What are Trading Signals?
Trading signals are alerts or notifications that provide information about potential trading opportunities in the financial markets. They help traders identify when to enter or exit a trade based on predefined criteria and market analysis.
Definition and purpose
Trading Signals, developed by Binomo, serve as automated notifications aimed at helping traders make decisions on the FTT assets' trading
movements. These signals are based on technical analysis principles and suggest the likely direction in which an asset's price could move.
For instance, a signal like "1 min UP" predicts a rise in an asset’s price within the next minute, guiding traders to make timely and
informed decisions.
The main goal of these alerts is to offer insights into potential price movements before they happen. This tool caters especially to VIP or
Prestige status traders on Binomo's desktop version, providing them with real-time data that can significantly influence their trading
strategies.
Functionality and accessibility
The Binomo signal generator offers users the chance to receive trading signals directly through the Binomo Android app. This tool uses
technical analysis principles to predict the direction of price movements, making it a valuable asset for traders seeking guidance on when
to trade FTT assets.
Users can access these signals with ease, thanks to their availability on a platform that many already use for their trading activities.
TActivating a binomo trading signal is straightforward. Traders simply press a button within the chart setting menu, choose whether to use or
cancel the signal within 30 seconds, and proceed based on this decision.
With signals generated every minute and various expiration times available—1-minute, 3-minute, or 5-minute—traders have multiple
opportunities to leverage this information for potentially successful trades.
The exclusivity of this feature for VIP or Prestige status traders adds an element of prestige and enhanced utility for those able to access
it via both mobile devices and desktop versions of Binomo.
Now let's explore how exactly these trading signals work in practice.