What are binary options Robots and how can they be useful?
Normally a trader learns to trade on the Binary Options Platform.
Then he spends some time in front of the computer placing trades.
But, what if you don’t understand it, and don’t want to understand it? And what if you don’t have time to trade?
Do you have to stay away from binary options? The answer is no, you don’t.
The solution is to use Binary Options Robots or use a signal service, which is explained in another article.
Binary options Robots are programs that place trades for you in your account with a broker.
When you use a Robot, you choose the assets that it will trade, the values to invest in every trade and let it run normally.
Try for Free the New Binary Options Robot
Tips from our Professional Trader: 6 reasons to have 2 accounts
Do you know that you should work with more than 1 broker?
Check the 6 reasons why you should have account with at least 2 brokers:
- Each platform has its differences. If you try different platforms you may find those more suitable to your trading style.
- Each broker has his own payouts that keep changing during the day. If you want to open a trade and one offers 60% and the other 80%, you will choose the one with best payout, no?
- Sometimes the brokers close some assets, if you have just one account and you want to trade on that asset and it is closed, you will LOSE that trade, no?
- If there is an issue with your Broker’s platform, or they are updating it you’re not able to trade, unless you have another account with other broker.
- Deposits and withdraws. Brokers keep changing the deposit and withdraw methods, imagine you need cash fast and your withdraw system is closed at that moment on your broker, what do you do?
- Each platform has its owns indicators and trading tools, imagine you found a new stratey and it does not work on your broker because it uses an indicator that your broker does not offer.
Below you can find our main trader suggestions on brokers:
Advantages of using binary options Robots:
- Freedom – You don’t have to be in front of the computer placing trades. You don’t have to spend time learning.
- Emotion – There is no emotion, which often makes us lose money and objectivity. The fear of losing money causes a trader to make completely wrong decisions when placing trades.
- Analysis capabilities – A Robot is ready to make thousands of analyses and calculations at the same time. It can read multiple charts at the same time, and find an entry point faster.
- Fast decision making – Due to their ability to make multiple calculations at the same time, they can decide more quickly when and at what price to trade.
However, we must take some precautions with binary options Robots. There are many that claim to offer high returns, but in reality, cannot.
Imagine trusting a system that during the night places a number of trades with losses and wipes out your account balance.
Care should be taken when using an automatic system.
Especially if it is offered by an unknown company or one that doesn’t work with trustworthy brokers.
My advice is to try it for a while. Always with low-value trades. And put the program to work with you in control. At least during the early stages until you trust the results.
If you take these precautions, it seems to me that it is something you can try, even if you are a trader with some knowledge and experience, because we may find that the automatic system achieves better results than us.
If you want to try some Binary Options Robots, here are some possibilities:
OptionRobot is without doubt one of the most well known and recognized. You can learn more about Option Robot below. You must have an account with one of the Brokers that work with this Robot and its use is free of charge. Click on the image below to know more about this binary Options Robot.
CriptoRobot is one of the new Robots that is becoming to get a lot of attention. know more about CriptoRobot on the button below. You must have an account with one of the Brokers that work with this Robot and its use is free of charge. Click on the image below to know more about this binary Options Robot.
Another Robot, which has been very successful, is the BTC Robot. In this case the Robot belongs to a company and not a broker. Check the video explaining how it works. Click on the image below to know more about this binary Options Robot.
Some Brokers don’t allow Robots but Signals. A signal works also like a robot, but it only gives you information about the trade. Then you need to put manually the trade on your account. If your broker does not allow Binary Options Robots or if you prefer Signals Check the offers we have to Binary Options Signals.
If you’ve tried some binary options Robots and obtained interesting results don’t hesitate to comment below, or send me a message.
If you decide to try a Robot, before depositing ask me by email or Skype (see contacts) about the special conditions and promotions I offer.
We also have our own Robots that can be tested. Check our Robots HERE