Free Signals for Binary Options
In order to work on binary markets, it is not necessary to waste time on forecasting or market analysis, as binary options has its own strategy and macroeconomic indicators. Now, there are specialized services, called binary options signals, that collect all of the factors that may affect the price movement.
The signals can be provided for a fee or free of charge; however, regardless of a format, it is advisable to use them only in two cases:
- to check the exit point on the chosen trading strategy (this is especially true for traders who are making their first moves on the binary options market);
- for complete trading, replacing all existing types of analysis with this service.
After reading this article, you’ll know what signals are free (just look at popular forms) for binary options, where to find them, and how to apply them in practice.
Six Second Trades
This type of signal is embodied in the eponymous indicator, which is designed to work with minute charts. In the test period, the best results of the Six Second Trades showed on the EUR/USD pair, so it is logical that the author prefers this.
To get started, a trader just needs to perform the following steps:
- download Six Trades and add it to the terminal of MetaTrader;
- choose a broker and get access to the binary graphics;
- wait for the signal in MetaTrader: green dot – time for shopping; red – time for sale;
- go to the binary chart and open a position.
The main disadvantage of this tool is that it is packaged in the form of the indicator and is not suitable for live graphs. So its algorithm can only be used by those traders who opt into the currency as an asset.
This is another indicator, which is useful as an alarm system. It works on the same principle as the Six Trades:
- trader download tool;
- waiting for the signal (buy – blue arrow, sale – red);
- conducts a transaction for the purchase/sale option.
The ease of the ZigZagger 2.0 is that the user does not need to wait for a signal at the monitor. It is just enough to increase the sound volume and leave your computer running. When the application forms a suitable entry point, the dialog screen will pop up prompted with the sound, showing the instructions for follow-up (buy/sell).
The trader has to agree with the recommendations and whether or not to enter the market. You can download the ZigZagger 2.0 and see its detailed review here.
The profit follow
This service is being provided by a Verum Option binary broker. The nature of these signals is that the user can view and copy the transactions of the company’s top traders. It works like this:
- interested participants complete easy registration and connect to the Profit Follow service;
- at his discretion, the trader chooses which signals (one or more) will be auto-copied to his trading account;
- that’s all. Just use this information and increase the deposits.
That was a brief digression. More information is available here.
Technical analysis and investment ideas of Binomo
The broker analysts conduct market assessments daily, and make predictions about the future behavior of the popular assets. Traders need to keep track of updates and promptly respond to them (more info about this form of binary signals can be found here).
Let’s look at a real example of how this works:
The Binomo broker proposed the following investment idea:
- A currency pair USD/JPY showed a sharp jump, which can be laid in the foundation of the future uptrend. The assumption is confirmed by the fundamental set of events affecting the movement of an asset.
We now turn to the chart
The news published at 07.11 (05.10.16) – the yellow mark on the chart. As you can see, the investment idea worked out and the enterprising traders were able to earn good money on this.
It is the author’s algorithm, which allows you to receive free signals without outside advice and intelligence. First, a trader needs to read the instructions and all of the accompanying recommendations (see them here).
In fact «STOCH» is a complete trading strategy, which not every user can find free time for. However, such an approach enhances confidence in the incoming signals as the trader can determine them on his own.
Important! During the study of the «STOCH» system, please pay attention to expiry dates and recommended rules of money management.
We’ve covered only a few of the free signals (see more options here) that can be used on the binary options market. However, on the basis of information already obtained, it is possible to draw certain conclusions regarding this service.
|Free signals for binary options|
|Assist in making trading decisions||Give errors|
|Save time doing market analysis||Do not always take into account the output of the fundamental events|
|They do not require financial investments||Not always published in a timely manner, which prevents them from being used advantageously to enter into a deal|
|Can completely replace the trading strategy||Not always able to strengthen the earnings methodology selected (sometimes extra information delays the favorable time to enter a position)|
Right now you can: