Currently, an increasing number of traders in binary options are having a rather hard time ascertaining which broker is the right one for their trading needs. This is mainly because of the huge number of binary options brokers in the market today. One of the aspects that are critical in determining the suitability of any broker for your trading needs is the features on offer by any given broker in the industry. Among the most innovative and essential trading tools and features on offer by some of the leading brokers in the industry is the Auto trading feature. Throughout this article, the Auto trading feature on offer by a good number of binary options brokers today will be discussed.
Based on the observations made by several market studies, many of the beginners in the binary options industry do not have much time to learn the various aspects of this trade; hence be in a position to conduct profitable trades on any binary options platform. To continually profit from trading in binary options, traders need to learn how to carry out financial analysis on the various assets offered by the binary options trading platform they are using. Although such trading aspects are comparatively easy to learn and carry out, many traders do not have the time to learn them. This is why a good number of the beginners in the binary options trading industry would just want to sign up with a genuine broker and start making profit right away by opening and closing positions on the various assets offered by the trading platform. This is precisely where the auto trading feature comes in.
With the auto trading feature on the platform you are using, you will not need to carry out financial analysis on any of the provided assets bin order to be in a position to make a profit. The auto trading feature is designed to utilize the expertise of the leading binary options traders to carry out trades on behalf of the trader. This is why an increasing number of binary options traders today are continually looking for the best auto trading software to enhance their chances of continually profiting from speculating on the prices of various assets in the financial market. According to the majority of professional binary options traders, it is highly advisable for trades to opt for the web-based free auto trading services.
Such free auto trading features happen to support a considerable number of reputable binary options brokers. According to the leading experts in this industry, the most appropriate auto trading software should have the following aspects:
– Should support various reputable brokers
Some of the leading auto trading software in the binary options industry includes, the Binary Hedge Fund and Binary Option Robot. We have tested such software and found them to be more effective than other similar programs in the market. In addition to our review of these two, you can also search online for more reviews of the two from the binary options traders who have tried them in the past and are satisfied with them. Basically, the concept of opening and closing position on any given binary options platform is rather easy for both the beginners in the industry and the experienced traders. However, many of the traders in binary options will attest to the fact that analyzing any of the provided assets and making an accurate prediction of the direction the price will take can be demanding task, regardless of the trader’s experience in trading binary options.
Making an accurate prediction in the financial market requires traders to have a clear understanding of the technical aspects as well as analysis of the market. What makes it even harder is the fact that you have to do this every other time you are opening a position on the provided assets. The good news is that there is an easier and more accurate solution to this, the auto trading software. Although the initial auto trading software were not so dependable, the current software, especially the Binary Hedge Fund and the Binary Option Robot, are more efficient at predicting the direction that the price of any given asset will take. This has simplified the trading process for many traders across the globe. The high level of success associated with such programs may be attributed to the various improvements in their trading algorithms as well as the various innovations on the internet. With such software, it is easier to enter the binary options market and start making profit right away.
Why Make Use Of Auto Trading Software?
Well, the idea here is pretty simple, not all the traders in the binary options industry are in a position to extensively analyze the market and make appropriate predictions. While some traders using the various online binary options trading platforms today do not have substantial experience on the trade, some of them do not even understand the basic concepts of trading in binary options. This makes it more difficult for such traders to continually profit from the trade. Trading in binary options comes with a risk. As such, you need to make use of a program that is guaranteed to help you lower the risk of losing your investment. Using any of the reputable auto trading software makes the trading process much easier for traders and enhances their chances of making a profit while at it.
Reducing the chances of making a loss and optimizing on the chances of profiting are some of the concepts that any binary options trader should assimilate into his or her trading strategy, if he or she is to be successful in the trade. The auto trading programs we have reviewed in this article will automatically generate trade signals and use them to place trades on the various assets in the market. The entire process requires minimal input on the part of the trader; hence making profiting in the binary options world much easier for the experienced traders as well as the beginners in the industry. The traders in binary options can rely on such auto trading programs to offer the trading expertise the trader lacks. This, in turn, increases the chances of the trader profiting from the trade.
As compared to the manual binary options trading, the auto trading feature makes trading in binary options much easier and convenient for the traders. In this regard, the trader does not need to be familiar with trends, volume movements and price movements of the underlying assets in the market for them to make a profit while trading binary options. With auto trading software, trader will not also be needed to analyze charts and market indicators or even the weekly or monthly market reviews offered by various online binary options platforms today, such as the Porter Finance and infamous 24Option. The program will do all this and carry out profitable trades on behalf of the trader. The program will also reduce the time taken by traders to place and close positions on the online trading platforms. This is particularly beneficial for the traders who have rather busy schedules.
The Difference between Auto Trading and Trade Signals
Right now, there are traders who are already confused about the difference between these two features. We are going to clarify the difference between the two as much as possible and bring our readers to the light. Basically, trade signals are being offered by any of the popular binary options brokers, such as IQ Option, today. The signals in the binary options market are intended at offering the traders insight as to which direction the assets they are interested in are likely to move in the near future. Just like the auto trading feature, the trade signals are vital, with regards to simplifying things for traders on the given binary options platform. Trade signals in this industry may be generated by professional and experienced traders or generated by algorithm.
Either way, the signals are conveyed to the traders on the binary options platform via information communication technology on the platform. Once the signals are communicated, it is the sole discretion of the traders to apply the insight to their manual binary options trading.
Automatic trading, on the other hand, makes use of software to interpret such signals and automatically open positions for the trader, in accordance to the prevailing trade signals. As such, auto trading automatically carries out the trading activity for the trader without his or her own intervention. As such, the trader needs to do very little or totally nothing for trade positions to be placed through his or her binary options account, while using the auto trading software. This is where the difference between market signals and auto trading comes in. While trade signals influence the choice of traders using manual process to trade in binary options, auto trading software carries out the entire trading process for the trader automatically.
The benefit using the best auto trading programs today is that traders on various binary options platforms can continually make profits using an array of trading techniques without the trader having to constantly monitor the recent happenings in the financial market. Again, the system is also beneficial for the traders who have multiple binary options trading accounts. This is because the system makes it easier for such traders to manage their binary options accounts.
Types of Auto Binary Options Trading Systems
Currently, there are several types of auto trading systems in the binary options market. The main difference among the various auto trading programs today is their design. The various systems in the market today are designed to function differently.
Experts Auto Trading Software
As you may already be aware, the majority of auto trading systems today make use of algorithmic trading. This type of functioning of the auto trading program is more beneficial when it comes to short term trades. This is mainly because such programs are designed to quickly detect the market patterns that they were programmed to use and consecutively place short-term traders automatically, on the behalf of the trader. On the contrary, professional binary options traders are better of placing trades on trades that have longer maturities as well as the day trades.
For the relatively inexperienced binary options traders, the main consideration should be on the software design, when looking for the most appropriate auto trading software. As such, the functioning of the binary options auto trading software is more important than the functioning of the binary options trading platform that the trader is using. This is because binary options trading platforms are web-based. This is to day that trades are executed from a browser.
Auto Trading Binary Software
It is now clear that not all binary options auto trading systems are designed the same way. As such, the different systems function differently. This being the case, there are those auto trading programs that are superior as compared to the others, with regards to their effectiveness in making accurate predictions in the financial market. In this article, we will focus on the binary options auto trading software that need to be downloaded and installed. Such programs are independent of the binary options platform you are using.
This being the case, the traders need to register with the software provider’s website and pay for the software license, if required, before they can make use of the software. Once you have the rights to use the program, you can install it in your computer and set it up. While setting the program up, you need to provide the login details to your binary options trading account. Depending on the auto trading system you are using, you will be required to change a few settings of the software to ensure that the program is in accordance with your preferences. According to many binary options traders today, the only problem they probably came across while using such systems is carrying out the download and installation as well as set up process of the software. This is particularly the case for the beginners in the world of binary options trading.
Plug-In Auto Trading Software
The other type of binary options auto trading software is the plug-in-based systems. The concept used by these automatic binary options trading systems is to make use of the extensions supported by the current browsers and create minute programs. Such programs will then operate as auto trading overlay on the trader’s preferred online binary options trading platform. In most cases, such automatic binary options trading systems offer traders with a sidebar that features an array of binary options trading settings. Although this concept may seem more practical for traders in binary options, such auto trading programs are the worst kind in the market. This is mainly because most plug-in systems make use of the position of your preferred platform to directly write down the signal data to the brokers’ interface on the web-based trading platforms.
According to many industry experts, this is among the worst auto trading programs you can choose for your trading needs. However, the installation of the plug-in based software is easier, as compared to the installation and set up of the independent auto trading software. In other cases, though, the plug-in auto trading programs need to be downloaded and installed, just like conventional software. In any case, the plugging auto trading programs are known to be less dependable and not so secure. This is because they happen to depend on the performance of the browser they are used on.
Some of the Best Auto Trading Systems Are Web-Based
Without having to basis on the performance of any given automatic binary options trading software, we can safely conclude that some of the best automatic trading programs are the web based ones. These are the programs that you do not need to download to download to your PC, but rather based on the browser interface. The main idea behind the functioning of these programs is that traders can integrate the settings they need in the browser they are using to access their preferred online binary options trading platform. After you have set up such auto trading program and included the necessary settings, you can easily turn the auto trading system on and off by a single click of button on your browser. The fact that these web-based auto trading systems do not require any form of installation has made them some of the most popular and preferred trading programs today.
These web-based automatic binary options trading programs are some of the most reliable and efficient trading programs today. This may be attributed to the fact that their performance and working is not affected by the state of the traders’ computer. In thus regard, such problems as the server-based problems or even internet connection issues, cannot affect the functioning and working of these auto trading programs. These web-based auto trading programs run from a server, which in turn regulates the experience of trading in binary options for traders using the program. Although these programs are web-based, they will still execute binary options traders through your preferred trading platform. The good thing about these web-based programs is that their functioning is not affected by computer issues. So long as you turned the auto trading feature on, the server will continue trading in binary options on your behalf, even when the PC goes off.
Auto Trading Robot Activation Key and Prices
Owing to the many benefits associated with using these programs, an increasing number of binary options traders are constantly asking about the prices of such programs. Well, in this review, we have not been specific; we have just discussed the various types of auto trading systems in general. The truth is that there are many auto trading systems that are good, some of which will be availed at a cost and some that are absolutely free for traders to use. As for the auto trading software that come at a cost, some charge users a monthly subscription and others require traders to purchase software licenses for a one-time cost.
Although some of the best automatic trading systems charge a fee, there are many renowned brands that are offering a free trial version of their auto trading software. Although the free versions of these programs may lack some of the features found in the full versions of the programs, they are still a great opportunity for traders to test the software and understand how it works prior to making the purchase. For the case of paid auto binary options trading software, the traders are required to purchase the activation key and use it to activate their auto trading software, before they can use it to trade in binary options. Many hackers have attempted to come up with activation keys for various auto binary trading robots in order to avoid paying for using such software. This is not advisable because the software may get blocked from the broker; hence prevent you from using it in the future.
Free Auto Trading Robots
If you would like to use an automatic binary options trading robot without having to pay a dime or worrying about the cracked versions of the software, there are still several programs that are good. With the free auto trading software, all you need to do is register for an account with the software provider and set the software up. Some of the best auto binary trading software that you will ever come across, which are free to use, include the Binary Hedge Fund and the Binary Option Robot auto trading software. In addition to being very effective at trading binary options automatically, these two auto trading robots are free and web-based. As such, traders do not have to download and install software in their computers prior to using the software.
Binary Options Robot Suited For Mac PCs
Not all the effective and well renowned binary options trading software have a version for use with Mac Computers. This means that traders using Mac PC to trade in binary options need to look for systems that are suitable for use with their computers. For instance, there are Plug-in auto trading systems that will not work in some cases, but work in others. Among the best web-based auto trading bot that works with Mac PCs is the Binary Hedge Fund. This is because the system does not require the trader to download and install it in his or her PC.
Are There Scam Auto Trading Programs
As versatile as the automatic binary options trading market is today, it can be rather challenging for traders to tell which auto trading robots are safe to use and those that are not. While some of these programs are very effective at what they do, others are actually scams. The scam providers will try to woo traders to use their software with their “make money fast” claims. One of the things you may use to detect such programs is the list of supported brokers. Is the software supports scam brokers; you should avoid it because it is probably a scam as well.