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Article Title: Binary Options Signals & Trading Tools

Pick an asset, select an expiration, and choose the direction in which you believe the price of the asset will move. That is, in a nutshell, how binary options work. Their simplicity is the reason many veteran traders are migrating from conventional options to binary options. It is also the reason the latter field is attracting beginners in droves. But the lack of complexity doesn’t mean it is easy to make a consistent profit. In fact, doing so is difficult for most people, even the veterans. That’s why a growing number of binary options signals services have emerged.

Our goal on this page is to introduce you to binary options signals and the individuals and companies that provide them. You’ll learn how they are used, and how to choose a service provider that accommodates your trading style. Below, we’ll cover cost considerations, trusting your chosen service, and taking action on their recommendations.

One important note before we get started: you don’t need to receive binary options trading signals to trade. The majority of traders participate without them. Having said that, it is worth being familiar with the tools at your disposal so you can make an informed decision regarding whether to use them.

What Are Binary Options Signals And Who Uses Them?

At its simplest, a trading signal is a recommendation for executing a trade for particular asset. The individual or company providing it includes an asset (e.g. gold), its target price (e.g. $1,585), and current price (e.g. $1,583.50). The recommendation may be drawn from technical indicators, such as a Fibonacci retracement. Or, it might be given after the provider has studied candlestick charts, and thereby identified a bullish or bearish indicator. The trading signal may also result from a news item that surfaced moments before, revealing a fleeting opportunity to make a quick in-the-money trade.

Binary options trading signals are provided for the four main asset groups found at most binary brokers: stocks, indices, commodities, and currencies. Depending on the service, subscribers might receive one recommendation a day, or several per day. They may come via text message, online chat message, or email.

The signals are particularly useful for traders who are busy with other responsibilities or interests. Such market participants often want to avoid spending significant time analyzing assets and their price movements. For example, they may have little interest in learning how to read tick charts or candlestick charts. Instead, their priority is to find a reliable method for trading at a consistent profit. Relying on recommendations from a proven binary options signals service represents an ideal solution.

The challenge, of course, is to find a service provider that offers credible advice. Not all services do so. In fact, as good as many of them are, blindly following the advice of some may bring you one step closer to financial disaster.

6 Savvy Tips For Choosing A Binary Options Signals Service

First, it’s important to note that several binary options brokers provide their members with free trading signals. Be wary. While the offer seems generous, there is usually a reason it is being made. For example, a broker might offer free trading recommendations to encourage activity. The potential for those trades to expire in-the-money may be slim.

Second, look for a track record. Don’t assume a provider’s claims of stupendous success is accurate. Look for trade details and conduct due diligence.

Third, decide whether you would like to learn how to forecast price movements on your own. If so, realize that paying a service to do so for you will reduce the opportunity to learn and improve your own skills.

Fourth, determine the method used by the binary options signals provider to deliver trading recommendations to its subscribers. You want to receive the service’s advice as quickly as possible since much of it is likely to be time-sensitive. If you’re unable to do so because of the delivery method used (e.g. email), the service may be a less-than-ideal fit for you.

Fifth, realize that the cost of a service is not necessarily indicative of its value or the accuracy of its trading advice. Monthly rates can range between free and up to $500 a month. The latter option may be no better than the former. Keep in mind, track records and peer reviews remain a powerful method for uncovering reliable advice.

Sixth, before you sign up for a binary options trading signals service, find out how customer support is handled. Can you contact a representative by phone? Can you do so via email? Are issues resolved quickly? Since you’ll be basing your trades on the service’s advice, you’ll want to have an easy way to contact them in the event problems surface.

Acting On The Trading Signals Issued By The Service Provider

As we mentioned previously, a significant portion of the advice you receive from the binary options signals provider will be time-sensitive. You may need to act on a recommendation quickly to take advantage of the target asset’s price movement given its market trend. If you’re unable to execute a trade for twenty-four hours – or even twelve hours – after a trading signal is broadcast, the opportunity may be lost.

This is the reason it is important to find out how recommendations are delivered beforehand, and determine whether you’ll able to make use of them in a timely manner. Otherwise, your subscription to the service, along with the money you pay each month to maintain it, might be wasted.

Where To Put Your Binary Options Trading Tools To The Test

You’ll need to register an account with at least one binary options broker to execute trades. We recommend creating accounts with two or three brokers in order to take advantage of the best opportunities. This is especially the case if you subscribe to a trading signals service. You might receive a call or put recommendation on a stock that can only be found at a certain broker. Or, you might prefer to execute a trade with a broker that offers a 15% rebate on instruments that expire out of the money. With that in mind, start with the four reputable binary options brokers below.

24Option – Training videos, a healthy variety of assets, and high returns – particularly for currency pairs – help to set this broker apart from its competitors. You can earn returns on short-term binary options ranging from 71% to 85%. Additionally, some instruments carry a 15% rebate if they close out of the money. You can execute high/low, range, and touch/no touch options, some of which can yield returns of more than 300%. Visit 24Option.com and register your account. You’ll see why many traders consider this broker to be their favorite.

AnyOption – At AnyOption, you can get started by depositing a mere $100 into your account. Although the returns offered on in-the-money trades are slightly lower than those found elsewhere – they range between 65% and 71% – losing trades are accompanied by a 15% refund. High/low, boundary (range), and touch/no touch binary options, combined with a large list of assets on which to execute them, round out the features. Visit AnyOption.com today to test drive its simple-to-use trading platform.

TradeRush – Offering 60 second options, competitive returns, and a huge list of underlying assets (including several commodities found at few competing brokers), TradeRush is regarded as an industry leader. You’ll be able to execute $10 trades on high/low and touch/no touch binary options, using a simple and elegant trading platform. Returns on winning trades range between 70% and 81%, with refunds starting at a low 2% and climbing to 15%. Visit TradeRush and create a no-deposit demo account to enjoy a first-hand look at the trading interface.

Banc de Binary – Regarded as one of the top binary options brokers in the industry, Banc de Binary is considered a one-stop shop for many traders. You’ll be able to execute $10 trades while taking advantage of dozens of stocks, currency pairs, commodities, and indices with expiry times ranging from 60 seconds to 24 hours. This broker uses one of the most well-received trading platforms in the industry (Tradologic), which offers an assortment of useful features. One such feature is Option Builder, which lets you customize your trades, even to the point of selecting your preferred risk-reward ratio. Visit Banc de Binary today to register your account.

Although it is possible to make a consistent profit trading binary options, realize you’ll be exposed to a degree of risk. A series of bad trades will result in a financial loss. One solution is to subscribe to a binary options signals service, executing trades based on its recommendations. If you decide to go this route, use the four brokers above to put your chosen service’s advice to the test.