Free trading signals with 24option trading alerts are the newest invention of 24option. Especially new traders can now quickly trade profitable without having to master technical analysis.
24option creates trading signals by using an algorithmic trading model called Faunus. These trading models are run on computers with as little human interference as possible. Professional traders only monitor the system periodically and adapt it to increase profitability.
This is exactly how signals should be created. Technical analysis is an emotionless process best executed by well-programmed machines. Human factors in technical analysis only create errors, and it is best to eliminate them completely.
Each created signal will give you the basic information to invest based on the signal:
Signals are created for three expiration times: 1 hour, 30 minutes, and 15 minutes. You received the following signal at 10:03: EUR/USD – CALL. Place a Call trade on the EUR/USD and set the expiry for 11:00. In this case, you would have received a signal with an expiration time of one hour. Signals with an expiration time of one hour are guaranteed for five minutes. That means, you have five minutes to analyze the market and decide whether you want to invest in this signal.
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For these five minutes, the expiration time will be reserved for you. Once the five minutes are over, you will no longer be able to use the expiration time. For shorter expiration times, the time signals are guaranteed is reduced. 30 minutes signals will give you 3 minutes to react, 15 minute signal 1.5 minutes.
To indicate the probable reliability of each signal, 24option uses a color code. Secure signals are colored green, risky signals are colored red, and signals that are somewhere in between are colored yellow.
It is hard to attach a definite winning percentage to each of these color codes, but red signals usually feature a higher risk and a higher reward. Traders who prefer a secure and steady approach should focus on green signals, while traders who are willing to take more risk can also trade yellow or even red signals.
To find out which signals are right for you, we recommend you start trading only green signals and gradually expand your trading to yellow and then red signals. Once you start feeling uncomfortable, stop expanding and only trade the signals you have been trading up to that point.