Free Signals for Binary Options
To earn on the binary market, it is not necessary to spend time making forecasts, analyzing the market, creating one’s own strategy, and studying macroeconomic indicators. Instead, specialized services engage in the collection of all factors that can influence price movements, commonly referred to as “binary options signals”.
Contents
Signals can be provided on a paid and free basis, but regardless of the format, their use is appropriate only in two cases:
- To check the exit point on the selected trading strategy (This is especially true for traders who are making their first steps in the binary options market).
- For full-fledged trading, replace this service with all existing types of analysis.
After reading this article, you will know what free signals for binary options exist (we will consider only popular types), where to find them, and how to apply them in practice.
Six Second Trades
This type of signal is embodied in an indicator with the same name which is designed to work with minute charts. During the testing period, Six Second Trades showed the best results on the euro/dollar pair, so it is logical that the author gives preference to it.
To start working, a trader only needs to perform the following actions:
- download Six Trades and add it to the terminal MetaTrader;
- choose a broker and access the binary chart;
- wait for the signal in Metatrader: green point – the moment for buying; red – for selling;
- go to the binary chart and open a position.
The main drawback of this tool is that it is packed in the form of an indicator and is not suitable for live charts. Therefore, its algorithm can only be used by traders who choose currency as an asset.
Free Pocket Option Signals
Trade with confidence with free signals and get the opportunity to trade profitably with tools from professional Pocket Option traders!
ZigZagger 2.0
This is another indicator that is convenient to use as a signal system. It works on the same principle as Six Trades:
- A trader downloads the tool.
- A trader waits for the signal (buy – blue arrow; sell – red).
- A trader conducts a buy/sell option transaction.
The convenience of the ZigZagger 2.0 is that the user does not need to wait for a signal near the monitor. It is enough to turn up the volume and leave the computer in operating mode. When a suitable entry point is formed, an alter (dialog box), with instructions for further actions (drop/sell), will be displayed with an audio accompaniment.
A trader has to agree with the recommendations and enter the market (or leave the signal unattended). Download ZigZagger 2.0 and see its detailed review here.
Technical Analysis and Investment Ideas on Pocket Option
Analysts of the Pocket Option broker conduct daily market assessments and make forecasts concerning the future behavior of popular assets. The trader needs to follow the updates and react to them in due time (read more about this type of binary signal here). Let’s see in a real example how it works.
PocketOption broker offered the following investment idea:
- The currency pair dollar/yen showed a sharp jump, which may be the basis of a future uptrend. The assumption is supported by a complex of fundamental events affecting the movement of the asset.
«STOCH» System
The Stochastic Oscillator (STOCH) system is an algorithm designed to provide free trading signals without relying on external advice or analytics. Before using the system, traders should thoroughly review the instructions and any attached recommendations (you can check them here).
While «STOCH» is a comprehensive trading strategy, it may require a significant investment of time that not every user can afford. However, this approach enhances confidence in the signals received, as traders can independently verify them.
Important! When studying the system “STOCH”, pay special attention to the recommended expiration dates and rules of the money management.
You met only part of the free signals (more options see here), which can be used in the binary options market. However, based on the information already received, one can make certain conclusions about this service.
Free Signals for Binary Options | |
Benefits | Disadvantages |
Assist in making trading decisions | They give errors |
Saves time on market analysis | Do not always take into account the output of fundamental events |
Requires no financial investment | They are not always published in time, which prevents you from using the right moment to enter a position |
Can completely replace a trading strategy | Are not always able to reinforce the chosen method of earning (sometimes additional information postpones a favorable time to enter the position) |
What you can do right away:
- Think about how to put free signals for binary options into practice (check entry points or trade).
- Add the website revieweek.com to bookmark and get a detailed look at the features of the service you like.
- Choose a broker and start earning with free signals.