Choosing to participate in the binary options market can provide a valuable additional source of income without needing to understand the complex details of the finance markets. There is no need to deal with the potential huge losses which are common when stock market trading. Binary trades can generate significant amounts of profit very quickly. However, as with any type of investing, there is a catch! The rate of return can vary from seventy to ninety five percent; however the risks associated with some types of binary trade are high. The inexperienced trader can easily miss subtle signals and fail to achieve a profit.
It is a fact that binary options have often been compared to gambling and there is a similarity. Each trade involves stating a prediction of price movement regarding specific assets. If you get it right you will receive your funds back and a considerable return. However, get it wrong and your funds will disappear. There is no middle ground; every trade carries a fifty percent chance of going right, or wrong. Trading without any experience is common, but to play successfully as well as consistently you will need to analyze market movements and research the best approach and techniques.
Unless you wish to spend time studying price adjustments it is likely you will quickly see your capital diminishing, it is quite possible you will decide this is not the right venture for you. Fortunately there is now an alternative; the automated binary options trading software. These systems are designed to undertake trades without you needing to do a thing. You do not even need the knowledge of this market as the software will monitor assets and trade accordingly for you. Whilst any software has flaws and can get it wrong, in general they are very effective systems. You can simply login periodically to view the current level of profit.
The choice then becomes which of the automated systems do you use? This review deals with one called Binary Option Auto Trading; although not yet very well known it does offer some potential.
The Binary Option Auto Trading Basics
This opportunity has been in existence for just a few months. This is often seen as a disadvantage in business as the company and automated software will need to compete with some well established systems. Even if the system being offered was excellent, the developers will need to work exceedingly hard to gain a foothold in this lucrative market. Unfortunately this is where one of the most damaging flaws of Binary Option Auto Trading appears; the lack of information on their website regarding who developed and owns the software as well as their level of experience and expertise in these finance markets. This may not seem important but anyone who has experienced binary trading before will know that there are many fake sites operating which are simply attempting to separate you from your money. By not supplying these important details the firm is already setting the warning bells ringing. The same would be true of any business which operates in this way; loyalty and trust can only be established if a business is open and honest with its customers. Indeed, the right marketing strategy can inspire loyalty in an inferior product even when the consumer knows it!
Getting Started with Automated Binary Options Trading
To start using this service simply visit BinaryOptionAutoTrading website and choose the register button. There are three steps which need to be completed. The first of these is the provision of your address and full name. You will also be required to supply a valid telephone number and then create your own password. The second step involves choosing a brokerage; you cannot trade without one! It is possible to choose from an array of brokers willing to connect with the system but none of them can be considered as well established firms. Although this may not seem drastically important, there is the potential that some or all of them are scams and caution should be used. Finally you will need to complete the registration process by funding your new account; you cannot trade without money. If you choose to use this service it is advisable to only fund an account with the minimum amount; it must be done by credit card. Although credit cards allows you to cancel a transaction and give some protection, the fact that they do not list any other payment options should make you question how genuine it is.
Signals and the Binary Options Auto Trading Software
A signal is an essential part of any automated binary trading software. The software usually uses algorithms to monitor assets and price movements; historical and current. It can then locate an opportunity for a potentially rewarding trade. This opportunity is classed as a signal; a good signal will provide a high chance of a positive return. A bad signal will not. When reviewing which automated trading system is best for your needs it is important to assess the accuracy of any signal. This is exactly why these systems are better than a human generated trade. Despite claiming that all the signals are handled in real time, it does not clarify this and provides no indication of how well their signals perform.
Review of the Binary Option Auto Trading Software
This firm has embraced modern technology by creating a software system which is completely internet based. You do not need to download any software. This effectively side steps any risk of corrupted or virus filled files infecting your operating system. It also makes it much to log into your account, no matter where you are; whether you have a laptop, tablet or a smart phone it is possible to access this automated binary trading software. You should also be pleased to learn that the BinaryOptionAutoTrading system is completely free. Although the software appears well designed, it does feel more ‘clunky’ than the majority of automated binary options trading systems. This may be due to the amount of time the developers have spent on writing the software or simply to a lack of new ideas, but, it does work effectively and is free!
Binary Option Auto Trading Website
It could be said that this web page feels ‘clunky’ but it is an elegant site and can definitely be classed as attractive. The front page of the site is designed to promote signing up to their service; you can easily skip past this and just precede to signing in. Although much of the site is designed with promotion in mind the BinaryOptionAutoTrading site is well written and grammatically correct. Although there is a certain level of authenticity gained by this, unfortunately, the focus of this automated binary options trading platform is centered firmly on promotional material. There is simply not enough trading information regarding the owners of the site and the development of the automated binary trading software.
Automated Binary Options Trading Support
As with the majority of the binary option brokers, BinaryOptionAutoTrading offers the ability to speak to a member of the support team virtually instantly via live chat. The support staff are knowledgeable and friendly as well as being eager to help. They will offer advice and guidance; helping you to improve your rate of returns. Alternatively you can email the support team and receive a response within a few hours.
How the Automated Binary Options Trading Software Makes Money
There are two main methods for an automated binary trading firm to generate their own income. The first is from losing trades. Every time you place a trade with Binary Options Auto trading and it ends up out of the money the firm take the money. The second method is through a commission feedback from the broker. This is provided once you sign up for an account and is often the reason you are asked to sign up for several accounts. When your trade ends up in the money it is likely that the software provider will receive no funds; not a desirable situation for them. The problem this generates is that it is very difficult to find a balance which will be fair to both the trader and the brokerage; it also needs to provide them both with a profit!
The Advantages and Disadvantages of Binary Option Auto Trading
You will find some good and some bad points associated with this automated binary options trading opportunity. Unfortunately the bad currently outweigh the good:
Keep it Simple – Using automated binary trading software means no requirement to study or research the market. Instead your time can be occupied with other things; merely check on your account on occasion to see the returns which have been generated. The most active part of this trading is activating an account and setting individual parameters. Although it is also possible to use these binary options robots to help learn the best techniques for trading, it is not essential.
Cost – You do not need to download anything in order to use this system. There is also no charge for accessing it. The only cost to sampling this software is the deposit; which you should be able to get back!
Details – The serious lack of clarifying information regarding owners, developers and signal qualities is a serious disadvantage. It is exceptionally hard to confirm whether this automated robot is genuine or not. Without these details most customers should be very wary about using this automated binary trading software.
Supervision – The downside of any automated system is your surrender in the decision making process. Your personal risk and other factors can be set; then the specialist software will handle everything for you. Although this is supposedly a positive feature it is frustrating if you notice the software misses your trading points or your trades keep ending badly.
The goal of any market trader is to generate consistent profits; to do this using an automated system you must choose the one that provides the best results. Even then it is advisable to gain a thorough understanding of the principles and strategies involved; this will allow you to monitor the automated processes and take control if required. BinaryOptionAutoTrading site is relatively new; it still has the time to take note of these reviews and improve its service. However in the present moment this is one of the best binary option robots the industry has to offer.