To be successful in trading Binary Options, a trader has to invest a lot of time and energy into researching and gaining knowledge of the market. One way to avoid having to spend do this is to use the services of a Binary Options Signals provider. Binary Options Signals are stock market, currency or commodity trade alerts, supplied by professional traders with the aim of assisting in the choice of how and when to trade. Signals are sent in real time either by email, text message alert or via a website. Even traders who have very little or even no experience in the market are able to understand these signals as they simply indicate either “up” or “down” and can therefore easily be copied. It is easy to see why Binary Options Signals are so popular as they can boost traders’ profits when they receive an accurate signal. It is essential, however, to remember that signals do expire after a specific time frame, and traders should be prepared for this in advance. A daily signal will expire whenever the market for that asset has closed and the end price has been announced. A short term signal will expire at the end of a given period which could be as short as 60 seconds or five minutes or as long as thirty minutes. In the case of short term signals, the service will be via auto trading technology, which requires no manual action on behalf of the trader themselves rather than by sending an email or text message signal. When this type of service is used it is called an auto trading robot or an auto trader.
Binary Options Signals Explained
After making a complete analysis of all the statistical, trading, fundamental and technical influences that can have an impact on the various assets that can be traded, companies can provide Binary Options Signals. Supplied by experts in market and statistical analysis who have drawn up a shortlist of the current trends and best opportunities within the binary options market, these tips are then provided to the client by the binary options signal provider in order to save the trader from spending time and effort on analysing the market independently. Making a trade that is based on these signals is one of the best ways to increase profits while limiting risk in binary option trading. Even the most inexperienced trader can use this expert analysis to make a successful trade, even if they know nothing about statistical analysis. Although initially, binary options signals may seem to very complex and technical, over time they can improve a trader’s experience and the underlying dynamics of trading. It is widely believed that night time is the best time to make use of binary options signals as at that time of day, traders have plenty of time in which to make decisions. Of course it is vital to choose an experienced and professional binary options signals provider. Although there are many service providers in the industry, not all are trustworthy or reliable. It is most convenient to select a binary options signals provider that offers an online service. Take the time to analyse the records and data of any provider with regard to the current market trend to ensure that they can perform secure trading on your behalf. Using the best binary options signals provider has been demonstrated in studies to increase a trader’s payout by around 60%, which serves to emphasise their importance. However it is also vital to understand the risk factors involved in trading binary options, even if you are going to hire the services of another provider to trade on your behalf. If you can understand the concepts of resistance and support you will, in turn, begin to grasp how to interpret price charts and therefore come to an understanding of how binary options signals function. The direction that prices move indicates the stronger factor and it is also a determinant of the point when prices can be expected to go up or come down. However if you get a trading signal that details a situation when a resistance or support point is close to being reached, you may need some help to know how to respond to the situation.
How do Binary Options Signals Work?
Traders know that the most effective way to be successful at binary options trading is to use analysis of statistics to spot trends as they are developing, or, in other words, to spot the patterns of behaviour in the market. Providers of Binary Options signals use software that has been programmed to spot these trends and to report them, thus saving the trader a lot of time that they would otherwise have spent analysing the market independently. Watching the market for trends involves spending many hours of monitoring assets and even then, patterns may be missed. Binary Options Signals software does all of the hard work, tracking the market on traders’ behalf and notifying them whenever a trend is discovered.
Do Binary Options Trading Signals Cost Anything?
Although many binary options signals services charge a subscription fee, there are a surprising number of services that are also available free of charge that can allow traders to learn about how to analyse the market and to recognise trends. A lot of free binary options signals providers also offer a bonus to traders who register for their services as well as discounts for loyal customers. There are, however, downsides to these free services as they tend to come in the form of reviews, articles and charts that can assist traders in making an informed decision but that also necessitate the trader to spend time researching on their own. On the contrary, paid binary options trading providers do all the hard work, simply giving traders all of the necessary facts about current trends and guidance as to how they affect the market. While the free providers are great for those who want to learn more about reading the market and understanding how to select the best assets, those who want to have an easier approach or who lack the time or skill to do the groundwork themselves would be better off choosing a fee-charging provider.
What Types of Binary Options Signals are There?
There are lots of types of binary trading signals, and here are some of the most common:
Live trading signals involve watching a live video of a trading session, which allows traders to discover how to read trends and how to use them to make effective trades.
In this case, the trade signal is sent manually instead of via an analytical program either through a social network or through a Skype link. Each signal is generally sent alongside details about why the trend or trade is viable.
An SMS signal can be sent via a mobile phone or tablet device outlining which assets should be traded together with news about the market and vital trend information.
Best Binary Options Brokers 2020:
Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
This signal type is transmitted in real time and is based on expert traders’ opinons. This allows traders to copy the signals of proven traders in order to capitalise on the market.
This type of signal uses computer software to automatically place trades on the trader’s behalf. This is a very simple way of trading, but does not guarantee results. It is especially important when using autotrading software to choose an excellent provider to minimise risk.
How to Choose the Best Binary Options Signals Provider
Here are some of the top considerations to bear in mind when choosing the best binary signals provider:
You will want to choose a signals provider that has the highest possible win rate and you can discover this information on the provider’s website.
Although there is no standard pricing, you may be able to enjoy a discount with certain brokers. Shopping around the is best way to choose a quality provider at a good price.
It is vital to choose a reliable provider that has an excellent track record in the industry.
Choosing a provider with good customer support is the best way to ensure that any problems or queries will be resolved quickly and conveniently. Try to choose a provider that has a 24/7 helpline.
Is it Possible to Make Money Using Binary Options Trading Signals?
It certainly is possible to make money by using binary options trading signals however it is vital to understand that there can be no 100% guarantee. Nevertheless, while binary options trading independently without signals is extremely time consuming and dull, choosing to use a signals service is much more likely to improve the chance of making a profit. Studies have shown that traders who use a binary options trading signals provider are up to 60% more successful in their trades than those who opt to go it alone. Those who take the time and effort to choose the right provider are likely to benefit, however the more time and money is invested in trades, the more profit there will be.
Improving Your Trading Results
Right now as I sit and write this article, it’s coming up to the end of 2008 and I’ll be shortly taking a well-deserved break from the markets and my website.
Of course, as an admission that I’m addicted to trading, this won’t be a total break. I have some trading books to read and will be taking time out to conduct a review of my 2008 performance and to plan for 2009.
I highly recommend that you do the same.
Don’t get me wrong, reviewing your trading performance is not just a ‘once a year’ event.
I actually conduct different types of review after each trade, after each session, after each week and then again monthly. And I also complete a six monthly review, one of those being now, at the end of the calendar year.
While I will be reviewing my P&L figures and drilling right down into the stats such as winning percentage and win/loss size ratio for each of the setups, my biannual review is not so much about that stuff. That gets taken care of on a monthly basis.
The biannual review is really a chance to reflect on your results, your plan and your goals from a much higher level. And the best way to do that is…
ASK YOURSELF QUESTIONS.
I know, you’d rather me just give you the answers, but that’s not how life or trading works. (At least not in 2008. Maybe next year will be different?) The real insights in life come from questioning what is happening and allowing your inner-mentor to provide the answer.
Ideally, the questions will also be customised to your needs. If you relax into the process you’ll know the questions to ask. But to get you started, maybe some of the following questions will help provide you with an insight which will make 2009 your best year yet.
Am I enjoying myself?
Have I achieved my trading goals? Why? Why not?
Are my trading goals still relevant?
Is my trading plan current? Does it accurately reflect how I trade?
What is the strongest part of my trading plan? What can I do to improve it?
What is the weakest part of my trading plan? What can I do to improve it? What can I do to minimise the risk or impact?
What is the area of my trading plan that I haven’t really developed to its fullest potential?
Do I really know whether my plan provides a positive expectancy? How do I know?
What is one thing I could do right now to improve my pre-trading preparation?
What is one thing I could do right now to improve my identification of setups?
What is one thing I could do right now to improve my entries?
What is one thing I could do right now to improve my trade management?
What is one thing I could do right now to improve my exits?
What is one thing I could do right now to improve my post-trade review process?
What is one thing I could do right now to improve my record keeping?
What is one thing I could do right now to improve my longer term reviews (weekly, monthly, biannually)?
What is one thing I could do right now to improve my discipline?
What is one thing I could do right now to improve my consistency?
What is one thing I could do right now to improve my trading psychology?
What is one thing I could do right now to improve my money management?
What is one thing I could do right now to improve my risk management?
What do I fear most in my trading?
What am I embarrassed to talk to others about when discussing my trading?
What was the low point of the last six months? What will I do to prevent that reoccurring?
What was the high point of the last six months? What will I do to ensure that repeats again in future?
How do I plan to improve in coming months?
What are my current life goals? What are my current trading goals.
It’s that simple. Hopefully there’s one or two in the list that you really related to. If not, you’ll need to find your own question. Relax, and ask yourself, ‘What is the most important question I need to ask myself to improve my trading?’ Then let the question go. The answer will come when it’s ready.
Here’s hoping 2009 is the best year of your life so far!
How To Improve Your Forex Trading Result with BBands Stop and MACD
This is one of the best trading systems to improve your Forex trading result with BBands Stop and MACD. This BBands Stop indicator is a modification of Bollinger Bands ®. It can be used for detecting a trend change, as well as for setting stop orders. It is quite descriptive and easy to use.
The BBAnds Stop indicator changes its color when the chart crosses Bollinger Bands showing trend reversal on the market.
Green color dots are for BUYING, Orange color ones are for SELLING.
Stop-losses are set above/below the dots.
The indicator shows good results during a trend but starts to give false signals in case of a flat. Therefore, it is recommended to use this indicator together with some other, filtering indicators.
MACD indicator is a good indicator, especially for the new traders who have not built their discipline yet. Among the lagging indicators, I like MACD more than the others. Below is custom MACD indicator we use in this trading system.
MACD is a good indicator especially for those who suffer from entering and exiting too early.
MACD helps you build your disciple because you see some signals on the charts, but you don’t enter because MACD says “WAIT”, and you enter the market because MACD says “SELL or BUY”.
ForexWOT BBands Stop and MACD Trading Strategy designed for H1 and H4 trading and will be clear even to the beginner.
Best Time Frames: H1 and H4
Recommended Currency Pairs: any
VBBS V1.0 (Bollinger Bands Stop indicator)
X2 MACD X
William’s Percent Range
Price upward and above Green VBBS V1.0 1, VBBS V1.0 2, and VBBS V1.0 3
Williams’ Percent Range upward above 50 level
X2 MACD X indicator says “BUY”
Signal Trend Green color bars
Price downward and below Orange VBBS V1.0 1, VBBS V1.0 2, and VBBS V1.0 3
Williams’ Percent Range downward below 50 level
X2 MACD X indicator says “SELL”
Signal Trend Red color bars
Best Binary Options Brokers 2020:
Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!