Getting confused about Binary Options Signals? Well, do not get confused. It is very easy to understand. First of all, the thing to keep in mind is that what are binary options signals actually all about? Now, not making it complicated, for an easy understanding, binary option signals are some sort of indicators, notifying you about the profitable financial assets to invest your money and trade in.
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BINARY OPTIONS SIGNALS SERVICE
Association of binary options signals with binary options trading has become so obvious, that a number of signal service providers are popping up with best services for the traders. You have to get registered to them in order to get signals from the service providers. You will pay monthly subscriptions fees every month for the service to be continued each month.
HOW MANY SIGNALS YOU GET?
You will get 10 or more signals per day. The amount of signals received depends on how many binary options signals your signal service provider has done an agreement to provide you.
FORMAT OF BINARY OPTIONS SIGNALS
The binary options signal is in a very easy format. It usually comprises of 4 main things; Asset’s name, Type of Option (Call/Put), Expiration time and Reliability.
There are different types of assets for trading. It includes currency, stocks, commodities, real estate. Asset Name tells you about which asset to trade in. For Example: ‘Gold’, so you will use this signal for gold trading.
Type of option:
The option that you have to choose, whether ‘call’ or ‘put’ will be specified by the service provider. For Example: In ‘Gold’ trading you have to select ‘Put’.
The time in minutes or hours will be mentioned here. For Example: 5 minutes. It means you have to quickly take action before the expiration time of that particular trade. The point to consider here is that 5 minutes of time starts from the time you got the signal from service provider. For Example: If you received a signal at 9:15 A.M and the expiration time mentioned here is 5 minutes. So, you have to trade within these 5 minutes before 9:20 A.M., because at 9:20 A.M the trade on that asset will be closed and your signal will be no more of any use.
Here reliability means it is the reliability of signal provided for the trade. It will tell you about the probability of the signal accuracy. It gives you the trust to risk your money or not. It also indicates that how much a signal service provider himself is assured about the signal he provided.
HOW LONGER THE BINARY OPTIONS SIGNALS WORK?
As I discussed under the heading ‘Expiration Time’, the time mentioned under expiration time is the time your particular signal will work for you. The countdown starts from the time you get your signal. However, all signals expire at different times mentioned by your service provider. The expiration time period varies from 5 minutes to 24 hours, different for every signal.