In the 21st century alternative ways of making a profit are numerous, in no small measure due to the Internet. Binary options trading, an online trading venture which has appeared on the market in 2008, has been very popular on the South African market.
It is not difficult to understand the reason behind this popularity as binary options trading combines attractive aspects of flexibility, affordability and possibility for high profits.
Additionally, this manner of trading is constantly exposed to innovation which makes it even more appealing to traders.
One such innovation is the possibility to use binary signals software in the trading process in order to improve the possibility for profit gain.
To introduce South African traders with the notion of trading signals we will explain what is binary signals software and how to use it on the South African binaries market.
What is Binary Signals Software?
To answer the question what is binary signals software in the simplest of terms one could say that it is an advanced and sophisticated software which purpose is to generate binary signals. However, we need to expand further on this answer for traders to fully understand the opportunity which binary signals software holds.
Perhaps, the best place to start would be to ask why binary signals software got created at all.
One of the main notions linked to binary options is their simplicity and the fact that people from all walks of life can take part in it. Additionally, it is not necessary to be an expert when it comes to trading or finance to do it. Traders face two choices when it comes to making a decision – the price of the underlying asset can either increase or decrease.
And while this is and remains the very core of binary options trading, all traders do need to keep a vigilant eye on the market. This could be the aspect with which some may struggle while others will thrive.
Still, the potential of earning profits trading binary options is an attractive proposition and not one which potential South African traders should give up lightly. This struggle many traders face has been behind of creation of binary signals software.
In that respect, we may also respond to what is binary signals software in terms of it being a complex software which is governed by sophisticated trading algorithms in order to deliver the first-rate trading services.
In a way, with designing a trading solution in the form of binary signals software newbie traders in South Africa and the rest of the world have a fantastic opportunity to meet success from the first trade onward.
Actually, what is binary signals software can also be defined in terms of having two main functions. One is to monitor and analyse the market to generate the binary signals. The other function is to later carry on traders based on the signals.
Hence, we can say that binary signals are valuable information about which trades are likely to be successful or, to put it bluntly – which underlying asset stands the highest chance of profiting should traders trade with it.
The binary signals software generates the signals which it obtains via various indicators and charts which are then delivered to traders who can use them or not.
Due to various terminology currently present on the market for binary options trading, South Africans can also encounter expressions “binary robot” or “binary signals provider” which may confuse them.
However, the simple fact is that all these terms are used to refer to the same thing – binary signals software. It is only down to preference how somebody wishes to call it.
In a nutshell, what South African traders get with binary signals software is advanced technology which does most of the difficult work for them.
There is another aspect of binary signals software which South African traders should keep in mind. Some of the available software is fully automated which means once it generates the signals it will also continue to automatically place the number of trades traders specified in the settings.
The other kind of binary signals software is semi automatic and when it generates the signals it will also ask from the traders to either approve them so the software may continue to place the trade. Or the traders may decline in which case nothing happens.
With the majority of binary signals software or binary robots available on the market, traders need to set the parameters like the number of trades they wish to do per day, the amount of money they wish to invest per trade and which underlying assets they keep active so they may receive signals for them.
A great advice is to keep all or most of the available underlying signals active as that will mean they will get more binary signals and that, in turn, may mean more profits.
However, even with the highly sophisticated and advanced binary signals software, the risk of loss is always present and traders need to be aware of it. It is simply not possible to completely eradicate the risks, neither in standard binary options trading nor in this form of trading binaries.
Binary Signals Software Free Download
Yet, on the whole, binary signals software offers plenty of advantages over the standard, manual binary options trading.
Especially, as we already pointed out, for novice South African traders who are still finding their way around the whole trading process. In a way, this could be a fantastic possibility to observe and learn while still actually participating in the trade too. After a while, traders might feel secure enough to have a go at manual trading as well.
Another aspect of binary signals software which South African traders should keep in mind is the free download aspect. To be more specific, the binary signals software free download is complexly redundant as most (if not all) available software is web-based and can be used from any browser.
That means that South African traders simply need to do a bit of research and pinpoint what is binary signals software that they find most suitable for trading. Then, they need to make a deposit with one of the binary options brokers available with the binary signals software and the trading process may begin.
So, what traders get is a simple, elegant and fuss-free trading solution which, despite the risks involved, holds the potential of securing them fantastic profits on the South African market.
Best Binary Signals Software
To conclude our guide on what is binary signals software, we will also give South African traders several recommendations when it comes to best binary signals software currently available on the market.
Binary Options Robot has been among the favourite choices when it comes to binary signals software for traders all around the world as well as on South African market.
This is a superb trading software which provides traders with a free VIP account which includes 5 trading strategies, risk level control in 4 modes and expiry time feature.
This binary robot is connected with one of the most popular binary brokers on the market like 24option or BinaryOnline, it is a semi automatic trading solution which provides traders with the utmost control and it provides more than 50 underlying assets to choose from.
Fintech Limited, binary signals software developed by Daniel Roberts, is a binary trading solution which scans the market around the clock in order to generate signals.
Traders can use Trader Sentiment feature as well as a mobile trading app to boost their chances of securing a profit.
As part of Daweda Exchange broker, Daweda Exchange ATS is a trading solution.
Daweda ATS is simple to use and it gives South African traders various profit-making options.