Binary options Robots and Auto trading:
It is always better to analyse the market yourself and place the trade, since you can’t just trust a binary options signal provider with your hard earned money. But you may take help of these signals to identify and analyse the opportunity. If you see it is a strong signal, then you may place a trade. I personally don’t recommend to follow any signal provider blindly. Almost all trading signal providers don’t offer a verifiable trade log for their signals.
There are many binary signal providers, who provide you real time signal. You have to act as soon as possible and place a trade. Some times the signal becomes invalid as the market condition changes very fast, so you can’t use that signal.
With many years of trading experience in binary options , I suggest the Binary options traders in Malaysia not to follow trading signals blindly. You must verify the trading signal on a Chart and understand its potential before placing a trade. On Mobile phones it is not easy to refer to the charts and analyse them before placing trade, hence Malaysian binary option traders should avoid trading from mobile phones as its not easy to analyse the signal or chart properly. Although mobile platform offers great way of trading on the go, proper analysis and judgement can not be sacrificed as it involves real money.
While referring to trading signals , ensure its not generated by your binary options broker as it is bound to a conflict of interest. Always take signals from trusted third party analysts. Some signal providers offer free signals if you signup with their recommended broker, and they want you to trade more so that the signal provider can earn more commission. You must avoid such binary options signal provider.
Some reputed binary options brokers offer their client a free subscription to a trusted third party signal provider. These signal providers are well known for their analysis and recommendations.
Binary options Auto trading ( Binary Options Robot ) :
Binary options auto trading gives you an easy way to trade binary options without sitting in front of the computer for long hours. The trade in placed automatically in your trading account by a automated software (called binary options robot). Its looks very easy to go for binary options robots, but choosing the right and reliable auto trading software is very difficult. Many of the robots available are fake and don’t help you make money, but the robot providers make money by getting a commission from the binary option brokers.
Just ask your self one question, why some body would offer a money making robot to a stranger for few bucks, rather he can install as many as robots as he can and make millions of Dollar every day.
Hence, there is no foolproof and safe Binary Options Robot available. It is very easy for a Binary Options Robot to blow off your account, rather than make some money for you.
But there are few Binary options Robots , that can be analysed and tested. Some of these robots generate signals , the trader must analyse them and place a trade to increase his chances of success. Hence choose the binary option robot (Binary Bot), binary auto trading software wisely.
Here are few Binary options Robots or Auto traders, you can try in a demo account and use them to assist in trading.
Trading Robot :
This binary options robot is from . The designer of this robot claims that , it is based on several technical analysis and can be used on most commonly traded pairs like EUR/USD, GBP/USD, USD/JPY and AUS/USD to name a few. It give the freedom to apply one or more or all the technical analysis to generate a trade. The robot generates trading signal based on RSI, MACD, CCI, STOCHASTICS and TREND to generate a trading signal. It also offers several money management strategies like CLASSIC , MARTINGALE and FIBONACCI. It is compatible with major brokers like 24option, Banc de Binary etc.
Binary Option Robot:
Binary options Robot is one of the oldest binary robot available with thousands of subscribers. You can buy this robot software or you can use it for free, if you signup with a Binary Option Robot recommended broker. It offers very easy to use web interface with complete guidance and support. Binary robot comes with risk management and several technical analysis tools to select from for trading. The best thing about this robot is that it is compatible with Windows , MAC and Smart Phones.