Using signals for 60 binary options trading is the only way to be profitable. That being said, the signals you use and how you trade them makes a big difference. One thing that always needs to be considered is the lag time between when the signal generates, when you receive it and and when you are able to place the trade. I think it goes without saying that trading 60 second binary options is fast paced, so fast in fact that most signals from third party providers are old and out of date before you can place the trade.
60 second trading signals can work. They will produce profits, you just have to have to be quick enough to use them.
Copy Trading 60 Second Binary Options
The simplest way to get the quickest signals is to copy trade. Copy trading is when you follow another trader and have the trades they make for themselves execute in your account at the same time. While simple, copy trading is not easy, well, it’s not super easy. All you have to do is find some traders you like and follow them, and then keep track of how each one is doing and manage your account accordingly. Platforms I recommend are iFollow by SpotOption (numerous brokers), CopyOp by AnyOption, the Binary Replicator (now available at CTOption and Porter Finance) and the Trade4me.com social trading platform.
If I had to pick only one I would have to say that Trade4Me.com is the best of the copy trading platforms. It is a third party business that provides a platform for signal sellers and copy traders to interact. Sellers list their services along with full profiles showing trade style, history and performance. Copiers can choose the traders they like and subscribe to the services for a monthly fee. Fees are usually small, especially when compared to the profits you can make, and are easily recouped. Signals can be taken manually and used on any broker you like, you don’t have to sign up with a broker or make a deposit if you already have an account somewhere, or you can link a Stockpair account directly to the platform for automatic copy trading.
60 Second Binary Options Signals Trading
If you are not into copying and want to take signals on your own there are a couple of places to get them that I can also recommend. One is MarketsGear.com. MarketsGear is strictly a signal service, it is third party and not associated with any one broker. The service is free, but this means you will have to open a new account with one of their brokers.
This website delivers signals on just about every asset and for just about every time frame from 60 seconds to one hour. All you have to do is choose which ones to take and then stick with them. Their success rate runs in the range of 80% and they deliver hundreds of signals per day. Suggestions I have for trading them is to use only one time frame (in this case 60 seconds) and only one asset, whichever one you prefer, although I know some traders quick enough to trade to several assets at once.
Another source of fast signals for 60 second trading is V8Options, built on the Tradesmarter Platform. This broker has several unique features for traders but the ones relevant to this discussion are the social/copy trading features. One is a streaming list of trades as they happen. Each trade is displayed with the traders name and some basic stats such as win rate, you choose the ones you want to copy as they happen. The other feature is the Social Charts which display who traded when, at at what price, to help copiers choose who to follow.
MT4 Indicators For Binary Options Signals Trading
Another method is to use an indicator system to generate signals which is what I like to do. You can do this on your own with whatever charting package you prefer but the best method for binary options traders is to use an EA with your MT4. EA’s identify signals as they happen, give alerts when it is time to take a trade and can even be set to autotrade into a linkable account.
Any indicator can be coded into an EA, and there are lots of them on the market, but the ones I like the best are the Investoo.com indicators for MetaTrader. They have three binary options specific EA’s built around PSAR (parabolic stop and reverse), MACD (moving average convergence divergence) and stochastic that all come with high rates of success.
As an added bonus the team at Investoo.com will help you develop your own EA’s as well. If you have a system, or are working on one, they can help code it so that it will work on MT4 and generate buy/sell signals for you.
I like the indicator systems well enough on their own but it’s the rest of what they offer that really makes Investoo stand out from the crowd. At heart, Investoo is a leading resource for new and experienced traders that includes a video library with over 300 hours of lessons, binary options signals (over 200 per day) as well as the EA buy/sell indicators. The best part is that it only costs $100 to get the full package with no requirements to sign up or deposit with a new broker, although you can get the package for free if you do.
The Bottom Line
The bottom line is that 60 second trading is fast, its fun and it can be profitable. The trick is using the right the signals from a trusted source.