Just as many foreign currency exchange brokers and companies offer forex signals designed to notify investors of potential opportunities to enter or exit trades, traders can now receive binary options trading signals as well.
Binary options signals are alerts sent to notify traders and investors of potential setups for digital options, which are issued on the value of underlying assets such as commodities, forex, indices and/or stocks.
In this article, we will profile one website’s service – Digital Options Signals – which offers to provide binary options signals to those who subscribe and claims a 75% success rate on average.
How do binary options signals work?
A signal is an alert that is sent via e-mail, SMS, or a phone call. The signal gives the person subscribed to the service precious data and advice on potential trading opportunities that may occur in the near future and advises the traders on how to best capitalize on these opportunities.
Signals can help both traders who don’t have enough time to properly analyze the markets on their own or investors who are looking for all the advice they can get in order to help grow their portfolios.
Services such as Options Signals propose to help you save your time and your money by relying on their algorithms and research in order to present you with potential binary option trading opportunities. Digital Options Signals services claims to have a success rate of 75% on average, which is an attractive rate of success compared to the one in two chances one normally has of earning money with standard binary options. However, keep in mind that past performance is not indicative of future results. It’s important to keep a close eye on what trades you’re making and why in order to maintain a positive balance in your trading account.
Here is a look at Digital Options Signals’ most recent signals and the trading outcomes:
Are binary options signals for you?
All in all, the answer to this question depends of the type of trader you are. If you truly believe that you already have all the knowledge you need and totally understand the current market tendencies, then digital options signals might not be useful to you. However, if you could use another informed opinion on the markets or tips on when and how to trade binary options, then investing in a binary options signals provider could be the right thing to do.
How do you subscribe?
If you’re at all interested in binary options signals, you can subscribe to a signals provider. Some broker also offers free trading signals.
We have not personally tested the signals ourselves so let us know your thoughts on their service if you do.
Also, we noticed recently that binary options broker Quotex is currently offering free binary option trading signals. If you open a Quotex (Click here to read our review of this broker) account and start trading, you will receive free trading signals for Digital Options trading.