Some traders want to do away with the hard work of market analysis to place a trade. Hence they look for a auto trading software or binary robot to trade for them.
Although it looks like a good decision for a trader to use an Auto trader, so that he can relax, and at the same time profit from market, the market is full of BOGUS auto trading software and robots.
These bogus software auto trade for you to earn a commission for itself, not to generate profit for you.
Hence analyse thoroughly before you select an Auto trading software or binary robot or binary bot.
Some of the trust worthy binary options auto trading providers recommended here.
Auto Trading with Binary Option Robot
Some traders want to do away with the hard work of market analysis to place a trade. Hence they look for a auto trading software or binary robot to trade for them. It is actually possible to trade on auto-pilot , but it involves really big risks of losing your capital. The only way to benefit from these Binary Option Robot are to understand them and practice them in a DEMO TRADING ACCOUNT. Binary Option Robot provided by www.binary-option-robot.com offers you the great feature to practice their Trading Robot in a demo mode without risking real money while learning it.
www.binary-option-robot.com robot automatically places trades for you in your broker account based on well known technical analysis tools like TREND, MACD, RSI, CCI, STOCH and WILLIAMS . You can select all or any tools to follow while selecting a money management method from CLASSIC, MARTINGALE and FIBONACCI.
How ever Binary Option Robot team advises to select one currency pair with a starting balance of $450 using Martingale system method with ALL indicators selected (except TREND ) with 5 minutes or 15 minutes expiry time.
This robot works with 8 currency pairs EUR/USD, USD/JPY, GBP/USD, EUR/JPY, USD/CHF, AUS/USD, USD/CAD and EUR/GBP. The robot interface has more than 10 regulated brokers to select and trade with. You can choose to open account with one or more brokers and manage them from Binary-Option-Robot interface.
How to start trading on Binary Option Robot provided by www.binary-option-robot.com
- Open an Account with Binary Option Robot
- Sign up with a Broker to trade with via Binary Option Robot interface.
- Before starting Auto Trading , manage the settings for best result.
- Select ALL indicators selected (except TREND )
- Select 5 min or 15 min expiry.
- Select a trading method Classic , Martingale or Fibonacci. We suggest Classic or Fibonacci till you see some good result in your account.
- Important :Avoid trading 30 minutes before and after any high impact news. Check for high impact news at www.investing.com
- Practice Auto Trading in a Demo trading environment before putting in real money.
Although it looks like a good decision for a trader to use an Auto trader, so that he can relax while making profit from market. The trader must be aware of BOGUS auto trading software and robots.
Binary Option Robot gives good result while trading is as per the recommendations of the developer. You may apply additional caution of not trading in a volatile market , for doing this just click AUTO TRADING OFF button. Get familiarized with all aspects by trading in demo trading account before trading real money.
NOTE: This article/material is not an investment advice.