One of things that makes binary options trading so attractive is that there are patterns that markets and assets adhere to over time, and by using these patterns you can make the correct prediction far more often than if just by chance. Binary options indicators are these pieces of data that can point to what an asset is doing and give you the right information you need to make a profitable trade. It is the use of these indicators that allows traders to make money and prevents options trading from being a mere flip of the coin.
While options signals are the results that say ‘make a trade now!’, options trading indicators are the data points that are used to create that signal. A binary options indicator can be things like resistance levels, volume markers, and Bollinger bands (don’t worry if you don’t know what these are right now, you will learn) and when you look at all of these indicators together, they give you a picture of an individual asset. From this picture, you can look into the past and see all the previous time when these indicators were at the current level and the price movement results. If, in the past, these binary trading indicators showed a price movement that happened the same way a majority of the time, then a signal is present and you should make a trade that is consistent with the past results.
Some traders choose to examine charts and keep detailed results of their trades and which options trading indicators were present each time in order to build their own binary trading strategy. Other traders prefer to use an indicator service, which condenses this information down and delivers it to you either through updates or in real-time with a computer program. These binary options indicator services are often coupled with signals services, and can take much of the guess-work out of binary options trading.
It is of course up to you, the trader to determine which options trading indicators you want to look at and how to use them. For self-learners, there are hundreds of free resources on the internet that can help you learn what binary options indicators are and how to use them. With a lot of hard work and study, you can use these indicators to create an extremely successful trading strategy. For those traders that want to get trading now and trust the power of computer analysis, a binary options indicator service might be the best answer. Either way, binary trading indicators are the backbone of any successful trading strategy, and should not be ignored by any trader.