If you are considering investing in binary options, you need to learn what they are and how they work. The good news, though, is that you can take a short cut.
It takes years to develop the skills required to be a professional trader. You will need to attain a high degree of understanding of technical analysis, and learn the hard way how this market works.
But there is another way: you can simply get a robot to take care of the trading for you. A robot is a software solution that has been developed to do the trading on your behalf. Why spend years studying technical analysis when you can get a robot to do all the hard work?
In this article we give you a brief introduction to binary options, and explain how you can benefit from a binary robot.
What are binary options?
A binary option is a way to make money in the financial markets without actually buying and selling stocks, shares or commodities. It is an easier, faster and more efficient way to invest your money than old fashioned trading.
Basically, a binary option is an investment vehicle that asks you to make a simple prediction: will the price of a specific stock, commodity, market index or currency move up or down? All you have to do is make your choice: up or down. There is no need to enter the markets to buy gold or oil, or shares in that company or the next. You simply make a prediction with a binary broker. If you are correct, the broker will pay you a predetermined return on your investment.
Binary options are simple and easy to understand. This is one of their great plus points. Another major benefit, when compared with old fashioned investments like stocks, is that they offer very high returns – up to several hundred percent.
A third important pro is that they offer the chance to make money very quickly. A binary option can have running time of as little as 30 seconds. That means that you can make big money for half a minute’s work.
But even though investing in binary options is very straight-forward, actually being successful is not so easy. You need to understand the market, you need to be able to process a lot of data and read complex statistics in order to make correct predictions consistently.
What is a binary robot?
A binary robot is a computer program that has been designed to analyse market information in order to identify promising opportunities for binary trades. Once such opportunities are discovered, the robot executes the trade automatically. It is a bit like an auto-pilot for binary traders.
This means that by leaving your investing to a robot, you can make as much money as an expert without going through all the hassle of learning about markets and statistical analysis.
Plenty of companies on the web offer robots. Many of them employ highly skilled professional traders to supplement the work of the computer software. Such a package can be of enormous benefit to inexperienced traders.
There is, however, one drawback with binary robots, and that is price: many of them charge a lot of money – more than a beginner trader ought to spend – on their services. Basically, if you are a new trader, you should spend your money on making trades – not tie all your funds up in a robot.
And this is where we have some truly great news for you: the very best robot on the market is free to use! BinaryOptionRobot is not only an outstanding robot that offers a brilliant piece of software, combined with a team of highly accomplished professional traders. It also doesn’t charge its users anything at all.
How to trade using a binary options robot?
Using BinaryOptionRobot to take of your trading couldn’t be any easier. You simply visit the robot’s website, and register as a user by filling in a brief online form.
The next step is to open an account with a binary broker via BinaryOptionRobot. The robot partners with a number of well-respected brokers that you can choose from.
Once you have signed up with a broker, you transfer money to trade with to your new account. As soon as you complete this step, your broker will pay BinaryOptionRobot your subscription fee. You are now free to use BinaryOptionRobot without incurring any cost.
You open BinaryOptionRobot, and specify how much you wish the robot to invest per trade it executes automatically on your behalf. That’s it – the robot will now be your personal trading machine, scanning the market for good opportunities, and making investments when the time is right.
There are several settings and extra features that you can adjust and activate with BinaryOptionRobot. You can read more about them on this site. Just keep in mind that you don’t need to bother with any of them in order to make money. BinaryOptionRobot will take care of that without any further input from you.