HOW TO USE BINARY OPTION SIGNALS

We have seen before that binary option signals are an integral part of modern-day binary options trading. If you have been using binary options as your preferred investment vehicle, you probably do appreciate that good signals normally translate directly into good returns. But for the newbie, or for the experienced trader who has not used signals before, it might sound like a difficult task using signals – but it really is not. In fact, from this piece, you will realize that getting and using signals makes trading binary options a lot easier and more fulfilling.

In this binary options signals review, we will provide a step by step guide to using binary options signals starting with signing up and understanding the trading interface of one of the most trusted signal software in the industry. You will also get to understand the basic rules of using signals at the end of this piece. Read on to find out all this and even more.

Step One: Sign Up

As in the case of nearly all new software products, the first step when it comes to using binary signals is to find a reliable signal source and sign up. In our case, we will explain the use of Heat Alerts, a highly-functional and decent binary options signal source. You should note that to sign up for the signals, you also are required to have a broker account ready. You can go through the recommended broker’s list on our website to find a suitable broker. Please note that most brokers require you to deposit the initial amount of about 250 USD to be able to access the trading area.

sign-up

Once you sign up on the signal software’s page, you will be required to sign into your broker account as well, so that it would enable you to implement signals directly without much hassle. Once you have done this, proceed to the next step.

Step Two: Understand the Signal Source Interface

Many signal providers have the same interfaces because they all serve the same purpose. In the case of the Heat Alerts, for example, you will notice that there is a Timer on the side which shows the estimated time left for signals to be updated. It is important to keep checking the timer because most – if not all – signals are only useful when still fresh. This means that you should implement your new signals as soon as you can if you are to make a kill in the market.

2-2

The other section shows the Signals, the timing of the signals and the direction of price movement that has been predicted. The Signal section shows you the symbol of the underlying asset to be predicted which can be a commodity or currency. There is also the Forecast direction section which in the case of binary options can be a CALL or PUT, and then the time the signal was generated and the expiration period typically between five minutes and an hour. On the extreme section of the interface, you will see the reliability bar of the signal. As already mentioned before, the hottest signals have the most returns and therefore should be acted upon in the quickest manner possible.

You may proceed to the next step if you have understood your interface so far. If you haven’t, or if you have a different interface, feel free to read the ‘How-to-Use’ widget of your particular product.

Step Three: Understand the Rules

There are a few basic rules about using binary options signals. The first rule is that you should use the signals within five minutes after receiving them. This is for one very important reason: timing. In a world of binary options where swiftness in acting is important, you should be among the first to trade when you get a good signal. Think of it as a manifestation of the proverbial ‘the early bird catches the worm’. If you use an old or aged signal, chances are the market will have already moved on and your results will be disappointing to say the least.

The second rule is to take advantage of the reliability bar. This is a section of the interface that directly displays the amount of risks involved, should you use a particular signal. The bar shows different colors for different levels of risk with green showing the safest trade – up to 82 percent winrate – and red being the riskiest. Some signals are high risk high reward, while others are low risk low reward. The smart thing to do is to balance between the risk and reward so that you do not lose your invested amount and you also do not get crappy returns.

Once you follow these rules to the latter, there is no reason at all to not make money in an industry full of money. Stray away from these rules and there is no guarantee that you will make money at all.

6

Step Four: Make Money!

Now that you fully understand the rules, and that you have figured out the source interface, the next logical step is to use this and make money. Log in to your signal platform and then to your broker platform where you will deposit the required deposit amounts as per broker requirements. Check your signal source, say Heat Alerts, for when new signals are updated, look to check reliability and swiftly implement them on your trading account. Once the expiry period ends, you will be rich and more importantly, happy.

7

From this it is clear that you do not even need to have any knowledge on binary options trading or specific asset classes. All you need to understand is how it all works and how you can make money from it. A complete newbie will still be able to use such signals and make money the same way experienced manual traders do.

CONCLUSION

It is evident from this binary options signals review that using binary options signals is easy. Having used one of the best binary options signal sources, the Heat Alerts, we have seen that it is not only simple even for newbies but also that it is freely accessible for anyone who is interested. Imagine that; best binary options signals completely for free and entirely simplified for you. We hope that now that you have learned how to use the signals, you will go ahead and test out your newly acquired knowledge and make good money. Happy investing!