Best Free Binary Signals in South Africa ¦ Binary Trading Signals

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

FREE SIGNALS

RIGHT NOW!

BEST FREE SIGNAL OFFER

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The best tool for binary trading – The vfxAlert software provides a full range of analytical tools, a convenient interface for working in the trading platform of the broker. In one working window, we collect the most necessary data to correctly assess the market situation. The vfxAlert software includes live binary signals, online charts, a trend indicator, market news, the ability to work with any broker. Also for our subscribers, we offer signal sending services and additional analytical and statistical information. You can use binary options signals in the browser window without downloading the vfxAlet app.

Classical signals – formed by standard technical indicators and the conditions of these signals are used in many trading strategies. These signals give the trader alert that there was a certain event in the market. (For example, the price is in the overbought/oversold zone -RSI signals). You do not need to constantly monitor and analyze the market. It is enough to wait for the corresponding signal and following the rules of your trading strategy open a position. Free signals for binary options available for all users, but the additional statistics like power and heat-maps available only Pro accounts.

Adaptive signals – a statistical analysis of the movement of prices in the currency market Forex, depending on the indications of technical indicators. We provide traders with tools such as heat-maps that give information about the favourable moment for opening deals. Very convenient tool for further confirmation of trades. The algorithm in real-time analyzes the market and the history of quotations and calculates the probability of price movement based on historical data. The statistics are available for 6 working timeframes and for options with an expiration time of 1, 5, 15 minutes. This tool works great when there is a certain tendency in the market. In conditions where the market is in the stage of change, it will take a time that new data replace old ones, but for medium-term options, it takes only a few days.

Most of you think binary options it is easy, that is absolutely wrong. Please feel the difference between easy to trade and easily earn money. Binary options are easy to trade – that is true.
But successful trading requires discipline and strict compliance with the rules of the trading strategy.
It’s will be very difficult to understand what exactly vfxAlert propose and how to use all these statistical data. Our recommendation is to use free signals in the free version and learn technical analysis and statistical principles.

  1. Trade 2 hours per day not more. Trade at the same time every day.
  2. Trade long-term signals. (Min. 5 min expiration time)
  3. Learn about assets what you going to trade. How price moves in different trading sessions.
  4. See how trend influence on signals profitable.
  5. See how heatmaps&power influence on signals profitable.
  6. Analyse your trading statistics.
  7. Trade on demo-account.

After one month you will feel the market and possible you will be able to create your first trading strategy.

!Important: Signals are not a recommendation for action. Signals are the result of market analysis on a particular algorithm, a trader has to understand how signals are formed, and what is current market tendencies to make the right decision.

!Important: vfxAlert do not offer trading strategies. vfxAlert offer signals and real-time statistics depending on current indicators values. See below: The trading strategy is a system of rules, on the basis of which the trader makes his own decisions. Such a system is formed only on the basis of individual trading experience, gleaned knowledge and acquired skills. The strategy allows a deep understanding of the structure of the market and the mechanisms of its operation, therefore, the exchange player makes decisions based on the current situation. On the basis of an individual strategy, a trader can develop several trading systems and use them depending on market conditions. The strategy always takes into account fundamental factors, statistical data, as well as the basic postulates of risk and money management.

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.

  • 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.

ZigZagger 2.0

This is another indicator, which is useful as an alarm system. It works on the same principle as the Six Trades:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

  • 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.

«STOCH» system

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 Binary Options Signals – Are They Really Free?

There is a saying that if something good is for free, then it can’t be that good. Free binary options signals is no exception, however there are a few legitimate ways to receive quality signals for free.

Today, in the age of aggressive technological progress we are often bombarded by a multitude of products and services for free. However, as we all know, these so called freebies always have a catch.

There are five major promotional tools that push the offer of free binary option signals online:

  1. Free automated signals offered to users via a trading robot
  2. Free signals when users join a specific broker
  3. Free signals by self-proclaimed ‘trading gurus’
  4. Trading indicators with free signals
  5. Free signals provided on social trading platforms

In many cases all three promotional setups and methods ultimately lead to the same purpose, to get the users to sign up to a specific broker.

Binary brokers spend a lot of money on various promotional tools to get as many people trading on their platform as possible. Running this blog we also get offers from many binary options brokers who want a platform to advertise their service.

Free signals offered for users if they subscribe to auto-trading

There are many binary options trading robots available online. They are often being marketed as free signals. Most of the binary options robots are free to sign up, however as trading requires to deposit money with a binary broker, many free trading robots force users to sign up to a specific broker. Sometimes the user is offered a few brokers to choose from within their trading robot system.

One of the reasons the trading robot signals are offered for free is because with each new user sign up the trading robot owners will be paid commission from each user and also a percentage from his/her additional deposits. Most brokers pay about $200-400 per each new qualified user (a client that deposits money), so 50 new users per month will make 10.000-20,000.

Letting a robot trade your account using fully automated signals can be extremely risky, but there is a lot of people who will argue the case for automated trading. They claim it as trading with no human emotion, which can be quite effective but it works much better in Forex trading which allows greater risk control and stop losses.

Too many people heard of high-frequency trading by robots and AI that is used in Forex on daily basis and they assume this is very similar. However, this type of automated binary options signalling service has nothing to do with high-frequency trading capabilities.

In HFT companies use very expensive and complex AI systems and computers directly connected to the markets, this is not the case with any binary option broker or any binary option robot.

Free signals when users join a binary broker

Many brokers have realized the potential of acquiring new clients by offering them a binary options signal service. Usually they guarantee a certain percentage of wins. It used to be that these signals were issued by the actual brokers themselves, but now the signal services offered by brokers are provided by a third party company or professional freelance traders.

This makes the system a little bit more neutral because there seems to be no conflict of interest. Remember that when you trade binary options you essentially trade against your broker and other traders. For this reason some brokers have recently closed free signals offers in exchange for other incentives.

If you find a broker that still offers a free signalling service, remember that just as we mentioned in the beginning of this article, nothing is for free. The idea is that when you sign up to a signal service with a particular broker you will trade on the signals.

The more you trade the more money the broker is able to make. It’s that simple. Although those free binary options signals might achieve a certain rate, reaching that level in a live environment is seldom possible due to server delays, late entries, or other aspects.

Free signals by self-proclaimed ‘trading gurus’

There are also many traders who offer free binary options trading signals to their subscribers. The reason they are free is the same as in the previous example. The subscription emails include offers to various brokers or one specific broker the ‘trading guru’ is affiliated with and gets a commission from them for each new sign up.

Alternatively there might be a different catch such as premium signalling service for which you need to pay a monthly subscription fee. So the free signals will be quite poor but the premium, subscription based signals will be much more accurate.

The free binary option signals offered by a ‘trading guru’ usually also include guidance, trading advice, as well as other information. Subscribing to this type of service is actually least invasive of all three. Usually it only involves giving out your name and email, as oppose to your mailing address and credit card.

Although this type of service might actually work well and be very informative, many of the ‘trading gurus’ take the easiest way out and send signals that are actually fully automated.

They usually use custom indicators to construct a free binary options signalling service. One of the most widely advertised free signals are John Anthony’s which supposedly are completely free. But let’s have a look at the most recent 18 trades based on those signals.

As you can see in the above screenshot out of 18 trades the signals were correct only 9 times, that’s a 50% success rate.

With this type of winning rate you would lose money. To understand the advantage that is necessary to win at binary options please read our post on whether it’s possible to make money in binary options.

50% of wins is never enough to win at binary options, regardless of which binary broker you use. 50% of wins will eventually drain your account.

So despite the fact that John Anthony’s signals are completely free, what use are they if you lose money on them? The only way to use such signals is for reference only, they are not to be traded on.

An experienced trader who receives such a signal should take a very good look at the charts and decide, using his or her market and analytical expertise to confirm each signal.

But if you at this level of trading, you don’t need to use an external signalling service. You can create your own signals.

So who subscribes to these type of signals?

Unfortunately, the people who subscribe most to such binary options signals are usually those who fall for the marketing and the empty promises of the people who run the signalling service.

Those who subscribe to such services don’t confirm any of the signals, they just trade on them. Unfortunately, more often than not, the end result is that they lose money.

Free signals using quality indicators and advisers

Another way to obtain free signals is via a trading indicator for MT4/MT5 or other trading software. Indicators are simply trading algorithms that are programmed for a specific trading platform such as MetaTrader. These platforms are free of charge and can be downloaded online and installed on your computer and used completely free of charge.

By default they come with the most common indicators, such as Moving Average , Commodity Channel Index, Volumes, etc. but there are thousands of custom indicators that are designed to do a lot more than the available indicators.

Custom indicators are usually built with a few indicators and their main use is to find trading opportunities and produce alerts. These trading signals can be visible on the chart, issue a pop up alert, or even send an email or text message to your phone alerting you of a trading opportunity.

There are thousands of free and paid technical indicators and Expert Advisers available for the MT4 trading platform.

Unfortunately, free indicators rarely include technical support and have limited features.

If you would like to give it a go with a free indicator to see how it works, you can use our Free BinaryViper MT4 indicator with signals.

In order to receive free signals via push notifications, SMS, or email, your MT4 trading platform will require additional configuration.

This whole experience of downloading, installing, and configuring the platform and the indicators or EA can get a bit technical and time consuming, so perhaps it’s not ideal for everyone.

There are many free custom indicators but there are also many paid ones also that often include support and whose coding is usually written to a much higher standard.

One of the best features of MetaTrader is that it has it’s own programming language (MQL4) and it can run automated trading strategies, known as Expert Advisers (EAs) that can be backtested and issue trading signals as push notifications, emails, or text messages.

Advisers can contain a number of indicators and specific trading rules. In fact, many of the binary options trading signal providers use Meta Trader Expert Advisers for technical analysis and signals issuing. This is nothing new.

This option of getting free trading signals via the MetaTrader platform obviously has a big learning curve. And in order to get high quality signals, your EAs or indicators must be very well configured and backtested. This will take a lot of time, especially if you’ve never done it before or you don’t know much about technical analysis and trading.

Luckily, there is another, easier option. It’s called social trading.

Free signals using social trading apps

Recently the newest attraction for the retail trader is the concept of social trading and copy trading. The idea is quite simple and most binary brokers today also offer some type of social trading feature. One of the most common ones is the percentage bar of buyer/seller preference on a given asset.

Etoro is the most innovative social trading broker in the world. It is also fully regulated in the EU, UK, and Australia.

They simply took social trading to another level. They built their entire online platform for a large community of traders to exchange ideas and copy trades of the best traders. Etoro is by far the biggest player in the social trading scene and it boasts millions of traders around the world.

When you sign up to their platform you will be able to search active traders and seek out the most successful ones based on the complex metrics of the system. Then, using the eToro’s copy trading feature you will be able to copy their account and their future trades.

In addition to standard Forex, the eToro social network also offers the possibility to trade many company stocks, indexes and cryptocurrencies. The company has been on the market since 2006 and it is the largest and most innovative social trading platform in the world.

There you can get free trading signals and trade suggestions and automatically copy the best-performing traders. You can also follow chart analysis and trading ideas for each asset as they are freely shared by traders on the network.

eTORO also offers various hands-off funds management. There are many funds to choose from, for example technology fund (Alphabet, Facebook, Amazon, etc.), energy sector fund, game companies fund, cryptocurrencies fund, etc.. The only caveat is that to join any particular fund, you need to deposit minimum $5000 into it. These funds are managed by professional traders.

There are other binary and CFD brokers that offer social trading features but eToro is by far the biggest and the most popular one.

Remember, stay safe and test all signals on a demo account first!

Binary Options Signals

If you are looking for hands-free binary options trading, this is the place where you will find information about signal providers, robots and autotraders. Semi-automatic, fully automatic binary signals and robots, profitable or shady, they are all here somewhere. Read reviews, compare and choose what’s best for you!

Signals
Service name Membership cost Monthly signals Assets types E-mail alerts Sms alerts
UpDownSignals 97$ 30-40 forex & commodities Yes Yes
BinaryOptionsTradingSignals 97$/2Weeks 50-80 Currencies & Commodities Yes Yes
QuantumBinarySignals 149$/Month 40-60 Forex, Stocks, Commodities, Indices Yes Yes
ProBinarySignals 99$ /Month 50-80 Oil, Gold, Currencies, Indices Yes Yes
OptionBOT 97$-197$ Currencies Yes No
BinaryOptionsGo 97$ /2 Wee 50-80 Forex, Stocks, Commodities, Indices Yes No
Binary Options Pro Signals 97$ /Month 50-80 Forex, Indices Yes No
Binary Options Signals Europe 97$ /Month 50-80 Forex, Indices Yes No
Signal Coyote 150$/ Mont 100 Currencies, stocks, indices, commodities Yes Yes
Binary Options Live Signals $299/ 1 Se 48-60/ 1 Session Currencies No No
Cherry Coke $500/ mont 80 Stocks and Currency pairs Yes No
Signals Binary Free** 200 Currencies and Stocks Yes No
Signal Feeds 35$ /Week 100-120 Currencies, Stocks, Indices, Commodities Yes Yes
Million Dollar Insider Free* unknown unknown Yes No
Binary Options Experts 199$ /Mont 50+ Forex Yes No
Winner Binary Signals 49$ /Month N/A Stocks, Forex Yes Yes
AutoEABinary Affiliatio N/A Forex Yes Yes
Signal Push 100$ /500 N/A Stocks, Forex, Commodities Yes Yes
Profit in 60 seconds 997$ /Life N/A Forex Yes No
Binary Trading Robot 47$ /Life N/A Forex Yes No
Trade per Day Free 25-30 Stocks, Forex Yes No
The Binary Signals 97$ /Month N/A Stocks, Forex Yes Yes
Profit Binary Signals 199$ /Mont 40-200 Stocks, Forex Yes Yes
Binary Options BluePrint 77$ /Life N/A Forex, Stocks Yes Yes
BO Signals 50$ /Month N/A Stocks, Forex Yes Yes
Binary Options Bullet 68$ /Life N/A Forex Yes No
Binary Option Autotrader 100$-1000$ 80-150 Forex Yes No
VIP Binary Options Signals 299$ /Mont N/A Forex Yes Yes
The Real Binary Bot Free* N/A Forex, Stocks, Indices Yes No
Binary Matrix Pro 0.01$ /Sig 45-100 /Day Forex Yes Yes
Binary Options Trading Signals (Franco) 184$ 30-40 forex No No
KimSignals 2.0 60$/month 50 Forex No No
ZERO RISK Strategy 10$/month 100 Forex No No
BinaryOptionsArea 99$/month 100 Forex No No
Green Room Academy n/a >60 Forex, Futures No No
Auto Binary Signals 100$/month n/a Forex, Commodities No No
ITMSignals 125$/month n/a Forex, Commodities Yes Yes
Binary Options Signals Experts n/a n/a Forex, Futures Yes Yes
Binary Option Beast 397$ >50 Forex, Futures Yes Yes
Binary PowerBot 69$ n/a Forex No No
SixtySecondsOptions 40$/month n/a Forex, Futures Yes Yes
BINARY OPTIONS ROBOT Free 300+ Forex, Futures, Commodities Yes Yes
TrendXpert N/A 50-200 Forex, Futures, Commodities Yes Yes
Binary Option Robot (2nd one) N/A 200+ Forex, Futures, Commodities Yes Yes
Signals365 Free 150+ Forex, Futures, Commodities Yes Yes
John Anthony Signals Free 100+ Forex, Futures, Commodities Yes No
Disrupt Trading App Free* 100+ All No No
Binary Signals App Free 150-300 Forex Yes No
TheBinaryProfi No No
1K Daily Profit Free N/A Forex, Commodities Yes No
Dubai Lifestyle App Free N/A Forex No No
Option Robot Free 50-150 Forex Yes No
Tesler App Free >200 Forex, Commodities Yes Yes
Infinity App Free N/A Forex, Futures, Commodities Yes Yes
TAI Robotic Free 250 Forex, Futures, Commodities Yes Yes
Freedom Circle Robot Free 150-300 Forex, Futures, Commodities Yes Yes
HBSwiss App Free 200 Forex, Futures, Commodities Yes Yes
Bitcoin Robot 2.0 n/a n/a n/a No No
DesertMillionaire Free N/A Forex, Commodities Yes No
30KChallenge Free 150-300 Forex, Futures, Commodities Yes Yes
Binary Robot 365 Free 150-300 Forex, Futures, Commodities Yes No
Bitcoin Code Free >200 Forex, Futures, Commodities Yes No
Crypto Robot 365 Free 150-300 Forex, Futures, Commodities Yes No
Fintech LTD Free >200 Forex, Futures, Commodities Yes No
BitcoinMillionaire Free N/A Forex, Futures, Commodities Yes No
Bitcoin Trader Free >200 Forex, Futures, Commodities Yes No
Maximus Edge Autobot Free >200 Forex, Futures, Commodities Yes No
The Crypto Genius Free >200 Forex, Futures, Commodities Yes No
The Bitcoin Method Free 250 CFD, Bitcoin No No
Ethereum Code Free >200 Forex, Futures, Commodities Yes No
Bitcoin Loophole n/a n/a n/a No No
Blazing Trader Free >200 Forex, Futures, Commodities Yes No
FXMasterBot n/a n/a n/a No No
Delta Tech n/a n/a n/a No No
Maximus CryptoBot n/a n/a n/a No No
Profit Wizard Pro n/a n/a n/a No No
Bitcoin Focus Group Free 200 CFD, Bitcoin Yes No
Postero Free N/A cryptocurrencies No No
CryptoTrader n/a n/a n/a Yes Yes
CryptoUnlocked Free >200 Cryptocurrencies, Bitcoin No No
CryptoSoft Free >200 Cryptocurrencies, Bitcoin No No
Huber Free >200 Cryptocurrencies, Bitcoin No No
50K a Week Free >150 CFD, Options No No
Crypto Dukes Free >200 Cryptocurrencies, Bitcoin No No
CentoBot Free >200 Cryptocurrencies, Bitcoin No No
BinBot Pro Free* >200 Forex, CFD No No
BitcoinsWealth Free* >250 Cryptocurrencies, Bitcoin No No
Cryptocurrency Institute Free* >250 Cryptocurrencies, Bitcoin No No
iMarketsLive Free* >200 Forex, CFD, Cryptos No No
Gunbot Free* >150 Cryptocurrencies, Bitcoin No No
The Inside Trader Free* >100 CFD, Forex, Bitcoin Yes No
Bitcoins Wealth Club Free* n/a n/a No No

Binary Options Signals List 2020

In Binary Options, CFD and Crypto trading, trading signals refer to suggestions made by experts or automated robots specializing in Binary Options trading. Therefore, trading signals are trade recommendations made by analysts after their assessment of the market and the identification of certain opportunities. Trading signals are more likely to expire in the money as traders who suggest them have years of experience in the trading field. Therefore, with trading signals, you can achieve an increase in the overall return on investment. While using trading signals you must take into consideration certain factors in order to make the signal work.

One of these factors is time. A Binary Option trade needs to be placed at the right time; immediately after receiving the signal from your signal provider. After all, a good signal has no value if it is executed later because market conditions can change very rapidly and that might invalidate a signal. This is quite important as a Binary Option and CFD usually expires within a very short period. Therefore, traders have to be very fast in buying the right options.

Example of a Binary Options Signal

Asset: EUR/USD = 1.150

The trade: Call Option

Expiry time: End of the day

When: on a daily close above 1.150

Are Binary Options Trading Signals a Scam?

Overall, good signals could, in fact, provide great opportunities for new and advanced traders. The problem is; it can be an opportunity, but it is also a risk. There are indeed good signal providers, but many crooks are offering fake trading signals. I truly hope we’ll see more legitimate signal providers in the near future. If I was a newbie, I wouldn’t pay more than 60 to 80 dollars a month for such signals. Also, I wouldn’t rely solely on these signals. I would first practice strategies, learn my game, use good judgment and turn to forums and professional sources for advice.

Trading Signals Providers

Signals and signal service providers fall into two categories; those that suck and those that don’t suck. And just because the type of SSP you choose may fall into the general category of not sucking doesn’t mean that it doesn’t suck. You have to be careful with signals and understand them for what they are. Some are tips, actionable advice that you can follow through if you so desire. These tips are a great way to find possible trading opportunities that you might otherwise miss. Other types of SSPs are automated services aimed at taking the risk out of trading. They claim that by automatically following their trades you can make profits. These types of signals are not so great. You should never blindly follow any tip, signal or service. If you need someone to trade for you then you don’t need to be trading binary or any kind of option.

There are several Binary options trading signals available in the market. Most perform this service online, therefore, you can access them from the comfort of your home. Some will provide you with trading signals in exchange for a monthly subscription fee for this service. After choosing the most suitable Broker for you, only then you can start looking for your right signals provider.

Monthly subscription fees often range around 30 to 200 dollars (in accordance with the number and the quality of signals given by the suppliers). This is indeed a small price to pay to increase your returns on your investments. However, the trading signals are not completely foolproof; they don’t always guarantee returns. According to an analysis by various experts, it came out that the trading signals could increase your level of returns by up to 60%.

To be on the safe side, check on their past trading signals achievements to determine how accurate the providers are at predicting market trends. Professional Trading signal providers strive to hand out only accurate signals in order to maintain their customer loyalty. Some Binary Options signal providers have become more prominent and reliable than others, yet one must be aware of Binary Options signals scams. ThatSucks.com will continue to monitor and recommend only the trusted signal providers available.

Many trading signal services are offered on the market. Few of them are given free of charge and the remaining percentage is delivered to traders who have subscribed to their service. Subscribing to their service is the best way to guarantee that you will receive the best trading signals they have to offer. But as I stated numerous times already, some SSPs are bad for your wallet, either because they are straight up scams or because they are not as experienced as they would want you to believe. That’s why next we will give you 5 tips to help you avoid the “bad apples” of the signal service industry.

4 Things You Need to Know in Order to Avoid Signal Service Providers Scams

1. Always Know What You Are Getting

There are a lot of different types of signal service providers. Things like newsletters, blogs and forums are great. These are a basic form of SSP, usually free and offer a wealth of knowledge and experience for traders to take advantage of. I read several different newsletters each week as part of my routine. A step up from newsletters is the dedicated signal providers. These guys, some free some not but all with a cost, in the end, provide signals you are intended to follow. Some make it easy with auto-trading, others force you to keep up with them on your own. Still, others install software on your computer that tracks the markets and can even make trading decisions for you. Because there are so many types of signal providers out there, you have to know exactly what yours does: if you sign up for a newsletter, don’t expect it to put trades for you (duh!). If you sign to a manual signal service, make sure you are in front of your computer, ready to put on trades when you receive a signal. If it’s an automatic signal service, make sure you monitor it constantly.

2. Paid Versus Free Services

When a service asks you for money, a credit card number or even just your basic personal information you need to take a step back and decide if it is really worth it. Free Signal services are one thing. You can take it or leave it as you want with no worries (… almost no worries, but more on that later). When you pay for a service there is a higher expectation of profits. If you choose to use a paid service be sure to pick a trusted source. There are a lot of chances to get scammed on the internet, especially with binary options. Getting scammed sucks. You need to know what the motives are that drive the website. And you need to be aware of another thing too: some paid signal services offer you a free trial. Being free, it costs 0.00$ but in order to sign up, you still need to give them your e-wallet account or credit card details. Don’t worry, they won’t charge you anything… but once the trial period is over you will be charged the full fee of the service if you don’t cancel your subscription and remove your CC from their website. This information is usually given to you in very small letters, somewhere at the bottom of the page (they are required by law to provide it but of course they don’t want it to be easily seen). So the advice is: if you subscribe to a free trial for signal service, make sure you cancel the subscription once the trial period is over.

3. Robots are Scary

Auto trading is an attractive feature of some Signal Providers and robots Auto trading is an attractive feature of some Signal Providers and robots are an extension of this. The scary thing is that you have to download software onto your computer. The software will take control of your trading account and enter trades based on signals provided by the parent company. This is completely nuts to me. It’s like downloading a virus onto your computer on purpose! Robots and auto-traders only increase your risk in my opinion. You have all the risk of trading plus you are letting someone else make your trading decisions. The scariest part is that a computer program is in charge and you know what happens when a computer program goes out of control… “Dave, this is HAL…”.

There’s another major issue that we need to talk about: auto-trading robots/apps have been around for quite a while now, they are nothing new, but out that massive horde, is there at least one that performs decently? And by “decently” I mean: does it make at least a small amount of profit every month? Forget about what they promise (thousands and thousands of dollars every day/month), and just point me to a single one that makes a profit every month. I bet you can’t… because there isn’t one. At least not one that I know of.

4. Don’t be Lazy or Stupid

Learn to trade for yourself. Binary options are a speculative instrument, if you want to get involved you need to do it yourself. Take the time to learn about trading, the markets, and the economy and you will also learn something about yourself. Look, if you want signal providers, we’ve given you lots to choose from in our List of Binary Options Signals, but just because we’ve given you a list, it doesn’t mean we say it’s a good thing to trust signal providers completely. Ultimately you are your best signal provider but to become that, you need to learn first. Don’t be lazy and start reading our Binary Options Trading School.

Wrapping It Up

Overall, Binary Options Signal service providers are not all bad. Some are truly in the business of helping traders. Nevertheless, ThatSucks.com do not put much faith in this kind of trading. It is imperative that you learn to trade for yourself. You have to take responsibility for your own trading or you will never reach the profits that are available.

Search Signals

If you haven’t chosen your Binary Options broker yet, it’s time for you to go back and pick the right broker for you. No use in a signal without a broker, right? If you already did, it means you have already seen a flashy “Make Easy Money” sign somewhere around the web. Look it up right here.

Learn about Various Signal Provider

Do you even know what a binary options signal provider is? If the answer is NO, go back to school and learn more about it. If YES is your answer, get ready for the fun. There’re so many Signal Service Providers out there, read our reviews carefully and check twice on our forum.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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