“What are Binary Options robots and how do you use them? Robots are another growing trend in the Binary Options community, find out what they are and what we think about them? Are Binary Options robots something you should be using?”
I had never heard the term until only a few days ago. But, I was intrigued. Even, aside from my first humorous visions of actual robots trading Binary Options I was not that surprised by what I found. Binary Options Robots are nothing more than signal providers. A rose by a different name almost. Robots are a little more advanced than a simple signal service and are a very unique form of trading. And these newly evolving services combine a signal with an auto-traders. Typically, automatic trading is nothing new to the investment world or trading world, just something new to Binary Options.
How these Binary Options Robots Work
In order to fully explore how robot trading works I started with a simple Google search for binary options robots. And I chose the best looking result from the SERP and this is what I found. There are many auto trading software are available through online, and all of them have the same intention. And that is to provide automatic trading experience for both advanced and beginner level trader. However, all of the binary options robots are not legit yet. There are also scams software are out there. You have to be conscious before starting to use them. Before trying one, you may have to do some research about the product. A binary options robot is a program that literally takes over your computer, can you believe that!
It may sound crazy but it’s true. Generally, a robot is a third party program that you download onto your computer in order to trade automatically. In order for it work you must log into the robot AND have your Binary Options account open as well. In fact, the robot program detects compatible trading platforms and takes control and any signals generated by the service are picked up by your binary options robots. And the robot then enters trade information like asset, direction and expiration time. It then clicks the enter button and your trade is set.
I was concerned at first that my computer might be unusable all day if I were to use the robot but that is not the case. Even the binary options robots can run quietly in the background, giving you the full facility to use your machine as needed.
Why Binary Options Robots Might Not Suck
Robots don’t suck because they can take the hassle out of trading. Basically, the robots are a signal service at heart so if you choose a really good one it stands to reason that profits will soon follow. In fact, anything that can legitimately enhance my trading and provide sustainable profits doesn’t suck in my opinion. And the caveat here is that robot providers as a group are just as likely to have a losing streak as anyone else. Not to mention the chances of being scammed. Whenever you choose to use a robot be sure to do the proper research and find out which one is right for you.
Why Binary Options Robots Suck
Robots definitely suck no matter why they might not suck. First, you have to know my opinion and the general opinion of us, about signal service providers – we don’t like them, till they finally prove different. However, I don’t want to be too harsh against the businesses and people involved especially those who are really trying to do a good job but come on people and learn to trade for yourself in a proper way. If you are using Binary Options you really need to do it yourself. If you want someone to take your money and lead you to profits then invest in a real retirement plan.
Another reason trading Robots doubly suck because they take over your computer. Just like downloading a virus on purpose. Why would you want to do that? Since you can still use your computer while the robot is working you never know what kind of information they are passing out from the computer.
One more thing you have to know that, Binary Options robots cost money. It is usual that, you have to subscribe to the service and pay a fee which can be monthly or yearly.
My Last Words on Binary Options Robots
To the creators and operators of robots my hat is off to you. Because, you have created a really remarkable and amazing way to trade the binary options markets. However, to the potential users of a robot, I will suggest, don’t trust them too closely. In fact, they are nothing more than the same old thing with a new twist or new look. You should never let someone trade for you like that. Start to do the work, put in the time and the rewards will follow. Since seeking the easy path often leads to failure.