Binary Option Robots? A Review After Two Weeks

One of the hottest things that investors are looking at because of the high returns is the Binary Option Market. There are literally hundreds of these companies active today that allow the average person to trade in Binary Options. Binary options are trades made upon a single (hence binary) decision point – will the value of an asset increase or decrease over a defined time period. An individual chooses the asset, chooses the amount they would like to invest and then chooses the direction they feel the asset will move. Quite simple. However like any asset traded the more you know about fundamentals and events the better the opportunity to turn a profit.

This leads me to the discussion on auto trading systems. To be clear, I am not affiliated in any way with any of the systems reviewed.

Almost all of the systems make large claims about turning small accounts into hundreds of thousands of dollars – or millions as some claim – in a very short time frame. However, having tested several, not all are living up to their claims and in fact result in the erosion of your capital or do not work at all. All of the systems operate on the basis that they are ‘free’ but you need to sign up for a brokerage account through their system (in essence they are then being paid by the brokerage for a new account). It is important to note that the review and results are a reflection of my own experience.

I tested the following systems: 7 Day Millionaire; 70K Method; Christmas Profits; Kraken; and Binary Option Robot. In all cases I funded the accounts and followed the directions for auto trading. The Kraken, Christmas Profits, and 7 Day Millionaire are all based on the same platform. No matter what I did, or which browser I tested I could not get these three to make an automatic trade. I exchanged email with the support at the 7 Day Millionaire but was unsuccessful in making auto trades. Therefore these bots did not live up to the promise of auto trading.

All three of these web portals did offer signals. I decided to test the signals from the Kraken (on an Option.fm trading account) and made nineteen trades. Six of these trades resulted in wins (31.5%). Based on this result, I would not recommend using these bots for trading signals (we will cover trading signals in another article).

The 70K Method application (tied to a Mayfair account) did perform auto-trading functions. However the results were less than ideal. Eleven trades were placed over a two week period and there were ten lost trades and one win. This is far less than the 85-90% win ratio advertised in the marketing materials.

The Binary Option Robot is the most promising of the bots reviewed. It was set up with an account from No1Options. This software made forty four (44) trades over the period of the trial. Twenty one (21) of these trades were winners and one was a tie. It did make the trades by itself and appears to have logic around stop losses built into the software.

Therefore only the Binary Option Robot produced results – and those were less than what had been advertised. However I do like the stop-loss feature and this tool could be a good complement to an active trader and find some wins when you don’t have time to trade.

Stay tuned for the next article in this series as we explore trading signals software.

Binary Options And Trading Software

Trading binary options is a rather new but one of the simplest investment strategies. You don’t have to be a finance guru to make some extra money, however, you still need to know what you are doing. Let’s look at the basics involving binary options trading and how to get started.

What Are Binary Options?

Binary options, or digital options as they are also called, are options that only have two outcomes. You can either make lots of profits or lose it all. When you are trading these options, you need to predict whether the asset will go up or down during a certain time limit, you don’t really need to buy the asset. Some of the better known assets to trade are Equities (stocks) or Forex (foreign exchange).

There are two types of binary options you can invest in:

1. Call Options – this should be bought when you think the price of the asset will go up.

2. Put Options – this should be bought when you think the price of the asset will go down.

All binary options have an expiration time, which is usually quite short ranging from minutes to up to a month. Usually people trade with 1 hour or less options. This time limit is also one major benefit of this kind of trade – you can make money fast. Then again, if you don’t know what you are doing, you can also lose it fast.

Binary Options Trading Software

One way to stay safer, trade faster and hopefully make more profits is to use good binary options trading software. Using this kind of software has a lot of benefits.

First of all, the platforms are usually very easy to understand and use. Also, the software gives you all the real time market information you need to make your decisions and predict whether the asset will go up or down.

Most providers let you set up a demo account for free so you can practice before spending any real money, or they give you some money to practice with. It’s not rare to get an up to $300 start-up money for free to play around with and get a hand of the process. You can learn some strategies and develop your style without losing any of your own hard earned cash. From the software you get tips and tutorials to help you and give you support, all you need to do is sign up and download it or in some cases, just use it in your browser or on a mobile device.

By using binary options software you also get access to option signals that help you decide how the price of the asset will fluctuate. Still, it can’t do everything for you. You need to learn the ropes and find out how this market works, how to follow trends and which kind of strategy will give you the best outcome.

How To Choose The Right Software

If you are just a beginner, you need to choose a broker/software that is the easiest to use and understand, one that puts their clients needs first and provides great customer service. It needs to give you all the stats and signals to make your investment decisions easier.

The broker you choose also depends on what kind of assets are you interested in, for beginners it’s recommended to look for short term options involving forex. This is probably the easier to predict and understand.

Last but not least, the software you use must have fast and secure payment and withdrawal options – after all, you are in it to make money so you must be able to withdraw your funds quickly.

Conclusion

Investing is never easy, however, trading binary options has made it much more attainable for the average Joe. So if you are interested in learning the trade, find a good binary options software with a demo account and maybe some start-up credit to get you going.

Some Abstruse Mysteries Revealed About Binary Options For New Buyers

Binary options are considered as one of the simplest and transparent systems, which is based on “all or none principle.” Binary options is a business, based on some trading strategies that help a buyer (also called as owner) to deal with the asset that he opts for binary trade. The underlying asset can be any currency, product, commodity or stock. Binary trade aids the owners to earn maximum profits and optimize their earnings. But when anyone is new to this trading business, there are some hidden secrets for binary options business for new buyers that can help them accelerate their binary business.

Trading floor levels are very important in binary options. Use of colors for the trading floor makes it really easy to have a look on how the assets are trending. For example, red color can be used as a signal to show that the value of an asset has dropped from the previous day (after closing), and green color can show that it has risen.

The next thing is expiration period of binary business contract. If used correctly, it can be a lifesaver for the investment, as it assures a money back guarantee after the contract is finished. Expiration level is also called upon by Reuters. For binary options, one has to be aware that this expiration level is the most beneficent piece of paper to maximize the profits.

Time zone of the broker and the company is equally important in binary options. If the time zones and trading hours in different markets are not adjusted, then there is a chance to miss the closing time and can result in losing the expected profits. It is more comfortable and preferable to use the trading platform on the web. In this way, there is no need to download software and also beware of the boring updates.

Choose a binary options broker that does not allow minimum withdrawal amount of assets,because with this feature,it becomes easier to manage the commission fees, if payments are drawn once a month. In binary trading, before engaging, it is very necessary to have an effective and long-term plan, which will always lead to success. To make good decisions and to see the performance of assets that you opt for binary trade, it is necessary to check out the expiration values of the past. Good binary broker has clear binary options business plans and avoids fake promises. And the last advice is that, learn from your own mistakes. Even the most experienced people in binary options make mistakes, so it is something very obvious for new comers. To become a better binary trader, review where the mistakes are done and do not make them again.

Before engaging yourself in binary trading options, you must keep in mind all the above advices. They can surely help anyone to successfully navigate the stock trading waters and earn maximum profits.

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