Hell yes! Market sucks! We prefer calling the market ‘one badas*’ that you should not mess with unless you are ready. Strategies, no matter how simple they look on pages are really difficult to implement when it comes to practical application. That’s the reason why, we recommend that you start your trading career in binary options market with a little aid from binary options signal providers. Once you make some money with them, you can afford to lose a few bucks while trying out the strategies we have discussed. But at initial stage, you really cannot afford to use strategies on your own if you are not an expert. So, how do you become an expert? Good question folks! This is what I did:
- I decided to trade with signal providers. I made some money and when I had some cash that I could afford to lose, I decided to uses strategies.
- Before I started trading with strategies in real, I decided to open accounts with those brokers that offer demo accounts. I tried out some of the strategies and only when I felt comfortable with them, I started trading in real using some of these strategies.
A Tip: I don’t claim to be an expert but here is a small tip that I believe every novice trader should follow: ‘NEVER TRY EVERY SINGLE STRATEGY YOU CAN PUT YOUR HANDS ON. START WITH ONE, MASTER IT AND THEN MOVE TO THE NEXT. PATIENCE, MY FRIENDS, IS A VIRTUE THAT ALWAYS LEADS TO SUCCESS’.
Lets get back to where we started – binary options signal providers! So, which are the best options signal providers out there? Yes, definitely we mentioned the name, TheBinarySignals.com but they aren’t the only folks out there. In fact, there are quite a few of them.
Here is the list of our most HIGHLY RECOMMENDED signal providers. Sign up with any one of them now and start making money!
We strongly advocate Quantum Binary Signals, Binary Options Trading Signals, and TheBinarySignals. So, why on earth is the subscription price of Binary Options Trading Signals so high? They have one very authentic reason to keep their prices high. Once every week, they will arrange for a video where you can actually see a professional trader trading. That’s a live video. Yes, we know you won’t learn too much from that video but one thing is sure! You will at least see what technical tools the trader is using to place his trades. You will see exactly how he uses those tools. You will see what strategies he is using and whether he is using multiple tools or not. The more you pay attention, the more you learn. As the saying goes, ‘seeing is never enough’! So, you will have to practice using those tools and strategies on your own.
The question is: ‘How will a typical signal look like and how will you interpret it?’
This is how a signal will look like:
Signal Time: This will give the date and time when the signal was sent.
Asset: This will give the asset for which the signal was sent.
Direction: Call or Put (It will either be Call or Put. In other words, it will give you the direction in which the market will move).
Price: This will give you the strike price for the asset in next 5 minutes. You can select any price within 5 minutes and place your trade.
Expiry: This will give you the time when the trade should end. In other words, beyond the expiry time, the price can move in any direction. So, you need to make sure that you place the trade before the expiry time.
Please remember that the signals may be sent in other formats too! Another typical example will be Call – Nasdaq – 2773 – 16:00GMT. Call is the direction, Nasdaq is the asset, 2773 is the price (strike price) and 16:00GMT is the expiry before which the trade must be placed.
How will you receive the signals?
No matter which signal provider you select, you will always receive the signals in real time. Mobile alerts are sent to the registered members. The signals are also emailed to the provided email account.
Are these signals best for 60-second trades?
Some providers will do provide signals for 60-second trades but we don’t really advocate using signals for 60 seconds. Why? Even if the signals are real time, there may be a lag depending about your mobile network provider, your ISP and other factors. By the time you use these signals for placing a 60-second trade, there are high possibilities that the market will have already moved to a different direction. It is always wise to use these signals for 15-minute trades or higher.
Use your common sense folks and don’t be too greedy. If you are really after making money, don’t try to do that too fast. You see, by the time you login to your trading account and place the trade, the trade will actually expire and you will mostly end up with wrong trades that will depend mostly on your luck. Trust me, luck will forsake you anytime it wants. So, play wise!
So finally, here are the top signal providers of our choice:
- Quantum Binary Signals (they have a trial period offer which is pretty good).
- Binary Options Trading Signals (I didn’t see any trial option but the live trading video is cool).
- TheBinarySignals (they have a trial plan too but you need to register with one of their partner brokers to enjoy the offer).
- Binary Option Pro Signals (they have a 14 day trial offer and 60-day money back guarantee).
- UpDownSignals (I didn’t see a trial offer but they have this 60-day money back guarantee).
All of these providers do a great job when it comes to customer service and they will all lock the subscription rates forever. Put in other words, if they change their subscription prices, you don’t have to get worried. You will continue to pay the rate you received. Bad thing is that if they reduce their prices, you will be at a loss! But, their chances of reducing their rates are fairly slim.