Is automated trading software for binary options safe?
The hottest new trend within binary options trading is the use of automated trading software. This is your chance to leave all your trading in the hands of the machines. Quite simply, the software in question is capable of carrying out all aspects of binary options trading.
That includes analyzing the markets, making trading decisions, and carrying out trades. By using an automated system, you are able to make money in this marketplace with a minimum of experience and hard work.
Automated trading software is sometimes referred to as binary robots, but we are talking about exactly the same thing.
Because automated trading has become so very popular, a sad fact is that the market sector has attracted some less than reputable players. This happens whenever rapid growth occurs. There is a lot of money to be made, and the sharks smell an opportunity to cash in.
But don’t let the fact that there are some bad apples in this market put you off. The majority of robots are provided by entirely legitimate and serious operators. With a reasonable amount of care and due diligence you can easily find an automate trading software that is entirely safe.
What is automated trading software?
An automated trading software — also known as a binary options robot — is a piece of code that does two things:
1. It generates binary options signals
2. It carries out trades automatically
A binary options signal is simply a recommended trade. The software generates signals by analyzing huge amounts of market data. Using an algorithm, it looks for patterns in price movements that it knows indicates certain future developments. When such a pattern is identified the signal is generated.
You can buy signals from companies called signal providers. You can also make them yourself by doing your own analysis. What makes automated trading software unique, is the second thing it does: carrying out trades automatically.
When you subscribe to a binary robot, it will not only tell you that a trading opportunity is imminent; it will carry out the trade on your behalf. You literally won’t have to lift a finger.
Automated trading software for binary options is perfectly safe
Now, as in any business not all providers are equally good. Nor are all binary robots run by entirely legitimate organizations.
But there is no need to worry. You can easily avoid the disreputable operators. All you need to do is look for them online. If there is something fishy going on, some unhappy customer will have posted this fact on the web. Also, all good providers publish testimonies from happy customers on their websites. Read them to make sure the company is bona fide.
You can also follow this recommendation: the very best and 100% safe automated trading software for binary options is called BinaryOptionRobot. It delivers great results, and is very reliable. It is entirely safe, and has a large number of satisfied customers.
What are the benefits of automated trading?
So, why would you want to use automated trading
There are several very important benefits that explain why robots have become so popular. Here are some of the most significant ones:
· Great results — good robots win in excess of 70% of trades. This is more than enough to turn a long-term profit on binary options.
· Rational decision making — humans make mistakes because of our irrational nature. If we’re in a good mood or feeling a bit down, this can influence our trading decisions. An automated software will always act rationally.
· 24-hour trading — a robot never gets tired or hungry. It operates without stop all day and all night. For many obvious reasons a human trader cannot.
· Free up your own time — if you have a day-job and are not yet a professional binary options trader, this is a very important point. Even when you are at work, the robot will be carrying out trades on your behalf.
How do I use automated trading software?
It is very easy to use automated trading software. The first thing you need to do is obviously to find a reliable supplier. We have already recommended BinaryOptionRobot — the most popular robot in today’s market.
In order to get started trading with BinaryOptionRobot, you simply visit the company’s website. There, you fill in a brief form. The next step is to open an account with a binary broker via the robot.
Please note that this is a requirement. You cannot, in other words, use this robot to execute trades on your behalf with your existing binary broker.
Once you have funded your new account, you are good to go. Simply log into your account with BinaryOptionRobot. All that remains is to determine how much you would like the automated software to invest on your behalf in each trade.
This really is your only concern. Now, it’s just a case of relaxing and letting the technology do the rest.