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Binary Options Robot Review

Binary Options Robot is a trading robot designed to make trades for you automatically, regardless of whether you are at your computer, signed into an account, or relaxing on the beach. Binary Options Robot finds the trades that fit the criteria you have helped it to establish, and then executes them for you based upon an advanced signals detection algorithm. So far, this has proved to be one of the most successful trading robots out there, and a lot of people want to learn more about it and how it might be able to help them. Our brief Binary Options Robot review is designed to do just that.

Is Binary Options Robot Really Free?

You Can Get this Binary Robot for FreeLet’s tackle the big question that most people have right away. Binary Options Robot is free to create an account with. Right away, this separates it from many other automatic trading robots and signals services. There is no cost to create an account with this robot. That doesn’t necessarily mean that it is free to use, though. Instead of charging an upfront fee like you might expect, Binary Options Robot instead has a small commission that they take out of every winning trade. Because trades are executed automatically, this is something that you will never actually see, and it provides ongoing encouragement for the people behind Binary Options Robot to keep it as profitable and successful as possible. When you do well, they do well. This is a strong business model as it keeps each side of the equation motivated to be as successful as they can be.

How Does it Work?

Binary Options Robot is not a broker. Rather, after creating an account, you will be given a list of brokers to choose from where the robot will execute trades for you. If you already have an account with a broker, you can still use that same broker as the Binary Options Robot team will be the one creating the account for you. Your money will be in your name, but the robot uses a third party account to execute your trades. Your transactions will all be through Binary Options Robot, and you will do all your fine tuning here. But they do need you to choose a broker to work with in order for this to happen. If you are unsure of which broker is best, you can go through our other reviews.

Once you have selected a broker, your next step is to decide how much risk you want to take on. Your risk level has a lot to do with how profitable you will be. The robot itself has a great track record, but this doesn’t mean that it is perfect. It also doesn’t mean that this track record will be consistent moving into the future. Past results are not indicative of future results. The more risk you take, the higher your potential for profits, but also the higher your potential for losing money.

You can also filter what you trade. If you want to trade just the euro/U.S. dollar pair, you can adjust the settings so that only this asset will be focused on. You can adjust all of this as you go and become more familiar and comfortable with what you’re doing.

How Do I Create an Account?

To create an account with Binary Options Robot, you simply open up their site, click the “Create Account” button, and follow the prompts, providing your information where needed. Please note that not all countries are allowed to use the robot.

Then you select a broker and make a deposit. The minimum deposit will depend on the broker you choose. Adjust your risk as described above, and you are ready to begin!

Who Benefits from Binary Options Robot?

Because of its simplicity, a lot of beginners are attracted to Binary Options Robot. You never need to understand signals, how to interpret them, or even really what they show to use Binary Options Robot with success. These things can be helpful, but they are not required. To use this signals robot, all you need to do is make a deposit (discussed above), and select the risk that you are comfortable with. Beginners will likely benefit from taking on very low risk until they have established an account size that can sustain losses without impacting their profit levels. For example, if you deposit $500 with the robot, you might want to wait until you have reached an account size of $750 before you start increasing your exposure by making more daily trades. This is a situation that needs to be addressed by each trader individually.
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New traders can certainly benefit a lot from this signals service because of the fact that no technical skills are needed to use it successfully. However, they are not the only ones that benefit from the Binary Options Robot. Even a professional trader can benefit from this because it helps to save time and diversify risk. Let’s say you have $50,000 in a binary options trading account, and you spend eight hours a day in front of your computer analyzing trades. If you put $1,000 into a Binary Options Robot account and let the software make trades for you, you stand the potential to use your time in the same way and start making more money, or you might find that you can spend less time working and still make the same amount. Experienced traders benefit by being given this ability to take some of the burden of risk away from themselves and use their time more efficiently at the same time.

Should I Use Binary Options Robot?

This is up to you. We’ve given you the basic information that you need to get started, but the decision of whether or not this is the right tool for you to effectively grow your own cash is ultimately up to you.

If you still have questions about Binary Options Robot, we encourage you to check out their website and learn more. They do have a lot to offer traders that work with them, but this certainly is not right for everyone. And remember, just because the robot is making trades for you does not mean that these are risk free trades. There’s still a chance to lose money when you use Binary Options Robot. If you decide this is right for you, keep an eye on your account so that you can watch over it and make sure that your money is doing what you want it to.

This Binary Options Robot review shows that it has a lot of potential to help traders of all abilities. If you are in an area where it is allowable for you to use this software, and you want to try this efficient new way of trading, then we highly recommend Binary Options Robot.