they may not be suitable and work for everyone. There may be many reasons to consider, i.e. times of trading activity, limited Internet connection, signal delivery, etc. Fortunately, there are more signal services out there that might tailor to your needs and availability. To find the right professional signal service please refer to our binary options signals comparison chart. This page also contains our free ‘How to Guide’ for more information on binary options signals and what to look out for before signing up. Signals based on custom indicators can be a very powerful tool for any trader, beginner or advanced.
How to start trading binary options
One of the reasons why binary options became so immensely popular worldwide is mainly due to the fact that they are so easy to understand and to trade.
Today, practically anyone with $100 can trade binary options and bet on the markets, a concept completely foreign just 10 years ago. Then, to trade the markets you needed to have considerably more money, you needed thousands.
With new technologies came new opportunities and these advancements changed the industry forever. Refer to our article on History of binary options to learn more about how it all began.
In a binary option contract you only have two options. (Hence the word binary.) Regardless of the complexity of the trade you will only have two possible outcomes.
Binary brokers have gone to extreme lengths to simplify this process by adopting intuitive well designed trading platforms with clear illustrations and buttons of UP/DOWN or CALL/PUT options.
To start trading binary options you must be of legal age and have access to an active Internet connection. In most cases 3G connection is good enough.
STEP 1. Register an account with a binary broker
As your first step you will need to select a binary options broker with whom you want to trade. Selecting the right broker is crucial at the start so we strongly recommend using a regulated broker that has been in operation at least a few years. Unfortunately there aren’t any regulated binary brokers for US citizens and many brokers will also refuse service to Turkey, Russia, and other countries. Here are a few brokers that are quite reliable and have been in operation for a good number of years.
With most brokers, registration is very straightforward and takes about a minute to have immediate access to the broker’s trading platform. This will give you an opportunity to test the trading platform and if you requested a demo account during registration you will be able to place trades on a demo.
To start trading for real money you will need to make your first deposit. The minimum first deposit amount varies from broker to broker, it may be as low as $10, but with regulated brokers it is about $200. As soon as you make your first deposit your account will be fully activated and you will be able to start trading on your live account.
STEP 2. Choose an asset to trade
Now that you have a running account with a broker and you deposited money into your account it’s time to choose the asset to trade.
One of the best things about binary options is that using a single platform you can trade many different assets. You can trade the following:
- currency pairs (Forex) such as EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, NZD/USD, among many others,
- commodities such Oil, Gold, Silver, Copper, Platinum, Coffee, Corn, Sugar, etc.,
- stocks including Amazon, Facebook, Barclays, BMW, Apple, BP, Lufthansa, Heineken, etc.,
- indices such as FTSE100, DAX20, S&P500, IBEX35, DUBAI, etc..
Most traders usually focus on assets they know something about. Since binary option platforms give you access to so many assets you should not have any major difficulties trading something that is of interest you.
STEP 3. Predict asset’s price movement in a specific time period
All binary options have entry and expiry times. What matters is the relation of the price between those times. Your task is simply to predict whether the price of your chosen asset be up or down at the expiry time in relation to your entry time.
So if you trade Gold at 12:45pm where the price of Gold at the time of entry is 1277.25 and you trade Call option (UP, or HIGH depending on your broker) until 13:45 (expiry time), you’re betting on Gold becoming more expensive at 13:45. If at that time Gold is up at 1277.30 you will automatically win your binary trade as the price of your traded asset is higher at expiry than the price at your entry.
Of course predicting price movements of assets is part of trading and in order to be successful one should really look into technical and fundamental analysis. Refer to our trading articles and free strategies for more information. Alternatively use professional signals and trade alerts.
STEP 4. Decide how much you want to invest
What may seem like a very simple thing to do is actually one of the most misleading and misunderstood concepts in binary options trading. First of all you should never invest more than you can afford to lose.
Good money management is extremely important in trading. As a binary trader you should never place more than 5% of your investment capital on any single trade. The main reason is to protect the rest of your capital in case the trade goes bad.
If you deposit $500 in your trading account andyou place $400 on an asset in a single trade, in case of loss you will have practically drained your account. Instead you should place trades for $20 each. This will not only protect your overall investment capital but it will also control your urges to gamble, which may be disastrous in the long run.
Trading like a pro, trading to win
Getting started in binary options is fairly easy but to trade professionally one needs to either rely on a winning signal service or develop a wining strategy him/herself.
Binary options should not be treated like a gamble and played on luck or emotional intuition like a roulette in a casino. In order to develop and trade a specific strategy you must use professional charts and learn technical analysis.
This can be done with the use of professional charting software such as Meta Trader, or online trading charts. There are many traders who also do fundamental analysis alongside technical. Fundamental analysis looks primarily at economic data releases and current news events and how they may influence the markets.
However, having a winning formula does not always guarantee a continuous success. There are other factors at play such as self-control, sound money management, adaptation to the changing markets, broker selection, etc.
How to avoid being scammed
Binary options is a huge business and with so much interest and so much misinformation it’s really easy to fall prey to sophisticated online scams.
There are literally thousands of people who had a bad trading experience, either with their binary broker or a signalling or copying service. So how can you avoid being scammed in binary options? Here are a few suggestions:
1. Check the history of the service you’re about use
Never sign up with a broker or signalling service if they have been in operation only a few weeks or months. It’s simply too short of a time to tell if the service is legit. It takes much longer to gain a good reputation and you should always look for services that already received good user feedback in review websites and forums.
One way to check a history of a service is to look at the age and location of the hosting web domain. This can be done with a number of tools online. Many binary brokers and signal providers will have a phone number you can call. We recommend getting in touch with our potential supplier and ask a few questions before committing yourself to a particular service.
2. Trade only with a regulated broker
As mentioned earlier in the how to trade section trading binary options with a regulated broker is a sure way of staying on the safe side. Regulation is imposed by a government body which oversees the entire operation.
In binary options you trade against the broker. You do not invest any money into the actual market. When you trade, you place a bet against a direction of the market but your bet and money stay with your broker.
With an unregulated broker, without any overseeing outside authority, no one can really be sure if the results are not being fixed by tweaking their trading platform in their favor or by other means, such as delayed withdrawals.
In theory, a regulated broker will not risk losing their trading licence and reputation as a certified broker by scamming clients. They would also be fined and could go out of business eventually. It would simply be counter productive to their business model.
3. Test trading signals on a demo account first
Regardless of the promises you are given on websites that claim you will earn a lot of money by following their trading system, be careful and test drive all signals on a demo trading account first. In case the signals are bad, at least you won’t be losing any real money. If the trading signal are good you’ll have more confidence using them on your live account.
Too many beginner traders jump into a live trading environment too quickly only to get burn right at the start. Trading requires careful planing and execution. If you are hot headed and feel feverish each time you are placing a trade, experiencing a rush, you’re probably not cut out to trade binary options. Your emotions will most likely cloud your judgement.
Trading first on a demo account will teach you to trade the received signals in a timely fashion and with the appropriate skill to succeed. If you haven’t traded binary options in the past try placing at least 100 trades before you proceed to a live account.
Is it possible to make money?
Trading binary options online has become possible in 2008. It is open and available to anybody over 18 (to be on the safe side one should check local government regulation before trading BO). Binary options allows the user to speculate and place trades, which are essentially bets on the direction of financial assets from a basket of currencies, stocks, commodities and indices. It is very similar to Forex or any other type of trading except that your losses can never exceed your deposits and your return is clearly defined at entry.
It is no secret that trading the world’s financial markets by buying and selling positions has made many millionaires. It has also brutally bankrupted many more. The line between winning and losing can be very subtle. Trading is definitely not for everyone, however the unprecedented ease of access to the world of financial betting on things that make our world is very attractive.
Market news and analysis
We also post market news and analysis with some great free trade ideas. In our brief summary we combine fundamental analysis with technical chart overview. So sit comfortably in your chair with a cup of coffee or other beverage and enjoy our free market analysis. You can view latest items below.
- The Stage Is Set For the NZDUSD To Make A Channel Bottom Retest
- The EURUSD Moves To Bullish Territory As Markets Stay Cautious Before US Elections
Compare binary options brokers
Choosing the right binary broker is essential to your success. If you decide to use a signal service you will also need to have an account with a reliable and preferably fully regulated broker. We recommend testing all signals on a demo account first and if you’re just starting out you should choose a broker that offers a demo account and start to trade there before moving on to a live account. Many brokers will offer demo accounts for free but there are some who require an initial deposit to be made first. Fortunately, there are many good binary brokers to choose from depending on your location and personal preference. Most brokers will explain and provide online support for new traders, but not all brokers will accept clients from the USA. Please view our binary broker comparison table and read our ‘How to Guide’ for more information on various brokers and their features.
Binary Options Education
Educating yourself can be the most effective tool for your success in binary options. If you’re venturing into this type of activity you should learn as much as possible about trading and the binary options industry as a whole. We try to bring some of this knowledge to light with lessons and educational articles. Please visit our Binary options education section to learn more about the industry and what it takes to become a successful binary options trader. Here are the latest articles:
- Trading Binary Options with Price Action and Trendlines
- How to Improve Your Trading With Tai Lopez' 67 Steps
- Bitcoin Owners Beware of Software Wallets and Using Online Storage
Truth about binary options and binary brokers
In binary options the odds are slightly against the trader. In a common scenario of 80% payout to a 100% loss you will need to win 55.55% of the time to break even. The odds are slightly in favor of the binary broker who makes money from losing trades. That is why it is crucial to trade with a regulated broker.
The truth is that binary brokers prefer non traders or beginner traders. They are not so keen on professional binary options traders who can achieve 70%, 75%, 80%, or as high as 85% of wins. Sure, their trading results are great for marketing and the pull factor to other potential customers but brokers lose money on them. Also, these highly skilled traders often help others to win at binary options which may amount to even bigger losses for the broker.
Free Binary Options MT4 Indicator with Signals
For those of you who trade binary options using MetaTrader free trading platform we have a custom MT4 indicator for binary options! This indicator, once placed on the charts, will show you buy and sell arrows of price extremes. The indicator will also generate popup alerts on each trading signal and can also be configured to send email trading alerts straight to your mailbox. Read more and download the free MT4 binary options indicator here.
2. How to start trading binary options
3. How to avoid being scammed
References and recommended reading
- Binary option (Wikipedia, 2016)
- Forex analysis and money management (K Maciejczyk, X Hu, adv. H. Hakim – Worcester Polytechnic Institute, 2012)
- Managing options risk for exotic options (S Allen, K Abbott – New York University, 2001)
- Binary options and fraud (The Office of Investor Education and Advocacy – SEC Investor Alert, Pub. No. 148 (6/13)
- Correlation products and risk management issues (JM Mahoney – FRBNY Economic Policy Review, 1995)
- Exotic option valuation (D Wuertz – The Comprehensive Archive Network UCLA, 2015)