Today, 90% of new traders are using a binary options robot or automated trading system, instead of manually placing trades themselves.
With the allure of making easy money, thousands of people with no trading experience are allowing a binary option robot to do the work for them. But this comes with increased risk, and most people are losing their money fast to scam binary options brokers.
Most binary option robots do not work with licensed brokers, and therefore, most people do not use them. Using a robot with an unlicensed broker is a waste of time as the broker will steal your money and never process your withdrawal request.
When you select a binary options robot, it is important to understand how the robot works.
eToro is one of the largest regulated brokers that offers “social trading”. Clients of eToro have the ability to copy / follow other traders or they can invest in a CopyFund, see here. eToro now has a Crypto Currency fund which is very popular because of all the interest in Bitcoin.
Learn more at: http://eToro.com.
Binary Robot 365
Binary Robot 365 is a popular automated trading software 2017. Their system allows you to select which licensed broker you want to trade with.
You can select from a variety of trading strategies for the robot to trade, and the expiry times of the options.
Get more details at: BinaryRobot365.com.
Binary Option Auto Trading
This software is very advanced and you have many options to configure. It is also purely web based and they are integrated with many of the popular brokers including 24option, see here.
You choose which assets the signals should auto trade for you. You can set a max daily stop loss, and reverse trade.
Scam Binary Option Robots
Every week a new binary options robot is “created”. Most of these robots do not actually work, and many are just a different name for the same signal generator.
We recently had a look at one these “robots” that goes by the name of Nasdaq Inside Trader. Have a look at the screenshot we took of their testimonials. Just like the names are fake, so are the trading results.
Read about more that 50 trading signal services here.
Hedge funds made high frequency trading a household word in 2007 when they managed to extract profits from the stock market based on complex algorithms and automated trading software. The people who created the systems were advanced mathematicians who used historical market data to try and anticipate irregularities in the financial markets that would eventually correct and create a profit.
We have seen all different types of binary options robots. Some produce a new trading signal every minute, and others only produce a signal a few times a day. Some of the best investors in the world, only make 10 trades a year!