Robots can offer an unbeatable way to make money on binary options with a minimum of effort. By using a binary options robot you effectively outsource your trading to the experts. You simply leave all the hard work, the strategizing and decision making to a software program that has been specifically designed to trade in binary options.
This sounds great, and it is, however, there are drawbacks with regards to robots, just as with most things in this world. In this article you will learn more about the pros and cons of robots, and get our advice on how to make money by letting robots take care of your trading.
Can a binary options robot make me money?
The short answer to that question is “Yes, quite a lot, actually!” The fact is simply that professional trading software will outperform even the best human traders. Nobody can hope to be so good at technical analysis that they can match a computer at reading statistics. There are other reasons too why robots make better traders than human beings:
- Emotions – robots don’t have them, but you do. In a bad mood? Feeling lucky? Got a good hunch? Need some quick money? These are all emotions, and they’re all bad news for your trading results. A robot won’t let this sort of bias influence a decision making process that should be ice cold, and based only on what the numbers tell us.
- Stamina – you get tired and hungry and need to sleep, robots don’t. This means two things that act in a robot’s favor as a trader: 1) robots perform the same at the beginning of the day and at the end, and all through the rest, and 2) robots can trade 24 hours, and make money when you’re tucked up in bed.
- No human errors – it doesn’t matter how good you are, or how careful you act, mistakes will creep in. Maybe not often, but it will happen. And in binary options trading they will cost you. Robots just don’t err. Simple as that.
So, these selling points make it quite clear that a robot should beat a human trader, and really be a sort of a super genius at this. However, what you have to also keep in mind is that a binary options robot is only as good as its program. And programming and coding is still done by humans. In other words, not all robots are great. Not all robots deliver what the marketing promises. Not all robots are any better than a good, human trader.
The consequence is that you need to find the best robot. Luckily for you, that robot is easy to identify and find: BinaryOptionRobot is by far the best in the business.
Binary Options Robot things to consider
We mentioned above that a binary options robot is only as good as the code it consists of. This code will determine how well it interprets all the vast amounts of market data it is able to process, and turns it into useful binary signals.
In addition, there are some more things to keep in mind before you start using a robot:
- Cost – robots can make you good money, but they can also set you back a pretty penny. Monthly subscription charges can be so high, they eat up too much of your trading budget.
- Reliability – there are a lot of robots out there. Some are better than others. A lot of them make grandiose claims in their marketing of success rates of 90 % an above. Such statements should raise suspicions – can they really be backed up?
By using the best robot out there, BinaryOptionRobot, you avoid both these considerations. Thanks to its unique pricing model, you as a trader do not pay anything to use it. Instead your binary broker gets charged. As for reliability BinaryOptionRobot publishes its results on the company website. The robot wins well over 70 % of trades, which is what you need to make a long term profit, and does not make unsubstantiated claims of unbelievable results.
By using BinaryOptionRobot, you enjoy all the benefits of binary options robots, whilst suffering none of the downsides..