Binary Options Auto Trading Reviewed
Understanding What Automated Binary Trading Is
When you wish to trade in binary options but are unsure of the best way to get started this can be the perfect solution! Automated binary trading software allows you to create a binary account and trade without needing to do anything. The software will select the right trades for you and purchase the options; you simply need to view your profits as they grow. The real question is with all the automated solutions available is this a genuine investment opportunity or a scam?
Binary Options Auto Trading Scams
It is likely that you will have heard the word ‘scam’ connected with automatic binary trading software. However, although there are some operators who are only looking to scam you there are many who are offering a fair and legitimate opportunity. The important point here is that you will find those who promote the ‘get rich quick’ scheme by using automated software. This is not possible. It is possible to generate a significant amount of funds by using this software as part of your overall investment scheme.
Every automated binary trading site should advertise their success rates. They may even offer a guarantee. You will often find that these firms advertise their win rate as above ninety percent when in fact they are closer to seventy five percent. This is the same win rates as you can often find in the currency markets. In fact, this is a high enough rate to provide a genuine profit on your investments. In order to make consistent returns and generate the higher levels of profit you will wish for you should view the signals as part of an overall strategy. This will ensure you monitor all other factors, including economic movements and global news. If you are unable to utilize all the different approaches it will be difficult to continue making profits for the long term.
Using Binary Options Auto Trading to Make Money
The majority of automated binary training software uses algorithms which assess price movement in-line with past and current trends. When the right criterion is met a signal is generated and the trade is placed for you. These are the systems which provide approximately seventy five percent win rates. Some of these automated robots will not even perform as well as this and will actually cost you money, rapidly depleting your funds. However, if you sign up to an account at one of binary options signal providers, you will be provided with a win rate of eighty percent. Whilst this sounds excellent, it is likely that this will translate into an accuracy of roughly seventy five percent. This means that an eighty percent win rate will become a fifty six percent actual rate of return. If you win fifty six percent of your trades then you may just about break even.
It is therefore difficult to call this type of trading a scam although it is not likely to generate the profits you hope for. The important lesson to learn here is that an expected win rate is likely to be on the assumption the signals are right every time; assessing the signal accuracy will help you to decide how good the real win rate is and whether it is worthwhile investing in a specific automated binary trading robot.
The Binary Options Auto Trading Money Generator
Some of these systems will provide you with their services for free. However, the majority of them will charge a fee of up to $100 per month. Alongside this the automated provider will earn a good rate of commission from the broker which you sign up to. In general the higher your initial deposit the better their commission. Most software providers will seek to encourage you to sign up with as many binary options brokers as possible to ensure they have the maximum income; this is how they are the real winners every time.
Benefits of Binary Options Auto Trading
The most obvious benefit of any automated binary trading software is to allow you to place trades when you are unable to yourself. The software will generate the signals which indicate when to trade and will then place the appropriate trades for you. This should provide you with the opportunity to generate a much higher level of profit simply by the increased trades possible in automated trading.
The automated binary trading software is exceptionally easy to set up and can be a very useful way for anyone new to this type of trading to gain an understanding of binary options trading. In general you should simply need to create an account and add your binary broker details.
As an added bonus the use of a payment service known as ClickBank means that there is a sixty day guarantee on any product purchased through the scheme. As most binary trading services are bought using this service you will be able to get a refund if you are not completely satisfied with the agreed timeframe.
The Cons of Binary Options Auto Trading
Unfortunately it is impossible to confirm how good any service is before you commit to using their services. This means you will have to part with your cash before you can properly assess the Binary Option Auto Trading software.
As already discussed, the suggested win rate is not necessarily accurate. It is relatively easy to create a screen shot which has been adjusted to state what the software provider wants it to. This must be taken into account along with the cost of signing up to the software. To achieve a small profit you will need a proven win rate of at least seventy percent. Using automated binary trading software means that you will no longer have a say in which trades are placed. You must be sure that a system which trades without you watching will take the appropriate risks; or you will quickly deplete your funds.
In general the firms that offer the automated service will be more interested in keeping binary brokers happy than you; this is because this is where the bulk of their funds comes from. Their main aim is simply to get you to sign up; after that if you make money or not it is relatively irrelevant to them. It is also important to note that your personal details will be shared between the automated software owners and the brokerages you connect to. Receiving spam is a common complaint after signing up.
Finally, you should be wary of any software which you download as it can have viruses or malware attached to it. As the majority of providers do not verify their download is free from these you will use them at your own risk. This could be potentially harmful to your computer and your personal information.
Choosing between Auto Trading or Signals
The decision as to which suits your purposes better must be yours. However there is a distinct advantage to manually trading with automated signals. This ensures you are always comfortable with your signals, trades and the rates of return. The better you understand the binary trading industry the more successful you will be at generating an income.