Auto-trading software is not a scam

Posted by on Sep 16, 2016 in Binary Options, Software | Comments Off on Auto-trading software is not a scam

Auto-trading software is not a scam

If you have time, then check reviews and forums that address auto-trading software and other similar robots. You will notice one common thing on all sites, the outcry that brands all trade-assisting software as frauds. This kind of thing does uncover some scammers, but the generalization that exists is bad. This generalization brands all software as a scam which is, of course, far from the truth.

Why people consider binary options robot programs as scam

People do have a good reason to believe that robot software is a scam, and the reason is the advertising. People see software review, and they believe everything that is written in it. Only a small number of positive reviews are objective. All other reviews are used for advertising. To attract more people, the review writers don’t write every single thing about the software; they write only the advantages.

They fail to mention that software can and will pick losing trades, just like any other trader. The problem is that people believe that a trading robot can’t make a mistake. Once it does, they go on forums and spread the false info about the robot being a scam.

Trading with robot software

Trading with robots is possible, and they can increase the return percentage. The catch is in control of the trading portfolio of the tool you use. The majority secret2rich-%e0%b8%ad%e0%b8%9a%e0%b8%a3%e0%b8%a1-%e0%b8%aa%e0%b8%b1%e0%b8%a1%e0%b8%a1%e0%b8%99%e0%b8%b2-%e0%b8%aa%e0%b8%ad%e0%b8%99%e0%b9%80%e0%b8%97%e0%b8%a3%e0%b8%94-robot-forex-%e0%b8%99%e0%b8%b4of good robots you can find at Top 10 Binary Demo have numerous options that allow a trader to control the trading. Tweaking the settings to allow only the trade you prefer is the secret of successful trading. The number of the options is huge, and not everyone can optimize them correctly. To ensure good trading to all people that use robots, we will share some insights into portfolios that work.

You can devise a strategy that focuses on several things, the maturity of the expiry date and the type of underlying asset. Be sure to check whether the broker allows the use of the robot, and what are the limitations they set. Some brokers, usually those shady dealers, limit the amount of external help a trader can use. Avoid those dealers if you want to use a robot as a trading tool.

Limit yourself to one maturity rate of the trade. You can either focus on short-term trades (under 24 hours) or on trades that take a months or so to expire. The best option is to focus on those short expiry dates. Don’t mix them with one-hour or shorter expiry dates, and don’t trade with these.

technology background with robot android womenNow, limiting the software on several assets will reduce the number of trades it will take. But this is necessary because it will reduce the risk of the software taking some random trades. Find two or three assets and limit the investment limit for each of them accordingly.

Using both of these limitations will impose big limitations on the software. And even if it doesn’t, you should. Making it trade a maximum of one or two securities per day will ensure a steady source of income with a very low level of risk.

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