The Pros And Cons Of Automated Trading Systems

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Binary Options Trading has become one of the most popular investment businesses these days. People like to earn easy money sitting at home without putting much effort into it and moreover, who would want to sit in front of their computer screen and want to trade for hours?

The answer to this problem is the automated binary options trading software with which you can make the computer do your trade. This software are also known as robots or auto traders and they can lessen all the problems that you could face when you trade manually.

This also allows common people like you and me to trade without any hardcore knowledge of advanced financial and economic strategies and make money. These days the number of automated binary options trading software have increased by leaps and bounds and the authenticity of this software are quite questionable. This is because most auto traders are not licensed and this opens up the opportunity for fraudsters to develop their own fake software and sell it to common people and trap them and steal their money.

But now it has become quite easy for them to make fraudulent sites, and as people were not able to differentiate between the fraudulent and legitimate sites this led them to suffer heavy losses. So today, in this article I will tell you how you can identify a fraudulent or Scam system.

But before we go into that let me tell you what Binary Options Trading is. Binary Options Trading is a financial trading in which the payoff is a fixed amount or nothing at all. Generally, traders trade through regulated platforms that provide with licensed brokers but day traders and amateur traders can also trade using the automated trading robots or software.

But before trading through these software one must know what kind of product they are dealing with so trading hours with binary option robot automated to make sure they are tricked. So, let me help you to learn how trading hours with binary option robot automated can identify a Scam software among the variety of trading systems available online.

Here I have listed the various ways with which you can identify a Scam System. Option Robot is one such genuine sites which have regulated brokers and they clearly give details about the broker sites with which they will link you up as soon as you make an account. Just have a look below. For example, the person shown above is a very well known the fiverr actor who is regularly hired by scammers to provide testimonials or as a spokesperson of scam systems.

Check the picture below. As we know that the scams will never end, so that is why trading hours with binary option robot automated is important to stay alerted from this bogus systems whenever you would come across. Here are some of the Binary Options Scam brokers Lists that one must avoid. So these are some of the details that you can notice to identify a scam software. Be very careful while noticing these details as some of these are not easily noticeable.

Try to avoid any kind of suspicious system if you have a little bit of doubt. The best thing is to check up reviews about these suspicious systems and investigate the matter so as to save yourself from scammers and to avoid any kind of online theft. What is Binary Options Trading Platform?

How to Identify Scam System: These are the financial regulatory agency that trading hours with binary option robot automated a license to these trading platforms on the basis of the trading hours with binary option robot automated provided by them. Generally, fraudulent sites are not licensed by these agencies, but sometimes they use fake logos to confuse people.

So be sure to check them out carefully. Sometimes they even offer the free trial, but this is nothing but a ploy to take away your money which you could have invested in some other legitimate source and earned loads of money with it.

Sometimes they use a hired persons to share a testimonial or to be their spokesperson in the promotional videos. They are actually not the owners of these scam sites, in fact, they are just actors who have been hired to provide you with false details. Checking the age of the website is another best option for catching these scam makers. You can just copy the domain address and paste it in the who. These websites are generally two or three months old and the information they provide on their sites is that they have been trading hours with binary option robot automated this for a year or so, basically, they are just lying about everything.

In the videos, you will come across the actors, who will tell you about a unique algorithm that they have created and with they have earned loads of money. But in reality, these are just bogus things made up by them to trick you. Watch the video carefully to notice that they will keep on bragging about this algorithm but they will never explain to you how the algorithm really works. The algorithms that are used in the Options Trading platforms are unique and very different from each other. This is because the possibility to generate such huge amounts are not possible in binary options trading at least every day.

Another important thing that you can do is change your VPN and then check. When you try it normally without changing the VPN then you will notice that they might provide some bogus limited offer but as you change your VPN you will notice that the numbers in those limited offers have changed drastically. Sometimes they even have time limits that are about to get expired as you enter but when you just change your VPN the time resets.

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To succeed in binary options trading, a trader should have the right combination of investment, time, and effort. If a trader lacks in any of the aforementioned requirements, then generating revenue from binary options trading would only remain a mere ambition, rather than an achievable reality. A good Binary Options Robot will perform the complex task of identifying trading opportunities, determining the investment amount, and placing orders — all based on simple settings via an user-friendly interface.

In simplest terms, a binary trading robot replaces a human being in making decisions related to trading. The number of conditions can theoretically range from one to infinity. Correspondingly, depending on the complexity, the software may consist of a few lines to several hundred lines of coding. When the conditions pertaining to a buy or sell trade are met, the robot triggers the corresponding order through the website of a connected binary broker.

The order is then placed after considering restrictions, if any, put forth by the trader. The restrictions may include, but not limited to; expiry time, the maximum amount that can be invested in a trade, total number of trades that can be simultaneously placed, which assets are to be traded or discarded, etc.

However, automated trading is not actually easy. It takes several months to build a robot which can generate consistent returns, and there are numerous variable to consider. For example, a robot that performs exceptionally in a bull market, may start losing in a bear market and vice-versa. Therefore, it crucial that you use a robot that was adequately back and forward tested in numerous scenarios.

Back Testing is the process of testing the program based on past historical data, while Forward Testing or paper trading is the process of validating the trading logic in a live market without the actual use of money at an integrated broker. TradersAsset Tip — Ensure that the binary option robot you are considering using has existed for a reasonable period of time. This means that the robot has withstood the test of time. BinaryOptionsRobot our top choice above , is a classic example of this.

Once a funded real account is opened with a binary broker through any of the reputed and popular automated binary option robots related websites discussed above, a trader should arrive at the optimum settings in the following manner. The undeniable advantage of automated trading is that a robot is not prone to emotion. When volatility increases, even the most seasoned trader can make mistakes.

Another benefit to robot trading is the absence of fatigue. As time passes, human beings can lose concentration due to a dip in energy levels — again resulting in an increased likelihood of making costly mistakes.

As outlined above, if you prepare, test and pre-define settings correctly, a trader can profitably entrust the job of binary trading to a robot. Automated Trading — Binary Options To succeed in binary options trading, a trader should have the right combination of investment, time, and effort.

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