When trading, signals will provide traders with a forecast of an asset that allows them to judge the asset’s behavior. There are signals for CALLS and PUTS that will allow traders to make money.
With so many signal providers offering professional trade suggestions and their own binary options strategies, it’s important to know what qualities a provider should have. Few signal providers will have all of the qualities listed below, but most will have a mix of qualities in their offering.
The following 8 qualities are what should be sought in a signal provider:
Traders should not be constrained to just one market. Some traders will want to trade on the U.S. market, and others on London markets. Always look into the markets that are provided in signals. If someone prefers trading in the London market but only receive U.S. updates, the provider is obviously not a good fit for their trading habits.
👉 ***Want to earn money with Bitcoin and other Cryptocurrencies without the pain and hassle of learning to trade from scratch? Imagine if you could trade and get regular results with profitable performance! Are you tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard-earned funds? If any of that rings true with you, then STOP EVERYTHING. ProfitFarmers is for you! With their software working as your Crypto Co-Pilot, YOU remain as the Pilot with total control over your money, 100% of the time. ProfitFarmers is a trading tool that combines artificial intelligence with the expertise of veteran traders to deliver high-probability trade plans right into your hands. There’s no need to spend hours trying to figure out what to trade! Thanks to their integration with Binance, the biggest cryptocurrency exchange worldwide, ProfitFarmers executes your trades from entry to exit, you just choose the trade signals you like, pick your entry price and then let your Co-pilot take over the rest of the journey. Stay informed about every step of your money-making journey through push-notifications on their mobile app. Now there’s no need to constantly worry about your ongoing trades, just let your Co-Pilot handle it for you! This could easily be the holy grail of trading tools. Forget paying a guru to trade for you and take a massive cut of what you earn. With ProfitFarmers there are absolutely NO COMMISSIONS OR FEES ON YOUR TRADES. 100% of what you earn is 100% yours to keep. Period. Last quarter, ProfitFarmers produced 1,357 trade plans, and more than 60% of them offered peak gains of over +8%. By joining ProfitFarmers, you’ll never be short on money-making opportunities. Still wondering if this is too good to be true? ProfitFarmers has a 100% Money-Back Guarantee if they don’t deliver profitable opportunities onto their platform. If you are ready to upgrade your trading game and instantly expose yourself to profitable trade opportunities, now is the time. Head to ProfitFarmers now to start trading the easier way, with your very own Crypto Co-Pilot.PS: ProfitFarmers is a Trading Tool. Your money ALWAYS remains in your Binance wallet, never on ProfitFarmers. 100% Verified and Recommended by Valforex.com.
The types of assets (as seen below) will also need to be considered. More market or market choices provides trades with more options to make money.
Some traders only want to deal with currencies. Others want to deal in stocks, and others want to deal in indexes. When signing up with a signal provider, ask about their underlying assets. If a trader only wants to deal in currencies, there are signal providers that offer this option.
New traders that are unsure of their preferred trading choice should pick a provider that offers an array of underlying assets.
However, advanced traders that only want to deal in currency, for example, will find a signal provider that only offers currencies to be the best option. Multiple currencies will be provided with nearly every signal provider.
Trades are all about accuracy. If signals are not accurate, traders are wasting their time – and money. There must be accuracy rates provided to users. These rates are the average, often updated frequently, that the signal provider has been correct with the signals they provide their subscribers.
If a provider does not provide accuracy rates, traders should run the other way.
Note: No one can offer 100% accuracy. Ideally, an accuracy rate of 70% or higher is preferred.
Binary options trading is about making timely trades. If a trader has to wait too long, they’ll:
Real-time signals are a must. Real-time should be within a 5 minute window of a signal being made by the provider. If a provider doesn’t send timely signals, there’s no way they can maintain a high accuracy rate across the board.
Using the right signal delivery method, a subscriber should receive their signal within a few minutes at most. Always ask about the time between signal creation and delivery before signing up for a provider.
There are so many signal delivery methods that traders need to consider. What method works best? It’s truly a personal preference. Some users prefer dashboard delivery, while others may prefer SMS.
Knowing the delivery method that a provider offers is essential to success. There are three common methods of delivery:
Many providers will offer a mix of signal deliveries. For accuracy purposes, dashboards are recommended. However, for the busy trader that may not be on the computer at all times, SMS is definitely a strong alternative.
A binary options signal provider must clearly display their signal frequency. This is the amount of times, per day, that signals will be sent to traders. This is always an estimate. Some days, trading will provide 100 signals, and other days, activity is much slower.
What frequency should be expected?
This is a good question. Frequency is only good when accuracy is upheld. It’s better to receive 12 good signals with 80% accuracy than 100 signals with 60% accuracy. With that said, a lot of signal providers will offer up to 100 signals per day. More signals means that there is more opportunity to make profitable trades.
If signal frequency is not clearly listed, traders should avoid the company.
A good binary options signal provider will use algorithms that incorporate strategies developed by professional traders. These algorithms take risks into account and are frequently updated to improve accuracy in an ever-changing market.
When indicators are developed by experienced professionals, users can rest assured that the information they receive is provided by experts who know and understand how the market works.
These experts know what to look for – and what indicators may make a trade risky.
An active development team should provide new strategies and indicators into their platform to ensure accurate signal suggestion.
Reputable signal providers will also provide accuracy reports to users. These reports demonstrate whether the provider’s signals were spot-on, or completely off. Accuracy reports do more than demonstrate a provider’s competency. They also offer a unique opportunity for the provider to improve its algorithms. Of course, signal providers with impeccable accuracy can also use these reports as proof of results.
When a company is willing to share these reports, be it good or bad, it demonstrates that they take a transparent approach to business. It also shows that the provider is not afraid to admit their mistakes and will take steps to continue improving their service.
Some providers will even provide past and current (often daily) reports. This allows users to see how the current signals are performing.
Will all providers have all of these qualities? No. Some will only focus on one market – this isn’t a bad thing – and others will provide different methods of signal delivery. The most important quality or metric that a provider can have is accuracy. With accuracy, a trader will be able to make a smart, profitable trade while keeping risks low. This is what every trader wants with their signals.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity. All trademarks, images and logos that appear on this site are copyrights of their respective owners and have been used under the Act of Fair Use.