I am periodically asked to recommend telegram channels that publish high-quality signals for binary options. This is not surprising, because today people’s lives and earnings are moving to the Internet and new technologies. And those who do not understand this remain practically unarmed, and may never know how to make money on binary options
In RuNet there are a lot of paid and free resources and training programs for trading using various tools. Some are looking for useful resources for trading binary options, others (experienced traders) create them, others write huge collections of channels on which you can spend a lot of time.
This article differs from all others in that it contains only those resources that provide the best trading signals for binary options, where you can study this subject from A to Z. But we will start with the paid ones.
What are binary options signals online
In order to understand how to work with trading signals for options, you need to understand what they are. Signals for binary options are the result of a set of financial indicators suggesting the subsequent movement of the market, relying on historical financial and economic models of the behavior of the price of an asset, or the crowd. In simple words, binary signals can be explained as the future direction of movement of the price of an asset.
I receive signals in different ways, which we will consider below. It is important to understand that signals are generated in accordance with certain logical rules. The rules are determined by economists and programmers who are trying to create a model of investor behavior. Therefore, if the rules are correct, the chance of a positive result increases; if there is even the slightest mistake, the result will be random, that is, how lucky you are.
Types and types of signals for options
Signals for binary options are generated in several main ways. We must remember that we have only two variables for analysis: Time and quotation (price), which are expressed graphically. Almost all signals are generated by technical or graphical analysis.
- Binary options signals for technical analysis: The program is based on technical analysis indicators. Programmers enter indicator formulas. The program displays a set of results as a signal. For example, if the price 15 minutes ago was less than now and during this time the price changed by 0.03 percent. You need to sell Call (call option). But if we express this in indicators, you will simply see the moving average and the Stochastic indicator. The most complex signals take into account many indicators. However, it is worth remembering that all technical analysis indicators based on the average price will show the same result. Almost all binary options strategies can be expressed as a signal. Regular up or down arrow.
- The second way to receive signals is to search for patterns. The program itself draws graphical models that should predict market movements. The third way to receive signals is manual. Yes, you heard correctly.
- Some signals that are provided by experts or scammers take fundamental factors into account. They study the economic calendar, and then show you their conclusions.
Some traders divide signals for binary trading into types based on price:
- Paid signals for options trading
- Free signals for options trading
- Binary options broker signals
For us they are all the same. The result does not always, or rather almost always does NOT depend on the cost of the trading signals themselves. The main thing is to know who provides them and for what purpose. If the price of signals is more expensive, this does not mean that they are better.
Winoptionsignals scammers offer to buy signals from them at a very low price. They promise a risk-free start and money back. These scammers promise to compensate you for your losses, however, this is a bonus that the broker credits.
Paid signals for binary options
Most often, these are just scammers who not only earn money from the broker for attracting traders, but also receive money from the trader for the service. Of course, there is a signal service that has licenses for consulting on financial issues, you can work with them.
Moving averages
This signaling tool is rightfully considered fundamental.
Most indicators are based on them, including the most accurate and reliable ones.
The Investing site, which was mentioned earlier, provides very good moving average signals. The trader does not even have to combine them with the chart.
Using moving averages, you can evaluate the behavior of a currency pair over any period of time.
- So, if the average indicator is 5, then you need to trade options for 15-20 minutes,
- and if the indicator is 200, then you need to trade options with a life until the end of the day.
Everything is easy here. You just need to learn how moving averages work (this will take a maximum of 2 hours), and this signal tool will be intuitive.
There is a separate article on the topic of moving averages at the link above - read for your health.
Which binary signals are better?
This question cannot be answered. Everything is shown by the results statistics. For our team, the best results were shown by signals based on technical analysis. For our part, this is the same strategy that we use for trading binary options with brokers, only instead of a full analysis of the charts, we have an up or down arrow at every moment possible for trading. There are a lot of scammers on the Internet, so we don’t trust super traders, gurus and others. Who want to help us make money, for free.
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Where to get signals for binary options
There are several main ways to receive signals for binary options trading. We will list the possible ones, and you decide where and how best to take them: Order signals from programmers - binary options traders often use additional platforms to analyze charts, such as MT4, Ava and others.
- There are programmers who can write you programs for these trading platforms in the myCQL programming language. To do this, you need to provide the programmer with a technical specification, which will describe all the decision-making logic for generating a signal. These signals are the most accurate and reliable. Since you know what the signals are based on and what your goal is to earn.
- The second way is to receive signals from a binary options broker. Let us immediately note that regulated brokers do not have the right to provide signals, advise or motivate a trader to make transactions. Remember the broker may be against you. After all, not all brokers execute transactions. Many of them make money from your lost money, and not from commissions and differences. Binary options brokers always write on their website that they are not responsible for the results. Since brokers cannot provide binary trading signals themselves, they often use the services of third-party companies. Often these are also their companies, but registered in another country as a different structure. Determining who is a scammer and who is not is very difficult at the beginning. The results of such signals are about zero, with the subsequent loss of the deposit. Complete loss of money. No one has yet come up with a super system for trading on the financial market, much less offers it for free to everyone. Brokers often use this as a ploy to attract new traders by promising them easy money. Usually these are scam brokers who just want to get your money.
- The third method that you will find on the Internet is “Guru” or “Financial Trading Masters”, and in simple terms they are scammers. Which receive money from the broker when you make a deposit. There are many such scammers and they are on our list of binary options scammers. +
An example from a related trading industry
Trading binary contracts appeared 10 years ago. Before this, traders were engaged in the purchase and sale of currencies on the international Forex market. Analysts who have specialized in this area have created profitable trading algorithms to analyze the market situation and provide reference information for the trader. A successful project in this area was the company AlgoithmFX. The company has offered and continues to offer robots, with the help of which a trader can automatically buy and sell currency, making a profit from it.
The example is interesting because the trading system does not offer fantastic profits to a new client with a deposit of 10-20 dollars. The automatic service does not guarantee a 100% return for investors investing $1 per trading position.
According to the proposed conditions, the purchase of an advisor for trading guarantees a profit of 300% of the investment made within 12 months. And not 10-20 thousand dollars per week, like other companies.
Please note that you can only pay for access to the service for a month, quarter or year. After this time, the algorithm becomes ineffective, since the analysis tools used become outdated and require modification.
The description of this trading system is given as a sample. The service has established criteria that a high-quality website or program must meet, which provides paid information.
Free signals for binary options
What are free trading signals for binary options? It's just bait. Remember, you will be promised a super strategy that will bring you financial independence. However, it is not. It's just a lure that you made an account with a broker. People who promise signals that bring more than 70% of earnings are scammers. Of course there are brokers who work with a team that provides signals, but they do not have the right to do so. Because all European regulators prohibit it. The logic of this ban is that the trader should not and cannot blame the broker for losing money. Just like an investment advisor at a bank. Beware of free signals that promise to earn you a lot of money.
Of course, not all binary options brokers are scammers. Honest brokers have their own group of analysts who maintain PAMM accounts and also write analyzes and forecasts for the broker. They can be found on the websites of many honest brokers. They help if you track them and keep statistics on the results. This is the only way you will understand if they are written by a pro or if someone is simply translating Bloomberg’s forecasts, losing their meaning along the way.
Technical analysis of currency pairs
This type of signal indicators is very detailed and therefore the most useful.
A trader can not only receive a signal, but also study the criteria by which it was provided.
Trading options on currency pairs is the least risky source of income, according to many experts.
Here, too, you need to follow the advice “Actively sell” and “Actively buy”, ignoring unstable options.
Technical analysis covers turning points, moving averages, and other indicators. This type of signal tool is suitable for traders who want to analyze everything themselves and make a decision.
Those who rely in their work only on signal information prefer a more condensed technical overview. In this detail, in the abundance of information, lies the advantage of analysis over review.
It is much more difficult to work with, but the chance of a losing trade is much lower.
Scammers and binary options signals
We have written a lot about scammers who offer signals for binary options. Now let's look at an example of such a scammer. Robot Robot-ELLY which is sold through the option-signal service. Scheme of operation of option-signal scammers (signals for options) A trader registers to receive signals at a very cheap price. After registration, he gets into the account and support contacts him and offers to buy signals. The most profitable package is signals and ELLY Robot. The package price is $60 for 30 days.
On the first page of their website, the Option-Signal company states that they have a technique whose profitability does not fall below 75%. Naturally, anyone can use the proposed system for a nominal fee.
When a trader opens an account, he is informed that the ELLY Robot only works with brokers from the list. Therefore, the trader must open an account with these brokers.
Brokers from the Elli robot list. Brokers pay for each trader who opens an account and makes a deposit. Therefore, these scammers do not care about the result.
Terms and conditions Robot ELLY - no responsibility, period . It is very important to read the terms and conditions of the service that offers trading signals. If he is not responsible, for nothing at all, it is better not to deal with them.
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How to use binary options signals
If you still decide to use the binary options signals of a broker or someone else. Be sure to use the following rules so as not to lose money. Please note that if the broker has a license, if not, you will lose your money. Be sure to check if the signals do not have auto trading capabilities. There are often complaints that the signaling platform itself has drained the deposit. How? Very simply, transactions were opened from the trader’s account. From a legal point of view, there is only one culprit - the trader himself. Since the broker is not responsible for the result and the trader opens trades himself. If you have checked the above, you should definitely choose a trading strategy. Test each signal with your own strategy and track the results. Be sure to record your results. After 20-30 signals, you will understand what the real percentage of positive trades is with this options signal generator. The use of trading signals can only show results if you use the rule: “One head is good, but two are better”
Checking and confirming signals for binary options is a very important point. A trader must make sure that the signals he receives will help him in trading.
Signals can be confirmed even using the simplest strategy. If you receive a buy signal, check it using the stochastic indicator.
Important! You need to look for a reason not to enter into a deal, if you don’t find one, enter.
- Active sell signal (Down or PUT): wait for the Stochastic lines from above to touch the colored area. Don't sell when stochastic is down
- Signal “actively buy” (Up or CALL): the same, but from below. Don't buy when the stochastic is up
confirmation of the signal with the Stochastic indicator
Technical overview
Signal indicators based on the technical review are a ready-made product.
They are presented in the form of a table, where any person can select those assets that are interesting to him.
Currency pairs, stocks, indices, futures, commodities - all this is available in the technical review.
Signal information can be different, but a trader is only interested in 2 types of advice:
- “Active sell” (you need to buy a put option);
- “Active buy” (you need to buy a call option).
You can follow the advice only if the forecast is the same for all time periods. It is best to work with periods of 5 and 15 minutes, 1 hour and 1 day.
In each period, the advice “Active Sell” or “Active Buy” is shown - which means you can trade the option. The remaining options involve greater risk.
The optimal time frames for trades are:
- with a 5 minute signal, the transaction should last 30-45 minutes;
- with a signal for 15 minutes, the transaction should last 1 hour;
- with a 1 hour signal, the deal should last 1 day.
Conclusions:
Signals for binary options are often just a ploy by scammers. However, if you have a trusted resource, it can help. We must remember that there is no program or person who will always give 100% positive results. As practice shows, almost all free trading signals erase the trader’s deposit. The trader must remember that all responsibility for the result rests with him. You should always check and test all signals and tips in the financial markets.
Trusted brokers that provide signals for options trading, I advise you to use them as a hint, but not as a guide to action. Compare the signals received from the broker with your strategy, study the results and draw the right conclusions. Don't believe promises, remember, everything is against you. You and only you are interested in earning money and making a profit.
