Free Binary Options Signals – Are They Really Free – Winatbinaryoptions.com

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Free Binary Options Signals – Are They Really Free?

There is a saying that if something good is for free, then it can’t be that good. Free binary options signals is no exception, however there are a few legitimate ways to receive quality signals for free.

Today, in the age of aggressive technological progress we are often bombarded by a multitude of products and services for free. However, as we all know, these so called freebies always have a catch.

There are five major promotional tools that push the offer of free binary option signals online:

  1. Free automated signals offered to users via a trading robot
  2. Free signals when users join a specific broker
  3. Free signals by self-proclaimed ‘trading gurus’
  4. Trading indicators with free signals
  5. Free signals provided on social trading platforms

In many cases all three promotional setups and methods ultimately lead to the same purpose, to get the users to sign up to a specific broker.

Binary brokers spend a lot of money on various promotional tools to get as many people trading on their platform as possible. Running this blog we also get offers from many binary options brokers who want a platform to advertise their service.

Free signals offered for users if they subscribe to auto-trading

There are many binary options trading robots available online. They are often being marketed as free signals. Most of the binary options robots are free to sign up, however as trading requires to deposit money with a binary broker, many free trading robots force users to sign up to a specific broker. Sometimes the user is offered a few brokers to choose from within their trading robot system.

One of the reasons the trading robot signals are offered for free is because with each new user sign up the trading robot owners will be paid commission from each user and also a percentage from his/her additional deposits. Most brokers pay about $200-400 per each new qualified user (a client that deposits money), so 50 new users per month will make 10.000-20,000.

Letting a robot trade your account using fully automated signals can be extremely risky, but there is a lot of people who will argue the case for automated trading. They claim it as trading with no human emotion, which can be quite effective but it works much better in Forex trading which allows greater risk control and stop losses.

Too many people heard of high-frequency trading by robots and AI that is used in Forex on daily basis and they assume this is very similar. However, this type of automated binary options signalling service has nothing to do with high-frequency trading capabilities.

In HFT companies use very expensive and complex AI systems and computers directly connected to the markets, this is not the case with any binary option broker or any binary option robot.

Free signals when users join a binary broker

Many brokers have realized the potential of acquiring new clients by offering them a binary options signal service. Usually they guarantee a certain percentage of wins. It used to be that these signals were issued by the actual brokers themselves, but now the signal services offered by brokers are provided by a third party company or professional freelance traders.

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This makes the system a little bit more neutral because there seems to be no conflict of interest. Remember that when you trade binary options you essentially trade against your broker and other traders. For this reason some brokers have recently closed free signals offers in exchange for other incentives.

If you find a broker that still offers a free signalling service, remember that just as we mentioned in the beginning of this article, nothing is for free. The idea is that when you sign up to a signal service with a particular broker you will trade on the signals.

The more you trade the more money the broker is able to make. It’s that simple. Although those free binary options signals might achieve a certain rate, reaching that level in a live environment is seldom possible due to server delays, late entries, or other aspects.

Free signals by self-proclaimed ‘trading gurus’

There are also many traders who offer free binary options trading signals to their subscribers. The reason they are free is the same as in the previous example. The subscription emails include offers to various brokers or one specific broker the ‘trading guru’ is affiliated with and gets a commission from them for each new sign up.

Alternatively there might be a different catch such as premium signalling service for which you need to pay a monthly subscription fee. So the free signals will be quite poor but the premium, subscription based signals will be much more accurate.

The free binary option signals offered by a ‘trading guru’ usually also include guidance, trading advice, as well as other information. Subscribing to this type of service is actually least invasive of all three. Usually it only involves giving out your name and email, as oppose to your mailing address and credit card.

Although this type of service might actually work well and be very informative, many of the ‘trading gurus’ take the easiest way out and send signals that are actually fully automated.

They usually use custom indicators to construct a free binary options signalling service. One of the most widely advertised free signals are John Anthony’s which supposedly are completely free. But let’s have a look at the most recent 18 trades based on those signals.

As you can see in the above screenshot out of 18 trades the signals were correct only 9 times, that’s a 50% success rate.

With this type of winning rate you would lose money. To understand the advantage that is necessary to win at binary options please read our post on whether it’s possible to make money in binary options.

50% of wins is never enough to win at binary options, regardless of which binary broker you use. 50% of wins will eventually drain your account.

So despite the fact that John Anthony’s signals are completely free, what use are they if you lose money on them? The only way to use such signals is for reference only, they are not to be traded on.

An experienced trader who receives such a signal should take a very good look at the charts and decide, using his or her market and analytical expertise to confirm each signal.

But if you at this level of trading, you don’t need to use an external signalling service. You can create your own signals.

So who subscribes to these type of signals?

Unfortunately, the people who subscribe most to such binary options signals are usually those who fall for the marketing and the empty promises of the people who run the signalling service.

Those who subscribe to such services don’t confirm any of the signals, they just trade on them. Unfortunately, more often than not, the end result is that they lose money.

Free signals using quality indicators and advisers

Another way to obtain free signals is via a trading indicator for MT4/MT5 or other trading software. Indicators are simply trading algorithms that are programmed for a specific trading platform such as MetaTrader. These platforms are free of charge and can be downloaded online and installed on your computer and used completely free of charge.

By default they come with the most common indicators, such as Moving Average , Commodity Channel Index, Volumes, etc. but there are thousands of custom indicators that are designed to do a lot more than the available indicators.

Custom indicators are usually built with a few indicators and their main use is to find trading opportunities and produce alerts. These trading signals can be visible on the chart, issue a pop up alert, or even send an email or text message to your phone alerting you of a trading opportunity.

There are thousands of free and paid technical indicators and Expert Advisers available for the MT4 trading platform.

Unfortunately, free indicators rarely include technical support and have limited features.

If you would like to give it a go with a free indicator to see how it works, you can use our Free BinaryViper MT4 indicator with signals.

In order to receive free signals via push notifications, SMS, or email, your MT4 trading platform will require additional configuration.

This whole experience of downloading, installing, and configuring the platform and the indicators or EA can get a bit technical and time consuming, so perhaps it’s not ideal for everyone.

There are many free custom indicators but there are also many paid ones also that often include support and whose coding is usually written to a much higher standard.

One of the best features of MetaTrader is that it has it’s own programming language (MQL4) and it can run automated trading strategies, known as Expert Advisers (EAs) that can be backtested and issue trading signals as push notifications, emails, or text messages.

Advisers can contain a number of indicators and specific trading rules. In fact, many of the binary options trading signal providers use Meta Trader Expert Advisers for technical analysis and signals issuing. This is nothing new.

This option of getting free trading signals via the MetaTrader platform obviously has a big learning curve. And in order to get high quality signals, your EAs or indicators must be very well configured and backtested. This will take a lot of time, especially if you’ve never done it before or you don’t know much about technical analysis and trading.

Luckily, there is another, easier option. It’s called social trading.

Free signals using social trading apps

Recently the newest attraction for the retail trader is the concept of social trading and copy trading. The idea is quite simple and most binary brokers today also offer some type of social trading feature. One of the most common ones is the percentage bar of buyer/seller preference on a given asset.

Etoro is the most innovative social trading broker in the world. It is also fully regulated in the EU, UK, and Australia.

They simply took social trading to another level. They built their entire online platform for a large community of traders to exchange ideas and copy trades of the best traders. Etoro is by far the biggest player in the social trading scene and it boasts millions of traders around the world.

When you sign up to their platform you will be able to search active traders and seek out the most successful ones based on the complex metrics of the system. Then, using the eToro’s copy trading feature you will be able to copy their account and their future trades.

In addition to standard Forex, the eToro social network also offers the possibility to trade many company stocks, indexes and cryptocurrencies. The company has been on the market since 2006 and it is the largest and most innovative social trading platform in the world.

There you can get free trading signals and trade suggestions and automatically copy the best-performing traders. You can also follow chart analysis and trading ideas for each asset as they are freely shared by traders on the network.

eTORO also offers various hands-off funds management. There are many funds to choose from, for example technology fund (Alphabet, Facebook, Amazon, etc.), energy sector fund, game companies fund, cryptocurrencies fund, etc.. The only caveat is that to join any particular fund, you need to deposit minimum $5000 into it. These funds are managed by professional traders.

There are other binary and CFD brokers that offer social trading features but eToro is by far the biggest and the most popular one.

Remember, stay safe and test all signals on a demo account first!

Binary Options: Signals, Strategies, Reviews

Trading and/or betting on financial markets is mostly a numbers game, but it also requires a lot of discipline, patience, and self control. Trading binary options, CFDs, and Forex involves a very high degree of risk.

Here are some links to the most popular pages on Winatbinaryoptions.com. If you are venturing into the world of financial trading of binary options, CFDs, Forex or stocks, you will find a lot of useful and unbiased information on these pages.

Learn about binary options trading

Educating yourself about binary options trading will be the key to your success as a trader. If you’re venturing into this type of activity, you should learn as much as possible about trading and binary options as an investment vehicle. We try to bring some of this knowledge to light with free strategies and educational articles.

Please visit our Binary options education section to learn more about the industry and what it takes to become a successful binary options trader.

Binary options signals reviews

Professional binary options signals will give you the necessary edge that can make you a winning trader without a lot of effort or market knowledge on your part.

If you are not a trader or simply don’t have the time to do your own technical analysis, your best alternative is to use professional trading signals that will help you win in binary options.

To find the right binary options trading signal or strategy, please refer to our reviews of top binary options signals providers.

We try to review as many binary signals providers as possible, but we tend to focus only on the ones that have been in operation at least a couple of years.

Testing various signalling services involves research and a lot of attention to detail. We examine each company individually. We look at its business model, user feedback and reviews, length of operation, and last, but not least, the quality of the binary signals.

Here are a few direct links to our reviews of some of the most popular binary options signal providers for 2020.

Free trading strategies for binary options

If you’re looking for information on how to trade short term binary options using technical or fundamental analysis than visit our Free Strategies section. These binary options trading strategies, written by active traders, will help you to become a better trader. Strategies are designed for beginners, as well as, intermediate traders. Feel free to add your analysis, opinions and comments.

Binary Options Trading – Free Strategies

Free strategies and indicators that can be used in binary options trading. If you are a binary trader and would like to share your own strategy please email it to info (at) winatbinaryoptions.com including chart snapshots and full description.

Trading Binary Options To Trump’s Twitter Feed

Most institutional traders are now required to watch Trump’s Twitter feed very closely. The reason is that his comments, contained in short and often quite direct tweets, have the power to move the markets as they often do.

How to Trade Binary Options Using Pin Bars

There are numerous strategies that seem to work better than others. Beginner traders will often try many trading strategies before adopting one that works best for them. This is true for Forex, as well as Binary Options.

Trading Binary Options with Price Action and Trendlines

When trading binary options, it is good to have a lot of clarity in order to know how to pick the correct conditions for placing or exiting new trades.

Using price action and following the general trend helps traders profit more often by just keeping things simple and straightforward.

Heiken Ashi Binary Options Strategy

The Heiken Ashi binary options strategy involves the use of the Heiken Ashi candlestick indicator, as well as, the MACD indicator.

Pivot Point-Cloud Strategy for Binary Options

This binary options strategy will use pivot points and the Ichimoku Kinko Hyo (the cloud indicator) as the main indicators for the strategy. The pivot points used are the weekly pivot points, which are plotted by a custom indicator known as the Auto Pivot Plotter Weekly V1-00.

TK Cross Binary Options Strategy Using Ichimoku Hyo Indicator

This is another strategy for trading the Call/Put binary options contract, and involves the use of the Ichimoku Kinko Hyo indicator. As discussed in a previous strategy, this indicator consists of several components, each of which can be used in different ways to create different trade strategies.

Time Zone Breakout Strategy Using MT5 Indicators

The Time Zone Breakout strategy for binary options is traded at the open of the London and New York time zones, which is when trading activity in the financial markets is at its heaviest.

This trade setup can thus be traded twice a day.

Buy/Sell Channel Strategy for Binary Options

As has been described in a previous article, channels are formed when trend lines that are parallel to each other are used to connect the highs and lows of the price action on any asset.

Price Channel Breakout Strategy for Binary Options

A price channel is formed when a trend line connecting the highs and another trend line connecting the lows of candlestick price action can be seen to be parallel to each other. Price will stay within these boundaries until such a time when the price breaks either of the two trend lines as a result of strong market forces.

Trading Binary Options to News Releases and Events

News events are a major factor in determining market direction in any financial market, and binary options trading is no exception.

Trading the 1-2-3 Reversal Pattern Using the Fibonacci Tool

The 1-2-3 pattern is a commonly traded pattern in forex, used to trade market reversals. The truth is that this pattern can be applied to trade other assets as well, and so it will find application in the binary options market in a variety of ways. These will be demonstrated in this article.

Free MT4 Indicators For Trading Binary Options – PART 1

If you trade binary options using Meta Trader 4 terminal, then this article is for you.

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Binary Options Trading School
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