Signal services, which in the recent past have begun to be provided by the brokers of binary options, are quite demanded in the market. This circumstance is connected with the fact that binary options, despite their simplicity, require from the investor a large amount of knowledge, which is necessary for technical market analysis. It, in […]
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What is Brokers’ Signals in Binary Options
One of the simplest ways to profitable binary option trading is signals. They appeared in the market quite a long time ago, but until recently such services were provided only by third-party companies and private individuals. Of course, this approach has not been effective in terms of work and professional in terms of design. Everything changed when brokers began providing the signals.
One of the first brokers that realized the signals for work with binary options under its own trading platform was OptionBit Company. They have implemented an additional application, which was called Algobit. The program automatically scans and analyzes the market. On the basis of the algorithms that lie at its core, there is a compilation of the targets and forecasts for each asset. This is reflected in the specific recommendations for each asset. The trader can only take the advice of a broker and buy a binary option on his own. Furthermore, this system is not automated, because it just generates possible conditions to adjust the lot. The trading itself must be carried out by the trader.
The signals of TopOption broker are very popular. This company has been on the market for quite a long time period, and has always been different by the following fact – it has always followed the major trends in its field, as well as provided the customers high-quality services. The signal service of this broker is not an exception. At customers’ service a unique tool that is designed by professional investors, belonging to the staff of the broker, is offered. These signals are very simple and contain specific recommendations about the direction work of a particular asset should be carried out.
Another broker that offers its customers the opportunity to trade on their own signals, is a company DragonOptions. The company began to carry out such services recently, and on probation they can be called shareware. During the first month after registration and recharge a trader gets access to free trading signals service. In the future it will be necessary to pay the monthly installments for them, the amount of which is 100 dollars.
Another interesting product is the signal 24option, which are also formed in real time and the results are displayed in the platform window. Ultimately, the investor sees a special table that has in front of each underlying asset the recommendation for its purchase, as well as the reliability of the signal itself. Such brokers’ signals are quite effective and the company 24option states that the percentage of successful trades is about 80%. This is a very good indicator that allows the trader to make money on every trade.
There is another broker, who also has in its arsenal of tools signal services for traders. We are talking about the Opteck signals. In fairness it should be noted that this service is not available to the public and will only interact with those customers of the company that have filled up the initial trading deposit in the amount of 1,000 US dollars. After that the investor will receive a letter from the broker with recommendations for opening positions on his e-mail. Total it comes around 15 signals per day, which average passability is at 80 percent.
Signals from binary option brokers are a relatively new service, which at the same time is very demanded by the market participants.