If you are looking to really earn a lot of money on binary options, you need to be in it for the long haul. This is not a get rich quick scheme – it is a serious investment opportunity. That means that in order to turn your initial investment into a serious amount of cash, you need to achieve good results over time.
And this is where things can become challenging. Many traders can spot the occasional opportunity, and be able to capitalize on it. Trading in that way, by looking out for a trade here and there, is OK if you just want to make a quick buck once in a while. But if you intend to make the most of binary options, you need to trade frequently. You need to trade a lot, and win a lot.
If we are being honest, it will take many years to attain the level of expertise required to make 5-10 trades per day and winning the 60 – 80 per cent you need to turn a profit. But there is a shortcut. And that shortcut is called binary robots. In this article on how to trade with binary robots, we tell you about binary robots and how they can impact your binary strategy.
How to trade with Binary Robots – and how to benefit from them
The most basic way in which you can benefit from a binary robot is by increasing the two most important parameters you need in order to achieve lasting success as a binary trader:
- Trading volume – how many trades you complete
- Success rate – the percentage of trades you win
A binary robot can boost both of these crucial aspects of your binary trading. A robot is essentially a computer program that processes and analyses an enormous amount of market data. It is continuously on the lookout for good trading opportunities. When a good trading opportunity is identified, it will execute a trade automatically.
If you use a robot, you simply tell the robot how much you wish to invest per trade, and the robot will take care of the rest. Every time an opportunity arises, the robot invests in a binary option accordingly for you.
This means that you leave your trading up to the sort of expert software that professional traders – the guys who make the seriously big bucks – rely on to inform their trades. By entrusting your business to a robot, you are basically outsourcing it to the experts.
There are, however, two drawbacks with using a binary robot:
- Robots can be prohibitively expensive and eat up too much of your total budget
- A lot of robots do not keep what they promise and do not deliver the results advertised
Fortunately there is one robot that does not come with any of these two drawbacks. That is BinaryOptionRobot. This robot delivers consistently good results, and is even free to use. Instead of charging you, the trader, it instead gets paid by the broker you use. This means that this is a very good deal.
Binary robots and binary strategies
If you sign up with BinaryOptionRobot, the robot will take care of finding good trading opportunities on your behalf, and then executing the trades for you. However, the overall strategy is still up to you to define. With BinaryOptionRobot, this in particular involves the following aspects:
- Money management
Now, if you have read a few articles about binary strategy, you will know that money management and risk are crucial pillars of any such strategy. When you start trading via BinaryOptionRobot, the very first decision you have to make is defining how much you wish to invest per trade. According to smart money management, you should invest around 2 to 5 % of your total funds per trade. However, as the robot executes trades on your behalf, your total will change, and so – obviously – will what constitutes 2 to 5 %. For this reason, you ought to keep an eye on the robot’s performance, so that you can adjust the size of your investment accordingly.
When it comes to risk, most robots will make the call on your behalf regardless of what sort of strategy fits best for you. Not BinaryOptionRobot. By attaining a VIP membership with this robot, you earn the opportunity to decide what level of risk you would like the robot to operate with on your behalf. This leaves you in total control.