How We Selected and Reviewed Recommended Binary Options Robots
We have researched on dozens of binary options trading robots, apps and softwares or whatever you call them all through the year and till now before publishing this review post.
We have collected testimonials and feedback from real users of those binary options trading systems and finally listed them as to-be scams or potentially legit ones.
Scams are simply scams. They were directly blacklisted.
Then we went for deeper research with the legit looking ones. We tested all of them personally with live trading accounts with several brokers and finally made the list of our best binary option robots.
It was not an easy task. Tough indeed. (Fortunately, we have a big beta tester team along with our regular live traders’ team that helped us really a lot. Many thanks to them.)
But happiness is that we are not going to present here any half-baked list of binary options trading apps that will not fit the bill.
The listed binary trading systems are well tested and proven to be highly effective for traders in binary options whether you are a completely newbie or experienced one.
After giving all efforts and that long time in research and collecting proofs and testimonials, at last, we have got such a list of binary trading robots that will keep you safe and secured from ending up with fool’s gold.
No more scams, no such fishy things.
You are ready to go full steam ahead to harvest profit in binary options. Period.
Yes…this is going to happen truly with you.
What Is Binary Options Robot?
Over the last few years, there has been some revolutionary changes in binary options trading industry. Among them, most important one is the technological advancement. Binary auto trading with various binary options trading systems is the most remarkable technological achievement in BO trading.
Binary options robot is a special kind of computer program or software that is capable of trading automatically or with a partly automated functionality using randomly generated trading signals based on highly advanced and accurate algorithm.
There are two types of automated trading softwares. Some are fully automated and some are partly or semi-automated.
Fully automated robots can generate trading signals and trade on behalf of you using its automated feature without the help of any kind of manual operation. It works completely on automation.
In case of semi-automated trading robots, one or a group of highly skilled and experienced binary options trading professionals get involved with generating signals and using them in trades. In this case, as a user of the software, you must be very careful to see that the signals are generated in real time. The real time signals should also be delivered in time to make them useful and profitable in trades.
If you are a completely newbie in this sector, it is better to deal with a fully automated binary trading robot. While trading with a fully automated binary options trading software, you need not to generate signals manually. Even you do not need to execute the trade personally. All will be done automatically by the system on behalf of you.
Things to Consider Before Starting Trading with Binary Options Robots
Following are the thing you must consider before starting your journey with any binary options trading robot.
Brokers are very important to start trading binary options. So you must check if the attached brokers are legitimate or duly licensed or authorised under competent authorities.
Free Trial or Demo Account:
Though free account is not always good, we do recommend checking the performance of your robot by trading with a demo account with the attached broker.
Auto Stop-loss feature:
Auto stop-loss feature with a trading account is a very nice thing. It minimizes the risk level of losing all of your investment with a single trade.
Basic training is a must needed thing for newbie traders who is not aware of all technical and risk factors. Even there are some newcomers who does not know how to open a trading account with a broker. Training programs through various ways help the traders to understand the basic market rules, trends and behaviour and also all necessary technical things. All legitimate trading software provides this kind of learning program for their users.
Profitability is the only thing we expect from a trading system in the end of the day. You must check it through various ways. Go for some real testimonials that can ensure the profitability of the software. Check real trader’s reviews and feedback. You may visit some forums to see other traders’ discussion on the performance of the software. If everything looks to be fine, then there is no problem to run for it. Otherwise, simply avoid it. Without a good success rate, it is nothing but a crap.
One or more trusted and proven testimonials can eliminate your confusion on the software whether this will work or not.
This is always clever to go with a robot that supports reverse trading. This is very much helpful when the robot goes through any technical fault and become unable to generate right prediction as it is expected to do.
Dedicated Customer Support:
Who does want to get bad support from the service provider? No one. So you have to think twice if there is any bad report or negative review on the support team of your robot.
Who Will Be Benefitted By using Robots in Binary Options Trading?
The followings are the person or group of persons who can be mostly benefitted by using auto trading software in binary options.
New comers in the industry who has really very little or even zero knowledge in binary options can be benefitted greatly. In fact, many newbie traders have been using such softwares quite successfully.
Not the semi-automated robot, a fully automated robot comes into play in this case. A completely automated trading system is able to execute trades and make money by filling the knowledge and lack of skill and experience of the newbie traders.
So it is always a better opportunity for a new investor to start trading binary options with an automated binary trading robot that has a proven success record.
Advanced Professional Traders:
They are generally high volume traders who like to invest big amount and treat the whole thing as a business. Being highly professional, they have their own patterns of trading and they like to deal with multiple pairs at the same time depending on the market trends and other factors. An auto trading software can really help them to handle these sort of complexities quite hassle-free. Even some auto traders have the option to trade multiple asset or currency pairs at a time only by pushing buttons. Really great!
We call them distracted traders or investors. They are busy with other things and have really no time or not enough time to manage everything. These people have enough extra money to invest and they want to invest their money too. But unfortunately they have limitations with time and other things. So it is quite hard for them to harvest profit by investing that extra money in binary options. Auto trading robot comes as a great help to them. With the help of auto trading software, they can easily get it done when they remain busy with doing other daily stuffs.
Many people now in binary options are doing this exact thing to make a remarkable side earning without pushing their money at risk.
This is not all we know about the best binary options robot. Once we see that any of recommended robots has any downside or is not working well anymore, we will update in time.
Moreover, if we find anything new to be enlisted, we will do it too. This is our commitment. We want everyone here in binary options make profit confidently and fearlessly.
We always say it that binary options trading is not any rocket science. Anyone can be successful here with dedication and right time decision and execution. So don’t be double minded, don’t be confused any more. Invest your time, then your money that you can afford to risk. Success will knock at your door soon.
Always stay in the safer side, but never cut your profit.
Wish you all the best. Happy trading.