The Best Binary Options Broker 2020!
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Best Binary Option Robot Review 2020
OptionRobot is one of the popular binary options trading software available today. But given that many auto trading software available often turn out to be scams, does OptionRobot stand out as legit software? Read on for a best binary option robot review 2020 plus tips and FAQs regarding the software.
This binary options trading automation software is the first of its kind to work on leading online brokers like Binary Online, Option500, Plus Option, Greenfields capital, 72Option and Stockpair.
The software design implements up to 6 different technical indicators that include trend, Stoch diagrams and CCI indicators. Many scam trading software will often mask their inefficiency by claiming use of a complex algorithm. Users of such software often discover too late that they invested in fake software which doesn’t deliver returns as promised.
Getting started with OptionRobot
Option Robot usage isn’t limited to citizens from a specific country or specific brokers. This makes it easy for you to use the software to make trades from anywhere on the globe. One of the things that stand out on the signup page copy is the lack of overhyped marketing material. Unlike many binary options trading automation platforms, you won’t get guarantees about earning over $1,000,000 by just running the software. Instead, the copy provides enough information regarding what it is and how to get started.
OptionRobot is easy to use. Despite being a binary options trading automation software, control largely remains in the traders hands. This makes it easy for you to place trades based on your chosen trading strategy. You can also easily turn the auto trade option off. In addition, you can customize the software to place and exit trades at predetermined time intervals.
If you’re not ready to invest in binary options trading software, you’ll be glad to know that Option Robot is free to use. Unlike competing software which requires you pay upfront before using them, Option Robot can be used by anyone with or without money in their trading accounts.
General Risk Warning! your capital may be at risk
Best Binary Option Robot Review 2020
The OptionRobot binary options trading robot has set itself apart as one of the few legit trading automation platforms available today. In an industry where software creators try to trick traders into buying poor quality scam products, Option Robot focuses on transparency and credibility. Here’s the complete review of this software.
Unmatched user control
One of the major shortcomings you’ll find in common trading bots is the limits they place on user control. This means that traders often find themselves trusting bots with complex algorithms to manage their entire trading accounts.
Option Robot doesn’t limit the amount of control you have over your finances. In fact, you can easily adjust the software settings to match your preferred trading style. Features you have control over include trade expiry, trade amount and ability to allow the software enter and exit trades automatically.
Free to use software
Using OptionRobot will not cost you anything. To get started, simply create a new account. Once complete, you’ll find a “TRY DEMO ACCOUNT” button within your user interface. Clicking on this button directs you to the free account that’s initially credited with $1000 virtual cash.
The Best Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Demo Account.
Get Your Sign-Up Bonus Now!
Recommended Only For Experienced Traders!
Implements familiar technical indicators
Which are your favorite technical indicators? Having easy to read indicators is one of the factors which can affect the profitability of a trade. Option Robot implements 6 different technical indicators that include CCI, MACD and the RSI indicator. The platform is designed such that if you set more than one indicator during a trade, the bot will only generate a signal when all indicators are identical.
What’s more, this platform also offers three popular money management systems including the Fibonacci, the Classic and the Martingale system. Each trading system makes it easy for you to easily adopt your trading style to the software. For example, if you love to minimize the risk involved in every trade, using the classic system is recommended. If accuracy is you primary concern, the Fibonacci system will be your best bet.
Link with 9 different binary options brokers
Broker compatibility is one of the major challenges traders have to overcome when dealing with binary options trading automation software. Option Robot software can be linked with 9 different binary options brokers. These include Opteck, binary Tilt, Stockpair, ZeusOption, BD Swiss, Dinero Libre, BinaryMate, Binary Online and 10Markets..
Being able to link the software to different brokers has several advantages.
– You can use the software to automate your trades from anywhere in the world. That is, if a specific broker doesn’t accept traders from your country, you can easily switch to a different broker that accepts traders from your country as well as supports the OptionRobot software.
– You have more control over trades including the trade size amount and trade expiry periods.
– Switching from one broker to another one doesn’t require you close your Option Robot account.
Excellent trader support
OptionRobot staff has gone to great lengths to ensure that any trader using their software is fully satisfied. Their free account is a true testament to this. However, there are additional customer support features that stand out.
Simply visiting the OptionRobot website triggers a live chat app where you can easily ask questions. The chat feature is available 24 hours and messages are replied to almost immediately. You can also access their customer support team via email.
The platform also offers a detailed FAQ section as well as a blog which can be used as a trader’s resource.
Only trade currency pairs
Option Robot seems to be totally focused on forex currency pairs traders. This means that you cannot use the software to trade other asset types like commodities and indices. In addition, the software can only be used to trade 8 different currency pairs.
Enter simultaneous trades
To maximize profit potential, you’ll want to have several trades running concurrently. Option Robot makes it easy for you to enter into 1 to 8 different trades at the same time. You can also set the trade amount through the software’s settings section. The minimum trade amount is $5 while the maximum is $1250.
Option Robot advantages
– Option Robot software is free to use. The only requirement is that you have an active and funded trader account with one of the brokers that support the software.
– Ability to link to 9 different reputable online brokers makes it easy to switch between brokers
– Up to 6 different technical indicators and 3 different trading methods make it easy to use your preferred trading strategy
– Easy to customize the software to match your trading strategy through the settings section
– Excellent customer support with live chat and email accessibility
– Browser based software doesn’t require downloading anything and is accessible through different internet enabled devices
Disadvantages of Option Robot
– Some claims of demo account being designed to provide unrealistic returns and entice traders to sign up for real account
– Software only allows for trading in 8 forex currency pairs shutting out traders interested in trading other assets
Overall, Option Robot is one of the top binary options trading automation tools on the market today. As a trader who wants to use this software, you’re probably wondering how you can best leverage the software to maximize profit potential. Here are 8 tips to help you out. General Risk Warning! your capital may be at risk
OptionRobot usage tips
Trading automation software should not be used to completely replace your trading strategy. Many traders make this mistake and end up losing their entire account balances. Binary options bots are never 100% accurate. This fact alone means that as a trader, your input before executing any trade will be necessary. If you’ve signed up with Option Robot, your chance for profiting is significantly higher compared to using other competing software. Why?
OptionRobot gives you a lot of control over its settings and therefore won’t have to rely on pre-set algorithms which can easily lead to trade losses. But how can you actually leverage the Option Robot software to increase chances of winning majority of your trades? Here are 8 tips.
1. Do not over rely on the auto trade feature
The auto trade feature might come in handy when you’ve learned how to use the software and have come up with a solid trading strategy. Even then, the auto trade feature needs to be used sparingly during the first months of trading. Initially, your focus should be placed on learning how to use the different software settings and see how they affect your trades.
2. Always conduct fundamental analysis before trade entry
The technical analysis tools offered by OptionRobot are meant to give you a glimpse about the movement of a particular asset. These are supporting tools and they should be used alongside fundamental analysis to get a clear picture about possible asset price movements. Fundamental analysis involves identifying news or events that might affect change in an assets price movement. Such information can be sourced from news, market reports and press releases. Unfortunately, trading software isn’t designed to perform fundamental analysis and it’s therefore up to you to do it manually.
3. Avoid investing in neutral markets
Neutral markets are characterized by little or no price movements. This means that entering a trade will most likely result in zero or no profits. To make the most profit, set your software to enter and exit trades when the signals indicate a bearish or bullish trend.
4. Always try to invest in low volatility fx currency pairs
Option Robot has done a great job by allowing traders to invest in only 8 of the leading currency pairs. However, you’ll also need to play your role in distinguishing between the most volatile and least volatile pairs. Remember that price volatility can change in an instant for example, in the event of a natural disaster. It’s therefore essential that you keep track of a specific currency pair’s history and if it has seen low volatility for a good amount of time, you can go ahead and trade in it.
The reason why trading in low volatility currency pairs is recommended is market changes usually won’t result in huge price movements. As such, you can easily protect yourself from incurring huge losses due to a small market change.
5. Using Option Robot doesn’t mean you throw your account management strategy out the window
Use the OptionRobot free account to test different account management strategies. For example, consider investing a maximum of 5% your account balance on a single trade while you get accustomed to using the software. This means investing a small amount per trade if you open multiple positions at a time.
6. Avoid the lure of opening multiple trades simultaneously
Option Robot allows traders to place up to 8 different trades simultaneously. This could lead to overtrading. That is, you might be tempted to open a high number of trades in anticipation of huge profits. Huge profit potential is always accompanied by huge loss potential. It’s therefore recommended that you have 2 to 4 open trades at any given time. These are easier to keep track of.
7. Always test before executing any new trade strategy
With binary options trading and especially software, nothing is cast in stone. You might easily come across new hot trends and tips regarding a specific currency pair or even a profitable strategy you can implement using OptionRobot. Never execute any hot tip without testing it first. Option Robot is free and testing out new strategies and tips is one way to make the best use of the software.
8. Be wary of using the Martingale trading system
The Martingale trading system is designed to allow faster profits generation from successful trades. However, the risks involved are unusually higher compared to using the Classic system or the Fibonacci system. Analysis of the Martingale system shows that it goes against prudent trading account management strategies and should therefore be avoided if you’re to grow your trading account steadily.
Practical example showing how to enter a profitable trade using OptionRobot software
Before entering a single trade, always make custom settings on the OptionRobot settings panel. Using the aforementioned tips, here is a practical example you can copy.
How long a trade will run really depends on your trading strategy. However, I’ll usually hold a position for 60 seconds to 10 minutes. My preferred trading method is Fibonacci due to the accuracy it offers.
I’ll usually have more than one indicator chart running simultaneously. This will further ensure that the software only enters a trade when it receives an identical signal from all open technical indicators. My favorites are the RSI, MACD and Stochastic indicators.
I will usually use a maximum of 5% of the total account value on a single trade. In addition, I never have more than 2 open trades running simultaneously. With regard to the currency pairs I select to trade at a particular time, my choice is largely determined by the currently open market. For example, if the London session is open, I ‘ll usually choose to trade European currencies as opposed to the USD or CAD.
This example seems pretty straight forward. However, sticking to a specific strategy and only changing it after testing out a new strategy isn’t quite easy. There’s always the emotional element of the trade to contend with. For example, what do you do if you enter into three consecutive losing trades? A good strategy would be to stop trading for the day, go back to the drawing board and analyze the trade histories. Then come up with a trading strategy for the next day. However, this is easier said than done. Most people will try to reverse their losing streak by placing new trades which could lead to more losses.
General Risk Warning! your capital may be at risk
Option Robot FAQ
Q: What is OptionRobot?
A: OptionRobot is a browser based binary options automation software. Opening an account with Option Robot is free. The software works by entering and exiting trades on your behalf on a number of selected online brokers.
Compared to competing binary options trading bots, traders will find it easier to customize the software to match their trading styles. It offers 6 different technical indicators and 3 different trading systems to choose from. In addition, the software can be linked to 9 leading binary options broker platforms.
Q: Is Option Robot a scam?
A: OptionRobot offers several features which indicate that it’s legit software that traders can use to make profit. Opening an account doesn’t require that you invest some money. In addition, it includes a demo account which allows you to test the platform without investing your own cash.
This software doesn’t place limits on users’ ability to customize it to match their trading preferences. Like with other trade automation software, using OptionRobot doesn’t guarantee that you’ll profit from all of your trades. However, it includes unique features which if leverages properly, can see you profit from a huge percentage of trades entered.
Q: What devices can I use to access the software?
A: Option Robot is browser based. This means that you can access it via any internet enabled device including your smartphone. Also, you don’t have to download any app to access the platform.
Q: Do I have to pay to access Option Robot?
A: No. opening a new account is absolutely free. The free demo account comes credited with $1000 virtual cash. Switching between the demo mode and real money mode is as simple as clicking on the “TRY DEMO MODE” button or “REAL MONEY MODE” button.
Q: Can I trust the online binary options brokers that support OptionRobot?
A: Option Robot can be linked to broker account held by 9 different brokers. Many of these brokers are licensed and regulated by leading financial authorities. In addition, some of these brokers have built a good reputation for providing quality options trading platforms.
It’s worth noting that some brokers might not offer their services to traders from certain regions. It’s always advisable to check with each one of the 9 brokers that support OptionRobot to ensure that the one you invest your money with is actually permitted to operate within your region.
Q: Per day, how many investment signals can this software generate?
A: Theoretically, Option Robot software can generate well over40 different trading signals. However, it’s usually recommended that you don’t open more than 10 trades per day. This way, you will minimize the number of trading signals generated. Fewer trading signals mean it will become easier to track and analyze asset movements. It also makes it easier to follow through on your trading strategy.
Q: Why are the percentage return and payout different in the demo account and real money account?
A: All the signals available on the demo account are identical to those on the real money account. The differences between percentage payout and return are usually due to the effective return and payouts offered by individual brokers.
Q: How can I customize trade settings on the OptionRobot software?
A: Once you’re logged in to your account, click on the “settings” button. On the new window, you can make custom settings by making changes on:
– Number of simultaneous trades (1 to
– Trade method (Fibonacci, Classic or Martingale)
– Currency pairs (8 different currency pairs)
– Trade expiry (60, 90 seconds,2minute 5 minutes)
– Trade amount ($5 to $1250)
– Technical indicators to use (MACD, RSI, SOCH, Trend, CCI and William)
Q: Can I link my existing broker account with my new Option Robot account?
A: Unfortunately, OptionRobot accounts can only be linked with broker accounts opened through the OptionRobot official website.
Why you should consider using OptionRobot for binary options trading
Many binary options traders agree that learning to trade currency pairs lays the foundation for learning how to trade more complex assets. If you want to accelerate the learning process, it might be necessary to use supporting tools such as trade automation bots.
OptionRobot sets itself apart from competing software by offering a free demo account. This makes it an attractive option for beginner traders who don’t want to invest a lot of money on expensive software. Experienced traders will also find the software a great tool to try out different trading strategies for free before investing their cash.
Option Robot also offers useful tools and features that you won’t find in ordinary commercial binary options trading software. These features include 6 different technical indicators and 3 different integrated trading methods. In addition, the platform links to some of the leading online brokers.
Getting started is fairly easy. Once you’ve created you account, you can easily start testing the demo account which has $1000 virtual cash. Customizing the bot to match your trading style is also quite easy via the “settings” button found on your account interface.
Overall, if you’re looking for a legit and unique binary options trading software, OptionRobot is worth considering. You’re not required to spend a dime to purchase the software. The only money you’ll need to invest is topping up your trader account balance with one of the 9 brokers supporting the software. General Risk Warning! your capital may be at risk
Binary Option Robot: отзывы трейдеров, обзор платформы
Торговля бинарными опционами способна принести большую прибыль. С развитием технологий, для этого необязательно часами сидеть часами за монитором и следить за изменением тенденций самостоятельно. Сегодня можно использовать специальные программы для автоматизированного трейдинга. В свежем обзоре мы поговорим про брокера бинарных опционов Binary Option Robot, который пользуется спросом как среди новичков, так и среди опытных торговцев.
Судя по отзывам пользователей, автоматизированное решение подойдет всем, кто ищет безопасные, надежные инструменты для торговли бинарными опционами. Давайте вместе разберемся, насколько справедливо это утверждение в отношении Binary Option Robot.
Обзор сайта binaryoptionrobot.com
При подготовке обзора мы выяснили, что Binary Option Robot работает с 2020 года. ПО брокера бинарных опционов заработало пул положительных отзывов трейдеров. На главной странице binaryoptionrobot.com можно почитать о преимуществах разработанного компанией робота для бинарных опционов. Разработчики бота обещают уникальный торговый алгоритм, возможность открытия ВИП-счета, совместимость с известными брокерами.
Сайт доступен на 24 языках, в том числе на английском, итальянском, русском, французском, испанском, немецком. Мультиязычная и техподдержка. Вопросы саппорту можно задавать на любом из вышеуказанных языков, кроме русского. Почему так – сложно сказать, так как «по умолчанию» этот вариант также предусмотрен.
Как пишут в отзывах пользователи, чтобы пользоваться роботом для бинарных опционов, не нужно устанавливать специальное ПО. Автоматизированное решение доступно на binaryoptionrobot.com. Работать можно как с ПК или ноутбука, так и с мобильного устройства. Главное – иметь доступ к сети.
Binary Option Robot позволяет вести торговлю различными активами: сырьем, акциями и валютными парами, индексами. Настройку платформы можно выполнить в соответствии с индивидуальными пожеланиями. Это позволяет диверсифицировать риски и получить максимальную прибыль.
Из особенностей системы можно отметить следующие:
- наличие демо-режима;
- пополнение депозитного счета на binaryoptionrobot.com посредством банковского перевода, кредитки или дебетовой карты;
- сигналы – MACD, STOCH, WILLIAMS, RSI, CCI, TREND;
- время экспирации – 5 минут, 3 минуты, 2 минуты, 90 секунд, 60 секунд;
- совместимые брокеры – FMTrader, Binary Tilt, Stern Options, 24option, Opteck и др.
Торговые сигналы на binaryoptionrobot.com основаны на передовых алгоритмах, что позволяет прогнозировать изменение цены и принимать правильные решения.
Как работать с платформой
При подготовке обзора мы выяснили, что нужно сделать для начала торговли с роботом для бинарных опционов. Судя по отзывам пользователей, процедура регистрации занимает буквально пару минут. Когда вы укажете контактные данные, можно приступать к выбору валюты (EUR, USD, CAD, AUD, GBP). Минимальный депозит – 200 долларов. Выбор способа пополнения счета зависит от брокерской конторы, с которой вы решили сотрудничать. Для ввода средств могут использоваться:
- электронные платежные системы (NETELLER, Skrill);
- банковские переводы;
- дебетовая карточки или кредитка (VISA, MasterCard , Maestro).
Следующий шаг – настройка системы. На binaryoptionrobot.com есть обучающие материалы, которыми можно пользоваться в удобное для себя время. Это позволит быстрее разобраться с особенностями работы программного обеспечения для автоматизированного трейдинга.
Одно из достоинств Binary Option Robot – возможность выбрать уровень риска, который вас устраивает (высокий, средний, умеренный, низкий). Для новичков это возможность получить первый опыт трейдинга. В свою очередь, бывалые трейдеры оценят эффективный контроль над торговым процессом.
Когда настройки на binaryoptionrobot.com выполнены, ПО начнет торговать в автоматическом режиме и продолжит работу даже если вы не сидите у монитора. Вам не придется постоянно следить за рынком. При необходимости, настройки параметров можно поменять – лимитов не предусмотрено.
Обзор торговых систем
Для торговли можно выбрать одну из следующих систем:
- Classic – в каждую сделку происходит инвестирование одинаковых сумм;
- Фибоначчи. Логичная и простая система, которая рассчитывает сумму вклада для каждой сделки индивидуально. После прибыльной операции инвестиция уменьшается, а после неудачной – увеличивается;
- Мартингейл. После каждой проигрышной сделки система увеличит сумму инвестирования, чтобы в следующий раз вы смогли покрыть понесенные потери. После этого система в автоматическом режиме вернется к первоначальной сумме.
VIP-счет в Binary Option Robot: обзор возможностей
В Binary Option Robot есть возможность открыть VIP-счет, который открывает дополнительные возможности (например, можно настроить уровень риска сигналов). Для этого нужно пополнить депозитный счет в течение 48 часов после регистрации на сайте. Чтобы получить бесплатный доступ к расширенной версии ПО сроком на 2 месяца, приведите друга на binaryoptionrobot.com. За каждого нового приглашенного этот срок будут продлевать.
В своих отзывах клиенты на саппорт не жалуются. Они говорят, что в службе поддержки работают грамотные специалисты, которые помогают с решением сложных вопросов и предоставляют дополнительную информацию для успешного трейдинга. На binaryoptionrobot.com обратиться к саппорту можно посредством формы обратной связи.
Отзывы пользователей о боте для торговли бинарными опционами
Справедливости ради стоит отметить, что на русскоязычных форумах комментариев о боте для бинарных опционов очень мало. И это понятно, так как многие трейдеры из постсоветского пространства не спешат пользоваться услугами этого брокера. Напрягает низкое качество перевода на самом сайте (похож на машинный), а также отсутствие русскоязычной поддержки. Однако в целом отзывы положительные:
Например, Тамара пишет, что недавно начала пользоваться автоматизированным торговым решением и вполне довольна полученными результатами:
Пользователь Карен также написал положительный отзыв о брокере. Он считает, что на сегодняшний день Binary Option Robot — лучшее решение.
Некоторые пользователи жалуются на то, что у них возникли проблемы с регистрацией на платформе. Например, об этом говорит в своем отзыве Leonid.
Обзор сильных и слабых сторон брокера и брокерского ПО
Как и у любого другого программного обеспечения брокера, у Binary Option Robot есть свои плюсы и минусы. Из преимуществ можно отметить следующие:
- диверсификация рисков. Торговать активами можно с использованием различных стратегий;
- мониторинг тенденций в режиме реального времени. Бот моментально реагирует на изменения рынка, что позволяет больше зарабатывать;
- трейдинг бинарными опционами полностью автоматизированный;
- установка дополнительного ПО не нужна, торговля ведется с серверов разработчика;
- интуитивно-понятный интерфейс платформы;
- широкие настройки параметров, что позволяет трейдерам достичь оптимальных результатов в торговле.
Из недочетов отметим:
- некоторые торговые сигналы ошибочные;
- плохой перевод сайта;
- отсутствие русскоязычной техподдержки.
Мы считаем, что для автоматизированного трейдинга Binary Option Robot можно использовать. Однако учитывайте, что со 100% уверенностью говорить о выигрышной сделке нельзя, так как некоторые торговые сигналы ошибочные. Окончательное решение относительного того, пользоваться системой брокера бинарных опционов или нет, принимать только вам. Рекомендуем еще раз перечитать наш обзор, изучить отзывы реальных пользователей и только потом пополнять депозитный счет на платформе.
Which binary options are better?
Classic and paired binary options, the binary option “Ladder”, 60 seconds and one touch – which binary options are better? Description of the types of BO
On our site, we asked our readers about which binary options are better, in their opinion. The list lists the main types of BOs, as well as modern, new ones that we have never discussed in our master class – paired binary options and “Ladder”. Perhaps some of the readers will hear about them for the first time, try, and it will be they who will become for him the best binary options.
Articles of the master class “Trading binary options”
Pairs binary options or Pairs binary
What are paired binary options? The name sounds similar to the usual currency pairs for us, and in essence, these BOs are somewhat reminiscent of them. In fact, such a contract is a betting transaction on which of the two assets selected by the trader will add more in price over the specified period of time – day, week, month and so on. Most often, highly liquid instruments are offered as assets to choose from, including stocks of large companies, indexes, goods, and so on. Such pairs have already been drawn up by the broker, you just have to choose the proposed option.
For example, you selected Facebook and Google shares as assets for a binary binary option, today is the date of the transaction end.
Fig. 1. An example of the work of binary options binary.
Predicted the situation and believe that Google will work better. What are the options for ending the contract?
- Facebook shares will rise in price by 5%, Google shares – by 3%. In this case, you lose.
- Google shares will rise in price by 5%, Facebook shares – by 3%. In this case, you won.
- Facebook shares will rise in price by 5%, Google shares will fall by 3%. You lost again.
- Google shares will rise in price by 5%, Facebook shares will fall by 3%. You have won.
- Facebook shares will fall 5%, while Google shares will fall only 3%. And even then you win.
That is, it doesn’t matter if the asset that you have chosen as the winner has grown or fell. The main thing is that it works better than the second.
Previously, paired binary options were considered exotic, and a rare broker offered them for trading. Now the situation has changed and, as our a rating of binary options brokers Almost all companies gladly include them in their offer.
Paired binary options have every chance to become the best in our survey, if only because the average yield on them is much higher than the classic ones, and sometimes reaches 300%.
Binary option “Staircase” – contender for the title of best
The binary options “Ladder” or Ladders binary are a highly profitable modification of the One touch or “One touch” option, which allows you to earn money even if you have not completely guessed with the direction of movement, and the price has turned around before reaching the desired level.
In fact, this binary option represents several contracts open one after another at an equal distance. The triggering of each level during the period of the contract brings the trader profit. Each subsequent one gives a higher percentage than the previous one. In total, profit can reach more than 1000%, which immediately makes him a contender for the title of the best binary option, as well as the most interesting, since forecasting requires a look a little further than one step.
Consider an example. Suppose we trade EURUSD and put on a decline. As a guideline, it has three trading levels.
- The price will drop below 1.3200 (when you touch the price you will receive a profit of 200%)
- The price will drop below 1.3150 (when you touch the price you will receive a profit of 300%)
- The price will drop below 1.3100 (when you touch the price you will receive a profit of 400%)
Of course, the levels and percentages of profit for this binary option were invented by us, but the meaning should be clear. If the price has reached the strike level of 1.3195, then you will already receive a profit of 200%, even if an upward movement has begun further.
So, which binary options are considered the best?
If you are used to the classic options and successfully apply them in your trading, then your answer about which binary option is considered the best is obvious. If something does not work out, and income is replaced by unprofitable series, then perhaps it is worth trying something new. In this case, your best binary option may well appear in this article. Anyway, don’t forget to vote!
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Best Binary Options Robots
As with all markets these days, automated trading has also entered the world of binary options trading. This type of trading is also known as algo-trading or in this case, the use of binary options robots. The system uses an electronic platform to enter different trading orders with the help of an algorithm. An algorithm is a series of data analysis and instructions used instead of human decision making. As such, it requires no human intervention because the electronic platform executes a pre-programmed set of instructions at various times. At a time when markets have to process a large number of data and news – sometimes random, many traders have taken this option. It is also used by professional investors, including pension and mutual funds, as well as investment banks and certaining institutional trading firms. Every step of the trading process is handed over to binary options robots who manage all aspects of the trade. Automated trading in binary options requires no analysis on the part of the investor, as advanced software uses the knowledge of experts in both IT and the financial markets who have helped develop the program to trade on behalf of others.
There are a number of factors to look at when deciding to use an automated trading system and this applies to all types of financial instruments.
It should be trustworthy and reliable.
It should be free, or low cost at least.
It should be web-based.
It should be supported by a range of reputable brokers.
Successful binary options trading requires careful market analysis.
The premise behind binary options is to predict the direction or a pattern of an asset’s price, and for some, this does not come easy. However, a certain understanding is useful of the fundamental valuation determinants, as well as the technical aspects using charting systems and graphs. In addition to this, it also requires a significant amount of time – something not all traders will have readily available. As such, automated trading has offered an alternative way for many traders to improve results without having to spend hours sat at the computer or working out the mechanics of a particular binary option (in this case). When these systems first entered the world of trading, binary options robots were less sophisticated, and not the easiest tool to use. Thankfully, development and technology has moved, and binary options automated software is much more user-friendly, increasing its popularity.
Binary options traders with only a basic knowledge may feel comfortable to rely on binary options robots throughout the whole process of trading. This is effectively a form of passive investing with no real input from the trader or investor though an understanding of this market is required to decide whether this is an area worth investing in. They do not necessarily need to sit in front of their computers watching the charts and other market indicators, nor do they need to constantly be vigilant on the markets. In this instance, it is all about placing one’s trust in a trading system which focuses on binary options if you believe this is the best way to take advantage of the market as it currently is.
Binary options automated trading may seem as attractive as a number of other algo trading systems, but they all carry the same market risks as well as a highly competitive industry which tries to win out on speed (of trade entry and exit) as much as anything else. There are no guarantees of profits every time, but advanced systems can generate returns, you just have to decide whether this is something you want to trust in, or whether your own decision making process will work better.
Just as one has to decide whether trading the market with binary options is better than trading traditional Forex, you also have to ask whether your own judgement is worth giving up for the trust of an automated trading system.
Are binary options robots reliable?
This is one of the most commonly asked questions with regards to trading with binary options robots. This largely comes down to researching systems, which in some cases may prove to be more time consuming than learning and trading the market yourself. If one can find a reliable system through recommendations, then as a new form of investment, may be of use to those who do not have time to devote to following the markets closely.
Binary options automated trading makes the whole process of trading much easier for the average trader, as well as those who are entering the binary options market with limited experience. Automated trading and the associated binary options robots offer direction to beginners. However, putting complete faith in trading robots is not something all will be comfortable with, especially if you have developed your own trading system based on your own decision making process. Let us not forget, that trading through binary options can tie up your capital, and can be quite inflexible, as we have discussed in other sections, so if you are committed to trading the markets for yourself, then understand that the trading signals generated are based on human decisions .
However, the automatic platform does provide the inexperienced trader with the information they would otherwise have to find for themselves. Manual binary options trading requires analysis of charts and an understanding of the markets on a fundamental basis, including trends and asset class specifics. Even so, should one decide to decide with their own decision making process, then there are plenty of sites which can be educational as well as informative in terms of news and data, and this can be quickly assimilated in a day and age where information is much more readily available. This website will aim to provide as much of this as possible. An automated system, may increase a trader’s chance of success, when having limited knowledge of the market and processes, but this can be replicated in many other ways.
The number of automated binary options applications is increasing on an almost daily basis.
Binary options robots have become very popular, and there are plenty of providers coming to market. The more established names are more likely to be a more reliable, for example, those linked to larger financial institutions. We’ve already explained the ins and outs of binary options automated trading, so now we look at how to separate the good from not-so-good.
Binary options robots make it possible for traders to make profit in a number of different situations, particularly those that require swift decisions. A robot can help you get better results faster, and can also help you to trade more efficiently. Even so, learning how to trade in a disciplined manner with rigid risk management systems is also something which is widely advised by all serious market advisers.
As attractive as binary options can be, either manual or through automated systems, the flexibility of trading the underlying asset or spot markets can be just as rewarding with just a little time and effort in developing your own style of trading. As we have stated above, there are many educational sites which can assist you with this, and will allow you to trade with a little more freedom than with the use of options.
If you wish to stick with automated trading of binary options, it is naturally important to find the most reliable and successful ‘robot’ you can find. This in itself is not easy, but here are certain things one can look out for.
How to spot an illegitimate binary options robot
No previous trading history. Look for information on previous trading records. If there isn’t any, this should raise your suspicions. A robot that has made profits should have no reason to hide this. will have no qualms about letting everyone know. A number of robots will promise big profits, but a proven track record will prove this. A legitimate robot will have its trading history clearly visible on its website.
Design of a poor website. This is possibly one of the biggest tell-tale signs of an inferior robot. There are few rogue ‘bots’ who will bother to spend time and money on their website design. If the website looks amateur, it is likely that the people behind it are amateurs too! If the robot site is well developed and stylish and equals the quality of more established names, the input into the site is more likely to be matched by their integrity.
No robot features are mentioned. The website should inform you of the robot’s features. If none are offered, then this will give the investor little to go on and should be avoided. An honest-trading binary options robot will have a wide range of possible customisation options so that traders can tailor the robot in accordance with their own trading parameters.
Exaggerated results and unrealistic returns. Always be wary of binary options trading robots that promise very high returns. A projected income of more than $1,000 a day is clearly an exaggeration, especially if not specified on what basis or account size. A more reasonable expected income based over weeks rather than days, shows a more risk managed approach. Fine tuning and patience is required, along with some experimentation. Any form of investment requires a certain amount of risk, so not all trading robots that promises a guaranteed income are to be ignored.
Only compatible with unregulated brokers. Only the best binary options robots are accepted by the more reputable brokers. If big-name brokers do not trust a certain robot, then neither should you.
Customer support is non-existent. A fraudulent robot site will not be interested in the problems of its clients, so there may not be any contact details on its website. If there are, then try to communicate with them, if only to get more information before signing up to a particular service. If you’re able to get the answers to your questions, then this will instill more trust in the robot program.
Short history in the market. A short lifespan in the market does not necessarily mean a robot is inferior, but it should raise some concerns. It is better to look for automated trading software that has been around for some time, say a few years (at least), which would also prove that their program has been successful for a length of time. Bad ones do not last for long!
In conclusion, there are a number of automated binary options sites out there, and some come at a cost, while others are free to use. We will feature some of the better binary options robots in future articles, but we have plenty of other informative sites which can give you a direct insight into the markets in order for you trade directly yourself. This may well be significantly rewarding, both financially as well as in developing your knowledge base and general up-to-date information on the markets.
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