Free binary option robots

Free binary option robots

Free binary option robots are a gift to traders. To find a good free robot, however, you need to know a few things. Not all free robots offer a valid service, and not all free robots are easy to handle.

In this article, you will learn:

  • Which types of free binary option robots exist,
  • How to make sense of the advantages and disadvantages of each type, and
  • How to find the perfect free binary option robot for you.

With this knowledge, you will be able to start using a good robot for free.

Which types of free binary option robots exist?

There are two big types of binary option robots:

  1. Robots that run on your computer, and
  2. Robots that run on a server.

Let’s look at the advantages and disadvantages of each type of robot.

Robots that run on your computer

Some robots are available for download and then run from your computer. Most of these robots are require a separate program and often difficult tools to connect to your broker.

One popular setup, for example, is to use Meta Trader, a well-known technical analysis software that can execute automated programs. While Meta Trader enables you to download one of the thousands of robot that are available for it for free, you need to use a connection provider that connects your Meta Trader to your broker.

These connection providers cost a monthly subscription fee, often around $100 per month, and lose about half of your signals. These trades will not be executed, even though your Meta Trader ordered them.

There are more problems:

  • Your system can only work while your computer is running and connected to the internet. Limiting most robots to only a few hours of trading every day, this limitation can greatly reduce your winning percentage.
  • It is difficult to find trustworthy robots. Free downloads are offered to internet forums and specialized sites, where everyone can upload the robot they created. There is no guarantee that these robots work, and with everyone claiming perfect results it is next to impossible to distinguish legitimate robots from the work of clueless amateurs.

As a result of these limitations, trading with a robot on your computer is complicated, and results are uncertain. Luckily, there is a better alternative available.

Robots that run on a server

Compared to robots that run on your computer, server-based robots have a number of advantages. These advantages are:

  • You can buy into proven systems: Instead of downloading a robot from some obscure internet forum, server-based robots allow you to buy into proven systems. All server-based robots publish a history of their past trades. To know whether a robot works, you only need to take a look at these past trades, and you will immediately see the profit you can make with this robot.
  • Your robot will trade 24/7: Free from the need to run on your computer, server-based robots are connected to the internet permanently. They never miss a trading opportunity, they can place more trades, and they can make you more money in the same time.
  • Less maintenance: With a server-based, you do not have to worry about the technical site of the business. Your provider will make sure that the server and the robot are operating properly. All you need to do is manage your investment setting – how much do you want to invest, which assets do you want to invest in, and which strategy do you want to use. Five minutes a week are enough to make these adjustments.

As these advantages show, server-based robots are the superior trading style. They offer a much simpler and more profitable trading style.

To get a server-based robot, we recommend BinaryOptionRobot. BinaryOptionRobot is the only free server-based robot that offers great results. To get started with BinaryOptionRobot, follow our link and sign up for their service.

 

24Option

24Option Review

24Option is one of the mainstays of the binary options industry. The owner of a CySEC license, it stands out from among the multitude of similarly regulated brokers, by virtue of age as well as several unique qualities and features. It hosts major trading competitions on a monthly basis, making it possible for its traders to pocket thousands of extra dollars. Learn more in our 24Option review.

24Option review – all about the broker

The operator also offers great bonuses on decent terms. The maximum returns are in the neighborhood of 89% and the site provides its traders with free signals – a truly valuable asset for beginners. Among the various option types that it supports, 24Option features 30 second options too. Another peculiarity about the operation is that while its minimums on investments are as low as $24, the maximums go all the way to $50,000.

 

24option-trade
Start your trading career today with 24option.com!

 

Platform

Unlike the majority of their peers, who use SpotOption and Tradologic platforms, 24Option have chosen Tech Financials. What this means is that traders are met with a rather unusual interface, which delivers all the perks and functionality that it has to though. The broker offers a secondary site too, which is optimized for tablets, smartphones and other mobile devices. The 24Option platform currently supports four different option-types. Besides the above mentioned short-term options, they also have classic Put/Call binaries, as well as One Touch and Boundary trades.

Account types

To allow their users to have their trading experience customized based on their financial means, their goals and their level of expertise, 24Option have created a number of account-types meant to cater for as diverse a cross-section of the trading community as possible.

The Standard Account is a very reasonable setup for beginners and even for advanced traders. It slaps no restrictions on the tradable asset selection, its maximum payout rates can be as high as 88% and it provides 24-hour customer support.

Those looking for a little bigger bang for their buck, may opt for the Gold Account. This setup allows traders to earn an extra 2% on their investments, while enabling them to withdraw free of charge/commission, once a month.

The Platinum account offers unlimited free withdrawals and 4% more on trades, while the Diamond Account takes that number to 6% and throws in a Free Demo Account. To access the Demo account, traders are required to make a $250 deposit though.

Asset selection

24Option’s asset selection is superb. Traders have some 30 currency pairs they can choose from, in addition to 11 commodities, 19 indices and 45 stocks. Such a vast asset-selection creates many trading opportunities and more ways to put to use the signals offered by the broker.

Reputation

Having been around since 2010, 24Option has often been the target of fraud claims from a number of disappointed traders. While it’s indeed quite certain that there are traders who lost money at the site, it is also certain that their losses did not result from foul play of any type on the part of the broker. Some scam reports are also disseminated by 24Option’s competitors. None of these check out though, and the overwhelming community feedback in regards to the operation is positive. In fact, it is safe to say that 24Option has grown into a the preferred trading destination of many a trader since 2010. Their CySEC license compels them to conduct their operation in full accordance with the EU’s MiFID directives.

Deposits and withdrawals

24Option support several languages and they accept deposits/honor withdrawals in a number of currencies as well. The minimum deposit at the site is $250, but EUR and GBP are accepted as well, in the same amount. Another option is to make a 25,000 JPY deposit. The deposit/withdrawal interface is one of the simplest and most straightforward in the business.

The accepted deposit methods cover wire transfers, credit cards as well as an impressive number of eWallets, like Neteller, Qiwi, Skrill and Giropay.

24option-trade
Start your trading career today with 24option.com!

 

Customer support

Customer support at the site is available in 13 languages and they’re apparently working on expanding that further. The truth is though that live chat support is mostly in English. Response times on emails are fast, and – as said above – even the most basic customers are entitled to 24 hour assistance. Besides email and live chat, 24Option also support a number of toll-free, regional phone numbers for those all-important questions that bear no delay.

Conclusion

Everything tossed into the middle, it’s easy to see why 24Option is one of the most popular binary option brokers out there. Their market coverage is unparalleled, their payout rates are very attractive and their platform has a peculiar type of exclusive appeal to it. Add their monthly trading competitions into that mix, and you have a sure winner!

 

 

 

Binary options demo broker

Binary options demo broker

You want to become a binary options master? Then you need to go through the same apprenticeship that all great master went through. What Leonardo da Vinci and Charles Darwin did with their early experiences, you can do with a binary options demo broker.

 

Binary options demo broker: Become a binary options master

In his book Mastery, Robert Greene analyzes the lives of great masters. Greene is trying to find a common pattern that helped these masters achieve greatness in their field, hoping to be able to extend this pattern and showing us all a path that can lead us to mastery.

For this purpose, Greene analyzes the lives of Leonardo da Vinci, Charles Darwin, and many more masters – and he finds a common pattern. In what Greene calls an apprenticeship, every great master first learned the basics of his field from someone else.

Leonardo da Vinci, for example, did his apprenticeship with the artist Verrocchio. Demanding his apprentices to develop a deep knowledge of human anatomy, the apprenticeship with Verrocchio was crucial to da Vinci’s later work in drawing and engineering.

Similarly, Charles Darwin used his voyage on the HMS Beagle to make the discoveries that later led him to create his theory of evolution. Taking him to places such as the Galapagos Islands, places that he would have never seen without the Beagle, Darwin’s apprenticeship was crucial to providing him with the variety of experiences that later helped him draw conclusions about how different species developed.

As an aspiring binary options trader, you too have to go through an apprenticeship to become a master. In contrast to Darwin and da Vinci, however, you do not have to hope for lucky circumstances that provide you with great circumstances – you can make your own luck by getting a binary options demo account.

A binary options demo account works exactly like a real trading account, but it allows you to trade with play money. This set-up allows you to create your own apprenticeship. Instead of having to wait for someone to introduce you to the secrets of binary options, you can go out there and make your own experiences.

With the huge amount of learning resources that are available for free on the web and with the education centers that most binary options brokers offer, you can easily find the knowledge you need to complete your apprenticeship.

 

Which binary options demo broker should I get?

In the search for the best demo accounts, we have tested all brokers and created a comprehensive list for you. You can confidently choose any broker from our list. They all offer a completely free demo account without hidden fees and without hidden commitments.

There is, however, one major difference between the demo accounts: some brokers offer their demo accounts as a feature of their regular demo accounts and some brokers offer their demo accounts as stand-alone accounts.

This difference has far-reaching consequences:

  • A stand-alone demo account provides you with an easy sign-up process. Enter you email, choose a password, and you are good to go. To get a demo account that is a feature of a real account, you first have to get a real account, which involves depositing money with the broker, mostly $250. While you can withdraw this money once you are done with your demo account, thereby allowing you to use the account for free, it is nonetheless an extra step you have to anticipate.
  • A demo account that is a feature of a regular account allows you to easily manage and reset your demo. If you have spent all your play money, for example, you can simply write an email to your broker’s customer support and they can reset your account.
  • Because of these two differences, stand-alone demo accounts and feature demo accounts target a very different audience:
  • Feature demo accounts are ideal for risky traders that want to try many strategies, always risking failure and, therefore, needing an easily resettable demo account.
  • Stand-alone demo accounts are ideal for risk-averse traders who have less need to reset their demo accounts but are reluctant to deposit money with a broker they have not yet tested.

If you want a stand-alone demo account, we recommend you sign up with IQ Option, one of the very few brokers that offers a stand-alone demo. If you want a feature demo account, you can choose any of the other brokers on our list. If you want the best broker, we recommend you use Banc De Binary, which offers a demo with a whopping $50,000 in play money.

Trade with IQ Option now
Start trading today with a small deposit of only $10 with IQ Option!

 

What comes after the apprenticeship?

Once you have completed the apprenticeship, you can start to trade successfully. Nonetheless, you should not expect to become an instant master. Greene outlined three phases to mastery:

  1. Apprenticeship.
  2. Create-active phase.
  3. Mastery.

Your demo account can get you to creative-active phase. In this phase, you will already be able to make money with binary options, but you will not yet have gained the intuitive command great masters have. You are, however, on the right path. Keep at it and keep using your newly learned skills, and you will eventually become a master, too – thanks to the path your binary options demo account has led you on for free.

 

Moving Average Crossovers

Moving Average CrossoversTrading moving average crossovers is an effective trend-following technique used by many successful traders. To master this technique for your trading, however, there are a number of things you need to know.

Moving average crossovers in trading

A moving average calculates the average price of the last periods. The moving average repeats the process for each period in your chart, always using the last periods from the respective period’s position. For each period, the result is drawn into your chart, thereby creating a line. The position of this line in relation to the current market price can generate trading signals.

By defining how many periods you use to calculate your moving average you can vary the nature of your moving average crossovers. A moving average based on only a few periods is agile and stay close to the current market price. The more periods you use to calculate the moving average, the slower the moving average will be to react to price movements and the further the moving average will be from the current market price.

 

Using the crossover to generate signals

Most of the time, the moving average and the market will move in the same direction. In times of changing market direction, however, the moving average will be slower to react. Depending on how many periods you use to calculate the moving average, the moving average’s delayed reaction will cause the market to cross the moving average sooner or later.

This crossover is a trading signal.

When the market crosses the moving average upwards, it creates a buying signal. When the market crosses the moving average upwards it creates a long signal. When the market crosses the moving average downwards it creates a short signal.

When a trend changes direction, these signals create very good investment opportunities and generate a high percentage of winning trades if you use High / Low options. At first glance, this strategy seems easy and successful. There are, however, some problems.

In times of sideways market movements the market can cross the line of the moving average a number of times and create invalid signals. Also, once the market has crossed the moving average, it does not necessarily remain on one side, even if the trend remains intact. Retracements and market fluctuations can cause the market to cross the moving average again and create short lived false signal.

Eliminating false signals

If you trade all of these signals, your winning percentage will suffer greatly. Short swings across the moving average will already have moved back across into the other direction when your binary option expires and you will lose your trade. With a strategy like this, there is no guarantee you will win the 70 to 80 percent of your trades necessary to make a profit with binary options.

There are, however, a number of ways to improve your strategy:

  • Wait for a number of periods to confirm the crossover: When the market crosses the moving average, you can wait for x numbers of period to see if the market swings back quickly. If it does not but does continue to move away from the moving average you can invest in a binary option more safely.
  • Wait for the crossover to extend: To eliminate false signals you can make it a rule that the market has to cross the moving average for minimum extension before you invest. You can calculate this minimum extension by using a percentage of the asset’s price, an average of the last periods trading ranges, or another relevant value generated by a technical indicator.
  • Search for increased volume: You can only invest in crossovers that are accompanied by an increase in volume.
  • Using highs and lows instead of closing prices: In an uptrend, you can make it a rule that the low of a period has to cross the moving average, not just the closing price. Conversely, in a downtrend, the high has to close the moving average before you invest in a change in trend direction.

 

Martingale Money Management Systems

Recently, some traders started advertising martingale money management to the binary options community, and some auto traders for binary options started using martingale money management systems. Therefore, it is important to understand the difference between a conventional and a Martingale money management system.

What are the Martingale Money Management Systems?

The logic behind a conventional money management is simple: Every trading strategy will eventually cause a number of losing trades in a row. To survive such a losing streak, a trader needs to limit his investment per trade.

Therefore, with a conventional money management system, a trader always invests a small, fixed percentage of his total capital. If a trader has a total capital of $1,000 and invest five percent of his total capital per trade, for example, he would invest $50 for each trade. As his bankroll increases, he increases his investment. Should he bankroll decrease, he would decrease his investment.

Martingale Money Management SystemsWith a Martingale money management system, on the other hand, a trader would do the exact opposite: He would increase his investment after a loss. The logic behind a Martingale money management system is that if you have lost money, you have to invest more to win the lost money back.

The simplest version of a Martingale money management system is a well known example from roulette: A bets on either red or black. If he loses, he doubles his investment. He repeats this process, until he eventually wins a round. Ideally, this strategy will always win him the amount he first invested.

Does Martingale Money Management work with binary options?

Throughout history, many people have used Martingale money management systems in all sorts of investments. They all encounter the same two problems:

1) Limited capital

The most obvious problem of a Martingale money management system is the limited capital of the investor. At some point, increasing the invested capital simply becomes impossible because investor does not have enough money left.

Of course, this requires a relatively long losing streak. If you plan to earn money with binary options, however, you will have to invest for a long enough amount of time that such a losing streak will certainly occur at some point.

Since every round of Martingale investing prior to your losing streak can at best generate a return of your initial investment, but a losing streak will cost you hundreds of times your initial investment, such a losing streak will wipe out all prior gains you made using a Martingale money management system.

2) Unfair odds

A Martingale money management system implies that, with every turn, you have an equal chance of winning or losing the same amount of money. In reality, though, this is almost never the case. With high / low options, for example, you will receive a payout of at best 75 percent your investment. If you lose a trade, however, you will lose 100 percent of your investment.

This means, after you lose your first trade, you have lost one investment (1 I). With the Martingale money management systems, you will invest twice the amount on your second trade (2 I). Even if you win this trade, you will only win 75 percent of your investment for this trade, which is only 1.5 times your original investment (2 I x 0.75 = 1.5 I). This shows the dilemma of the martingale money management system: Your odds are constantly getting worse.

If you lose your second and your third trade, you will invest eight times your initial investment with your fourth trade. By this time you have invested 1 I (first trade) + 2 I (second trade) + 4 I (third trade) = 7 I. Your investment of 8 I on the fourth trade, however, can only win you 8 I x 0.75 = 6 I. That means, even if you win your fourth trade, you will lose the amount of your initial investment. Since 75 percent is a relatively high estimate for a payout with high / low options, your odds in real life trading are even worse.

The same math applies to any kind of binary option. While touch options offer a higher payout, your binary options broker will calculate the payout always in a way that makes using a martingale money management system unprofitable.

In conclusion, the Martingale money management systems will work perfectly, at first. Sooner or later, however, you will encounter the severe problems that come with a Martingale money management system. Combined with binary options, a martingale money management system will certainly fail. If your auto trading system offers a Martingale money management, make sure to deselect it. If you are trading manually, do not use a Martingale money management system either.

How to Create a Winning Binary Options Strategy!

Typically, there are no sure bets in trading; you just need to ensure that your winning percentage is higher than the losing percentage. Most importantly, do not give in to panic attacks no matter how bad the trade is going. You can create a winning strategy by learning about the market you want to trade in. Do not be discouraged if it does not work out at first; keep pushing until you find your sure footing.

 

How to create a winning binary options strategy that works:

Finding a Strategy

Establishing a working strategy comes from previous experience. As you continue trading, you will learn valuable lessons and you will identify what move works and what ends up in a disaster. Gather all the information you have, and set them against your objectives. You have a lot to think through at this point; because you will pick an asset, the duration you want to trade and the amount of money you want to invest. When you find something you can work on, test it first before placing real money on it. Try a demo account first and see where that takes you.

Copy and Paste

It is not a crime to copy someone else’s work (I mean trading strategies). You have done it severally in other areas, so there is no harm in bringing your life skills into the trade. If you come across a working strategy, go ahead and use it. However, you should proceed with caution because some strategies might work for someone else and not for you. First, consider the underlying factors before committing. Do your own testing until you are certain it can work for you.

 

Winning Strategy
Winning Strategy

Formulate Your Own Strategy

You can combine your evaluation from previous experience and someone else’s strategy and get a working strategy that you can call your own. You can do so much with the available online resources. Take a particular strategy and customize it to suit your needs. Nonetheless, you should not try to change the strategy only try making it better. If you try to re-invent a strategy, you will end up making it worse and you will believe that the strategy is not good.

Also Read More About- How to Earn More Money by Trading In Binary Options Trading

 

Test the Strategy

Everything about binary trading revolves around testing. Testing can save you a significant amount of money. Even software testing is the critical step in a software development. You have to test your strategy before you invest real money. Testing in this context means practicing until you make it right. Use a demo account and a charting software to test the strategy. Eventually, evaluate the strategy and establish if you get a significant winning percentage.

How to Earn More Money by Trading In Binary Options Trading

Making money on Binary Options Trading

Binary options trading is simple to do, because the trading procedure is easy to follow. It involves the existence of a binding financial agreement, where a trader can earn money by determining the direction of value of a financial asset, at a predetermined period of time.

There are many types of assets to choose from and you do the trading to keep trading fun and interesting.

What you have to do, is to decide if the value of the asset your betting on will rise or fall, this will be time bound when you submit your prediction, and if your prediction is correct, you’ll earn cash. Before you even get started, with only two options, your chance of winning is 50%.

So, with some hard work, experience and knowledge under your belt, you can increase your chances and earning potential.

What to Be Careful About While Selecting a Binary Broker

The popularity of Binary trading has risen in recent years, and if you want to make good profit, then it is necessary to have the right broker with you. Most of the times you can find many persons calling themselves binary options brokers and you have to be careful in selecting the best among them. This is very important, as it is a key factor that will have a great impact on your trading activities.

What to be careful about while selecting a binary broker  – find the right broker for you:

Binary Trading BrokersThe broker you select must be very knowledgeable and must be very clear about the ways of putting your money to work for the best possible outcomes. Today, there are many websites on the Internet, calling you to appoint them as your broker, and most of them are entities that do not offer any way of checking their credentials in order to evaluate their level of trading proficiency. You have to be careful in finding the right broker, one that shows his or herself to be a credible and knowledgeable broker, who has the integrity to act in the best interests of there clients.