Signal classification for binary options
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Trading using ready signals is very popular and the flow of those wishing to learn how to make money on binary options will never end. The trader is resting with a laptop, a call is heard about the arrival of the next signal-opens a position, dives into the sea and coming out of it closes the profit of $ 1000. In reality, this does not happen, but the legend is beautiful.
But the signals were, are and will be, and you need to know what they are and where to apply them. So:
Automatic binary options signals
These are robots that using several strategies of technical analysis (wave theory, indicators, Fibonacci levels and others) analyze the market situation and according to their algorithm convert the results of the analysis into signals for currency pairs. Signals are sent to the trader by e-mail, SMS or directly to the trading terminal.
Automatic systems for options in Forex, stock and futures markets have been developed. They can be a good starting point for a more in-depth analysis of the market and do a "rough" work for the trader on technical analysis.
Signals paid from independent suppliers
Signals are calculated by practising traders with experience, exact binary options strategy and their market vision. Unlike robots, signals from traders, in addition to technical analysis, can take into account fundamental factors. All means of communication are used for sending signals, as well as special services for copying transactions, such as ZuluTrade.
The market for paid signals is quite large, but there are only a few quality suppliers on them.
As is not surprising in the market there are also free signals, mainly from large binary options brokers. Usually, they are the simplest binary option bot based on technical analysis and are of little use as the main strategy.
There are also “shareware” signals that brokers provide to clients after opening a deposit. It is difficult to say anything concrete about the quality of the signals, there are practically no real reports with the results, most likely the results are also not very good.
Is it possible to use signals or not?
Yes, you can. As an additional element of analysis, they are very useful, as they provide additional data for reflection, especially when there is no coincidence with the opinion of the trader.
Automated systems can be a good source of information for looking at the market situation from the only technical analysis without fundamental and psychological factors. But remember that the algorithm created by man and the robot is a reflection of his personal view of the market. And robots on binary options tend to often make mistakes - people have time to change under the current market situation and make decisions in non-standard situations, and the robot can not.
A detailed review of paid signal providers is beyond the scope of this article - the topic is too big. But it is not necessary to treat them only negatively. There is also good binary options trader with good signals, but it is not easy to find them. And if a trader sells signals, it does not always mean that he is not a professional. Perhaps his goal is to increase the Deposit without borrowing.
Use signals and make a big profit!