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Trading sowtwareMoneyMakeTradingTrade Using the Best Binary Options Signals — Ultimate Guide
The concept of binary options signal trading originates from Forex. Forex traders were for a long time already able use this method. In forex trading this concept is known as mirror trading, where traders will either have the possibility to copy the actions performed by others or use software to aid them in analyzing charts. Read below to find out how this work and how to determine which are the best binary options robots.
How does it work?
Signals are developed by companies that are called binary options signal providers or platforms. These companies are specialized on building software applications that will analyze the value fluctuations of different assets.
One of the most common ways in making money in binary trading is that of using technical analysis to discover trends in developing. Trends are predetermined patterns that always behave in the same fashion.
Learn free to Trade Binary Options
For example, if the value of an asset has been steadily rising during a prolonged period of time but then it abruptly declines within just a few seconds, in the majority of cases it it will bounce back up shortly after. This is because once the drop happens, all the stock traders will decide to buy the asset, which will then bump the price back up again.
If you are an options trader and see the initial drop, you can then make a prediction that the value of that asset will increase (make a “call”). This is one of the simplest and most common trading strategies.
The issue with the above strategy is that you will literally have to watch the movement of assets and charts for several hours straight to see such an event happening. You will have to keep several chart windows open on multiple assets.
Such trends don’t develop that often. If you sit 8 hours in front of your computer and have 10 chart windows open you might catch around 5–10 such trends per day. But you literally will have to watch charts all day long to achieve this. Not very exciting.
This is where binary signals come into play. Catching such trends is not that complicated. For this reason, making a computer program that will sweep the charts all day long and then notify you when such a trend is developing is not that difficult.
So, in short, what automatic trading signals do is they analyze the charts to find and discover such trends as described above. However, only the best binary options signals can truly achieve this.
If you want to learn more about trends then you can read more at this and this article. I covered this topic extensively in my Education and Strategy courses.
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What do I have to do to use signals?
In order to use binary options signal platforms you will have to sign up at one of them. Above you will find a list of what I think are the best binary options robots. My personal favorite is OptionRobot. Another one that is proven to work great is the signal service provided by 24Option.
Usually there is a fee associated with such a service, which most commonly is around $100. However, most services offer free trials of anything between 30 days to 90 days. Most also offer money-back guarantee of up to 60 days in case you are not satisfied. Some are even completely free.
After this, you will also have to sign up at a broker. Most commonly, the signals service will show you a list of recommended brokers. The reason why they do this is because most apps of this kind are optimized for specific brokers only, since different brokers offer different assets, charts and platforms.
If you sign up at a random broker it might turn out that the broker does not even have the asset that is being analyzed by your signal-trading app.
Also, a lot of apps of this kind offer automatic trading. This feature can only work if the signal app is interlinked with a broker’s API. This feature cannot work with any random broker, as it’s just technically not possible.
Automatic trading vs. manual trading
Once you’re registered on the signal platform and the broker you can begin trading. You can choose between automatic trading, manual trading and semi-manual trading.
In automatic trading mode you will allow the app to trade by itself anytime a trend is discovered. You will of course be allowed to adjust how much the app is allowed to invest per trade and in total.
In manual trading mode the only thing the app will do is sending you the trading instructions. You will have to execute the actual trade yourself. The disadvantage of this is that by the time you execute the trade the trend on which basis the signal was generated might already have passed.
I personally prefer automatic trading however I only activate this trading mode when I myself are online and can see what’s going on. When I’m offline I usually deactivate it.
How accurate are binary options trading signals?
It all depends on which ones you use. Like in any industry, there are ones that do work and others that are rubbish. The obvious bad ones are names such as Binary Matrix Pro and Option Bot (yes, despite the hype and all the positive “reviews”, Option Bot does not work).
There are also good ones such as Signals365 and John Anthony Signals. Both of these follow the strategies described above and were developed to actually work and deliver results. I have tested them myself and still use them from now and then when I’m tired of manual trading.
I decided to create the toplist you can see above in order to help others distinguish between those apps that do actually work and those that do not. There are already so many fake reviews out there so I’m hoping that this article can help others avoid paying money to a service that does not deliver results.
When I evaluate such services I always look out for the ones that deliver a winning rate of at least an average of 70%. If a trading signal app can deliver at least this rate it will mean that you will make consistent profits, provided that you trade smart and know what you are doing (however remember, nothing can be guaranteed 100%). Only the best binary options signals will get listed on my site.
How much money can I make with signals?
There’s a lot of hype out there according to which you can become a millionaire and what not if you use these tools. If a service claims this, then usually it is a scam. You most likely will not become a millionaire using signals (and financial trading itself).
However, you could potentially make good money, if you do understand how binary trading and signals works and only use the best binary options robots.
Don’t be greedy and fall for the “become-millionaire-today” schemes. Just use the tips recommended by me and the binary signal trading apps linked here and you will likely be able to make consistent money. Be smart and you will make money or be greedy and lose it all.
I also invite you to read more about this form of trading in order to further increase your winning odds. Below you’ll see a list of articles that further elaborate on this topic. If you want to trade directly at a broker without the help of a signal then you can also check out my page about regular binary options brokers linked here.
What are Binary Options?
The shortest Binary Options definition is betting that are made on financial assets with an expiration time. The bet is to wager on the fall or rise in the price of a product / financial asset.
Contrary to other markets, like Stocks, we do not buy an asset, but we only bet on the price value of the asset we are trading.
This way, we simply pick an asset, and from the entry price at the moment we chose 2 directions. Call if we think the price is going up, or Put if we think the price is going down.
Another important rule on the Binary Options is that this “bet” has an expiration time. So, we also need to choose and set up when it ends (by choosing an expiration time). This expiration time can be 1 minute, 5, 15, 1 hour, 1 day, etc.
It is a regulated market that exists since 2008 and has experienced large growth due to the ease with which it trades, low investments and profit potential.
In this post we have Binary Options explained from A to Z so if you are new in this market you can understand all about this trading product that is one of the fastest-growing products in the world.
binary options trading platform for mobile devices
Here’s how we here summarize Binary Options
|Platforms Available on||Mobile, Tablet, Desktop|
|Minimum Deposit||10 USD|
|Minimum Trade||1 USD|
|Maximum Profit||Up to 100% per single trade|
|Account Types||Demo, Standard, VIP|
|Deposit Methods||Bank transfers, Credit cards, e-wallets, and Bitcoin|
|Withdrawal Methods||Bank transfers, Credit cards, e-wallets, and Bitcoin|
|Expiry Times||from 30 seconds to 1 week|
|Options Types||Binary Options Turbo and Standard|
|Type of Assets||Forex, Stocks, Indices, and Commodities|
|Free Demo Account||✅|
|Deposit Bonus||✅ Up to 100%|
How do Binary Options work?
After we have the account open, and you have access to a trading platform, we need to choose the asset where we want to bet (Shares, Currencies, Indices, Gold, etc).
Once we have the asset to make the trade, we need to choose the direction (up or down). As we saw, we only need to guess if the price will increase or decrease during the expiration time we choose.
We place the value of our bet and how long the bet lasts (bets can go from 30 seconds in duration to 1 day or more).
Once the expiration time reaches its end, we will know if we won or lost.
On average, each winning represents 70% to 80% of our bet. This means that if we bet 10$ we will make 8$ in liquid profit.
binary options IQ Option app
How to trade Binary Options?
- Chose an asset, ex: EURUSD.
- Chose the value to bet, ex: 10$.
- Chose the expiration time, ex: 1 minute.
- Click the Call (price to go Up) or Put (price to go down).
- Once the time is expired (1 minute on this example) you will win or lose.
- Win if you chose the correct direction of the price.
- Lose if the price went in a different direction of your bet.
Watch the video below that explains what are Binary Options
Learn how to make money with our Binary Options Online Training:
In any job or activity, your first step is to learn.
Binary Options are not related to luck.
It is not a Casino or Gambling.
In order to be able to make profits, the only solution is to learn how to recognize the market, learn to use the platform and the charts, learn what are the best strategies, learn how to behave like a trader.
To know what rules to follow, to get disciplined.
What is the best Broker?
In this Site, we analyze the best Binary Options Brokers and Online Trading Platforms for trading and got a table with the ranking.
From our personal experience, the best Broker is IQ Option.
IQ Option was created in 2020 and it has become in just a couple of years the platform with more clients worldwide.
Binary Options for Beginners
If you are a beginner in Binary Options, then you are in the right place to start.
We offer several tools for all the Beginners in Binary Options:
1 — Online Training with a simple Binary Options Course that will give you all the important knowledge to become a profitable trader.
2 — Signals up to 1 year for free.
3 — Free support (Skype, WhatsApp, Email).
And the most important is that you can get all those professional tools for free.
Just become our referral and you will get all that 100% free.
How can I become a successful binary options trader?
- Choose the proper Broker to open a binary options account: above I recommended the worlds leading brokers.
- Open a Demo account and test.
- Get proper training.
- Test several strategies.
- Work your emotional control and discipline to know how to behave on the market.
- Deposit on your account and start trading in real mode.
- Don’t be greedy. Think about earning not in getting rich.
- Trade as a trader, not addicted.
- Always follow your rules and stick with the discipline and don’t lose your emotional control in losing days.
- Make goals daily and monthly that are achievable.
Binary Options Training Classes
Are Binary Options Safe?
To trade safely, you should always choose a regulated broker that good reviews on the binary options industry. If the broker is recommended by traders and review sites, then it is safe to say that the broker is legitimate.
Binary Options is a regulated investment product and has existed for more than 10 years.
However, being trustworthy does not mean that there are no people and brokers who use this market to make money illicitly.
You should be aware of who you trust and who promises quick and easy profits.
Binary Options are a highly expanding investment instrument, where you do not invest in the purchase of assets per se, such as the purchase of Shares in the Stock Exchange.
The process consists of placing bets on the value that a certain asset can reach in a certain period of time, which can be short (60 seconds, 15 minutes, 1 hour, etc.) or long (1 day, 1 week, 1 month, etc).
Binary options consist of betting on the PUT, or on the CALL of a price.
If you do, you’ll be able to profit on average from 70% to 85% of the value of your operation. The Binary Options are an instrument regulated since 2020, having appeared in 2008.
They are a form of recent investment, although they already have many users, because of the potential of gains and the ease in negotiating.
Are Binary Options Legal in South Africa?
According to the official website of South Africa GOVERNMENT people from South Africa can trade Binary Options.
You can take a look at the official document HERE.
Can you really make money with binary options?
The answer is that yes, you can make money online with binary options trading.
However, you need to search for a regulated binary options broker and learn how to trade binary options trading and choose the best trading strategies.
You can’t just pick a random broker or strategy and rely on luck to get consistent profits.
Binary Options — The Simplicity As Advantage:
The whole process for those starting in Binary Options is extremely simple, which also explains the success Binary Options have had.
The trading of this financial instrument is done through Brokers that make their online platforms available and where we do the negotiations.
We can either negotiate manually or use signal systems or automatic trading systems called Robots.
For those who want to negotiate autonomously and manually, you only have to learn to use one or more trading strategies.
The simple way to succeed is to have training. For this you can opt for the Binary Options Courses developed especially for Beginners.
Get instant access to Binary Options anytime and anywhere
Main types of binary options:
- Cash or Nothing
- Assets or Nothing
- One Touch
- No Touch
- 60 Seconds
Check below each type of Binary Options
Cash-or-nothing: It’s the simplest and most used. It consists of betting on the increase or decrease in the value of the asset.
Here it does not matter what the final value is, but only if it is above or below the value at the time of placing the bet.
If you get it right, you will win an average of 70% to 85%. In case you fail, you lose 100% of what you bet.
If you can find a strategy that allows you to get more than 60% of certain bets, you will make a profit.
Assets-or-nothing: Unlike the previous option, the payment here is determined by the price of the asset itself.
It is a good option but it implies a better understanding of the financial markets or at least being inside asset prices and the latest fluctuations.
One-touch: This option ends when the asset reaches a certain value.
Here one of the difficulties is that the price reaches this value within the period of time that the operation lasts.
No-touch: Here the opposite is intended.
It is to avoid that the price reaches the limit value within the time that the operation lasts.
Download several useful files totally free here: FREE MATERIAL
60 Seconds: Very fast operations. If there is a well-defined trend of a price, this option allows you to close the transaction quickly before there is a price reversal.
It is also very popular, especially among those who already have some experience.
With the development of binary options, new formats or variations of existing formats have appeared.
Each Broker tries to offer something different, so it is normal to find variations to these formats.
What are the Best Binary Options Strategies?
You need to understand that there are no strategy that works all the time or is 100% accurate.
Every strategy works well in some days or in some market conditions, but in other days or market conditions, it simply does not work at all.
For that reason, you need to know several different strategies and use the best one in each market condition and moments.
In this site, we explain the most used and known Binary Options Strategies.
Steps to begin trading Options Instruments:
- Choose a Broker
- Recognize trends and graphs
- Know how to invest
- Learn when to stop
1 — First steps and registering with a Broker
Start by reading the articles on the first steps in Binary Options.
Then you must open an account with a Binary Options broker.
There are lots of binary options brokers, although not all have regulation, support in your preferred language, or reliable platforms.
The ideal is to choose a broker that is regulated by a credible entity.
Each Broker has its own platform to trade.
All the main brokers offer both a Binary Options Platform as a Binary Options App.
This means you can trade-in any device, Desktop or Mobile.
2 — Take a Course and Choose the trading strategy
In addition to the strategies that are the tools that help us to know how to put the trades and know where the price goes, it is important to have more knowledge.
This knowledge must be acquired with a complete Binary Options Course.
The courses teach the rules of trading but also the rules about having the discipline and emotional control (when dealing with money and betting, discipline is fundamental) as well as a set of strategies to manage profitably.
Binary Options education are important to give you the proper knowledge to become a successful trader. We can guide you with our online training, as we have made with many students so far.
Remember that there is no strategy that is infallible, as none is bad.
There are days when certain strategies simply do not work. Others work best at certain times or times of the day.
Others work well with certain assets and not so well with others.
The ideal is to test more than once and try to specialize in which you feel better.
Even because each person has its own characteristics and can better adapt to a form of negotiation that is present in one strategy and not in another.
On this site, you will find some different Binary Options strategies.
Although many people worry about finding the perfect or the best binary options strategy, the truth is that there is no such thing and also equipped only with a strategy we do not make any money.
It is fundamental to have other knowledge, either the rules of trading, or how to work in a disciplined way, or how to control emotions.
Only by achieving all this is that the strategy will work. Therefore it is fundamental to combine good strategies and the knowledge of everything else that includes trading, negotiations.
TAKE A LOOK TO THIS STRATEGY
Many people fail because they focus solely on strategies.
They try dozens and never make money. The advice is to get everything, strategies + emotional control + discipline + trading rules.
Take a course that offers all of this. Besides our training, we also have a simple Binary Options Guide to help you with the initial steps. Go to our free material page to download the Binary Options Guide.
You can choose to use a signal-sending provider, and let them be professionals to send you trading proposals.
It is a very popular form nowadays since there are companies that are dedicated to sending these signals with very interesting results.
On this page, you will find some free material, such a Binary Options Guide, a Binary Options PDF, a Binary Options Book PDF (trading in general), and more.
3 — Recognize trends and use the resources
For those who want to use Strategies based on the technical aspects, it is important to recognize the trends.
Recognizing a pattern in a chart is straightforward, but you have to pay attention to the type of chart being watched.
You can also use the chart by choosing the type of asset you want to track, how long you want to track, as well as adding some indicators that are important in order to use some strategies that work from technical indicators such as those found in the same graph.
Also important is tracking economic news that causes changes in assets. You should also use an economic calendar for this effect.
binary options market trends
4 — Investing the right amount
It is important to know how to manage your funds. To learn the concepts, please read the article on Risk Management .
It is essential to understand how much to invest. The understanding of this rule can save your account.
5 — Know when to stop
There are days that the market does not have a defined trend so that assets are constantly up and down without taking a specific direction.
If you have losses on 3 consecutive orders, stop trading. Come back the next day.
Sometimes, in an attempt to recover losses we experience an emotional meltdown and enter a downward spiral of loss after loss and when we notice we have already lost 50% of our funds.
The rule to stop when we see that things are not going well is very important. Be aware of it and always respect it.
Lastly, be sure to visit the bonuses and promotions section. I f you are just starting we have several promotions, some are exclusive to our Blog.
Carefully read the articles I write and follow the Binary Options Blog because I’m constantly updating our information and writing new articles.
If you have any questions do not hesitate to comment on articles or contact me through the contact page.
If you enjoyed reading the blog, please share it. Thank you.
Together with Forex, Binary Options is the fast-growing investment product. Together, they have many things in common, but some differences that made this kind of investment ideal to newbies.
Binary Options or Forex, What is the best?
Even both these financial markets and instruments have several similarities if you are a beginner one of them is easier to learn and to trade.
Learn about the advantages and disadvantages of each one to choose the best trading instrument for your case.
Read our post about the comparison between Binary Options and Forex.
Binary Options Robots
A Robot is a software that trades in your place. It is a software that does all the work of a trader.
The Binary Options auto trading (another name for robots) searches for good trading opportunities and places the trade.
Basically, it makes all the job that you would do.
In the past many Brokers used Robots, but today there are few that still offer those programs.
Those robots are not only software but also human trader where you can just copy their trades.
This system known as binary options copy trading is more used in the Forex market, but you can find some also in the BO market.
On this page, you can find more info on Binary Options Robots.
Binary Options Robots
Binary Options Signals
As I mentioned before, we offer Binary Signals.
You can try them for a small price or become our referral and you can access Binary Options Free Signals up to one year.
Signals are similar to Robots, but the act of placing the order is performed by you, by the trader.
That is why Signals are allowed by all binary options brokers, and robots are not.
Since with the signals, no one has access to your account, but you, and some regulated Brokers, its regulation does not allow a 3rd part to access the client’s personal account.
To know more about Binary Options Signals you can read this: Binary Options Signals.
Binary Signals for all Brokers including IQ Option and Olymp Trade
Advantages of trading Binary Options:
- Since it is a simple bet if the price asset goes up or down, it is easier than other markets like stocks or forex.
- For beginners, it is the easiest investment instrument to start with, since it is easy to understand and more simple to learn.
- Since it offers an expiration time to end the trade, you know exactly when you will have the result.
- It offers expiration times from 30 seconds, so you do not need to wait long until you get the result of your investment.
- You can start with just 10$.
- You can trade with just 1$.
- The platforms are really good and very user-friendly.
- You can trade on your desktop, mobile or tablet.
- It is a regulated product.
- Your deposit will enter on your account in seconds and your withdrawal in hours.
Here’s How we summarize the 10 reasons to trade Binary Options:
This instrument first started in the USA, and even with different rules, we can know more about how this market works on the USA.
Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That’s why they’re called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition — in Investopedia.
What is binary options trading?
Binary options trading is a relatively simple way of betting on whether or not a certain outcome will occur. The name ‘binary’ (meaning ‘two’) reflects the fact that you must choose from just two scenarios – yes or no.
In financial trading, this is typically whether the price of an asset will be lower or higher than a certain level at a pre-determined point in time.
The most common type of binary option is a digital option, sometimes broken down further into ‘up/down’ or ‘call/put’ options.
With a simple call/put option, if you think the price of the underlying asset will end at or above the strike price, you buy a ‘call’ option. If you think the price will be below the strike price at expiry, you purchase a ‘put’ option.
If you are correct, the option is ‘in the money’ and pays out a fixed amount of compensation.
This compensation is typically money but in some contracts can be a quantity of the underlying asset itself.
If you are wrong, it is ‘out of the money’ and you receive nothing.
Because of this, binary options are sometimes called ‘all-or-nothing options’.
The attractions of binary options trading
Because you have just two possible outcomes to consider, binary options trading is considered simpler than many other kinds of financial trading.
Typically, all you need to decide is in which direction you think the price of the underlying asset will move.
Unlike with other forms of financial trading where your potential profit or loss is determined also by the size of a price movement, it doesn’t matter to a binary options trader how far prices have moved above or below the agreed strike price when the option expires. With binary options, a winning trade always produces the same payout.
Because of this, you have a clear picture of your risk-to-reward ratio before you enter a trade.
This is in contrast to traditional options, where profits and losses can be limitless.
With binary options, therefore, you don’t have to sit at your trading terminal, anxiously watching prices – once you have made your trade, you don’t need to check in until the contract has expired. You also don’t have to worry about applying complicated risk management tools like stop losses.
Binary options are flexible, with brokers typically offering contracts for a wide variety of underlying assets – from foreign exchange or commodities to company shares or indices like the FTSE or S&P 500.
Contracts can also run for anything from 30 seconds to several months, depending on what your broker offers. This means you can tailor your trading to your own areas of expertise or trading style.
If you’re an experienced trader in other markets, such as foreign exchange or shares, you can apply some of the skills you have already developed.
Fundamental and technical analysis, for example, can both be used to help you form a view on future price movements.
The risks of binary options trading
With binary options, it is possible to lose all the money you have invested if none of your trades are successful.
Careful money management (see Lesson 6 https://learn.tradimo.com/lessons/1278) should however ensure that you do not wipe out your entire trading account.
An example trade
All or nothing call:
The current price of Uncle’s Apples shares is $10. If you think the price will go up and trade above $10 this time tomorrow, you can profit from this expectation by buying a one day binary call option.
Before buying the option you need to decide how much money you put on the trade. This will be your investment (your risk) and your payout will be a certain percentage of this amount. If the broker is offering a 50% payout, it means, if you win, you get your investment back plus 50% on top of it.
Let’s say you invest $20 in a one day Uncle’s Apples binary call option with a 50% payout. You come back same time tomorrow to see how your trade performed. You were right, the price is above $10 per share, that is, your option expired in the money. You get your $20 investement back plus 50%, that’s $10. So you get $30 altogether.
However, if Uncle’s Apples shares were below $10 when the contract expired, the contract becomes worthless. Then the option would be out of the money and you would lose your initial investment of $20.
Other types of binary option
With a ‘one touch option’, you predict that the price of the underlying asset will at some point during a defined contract period touch (reach or surpass) a certain level. If it does, you receive a payout. If it doesn’t, you receive nothing.
With a ‘no touch option’, you predict that a certain price will not be touched during the contract period, and are compensated if you are correct.
With a ‘double touch option’, you define two price levels and predict that at least one of them will be touched during the contract period. You receive a payout if this happens. If the price stays within the range of these two prices and touches neither, you receive nothing.
Note that the closing price at the end of the contract period is irrelevant with any kind of touch option. This makes them perfect for traders who believe that prices will be volatile but aren’t confident about predicting a sustained price move.
They are therefore particularly popular for trading volatile assets like foreign exchange and for very short-term trading with contract periods as short as one minute.
So far you have learned that:
- binary options got their name from the fact that there are only two scenarios to consider: the market ends up either above or below your target price when the option expires
- you get paid a set amount, typically a certain percentage of your investment if you are right or you lose your investment if you are wrong
- it is because of these two reasons that binary options have gained a huge popularity in the last few years
- brokers have created a variety of binary options contracts so you can take advantage of special market conditions, such as ranges, breakouts, tests of significant price levels and trending markets
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