Binary options signals are an intrinsic part of this kind of trading. Unfortunately, over the years, they’ve taken on a negative connotation. After all, for every one decent signal that lets you know when it’s time to take action, it seems like there are a hundred scammers trying to get you to pay them for signals that are obviously too good to be true. However, these two binary options signals for advanced traders we’re about to list are not only completely free, but speak for themselves. Once we explain why they’ll work, you’ll understand it’s the truth.
The Opening Bell Signal
One of the best parts about trading binary options is that you can see profits in basically any market. For example, while other traders tend to get overly-cautious when the market becomes volatile, experienced binary options traders are usually busy finding opportunities. In fact, volatile markets tend to be some of the best.
We’ll start our list of binary options signals with one that takes advantage of this type of market. The next time there’s a wild day on the market, check the futures market to see if tomorrow is going to open much higher. As index futures are trading all night, you can easily anticipate price direction.
If you notice the open is going to be much higher – I usually look for at least 1% – then it’s probably fair to assume that there will be a strong surge in prices right off the bat.
Also Read: What to Look for in a Binary Options Platform
You can either try to get a call in right away to profit from the short-term surge that’s about to follow or wait until this initial increase dies out – which is pretty much always does – and then make your move. You can take an option for the short term or for as much as a day, depending on your preference.
Fading the Market
This is probably the best known of the binary options signals for advanced traders we’ll cover here. Nonetheless, it isn’t used nearly as much as it should be.
Fading the market is when the market suddenly takes a wild turn and begins surging upward. Sometimes this occurs during an uptrend, but that’s not always the case. Again, I look for at least a 1% upswing, but the bigger the better.
Once it hits a resistance level, you may see a small pullback the following day. If this happens during holiday trading or some non-trending time, you’ll most likely see the market pull back a lot harder in the days to come if not the next.
These conditions are perfect for placing bets. Ideally, you’ll do it during the high of the day, but if you miss it, getting one it at close should still turn a profit.
For best results, wait for strong resistance levels. What you don’t want to have happen is that the surge up is actually a trend that will last for days. That being said, the nice thing about binary options trading is how easy it is to hedge your investments. If you fade the market and it backfires, you now have the opportunity to benefit from this wild swing upward and make up your losses.
Start looking for opportunities to use these two binary options signals for advanced traders and soon your profit margins will prove their worth. Of course, in the beginning, you have to expect you’ll make some mistakes. Still, you need to always refine your collection of binary options signals. Small losses are just part of the process.
