You probably have never heard of binary trading or binary options signals, so you don’t really understand their importance in the Forex trade. However, if you have been in the industry for quite some time, you will understand that even the smallest details matter. If you know that you are making the right calculation and yet the timing isn’t right, everything can turn into chaos in a matter of seconds. There are a lot of things you need to understand about this subject and how to participate in the business smoothly and well.
You may not know this, but there are several options of trading methods when it comes to Forex. One of them is the binary options, where you need to ‘predict’ whether a currency pair will go up or down. For some people, it is like a bet instead of a trade, but the movement of the currencies have been calculated and monitored. You don’t just predict and guess, but you have assessed the movement to really understand where the currency pairs tend to move.
When your prediction is correct, you can gain massive profits. However, when you predict it wrong, be prepared to deal with the worst: you may lose everything. Yes, the risk is big because the profit is big too.
So, what’s wrong with the signals anyway? Well, it is possible that the movements can happen several times within the day, and the tendency can change from one transaction to another. It is possible that currency pairs may undergo more than 3 times of directional changes within one day. If you are going to make a profit from your ‘prediction’, knowing when to place your prediction is important. And that’s the main role of the signals. When you get the signals, you know when to place your ‘bet’ – which makes this look like a gambling.