How Binary Signals Reach Traders

Binary options are a revolutionary way of earning in the financial markets, which is very straightforward, quick, and extremely lucrative. You probably know what financial markets are venues where currencies, such as the dollar, the euro, or the pound, are traded 24/7, i.e., with no breaks or days off whatsoever.

What are the Signals For Binary Options?

Binary options signals are market-related alerts provided by a company, a third party, or an experienced trader. The messages are sent to traders in the same market who are less experienced or who do not have the time or the chance to analyze the markets by themselves. Unlike managed accounts where the provider trades directly to the report, the signals must be interpreted by the binary options trader and the decision is up to him to follow these recommendations or not.

Distribution methods

For binary options signals to reach the traders, they must be sent by the provider quickly, using an instantaneous communication method with no possibility of a delay. For binary option signals, each pip is essential, and order placed slightly late can make the difference between profit and loss.

The following distribution methods have emerged over time to distribute alerts to traders enrolled in signal services.

·         SMS

In these cases, providers send alerts using text messages. This method is fast and instantaneous. One of the changes to this system is the notification for smartphones. This method requires a phone number (for SMS) or an app receiving alerts (for smartphones). The disadvantage is that sometimes, network providers may have problems that lead to delays. Aside from these exceptions, this system is ideal, and studies have shown that most people have more access to their phone in a day than their laptop or desktop.

·         Email

Emails are one of the first methods that have been used to distribute market signals. However, these often require access to a PC and the Internet. The trader sometimes does not have access to them, which can lead to problems preventing him from taking advantage of the distributed signals. Emails can also end up in the email provider’s spam box, causing losses for the trader. For this reason, emails are not the best method available for signal distribution.

·         Website

Some providers create a member-only area where signals are transmitted to connected users. Unless the signs have a large window of opportunity during which they can be used, this method is not very useful.

What do you think?

Written by Michael Curry

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