Recently, we have written a review article on the topic of signals for binary options in this article we will talk about one of the types of signals, namely, how to get them for free!
Currently, the Internet offers many resources that offer free signals you can use for trading binary options. It is necessary to visit the site, where there will be different tables. Before the name of the asset, usually, the currency pair is the price. In addition, there are recommendations for the sale. It seems that everything is elementary, but should I trust these free signals.
The essence of free signals
Analyzing the quality of the trading signals that are offered free of charge, it is necessary to understand what they actually need. In simple words, a signal is someone else’s decision about the opening time of a trade transaction, it closes. This may be profit or loss.
We are talking about opinion, which formulates a certain trader or a software application, programmed with necessary algorithms. Everything, in this case, depends on you whether you will entrust your money to a stranger, which, moreover, can be a regular program?
Where are the free signals
There are three schemes for which there are such signals.
First of all, they can give the trader. This is done to attract attention to yourself, in order then to make a profit on such signals. You can consider this option the best, as such “altruism” has a purpose. The trader uses statistics and its main goal is the profitability of trading through which he can count on new clients.
Further, the signals can generate broker options. You can call this option the opportunity to experience the service of the company. Of course, the broker is not interested to merge all your Deposit. Signals usually provide full-time traders, using a certain strategy at work. Most likely, after the winnings will be losses, and so on. The fact that a key purpose of these signals is the is the shopping process.
Finally, there are advertising sites where you can get free signals. If we are not talking about traders and brokerage resources, the page will describe how to obtain the money for these shopping process. The bottom will be signs that provide recommendations on selling and buying. As a rule, informers from large areas. And at the bottom should be “read”. The basis of such signals — readings free indicators for processing which uses a simple algorithm to identify the trend. Count on some statistics, in this case, is naive. Use of such signals is silly.
Where to get signal
Open a dedicated resource in the section of trading strategies. There you can choose the option that is best for you. It is recommended to pay attention to the one where there is marked “simple”. Now you can download the indicators in the terminal, put the pattern on the chart of the asset, and follow the rules of the strategy that deals with the formation signals. There is no doubt that free high-quality signals can be formed only on their own.