Autotrading is a service that allows anyone to trade binary options without the need to complete any analysis or remain in front of their computer for hours on end. Once an automated system is set up and certain selections have been made, the only thing left to do is to monitor the progress and outcome of the trades which are executed, collecting any profits have been earned. The words, “collecting any profits” are key in that sentence, as not all systems produce the same results.
There exists more than one type of auto-trader. Even so, most perform the same base function of entering into trade contracts on behalf of the trader. The decisions of which trade to select, as well as the specific parameters selected, are made by the system itself. Any decisions related to investment amounts are made by the trader. Additional selections may also be made by the trader, depending on the setup of the system. This provides some means of control over the overall level of risk. [Read more…]