Thursday, July 11th, 2013 by James Franklen
A successful trader is one who is aware of current happenings and receives information timely. The other part of equation requires that the trader act on such information correctly and timely. Binary options alerts can be in various forms. You should make sure that you subscribe to such alerts and see them timely.
Firstly, be aware of the binary option alerts emanating from the regulators such as SEC and CFTC. For investor education, they recently released a document warning investors against fraudulent platforms. In a similar fashion, notices or documents are issued by such entities that change the regulatory landscape affecting transactions of your trades. You should remain up-to-date with them. The binary options market is very much unregulated, and it is expected that regulation will eventually be applied at this market as well.
Secondly, binary option alerts for possible trading signals should reach you timely. Signal providers are constantly updating their interfaces with latest types of signals. Synchronize your smart-phone or any other handheld that you use, to receive signals immediately. Trading opportunities in the options market appear and disappear quickly. You do not want to be the one regretting a missed trading opportunity.
Thirdly, binary options alerts also take the form of news and updates that you receive from your broker-dealer or platform operator. Often times we ignore such mails because they are promotional in nature. However, be careful in ignoring them. Do not ignore offers or deals that can cut your costs. Also, watch out for those updates and e-mails that specify features of the platform that are being added or facing difficulties or up-gradation. Often time’s platform functionalities are discontinued for maintenance after a notice/ e-mail is circulated to customers to make their transactions or deals before that time.
Fourthly, binary options alerts also consist of the Tweets or social media updates that are placed by high profile traders or trading platforms. Such entities constantly update what they think about the market condition, what position they have entered in to, or when they will be closing a position. You should remain updated with such information as it can also guide you in entering or closing trades and anticipating market movement.
For an active trader, it is requisite to be organized in such a way that he or she remains in touch with all the alerts coming their way. Therefore as a binary options trader, you should develop ways to organize various alerts, prioritize them and work through them.
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