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The Best Technical Analysis Trading Software
There are those who say a day trader is only as good as his charting software. While that’s debatable, it’s certainly true that a key part of a trader’s job — like a radiologist’s — involves interpreting data on a screen; in fact, day trading as we know it today wouldn’t exist without market software and electronic trading platforms.
A lot of software applications are available from brokerage firms and independent vendors claiming varied functions to assist traders. Most brokerages offer trading software, armed with a variety of trade, research, stock screening, and analysis functions, to individual clients when they open a brokerage account. In fact, the bundled software applications – which also boast bells-and-whistles like in-built technical indicators, fundamental analysis numbers, integrated applications for trade automation, news, and alert features – often act as part of the firm’s sales pitch in getting you to sign up.
Much of the software is complimentary; some of it may cost extra, as part of a premium package; a lot of it, invariably, claims that it contains “the best stock charts” or “the best free trading platform.” Fact: There is no single best stock chart or best stock screener software. There are too many markets, trading strategies, and personal preferences for that. But we can examine some of the most widely-used trading software out there and compare their features. Whether their utility justifies their price points is your call.
One of the most popular stock trading software applications, MetaStock offers more than 300 technical indicators, built-in drawing tools like Fibonacci retracement to complement technical indicators, integrated news, fundamental data with screening and filtering criteria, and global markets coverage across multiple assets: equities, derivatives, forex, futures, and commodities. Both its MetaStock Daily Charts Subscription and its MetaStock Real Time packages (especially geared for day traders) include its highly praised stock charts software.
If you are interested exclusively in U.S and Canadian stocks and funds, then TC2000 offers a good solution. Features include stock charts, watch lists, alerts, instant messaging, news, scanning, and sorting.TC2000 offers fundamental data coverage, more than 70 technical indicators with 10 drawing tools, and an easy-to-use trading interface, as well as a backtesting function on historical data. It does not, however, offer automated trading tools, and asset classes are limited to stocks, funds, and ETFs.
Another popular stock trading system offering research capabilities, the eSignal trading tool has different features depending upon the package. It has global coverage across multiple asset classes, including stocks, funds, bonds, derivatives, and forex. eSignal scores high on trade management interface with news and fundamental figures coverage, and its stock charts software allows for a lot of customization. Available technical indicators appear to be limited in number and come with backtesting and alert features.
An integrated trading and charting software system, providing an end-to-end solution from order entry to execution with customized development options and third-party library integration compatible for more than 1000 apps and add-on products, NinjaTrader is one of the commonly used research and trading platforms. It’s especially geared to futures and forex traders. Apart from the usual technical indicators (100+), fundamentals, charting, and research tools, it also offers a useful trade simulator, enabling risk-free trade learning for budding traders. NinjaTrader is free to use for advanced charting, backtesting, and trade simulation. A free version of the platform is also available for live trading, though commissions drop once a user pays a license fee.
Offering advanced level products for experienced traders, Wave59 PRO2 offers high-end functionality, including “hive technology artificial intelligence module, market astrophysics, system testing, integrated order execution, pattern building and matching, the Fibonacci vortex, a full suite of Gann-based tools, training mode, and neural networks,” to quote the website.
One prominently highlighted feature of the EquityFeed Workstation is a stock hunting tool called “FilterBuilder”— built upon a huge number of filtering criteria that enable traders to scan and select stocks per their desired parameter; advocates claim it’s some of the best stock screening software around. Level 2 market data is also available, and coverage includes OTC and PinkSheet markets. However, it offers limited technical indicators and no backtesting or automated trading. Its product-specific search tools like ETFView, SectorView, etc. rank among the best stock screening software. And it even offers free trading platforms – during the two-week trial period, that is.
Targeted at active, short-term traders with precise entry and exit strategies, ProfitSource claims to have an edge with complex technical indicators, especially Elliot Wave analysis and backtesting functionality with more than 40+ automated technical indicators built-in. Its asset class coverage spans across equities, forex, options, futures, and funds at the global level.
With trading platforms and analytics software that cover different geographic regions (for the U.S., UK, Australia, Canada, Singapore, Europe, Hong Kong, India, and South Africa), VectorVest is the one for the intercontinental crowd. Its program offers comprehensive coverage for common technical indicators across major stocks and funds all around the world. VectorVest also offers strong backtesting capabilities, customization, real-time filtering, watch lists, and charting tools.
For users specifically looking for charting software, INO’s MarketClub offers technical indicators, trend lines, quantitative analysis tools, and filtering functionality integrated with a charting and trading system — not just stocks, but futures, forex, ETFs and precious metals.
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The Bottom Line
The decision to go beyond free trading platforms and pay extra for software should be based on the product functionality best fitting your trading needs. You can often test-drive for nothing: Many market software companies offer no-cost trial periods, sometimes for as long as five weeks. Novice traders who are entering the trading world can select software applications that have a good reputation with required basic functionality at a nominal cost — perhaps a monthly subscription instead of outright purchase — while experienced traders can explore individual products selectively to meet their more specific criteria.
Day trading software is the general name for any software that helps you analyse, decide on, and make a trade. It may grant you access to all the technical analysis and indicator tools and resources you need. The best software may also identify trades and even automate or execute them in line with your strategy. Whether you’re after trading software for beginners, or as an advanced trader, with more options than ever before, doing your research has never been so important.
Firstly, you’ll find out precisely how these software packages work. This page will then highlight what to look for from your broker’s software offering, whilst breaking down forex software, stocks software, and others in detail. It will also touch upon software demo accounts, equipment and the regional differences to be aware of.
Best Trading Software 2020
How Trading Software Works
Online day trading software can be broken down into four categories:
- Data – Before you start trading for the day you need to know the prices of the stocks, futures and/or currencies you want to trade. For stocks and futures, those prices will usually come from the exchange where they are traded. Forex, however, doesn’t have a central exchange.
- Charting – Smart traders will usually chart prices in charting software. Many vendors will also offer data feeds. These charting packages usually offer basic technical analysis indicators. Opt for a more advanced package and you can benefit from more indicators and the ability to backtest your strategies.
- Trade execution – With your data to hand and after analysing it on a chart, at some point you’ll want to enter a trade. For that, you’ll need some sort of trade execution software, an electronic trading platform. A lot of software today will also allow you to develop your own trading strategies with an application programming interface (API). They may also offer you automated trading capabilities specifically for day trading.
- Broker vs independent vendor – A lot of brokers will offer software directly linked to their in-house systems, but you can also use third-party applications through independent software vendors with brokers that support such integration. The benefit of third-party solutions is that they often have more advanced features and enable you to trade with several different brokers with one single interface.
Mac or Windows?
When choosing your software you need something that works seamlessly with your desktop or laptop. Any crashes or technical issues could cost you serious profit. Fortunately, the day trader is no longer constrained to Windows computers, recent years have seen a surge in the popularity of day trading software for Mac.
MetaTrader4, for example, is the worlds most popular trading platform. It’s user-friendly, so combined with an easy to navigate Mac, it’s ideal for both beginners and veterans. But whether you’re looking for the best trading software for Mac or Windows, check reviews to ensure the technical tools, data feeds, portfolio trackers, backtesting capabilities and any other features you require won’t run into compatibility hurdles. In addition, make sure the initial trading software download is free. Reputable brokers shouldn’t charge you for the installation privilege.
Mobile Day Trading Software
You can also get extremely useful mobile trading software, normally in the form of an app on iOS and Android. These aren’t designed to replace desktop applications as they lack in the capabilities area. They are best used to supplement your normal trading software.
Make sure when choosing your software that the mobile app comes free. A good app will provide succinct market updates, trends and the usual stock price tickers. If the app overloads you with information that pushes you towards impulsive decisions, stay clear.
What To Look For
Brokers will often offer standard software, but if you want additional features that may be essential for your strategies then you may have to pay significantly more. So conduct a thorough software comparison before you start trading with your hard earned capital.
Cost & Need
- Does it meet your needs? – There is no one size fits all. Different trading software will suit different people. Are you following a simple stocks strategy such as moving average tracking? Alternatively, do you want to employ a more complicated multi-conditional strategy? Will you need a direct forex feed? To make sure it caters for your needs get a free software download trial and practice day trading on it first.
- Cost – How much does day trading software cost? It’s all too easy to opt for the cheapest trading software. Whilst this may save you money in the short term, you may be sacrificing essential features your strategy requires. Adding these features later may cost you even more than if you’d invested in a comprehensive software to start with. Also, check to see if the software is available as part of the standard brokerage account, or does it come at an additional cost?
- Execution speed – Time is money and nowhere is that truer than in the day trading world. Ensure your software will allow you to enter and exit trades swiftly. Check reviews for any trade execution red flags. A few seconds could be the difference finishing being in the red or black at the end of the day.
- Accessibility – Is it a web based software offering? If so, you’ll need just an internet connection to get online, plus you’ll have zero installation, update and maintenance costs. Web based trading software is the best option for beginners. However, if you employ extremely complex algorithms, you may need a computer based installable software. Bear in mind this will be a far more expensive route to go down.
- Features – Day traders rely on short term price movements to turn a profit. What does your strategy need to monitor these price fluctuations? Will you need charts, particular data feeds, news sources, specific market access? If so, check whether these will be included as standard.
- Analytics – Does your strategy depend on technical indicators and pattern recognition? Will the software recognise arbitrage opportunities? A comprehensive analysis software will provide you with all the analytical features you need in one user-friendly bundle.
Forex Trading Software
Which is the best forex trading software available on today’s market? With hundreds to choose from, finding the right software for your needs isn’t a straightforward decision. The first question to ask would be ‘what information, resources and tools do you need to enhance your forex strategy?’
Below are some of the most popular currency trading software available:
- Trading platforms – These enable you to manually manage and execute forex trades.
- Trading signal generators – These will provide you with recommended levels for which to enter and exit positions.
- Technical analysis software – These will offer you charts of historical exchanges rates, plus a wide range of technical indicators.
- Automated forex trading software – Once you’ve pre-programmed your rules and strategy, these programmes will automatically execute trades on your behalf.
Stocks Trading Software
With today’s volatile market trends, picking the right stock trading software is essential. It is often said that there are very few stocks worth trading each day. That means identifying them before they make their big move will be what separates the profitable traders and the rest. Before you purchase, always check the trading software reviews first.
In addition, look for the following capabilities from your software:
- Market scanning – The programme should scan the market for potential opportunities and swiftly draw your attention to stocks of interest.
- Charting software – These will help you decipher market conditions, so look for software that keeps their charts user friendly, or even offers customisability options.
- Portfolio tracking – This will help you keep a close track of all previous trades, helping you to identify mistakes and hone your strategy.
- Backtesting– The software should enable you to backtest your trading systems against historical data, giving you an idea of whether and how successful your strategy will be, before you risk real capital.
Other Instruments & Markets
On top of the software for the instruments above, you can also get your hands on the following:
- Commodity trading software – There’s a rich supply of international trading software for the commodities markets. Plus, you can get your hands on some of the best free online trading and charting software around.
- Bitcoin day trading software – As the market is still growing, there are new options popping up every month. You’ll also find some of the best trading simulator software, that’s probably free.
- Emini trading software – Emini options continue to grow, so you can choose between generic systems, or specialist Emini software. You’ll also find lots of good scalping software options, with plenty of reviews on software forums.
- Penny stocks software – There is healthy competition, so if you’re looking at where to buy the best trading software for penny stocks, a quick Google will answer all your prayers in abundance. You can also find easy to use buy and sell signal software for penny stocks.
- Software for NSE – You can find free trading software for Indian markets, or you can choose from the ever growing options.
- Software for cryptocurrency – You can choose between robot, prediction software, or you can find plenty of manual options. You can also now get your hands on useful virtual money management software to keep your online wallet heavy.
Day trading journal software allows you to keep online log books. Why would you want that? Because they keep a detailed account of all your previous trades. They record the instrument, date, price, entry, and exit points. This allows you to not only fill in your tax returns with ease, but also to analyse your recent trade performance. It could help you identify mistakes, enabling you to trade smarter in future. This makes it some of the most important intraday trading software available.
Make sure when you compare software, you check the reviews first. Even the ones that proclaim to be one of the ‘top 10 day trading software’, can have some serious drawbacks. Also bear in mind, the easiest trading software won’t necessarily be the best. If it’s easy because it falls short of the essentials outlined above, your bottom line may suffer.
Having said that, consider the popular and well regarded options below:
- MetaTrader – Market leading multi-functional trading platform. Integrated with many leading brokers.
- TradingView – The leading charting package with a wealth of technical analysis tools and the ability to build and back test strategies. Can also automate trades, and copy trade.
- Linux software – Considered some of the fastest real time trading software around.
- JSE software – Considered one of the best futures day trading software available.
- MCX analysis software – One of Tim Sykes highly recommended trading software systems.
- TD Ameritrade – Some of the best live and virtual day trading software available, scoring particularly high in US reviews.
- Etrade software – Nifty trading software, that’s fast, reliable and used by traders of all levels.
- Consors software – This German software offers some of the best trading simulation software for free.
- AlgoTrader – This is ideal if you’re looking for customisable, open source software to implement automated strategies.
- NinjaTrader – allows developers to build their own integrated indicators.
- ZuluTrade – Automate trades or copy trading signals or traders. Popular in the US.
- eToro – Leading Social Trading network. Copy profitable traders – or become a ‘leader’ and earn when other traders follow your trades.
Choosing the right software is a hugely important decision, but part of that decision comes with ensuring that it works harmoniously with your day trading strategies. If you’re trading forex using a simple price action strategy, then you may have everything you need with your broker’s standard program software.
Tools such as TradingView can also help you build and back test strategies, including using your own code if desired.
However, if you have a complex strategy you may need software that has all the indicators and technical tools at a few clicks notice, to ensure you make fast and accurate decisions. Your strategy needs are likely to be greater and you may require optional advanced features that are often expensive.
If you want to test a specific software before committing to it, the best way to do it is a “demo account”. A demo account is a form of practice account where you trade for free with “play money” using the real software and its features. It’s a great way to trial softwares, strategies and your own skills and is something we highly recommend. We list all trading demo accounts here.
Tailored for specific markets
The best trading software for Australia and Canada, may fall short of the mark in Indian and South African markets. This is simply because the software in India can be extremely different to Australian softwares. Spider software, for example, provides technical analysis software specifically for Indian markets. But if you want to trade stocks in the West, you may find that software from far afield won’t give you all the access to data feeds and news resources you need to successfully trade.
There’s also the question of cost. You can get plenty of free charting software for Indian markets, but the same powerful and comprehensive software in the UK, Europe, and the US can often come with a hefty price tag. So, make sure your software comparison takes into account location and price.
The same principle applies to day trading tax software. The accounting software needs to be able to accurately calculate how much tax is payable to your country’s specific body, the IRS for example. Apart from wasting your time, any tax errors will fall on your lap, as will any fines.
Final Word On Location
If you’re British, do your homework and find out what the best trading software specifically for the UK is. If you’re Canadian, check you won’t encounter any tax problems if you invest in accounting software from South Africa.
Take Home Points
It’s worth bearing in mind that your choice of broker can restrict the tools available to you. Free day trading software may seem like a no brainer to start with, but if it comes with the sacrifice of technical tools that could enhance trade decisions then it may cost you in the long run. Remember the best day trading software for forex may not cut the mustard when you use it for stocks, so do your research and consider all the factors outlined above. Most importantly, you wouldn’t buy a car without test driving it first, and your day trading software shouldn’t be any different.
Best Binary Option Robots
The binary option robots have helped thousands of people to invest more efficiently. In this page, I will go through the main features of the option robots, and tell why both novice and experienced investors can benefit from using them. I will reveal the ten best tips (that every investor should use) for making more money with a automated trading software. In addition, I will also answer to the most frequently asked questions and share my own experiences with the best binary option robots. If you want to take advantage of an opportunity to earn money with best binary option brokers by trading at home, please follow my instructions and see how great the results will be.
Our professional traders are here to help you free of charge, if you give them an opportunity to do so, you will be completely satisfied with the results. See from below what kind of result some of our traders have achieved with the binary option robot.
How Binary Option Robot Can Change Your Life? Check This Out!
How to Make Money with Binary Option Robot
Top Binary Option Robots in United States
Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire. You can check loan opportunities from sites like lainaanetist.com if you don’t have own money to invest
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
Guide to Make Profits (The Real Robot introduction video)
Binary Option Robots – The Stats
- $350 per hour (The amount usually charged for investment advice by our main author Michael Allen. However, he will describe his best tips and strategies free of charge on this website.)
- 72% (Of the visitors of this website have registered at least one binary option robot after their first visit.)
- 92% (Of these visitors are very pleased with the robot and would happily recommend it to their friends.)
- 6 (Job offers that our main author Michael Allen has received from major Wall Street firms over the last year. However, he has instead chosen to start writing articles on this website.)
- 95% (Of the visitors of this website thought that investing is difficult before they started using the binary option robots.)
- 86% (Of the same visitors now think that investing is easy or very easy, considering they already tried the robot.)
- 96% (Of these visitors – who have not used the robot after their first visit, but registered it afterwards – are confident that they lost money because they hesitated to start using the robots immediately.)
Claim your free robot and learn how a passive income stream enables you to make money while you sleep!*
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With this excellent software, you have the opportunity to earn money at home*, in ways that you never thought was possible. Please read our systematic instructions below and begin your journey to a more prosperous life today.
TABLE OF CONTENT
- Binary option robotintroduction and demo video
- Ten tips for making more money with binary options trading
- Where to start? Recommended reading
- More in-depth look (the reasons why you should use trading software)
- Testimonials and success stories
Binary Option Robot – an in-depth examination
What are they?
A Binary Option Robot is a wonderful piece of software, which is unique to Binary Option trading. It essentially monitors the market, using complicated mathematical processes to assess the potential fluctuations in commodity prices. Thus, it offers users the opportunity to dramatically increase their earnings, if used correctly, making it a vital new addition to any successful trader’s arsenal.
We are proud of the service that we provide and will only recommend Binary Option Robots, which are trustworthy and reliable. In our reviews, we will go through the pros and cons of all the best automated applications on the market, ensuring that you can make an informed decision on their merits. Meaning, that you can quickly find the right Binary Option Robot for you.
How do they work?
- Binary Option Robots are simply a set of pre-programmed algorithms designed to make an investor as much money as possible.
- They use the same principle as high frequency trading, used by some of the biggest and most successful investment banks in the world.
- They are new technology, meaning that if you begin now, you will have an advantage over the competition.
- You can set Binary Option Robots to buy and sell according to predetermined parameters. For example, if gold falls to a certain price then your robot will buy it.
- You can program it to do business when you do not have time to do it yourself.
- You can program it to trade all the time for you, freeing you up to spend more time on the things that matter!
Binary Option Robots and Trading Reviews 2020
Best and the most comprehensive trading software, binary option broker and signal reviews you can find from the web. We go through, pick and choose the best and the most trustworthy trading sites. Also, read our warnings and scam investigation reviews and avoid getting scammed. All this is 100% free!
Where to start? The most popular articles and pages:
- IQ Option Review.(The best binary option broker site.)
- Binary Options Trading Guide (Everything you could ever want to know about binary option trading. Most comprehensive free trading guide on the web)
- Binary Option Robot Review (Scam investigation and review – How to distinguish good software from a scam)
- Option Robot Automated Trading Software(What is the Option Robot? deeper look and review)
- Automated Binary (New excellent auto trading software)
- Best Binary Options Brokers and Trading Platforms(Are you from The USA and don’t know which brokers will accept you as a client? Or are you from Europe and want to know the best regulated brokers? Find all these answers from this page)
- Binary Options Trading Signals (What are binary option signals? Which brokers have the best signals? Find out everything you have ever wanted to know about binary trading signals from this article)
- 24 Option Review(Extremely trustworthy broker site, official partner of Juventus soccer team)
- Copyop Review(A new social trading platform; check out how much you can earn with it, including my top-secret methods.)
- Binary Options Money Management(If you do not follow these guidelines, you will probably lose all your money, so this is a very important article for all binary options investors.)
What is a Binary Option Robot?
Binary Option Robots are ingenious pieces of software, which monitor the market, looking for potential investment opportunities.
They use complex mathematical procedures to analyse, and then alert you to potential fluctuations in the value of tradable commodities.
Put simply: they are computer programs designed to make the user of them money!
Who Should Use a Binary Software?
- The short answer, is anyone and everyone!
- Investors who are frustrated because, for whatever reason, their investments are not showing as much profit as they would like.
- Trailblazers who are interested in the latest technology and want to be one step ahead of the competition.
- Investors who are already making money by trading binary option, but would like to increase their profits even further.
- People who are new to investing and want to use the best possible tools and methods.
- People, who are scared to invest money based on their own instincts and would like to use a trustworthy computerized system.
Binary Options Success Stories
“I had never invested even in shares before I tried the option robot, so I did not have much prior expectations at all. After using it for almost a year, I’m really pleased with the results. With the help of the robot, I have earned significant sums of money, which is a huge help for paying living costs for me and my children.”
Deidra L. 31 years old, Housewife from San Antonio Texas, USA.*
“I’ve had extra money for a couple of years now, and I have thought to start investing, but really haven’t had enough time to study the right methods. But when I found the option robot, I realized that I actually might not need to study at all. The robot does the work for me and makes even reasonable good returns on the side.”
Otis G. 24 years old, Professional Poker Player from Las Vegas Nevada, USA*
“Managing my store takes me 14 hours a day, six days a week. So I want to use a little free time I have with my friends and relatives. But at the same time, I have always been interested in new technology and opportunities to earn money on areas that most people have not discovered yet; so when I found the robot I did not hesitate to try it. And afterwards I must say that I am really pleased that I had the courage; the results have been incredibly good”
Gerard K. 52 years old, Shop Owner from London, UK.*
“As an experienced investor I was a bit skeptical about the option robot’s capabilities at the beginning. But a few months after using it, I have to admit that I was wrong, as it has become an invaluable help. I recommend fully using the binary option robot for beginners and also for more experienced investors who want to have better results and more free time.”
Jacob S. 42 years old, Stock Trader from Chicago Illinois, USA.*
Trading software takes advantages of pre-programmed algorithms to give optimal results to the investor. It uses the very same principle that huge investment banks use in their High-Frequency Trading. The greatest difference is that highly skilled professionals have not yet found out the whole potential of binary option robot trading, so as an early entry, you have a great opportunity to benefit of this tool before everyone else discovers out how effective it is.
The binary options robot has a number of uses. You can program it to do business according to predetermined parameters or you can program it to do business when you do not have time to do it yourself. You can even leave all work to it, freeing your schedule to concentrate on what is most important in your life.
Making money has never been simpler. Firstly, you should make yourself a little groundwork, as studying what are the most important things for a successful binary option investor. After that, you can practically leave everything to carry out for the robot.
Best settings for our three recommended Binary Option Robots!
1) Redeem the Binary Option Robot free or charge by clicking on the button below.
2) Register to the service
3) Select a broker
4) Deposit money, start trading with the automatic Binary Option Robot, and enjoy trading even as you are tucked up in bed, fast asleep!
1) Redeem the Automated Binary free or charge by clicking on the button below
2) Register to the service
3) Select a broker and make a deposit
4) Set your trade size
5) Mix and match indicators to refine signals
6) Target multiple currencies at the same time
After you have money in your trading account, please follow these steps:
1) Choose the daily stop-loss limit if you like.
2) Choose the trade amount
3) Choose the amount of maximum daily trades.
4) Choose the assets you want to trade (for example: DOW, GOLD and EUR/GBP; I prefer currencies, but the best setting always depends on the prevailing market conditions)
5) Choose daily, weekly and/or monthly expiry times
6) If you have a VIP, you can choose to use VIPsignals.
7) Put active trading on, and the robot will be ready to go!
The Real Robot VIP Preview Video
Why Use a Binary Option Robot?
By trading with a Binary Option Robot, you can make trades that are impossible for human beings!
The robot is able to make an unlimited number of rapid trades with its calculation power. Those kinds of trades are impossible for human beings to carry out manually. In the stock markets, short-term trades are almost completely dominated by high frequency trading, which is very similar to what a binary option robot does. Those who were the first to take advantage of high frequency trading are currently all very rich people because they were the first ones to enter the market.
They allow you to focus on opportunities to make a huge profit, while you let the robot take care of day-to-day trades that will bring you smaller returns!
They remove emotion, which means that you won’t make any more losses because of emotional mistakes.
Binary Option Robots do not have emotions, meaning they don’t chase losses or make bad trades!
Even the best brokers will tell you that losses affect them mentally. Everyone loses money sometimes, but the difference between true winners and losers is how they are able tohandle those losses. When you use the binary option robot, you know that there are no emotional factors in play; it is always at the top of its game.
Who Can Benefit From Using This Kind Of Application?
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Amateurs: Who have not invested in binary options in the past, and want to start making good profitable investments.*
Experts: Who do not have time to take advantage of all possible opportunities.
Eager learners: Who always want to learn something new and interesting.
Frustrated investors: Who have attempted binary option investing, but have always failed in the past because of emotional factors.
Pioneers: Who are not afraid to show the way and to be at the forefront when one of a kind opportunities show up.
FAQ: Binary Options Software
Do I Need Any Prior Knowledge About Binary Option or Investing to Use a Robot?
How Quickly Can I Begin to Earn Money?
Does the Robot Really Earn Me Money Without Me Having to Do Anything?
Why Did the Robot’s Developers Make It Public Instead of Earning Money for Themselves?
If the Robots Are So Great, Why Are They Free?
Why Do Brokers Allow Auto-Trading Software on Their Websites If They Earn Money?
Is it Possible to Lose Money Even If I Use a Binary Option Robot as an Aid for my Investments?
Why Are There No Bigger Amounts of Professional Investors Using Binary Option Robots?
In the Market, There Seems to Be A Few Types of Binary Option Robots. How Do I Know What Is the Best One for Me?
I Believe That the Robot Is a Hoax and It Gives Intentionally Losing Advice.
Interpretation of day trading charts can be difficult even for experienced traders. Now you can fully outsource this complex task to a binary option robot to handle.
CLICK TO ENLARGE IMAGE
What Are Binary Option Robots?
Are your trading results being not as per the expected lines? Do you feel trading is only for experts? Or do you believe that binary trading is the hardest thing to learn? If your answer to any of the above question is “Yes”, then please read on, this article will assist you in solving all of these.
The binary ancillary services have come a long way along with the rise of the binary options trading. One such ancillary service which has taken the binary trading market by storm is the automated software services. This software is programmed to provide you signals (it helps you time the market) regarding which assets to buy, when to buy or when to sell. The growth of signal service provider has also attracted some fly-by-night operators, whose only aim is to run away with your hard earned money.
Hence, we will discuss various parameters of signal services, how they operate, how can you benefit from them, and the most important how to distinguish between the genuine and the scam-artists.
In general, the robots are the machine capable of handling complex actions. In the binary world, the robots are nothing but an algorithm which can be customized to trade for you. These robots have very intuitive user-interface which makes them easy to use and customize.
These robots are capable of evaluating complex technical parameters to give you the most probable winning trade ideas. Also, they can be customized to assess the data in real-time and trade on behalf of you. Such software comes with free and pro editions, wherein the pro-edition has several features which are not present in the free edition.
How Does a Option Robot Work?
Binary software is not a magic wand, rather it isa set of algorithms which uses various bits of data points to provide you with accurate signals. Generally, it assesses various well-known technical indicators of a particular asset and then provides
buying or selling signals based on that assessment.They are designed to work at a lightning speed so that data can be evaluated in real-time and that the subsequent signals reach the customers as quickly as possible. It evaluates the price history of an asset which allows them to indicate patterns based on past behaviour.
It is impossible for any trading process to be 100 percent automated. However, the automated software falls within the vicinity of 100 percent automated. Though it requires you to feed a few parameters like the amount you want to invest per trade among others, once these parameters are fed into the system it takes care of the rest, doing things like identifying the opportunity, placing the order, and executing the trade.
The Option Robot
Why Option Robot?
We are delighted to recommend the option robot, from the wide-range of options that are available in the binary market. This recommendation is not made on gut instinct and there are numerous reasons, why we believe in the binary robot:
- It is a well-established name, in the binary options field.
- It is genuinely automated, and you do not have to sit tethered to a computer screen all day long.
- It is customer centered, providing a sleek, professional experience, where you will feel like the software is working for you.
- The option robot allows you to select your favorite binary broker from their affiliated list, and also, allows you to customize the parameters to suit your requirements.
Daily stop-loss parameter – This allows you to set your daily trading limit, which means that you can never invest more than a pre-determined amount in a single day.
Trade amount parameter – This amazing feature, allows you to set your investment amount for each trade, ranging from anywhere to $1, to $25, ensuring that you do not risk too much.
Max trades parameter: This parameter allows you to set a maximum number of trades to be executed by the option robot in 24 hours. The selection available is 1, 3, 5, 10, and all. For example, if you have set $ 100 as daily stop loss limit and $ 10 as the per trade amount, then if you select all option, then the binary robot will stop executing trade after it has reached $ 100 limit.
- The option robot takes into consideration several technical indicators to provide the accurate opportunities. It takes into account MACD, Stochastics, RSI, Trends, Williams, among others.
- It is associated with some of the best names in the binary trading arena, including:StockPair, 24 Option, Binary Tilt, Empire Option, BD Swiss, Markets Trading, among others.
Both from our own research and the industry buzz, which surrounds the Option Robot, we are delighted to recommend, that our readers use it.
How Much Does The Option Robot Cost?
One of the best things about the Option Robot is that it is totally free at the moment! To sign up with them you only have to follow few simple steps to begin using their services:
- The robot cannot trade on its own, you are required to go through generic form filling with the option robot, and then select an affiliated broker to get started.
- Next, you have to deposit the required minimum amount in the account and set few parameters to set the ball rolling.
- Once you have a secure and reliable internet connection, and you have set the requisite parameters in the option robot, you just have to relax and enjoy, watching your money grow.
- The option robot will immediately start trading on your behalf, even if you are a new to binary trading, the automated software will start making winning trades in no-time.
What Are the Benefits ofa Binary Option Robot?
The option robot offers several distinct advantages over its peers, which include:
What Does This Mean To You?
On an average, successful traders winning ratio is 60 percent, meaning they make profits in 6 out of 10 trades. The success rate of binary option robot averages at over 80percent, meaning it makes 8 winning trade out of 10.
The following table will give you an idea about the difference made by binary option robot if the payouts on winning trade are 80 percent.
The table clearly shows that on a total investment of $ 1000, a successful trader with a winning ratio of 60 percent makes only $ 80 making his or her ROI (Return On Investment) of only 8 percent, whereas, if he or she utilizes the services of the option robot, his or her winnings jumps to whopping $ 440 on the same investment of $ 1000, making an ROI of whopping 44 percent.
The data also shows that by using the services of the binary option robot, the successful trader can increase his or profitability by 4.5 times or 450 percentages. This is for the successful trader, but if it is a novice trader the winning ratio and the return on investment goes to a different level altogether, as the services can be used by novice as well as a seasoned investor.
So, it is clear that the services of the binary option robot have a great potential to change the fortunes of any trader type.
Binary Option Robot Income Chart
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Who Can Benefit From The Binary Option Robot?
Now, as you know that there are some definite and unique benefits in utilizing the services of the binary option robot, you may want to whether is it a right fit for you or not? The following text discusses the usefulness of the binary option robot for a variety of traders.
New traders: The binary option robot comes with an intuitive and user-friendly interface which makes it very easy for anyone to use it for the success. The website also has a very robust customer support system and customer support staff, who are always eager to assist any customer with setting up the platform or for any query he or she might have. Our website also provides comprehensive knowledge material for you to grasp and understand the basics of the binary option robot. Further, we would recommend you to at least gain a basic knowledge about how the binary trading works and that’s it. So even if you are a new to binary trading, the binary option robot will assist you by providing precise signals to purchase a call or a put option on a variety of assets, and in no time you would be on a success path.
Generally, you required to gain lots of fundamental and technical know-how before trading any financial instruments, but with the option robot, you should rest assured that you will get prompt and precise signals all the time. Hence, I can say that you don’t require to go through the learning curve as in other financial instruments, and you’re learning curve will be shortened with the software.
Seasoned Traders: The successful traders can also get an assistance from the binary option robot for analyzing the technical. It has been observed that many of the successful binary traders use 3 or more technical parameters to make their decisions, whereas, the binary option robot takes into account more than 7 parameters to conclude. This makes it a perfect partner for a successful trader as it saves the time and energy of a trader, at the same time, it provides more accurate results to further strengthen the success rate of the seasoned binary trader.
Busy Investor/trader: Many of the trader works from 9 to 5, and they are unable to commit enough time to trading because of their various commitments. Also, some of the traders are managing multiple things at a time, like family, friends, jobs, studies, etc. All of these demands your considerable time, and even if you prefer to trade and make money, you have no time to commit to the trading activity. The above issue of no-time is resolved by the option robot, as you just have to open an account, select a broker, make a deposit, and set few parameters, and the rest will be taken care by the automated software which will execute the trade on your customized parameters. That way, the trading will not require your time at the same, you will be executing trades as much as you would like to.
The option robot will work on behalf of you to generate an income stream while you will be busy watching your favorite sports, or movie or indulging into a family vacation.
Institutional Investor / Trader: This class of investors is well informed about what they want to do and how they want to know. They are also aware that which asset to trade for generating profits. For this traders, the binary option robot can act as a helping hand which allows them to place trades on several assets simultaneously so that they never miss an opportunity to generate profit in one underlying while they were busy placing a trade on another winning opportunity.
Day/week / month trader: The day trader prefers to trade on daily expiry and execute trades on several assets, the weekly trader prefers to buy or sell the asset and hold the position for a week while for the monthly trader the prefer expiry is a month or more.
This can be very exhaustive as one has to sit in front of the monitor and evaluate several parameters to place the trade. The binary option robot can replace the entire trading techniques of the short-term day trader or weekly trader or a long-term monthly trader, as it allows you to select expiry for a day, week, and month.
Generally, you required to gain lots of fundamental and technical know-how before trading any financial instruments, but with the option robot, you should rest assured that you will get prompt and precise signals all the time. Hence, I can say that you don’t require to go through the learning curve as in other financial instruments, and you’re learning curve will be shortened with the software.Best Binary Options Brokers 2020:
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