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.
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.
So is it worth paying for a Binary Option Signal Service? Probably not.
Auto Trading Robots
Option Robot Pro is a professional automated trading robot software that works with licensed binary options brokers. The software has many options for a trader to configure, plus they offer reverse trading, see here.
Read this article all about the trading robots, and secret software you saw an advertisement about.