When the binary option industry started back in 2011, the only signals traders used where Forex or Stock Market related signals.
Now there are many vendors selling signals specifically for the binary options. There are signal providers who will send SMS or email alerts to their subscribers, and there are auto trading signal providers.
Auto trading signal providers basically are an algorithm attached to your binary option brokerage account and the signal system places trades on your behalf. This can be extremely risky and dangerous. View the latest signal providers here.
Binary Option Brokers Offering Trading Signals
The BinaryOptionRobot is the most popular & free software that works with 8 different brokers. Their automated trading system gives traders the ability to control which assets are traded and which signal sources to use, read more.
GOptions created an auto trading signal generator called Signal Index, see here. They are unique in that the trader can choose which trader to follow. There are many systems to choose from and traders can see the historical trading performance of the various traders. The system is free once you register at GOptions. Read a more details review here.
Are Binary Option Trading Signals Legit?
That is very difficult to determine. One signal providers writes this disclaimer on their site; “SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING”. What they are saying is that their results are completely bogus and made up!
You have other providers who advertise their trading results by only selecting the winning trades and not showing the losing trades. Then there are brokers who send ten or twenty alerts a day and it is up to the trader to pick which signal they should trade upon. This leaves the traders again picking his trades, just with influence from a signal service. Professional traders have used squawk boxes for many years, but a squawk box is basically a traders news service, not a signal provider. There are many traders who post their trade alerts on StockTwits.
Stand Alone Signal Providers
Binary Option Pro Signals – This signal provider has a very nice looking website, much different from the others, see here. They are a signal provider that charges $14 for the first 2 weeks and then $97 a month, read more.
Other binary signals software go by the name of; The Real Midas Touch, Binary Boom, Elite Trader App, Project95, Binary Stealth, Auto Robot Trading System, and more.
Read this about trading robots, and secret software you saw an advertisement about.