Binary Options Robot is an automated signal trading software designed to make signals 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 generates signals 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.
|Brokers||Minimum Deposit||Minimum Investment||Maximum Returns||Trade|
|Binary Options Robot Review||Minimum Despoit$10||Minimum Investment$1||Maximum Retursnup to 95%||Get Free Account|
Let’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 automated trading robots and signals services. There is no cost to create an account with this robot. You will even be able to test a $10,000 demo account that was provided to you upon signup. After you have tested their automated signal trading app with a demo account, you can make a deposit of minimum $10 and start with automated signal trading for real money.
It is very easy to sign up with Binary Options Robot. All you need to do is fill in the registration form on BinaryOptionsRobot.com website, verify your email and you are good to go.
The Binary Options Robot is not a broker. Rather, after creating an account, you will be assigned to a broker where the robot will generate signals for you. If you already have an account with a broker, you can still use that same broker with the Binary Options Robot. Just click on the Login button and log in using your account credentials.
All monetary transactions are done with a safe and secure broker, for example binary.com broker or Deriv.com. Trading signals are generated with the Binary Options Robot, and you can do all your fine tuning here. But they do need you to choose a broker to work with in order to accept signals and place trades.
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/usd 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. Binary Options Robot settings, like trading assets, trading strategies, expiry times and trade amount are configurable on a very user friendly dashboard that can be accessed in the Broker Settings tab.
Expiry Times – Traders can define whether they prefer shorter expiry times, such as 60 second trading, or trading that lasts longer and after 1 hour.
The following expiry times are available:
Depending on the selection of expiry times, trading assets and trading strategies, Binary Options Robot signals will be generated and displayed to the trader under the Trading Signals tab.
To create an account with the Binary Options Robot, you simply open up their site, click the “Get started now” button, and follow the prompts, providing your information where needed. Please note that not all countries are allowed to use robots.
There are over 60 trading assets available to trade with Binary Options Robot. Available currencies, commodities and indexes are displayed below. Depending on the trader’s preferences, signals for selected trading assets will be generated within the Trading Signals section.
Traders can choose from the following trading assets:
Traders can choose between seven Binary Options Robot trading strategies. Each of these strategies involves implementing different trading algorithms to generate trading signals.
Traders can select all strategies that are explained below, or just a few strategies that fit to their trading plans the most.
Binary Options Robot trading signals are generated depending on the trader’s selection of trading assets and strategies.
Trading signals are generated automatically and the trader has a full overview of the signals in the Trading Signals tab.
Traders can place a trade with the use of Binary Options Robot trading signals with a single click on the Trade button.
Once clicked, trading signal prompt will appear and with a single click, the trader can confirm the signal and place a trade.
Before confirming the signal, traders will have a full overview of the trade that they are about to place. This includes information about the trading strategy that was used to generate the signal, selected asset and expiry time. You will also have information about the broker where the trade will take place, as well as information about the time when the trading signal was identified by trading algorithm.
A full overview of all open positions is available under the Opened Positions tab and closed positions can be accessed within the Closed Positions tab. Thanks to this, traders can have a full overview of their profits per each trade.
Binary Options Robot mobile signal service is completely free, and traders will be happy to know that it has the entire Binary Options Robot dashboard in the palm of their hands.
From now on, traders can easily customise their trading settings, make a deposit and benefit from automated trading signals simply by using their iPhone or Android mobile phone.
With Binary Options Robot mobile trading is better than ever and important features that traders find relevant on the desktop platform are also present on the mobile version.
With a single click, traders can get access to the trading chart and accept trading signals.
Because of its simplicity, a lot of beginners are attracted to the Binary Options Robot. You never need to understand signals, how to interpret them, or even really what they show to use the 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 assets and strategies that you want to trade. Beginners will likely benefit from taking trades on deriv demo account first, until they have established more experience with the product and are ready to make a deposit. This is a situation that needs to be addressed by each trader individually.
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. Binary Options Robot trading room is very user friendly and easy to use. Once you log in, you get a full overview of all the available signals and you can easily place a trade with a single click.
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 that 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 generate signals and you just make trades with a single click, 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. Binary Options Robot can be a great tool to practice 60 second binary options strategy. 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.
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 the 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 generating signals 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 automated signal trading app, and you want to try this efficient new way of trading, then we highly recommend Binary Options Robot.
You might have heard in the news how robots are taking over most of the human jobs. While it may be sad for many people who may lose their jobs, there is great news for professional traders that modern trading robots are equipped with amazing skills to mimic real-life trading. A trading robot is simply a computer program that makes prompt decisions regarding whether to buy, sell, or retain a respective financial asset, when given particular trading signals and trading parameters.
Trading with these robots may be better in various ways. For example, human traders no longer have to be actively present in front of their PCs for long hours, and get involved in complicated data analysis on a regular basis. Moreover, humans are likely to make errors due to psychological and emotional factors. On the other hand, these errors can be completely eliminated by best trading robots.
Trading robots are especially helpful when it comes to trading forex and binary options (for any assets). However, there has been some misconception about trading robots. Some people consider them a scam or see trading robots as too good to be true. As a trader, what you need to understand is that a trading robot is not a miraculous invention that exploits the market in unprecedented ways. Instead, a trading robot is merely a tool, like thousands of other tools designed by humans.
Similarly, a trading robot is not going to provide 100% accuracy, and its performance is very much dependent upon the parameters you feed into its system. In other words, it is still humans that make decisions on the back-end. A trading robot makes life easier by performing operational tasks automatically.
As the use of a trading robot is a relatively new phenomenon, many traders are not fully aware of the trading robots available in the market. It is important to exercise due care when purchasing a trading robot, as all robots are not the same in performance, accuracy, and efficiency.
While there are hundreds of trading robots that claim to provide different amazing services, this article tries to provide a brief analysis and discussion regarding some of the trading robots.
The purpose is to improve readers’ knowledge and understanding about trading robots, and to help them identify some of the best trading robots available in the market at present.
While a trading robot or another automated trading service is designed to save you time, that doesn’t mean that you should not invest any effort into it. Robots are not for those without experience, but rather for those traders that know exactly what they are looking for and are using the robot as a tool to save time or to supplement profits.
For example, if you look at your robot and it allows you to control how much risk you take on per day, which assets you want to focus on, and other aspects of your trading, you have found one that allows for a high degree of customisation.
Customisation is important because automated binary options trading tend to operate on algorithms. When an asset shows a certain pattern, then a trade is made. This is usually fine, but as any experienced trader will tell you, when conditions exist where this is a bad idea, you can lose a lot of money. Being able to customise your trades will help you to smooth these bumps out.
Below, we’ve listed some of the best binary options robots and given a brief description of their pros and cons. This should get you started in finding the best binary signals to meet your needs as a trader. A binary alert service often covers several types of assets, so these can be helpful for short term Forex and stock traders, too, in many cases. It’s all up to how you trade, so have a firm grasp on what you are doing before you sign up for anything. Many people do use these services to help learn how to trade as well, making a service a great tool for a beginner.
An automated trading software (also known as a trading robot) is a computer program that has a sophisticated algorithm behind it. Using the algorithm, the traders are able to define trading rules; for example, to sell currency as soon as its value is reduced by 10 %. These trading software are becoming more and more popular, and it has been estimated that at least 2/3 of the shares traded in the United States stock markets are with automatic trading software. If you are US trader, most of the robots will not be available to you, as explained in Nadex auto trading article. Let’s understand some benefits of using such a trading system.
Automated trading software provides some amazing benefits for traders. However, since it is just a tool created by humans, it is not free from its shortcomings. Let’s look into it:
Binary options trading robots, much like other signals services, have certain things that you need to look out for. Some of these include:
This last point is an important one in determining what is the best binary robot. Some automated signal trading apps like Binary Options Robot let you have a large degree of control over what trades are made and some services give you no control. If you are from USA you cannot trade with the bots that currently is available in the market. However you can follow the guidelines written in our Nadex review.
Various aspects related to automated trading software and binary robots are discussed in earlier sections. While we are going to provide brief reviews of some of the popular binary options robots in the next sections, it is important to set some ground rules here. You need to have certain parameters in mind when trying to analyze various available options related to binary robots.
Let’s look at some fundamental features that define the efficiency and effectiveness of an automatic binary trading robot:
Binary Options Robot offers a unique automated signal trading app to its traders. Binary options traders can experience many features of this advanced automated signal trading app for free.
Yes, that’s right. There is no monthly or annual fee that you need to pay in order to take advantage of the Binary Options Robot. You can benefit from binary options signal trading app using your binary options broker account.
You may wonder what this means. Well, all you have to do is register by filling in the necessary details in the registration form on the binary options robot website. The registration process is completely free. When all is set up, the trader can let the Binary Options Robot generate signals, according to the preferences on his dashboard, which the trader can accept with a single click.
Traders who want to place trades via automated signal trading apps should not look any further. This free binary options robot is definitely one of the best solutions on the market.
In recent times, a majority of trading firms have been marketing binary options for auto trading robots aggressively. Some of the promises made by these firms seem too good to be true, and it has raised suspicion in the minds of beginner traders. These traders often question the overall legitimacy of these auto-traded robots.
So to answer this question, there is no doubt about the fact that binary option auto trading robots, as a tool, are completely legit. The fact that these firms aggressively market these robots is primarily because automatic trading is likely to generate more trading volume (hence more profit for the firms). At the same time, the benefits of these robots for the traders cannot be denied, and some of these benefits have been discussed in earlier sections of this article.
This is not to say, however, that these binary option auto trading robots are completely safe and secure, and that you will never be exposed to the danger of the scam. It is true that there have been few scams in the name of these robots. What needs to be understood is that this market is at risk of scams, just like most other markets, such as real estate.
Having the fundamental knowledge and the right approach is the key to avoiding these scams. Some of the scams like Crypto Genius are definitely a danger for beginners. For starters, do not fall for firms who lack any strong presence on social media, Google, and in the physical world. Similarly, always look for the track record of the firm to ascertain how long it has been in business, and the quality of service it has provided in the past.
Binary option auto trading can be very profitable, so claims by some firms regarding higher profitability may be true. However, claims that seem out of the world are likely to be red flags, and such firms may be avoided. Moreover, the quality and standard of the trading platform or software program is likely to tell a lot about the firm. Brokerage firms that are scams won’t invest in building or procuring a reliable and efficient trading platform.
The bottom line is that these trading robots are as legit as any other business. However, make sure to look for potential red flags in order to avoid any inconvenience at a later stage.