Automated binary system is a scam find out here why
Is Binary Robot Scam? The use of robots in auto trading is a trend that is already causing ripples in the binary options world. The indispensable aspects of robots to trade round the clock is increasingly becoming popular because they widen exposure to financial markets hence boost profitability.
With technological evolution gathering pace, the number of binary options robots has taken a sharp upward curve. So are you conversant with binary options robots? Ever heard of Binary Robot? The Binary Option Robot Website is an automated trading software that sprung to life in summer The software has enjoyed an unexpected meteoric rise thanks to its promise of being different from the other trading software.
The Binary Robot trading tool offers services in over 12 languages and allows users to customize their own settings for optimized gains and real-time trading experience. Moreover, traders can set trading amount, preferred assets for trade, the number of investment, and the expiry date. There is also the freedom to apply one of their money management strategies which include Martingale, classic, and Fibonacci. Since its emergence Binary Robot Review system has won the heart of many binary traders but one controversy continues to linger.
Is Binary Robot a scam? One of the sells for Binary Robot software is its ease of use. For this reason, the process of getting started is pretty simple and intuitive. Trading with this BinaryRobot software is a breeze and you just select your ideal broker from a drop-down menu, then enter your email address, telephone number, and create a password. Once you are registered and the verification is done you will gain the access to the broker cashier and the robot interface where you will get the chance to fuel your account with either Neteller, Debit Card, or Skrill.
The next step is to turn the robot On to initiate the Auto-trading. The degree of customization accorded by this software is something to marvel at.
In its full autopilot format, this software will follow every of your predetermined instruction thereby keeping you in total control over the investments. Trading becomes as easy as the following three steps. And just in case you want to untangle any complexity related to the robot you will have the opportunity to seek advice from phone support team or via the live chat functionality.
This Binary Robot App is absolutely free; no monthly costs nor up-fronts will be charged once you register on this software. You just sign up on the official website then you will be requested to join one of the associated brokers. Once you fund your account you will be legible to initiate trade without any deduction being made. This has been one cause for concern amongst novice, but the software is offered for free to increase the number of triumphant traders who will eventually refer other traders to join the associated brokers.
By so doing commission is generated from the partnered brokers thereby exempting the charges for the trader and putting the responsibility on the recommended brokers. The software uses three money strategies including Martingale, Fibonacci, and Classic. The robot will place every trade with the fixed amount set by the trader. This strategy is incredibly good for traders with a low-risk appetite, the robot will keep placing with a similar trade amount unless it is adjusted.
Under this strategy, Binary Robot system will double the trade amount after every lost trade. This is a high-risk strategy but it brings high returns. The strategy gives traders the chance to recoup all the losses from the previous trade. This strategy is automated binary system is a scam find out here why the opposite of the Martingale management strategy. Under this strategy, the robot will automated binary system is a scam find out here why the trade amount after every trade won.
This is the most popular strategy and is preferred by a good number of binary traders across the globe. This is greedy strategy and the idea automated binary system is a scam find out here why that you win a trade when the market conditions are favorable therefore the probability of striking a deal in the subsequent trade is high.
The Binary Robot Review App is based on these advanced strategies since they deliver profitable trading opportunities. You can have a view of the latest Results on this trading robot on the website. This Robot has a legal status and offers services as a licensed company.
The company has bestowed regulated brokers with the responsibility to guide traders and the have expressed total confidence in them. The company is also out to serve their clients professionally and in case of any questions, they automated binary system is a scam find out here why be directed to the management or the support team. There is an online live chat support, in addition, all registered traders can launch any complaint directly by generating a ticket via the platforms official Binary Robot website.
You just provide the details automated binary system is a scam find out here why and phone number used during the registration process. There is also the contact form that can be filled by traders to direct their concerns, ask question regarding the trade, or recommended an associated broker.
The customer support team is truly qualified and they respond to question within 24 hours. Moreover, clients have the chance to launch concerns via email at Support binaryrobot Join the Official Website here: Though this Binary Robot trading robot is juvenile in comparison, it has won the hearts of many binary options traders as a scam free system.
It gives traders the freedom to fully manage their account and customize their own trading strategies. Is Binary Robot a Scam?
Binary Robot Review and Results!! Key Features of Binary Robot Explained: Freedom to trade with a regulated broker from a bulging pool of professionals. Select your ideal broker and enter your details Log in into the robot.
Is Binary Robot Free? Why Choose Binary Robot
We have close to a thousand articles and reviews to guide you to be a more profitable trader in no matter what your current experience level is. Read on to get started trading today! The time span can be as little as 60 seconds, making it possible to trade hundreds of times per day across any global market.
This makes risk management and trading decisions much more simple. The risk and reward is known in advance and this structured payoff is one of the attractions. Exchange traded binaries are also now available, meaning traders are not trading against the broker.
To get started trading you first need a regulated broker account or licensed. Pick one from the recommended brokers listwhere only brokers that have shown themselves to be trustworthy are included. The top broker has been selected as the best choice for most traders.
These videos will introduce you to the concept of binary options and how trading works. If you want to know even more details, please read this whole page and follow the links to all the more in-depth articles.
There are however, different types of option. Here are some of the types available:. Options fraud has been a significant problem in the past. Fraudulent and unlicensed operators exploited binary options as a new exotic derivative.
These firms are thankfully disappearing as regulators have finally begun to act, but traders still need to look for regulated brokers. Here are some shortcuts to pages that can help you determine which broker is right for you:.
The number and diversity of assets you can trade varies from broker to broker. Commodities including gold, silver, oil are also generally offered. Individual stocks and equities are also tradable through many binary brokers. These lists are growing all the time as demand dictates. The asset lists are always listed clearly on every trading platform, and most brokers make their full asset lists available on their website. Full asset list information is also available within our reviews.
The expiry time is the point at which a trade is closed and settled. The expiry for any given trade can range from 30 seconds, up to a year. While binaries initially started with very short expiries, demand has ensured there is now a broad range of expiry times available. Some brokers even give traders the flexibility to set their own specific expiry time. While slow to react to binary options initially, regulators around the world are automated binary system is a scam find out here why starting to regulate the industry and make their presence felt.
The major regulators currently include:. There are also regulators operating in Malta and the Isle of Man. Many other authorities are now taking a keen a interest in binaries specifically, notably in Europe where domestic regulators are keen to bolster the CySec regulation. Unregulated brokers still operate, and while some are trustworthy, a lack of regulation is a clear warning sign for potential new customers. We have a lot of detailed guides and strategy articles for both general education and specialized trading techniques.
From Martingale to Rainbow, you can find plenty more on the strategy page. For further reading on signals and reviews of different services go to the signals page. If you are totally new to the trading scene then watch this automated binary system is a scam find out here why video by Professor Shiller of Yale University who introduces the main ideas of options:. In addition, the price targets are key levels that the trader sets as benchmarks to determine outcomes.
We will see the application of price targets when we explain the different types. Expiry times can be as low as 5 minutes. How does it work? First, the trader sets two price targets to form a price range.
If you are familiar with pivot points in forex, then you should be able to trade this type. This type is predicated on the price action touching a price barrier or not.
If the price action does not touch the price target the strike price before expiry, the trade will end up as a loss. Here you are betting on the price action of the underlying asset not touching the strike price before the expiration. Here the trader can set two price targets and purchase a contract that bets on the price touching both targets before expiration Double Touch or not touching both targets before expiration Double No Touch. Normally you would only employ the Double Automated binary system is a scam find out here why trade when there is intense market volatility and prices are expected to take out several price levels.
Some brokers offer all three types, while others offer two, and there are those that automated binary system is a scam find out here why only one variety. In addition, some brokers also put restrictions on how expiration dates are set.
In order to get the best of the different types, traders are advised to shop around for brokers who will give them maximum flexibility in terms of types and expiration times that can be set. Most trading platforms have been designed with mobile device users in mind. So the mobile version will be very similar, if not the same, as the full web version on the traditional websites. Brokers will cater for both iOS and Android devices, and produce versions for each. Downloads are quick, and traders can sign up via the mobile site as well.
Our reviews contain more detail about each brokers mobile app, but most are fully aware that this is a growing area of trading. Traders want to react immediately to news events and market updates, so brokers provide the tools for clients to trade wherever they are. So, in short, they are a automated binary system is a scam find out here why of fixed return financial options. Call and Put are simply the terms given to buying or selling an option. As a financial automated binary system is a scam find out here why tool they in themselves not a scam, but there are brokers, trading robots and signal providers that are untrustworthy and dishonest.
Our forum is a great place to raise awareness of any wrongdoing. Binary trading strategies are unique to each trade. Money management is essential to ensure risk management is applied to all trading. Different styles will suit different traders and strategies will also evolve and change. Traders need to ask questions of their investing aims and risk appetite and then learn what works for them. Binary options can be used to gamble, but they can also be used to make trades based on value and expected profits.
So the answer to the question will come down to the trader. If you have traded forex or its more volatile cousins, crude oil or spot metals such as gold or silver, you will have probably learnt one thing: Things like leverage and margin, news events, slippages and price re-quotes, etc can all affect a trade negatively.
The situation is different in binary options trading. There is no leverage to contend with, and phenomena such as slippage and price re-quotes have no effect on binary option trade outcomes. This reduces the risk in binary option trading to the barest minimum. The binary options market allows traders to trade financial instruments spread across the currency and commodity markets as well as indices and bonds.
This flexibility is unparalleled, and gives traders with the knowledge of how to trade these markets, a one-stop shop to trade all these instruments. A binary trade outcome is based on just one parameter: The trader is automated binary system is a scam find out here why betting on whether a financial asset will end up in a particular direction.
In addition, the trader is at liberty to determine when the trade ends, by setting an expiry date. This gives a trade that initially started badly the opportunity to end well. This is not the case with other markets. For example, control of losses can only be achieved using a stop loss.
Otherwise, a trader has to endure a drawdown if a trade takes an adverse turn in order to give it room to turn profitable. The simple point being made here is that in binary options, the trader has less to worry about than if he were to trade other markets. Traders have better control of trades in binaries. For example, if a trader wants to buy a contract, he knows in advance, what he stands to gain and what he will lose if the trade is out-of-the-money.
For example, when a trader sets a pending order in the forex market to trade a high-impact news event, there is no assurance that his trade will be filled at the entry price or that a losing trade will be closed out at the exit stop loss. The payouts per trade are usually higher in binaries automated binary system is a scam find out here why with other forms of trading.
This is achievable without jeopardising the account. In other markets, such payouts can only occur if a trader disregards all rules of money management and exposes a large amount of trading capital to the market, hoping for one big payout which never occurs in most cases. In order to trade the highly volatile forex or commodities markets, a trader has to have a reasonable amount of money automated binary system is a scam find out here why trading capital.
For instance, trading gold, a commodity with an intra-day volatility of up to 10, pips in times of high volatility, requires trading capital in tens of thousands of dollars. The payouts for binary options trades are drastically reduced when the odds for that trade succeeding are very high.
Of course in such situations, the trades automated binary system is a scam find out here why more unpredictable. Experienced traders can get around this by sourcing for these tools elsewhere; inexperienced traders who are new to the market are not as fortunate.
This is changing for the better though, as operators mature and become aware of the need for these tools to attract traders. Unlike in forex where traders can get accounts that allow them to trade mini- and micro-lots on small account sizes, many binary option brokers set a trading floor; minimum amounts which a trader can trade in the market.
This makes it easier to lose too much capital when trading binaries. In this situation, four losing trades will blow the account. When trading a market like the forex or commodities market, it is possible to close a trade with minimal losses and open another profitable one, if a repeat analysis of the trade reveals the first trade to have been a mistake. Where binaries are traded on an exchange, this is mitigated however. Spot forex traders might overlook time as a factor in their trading which is a very very big mistake.