What is an Auto Trader? As the name suggests, an auto trader can be fully automated, trading on your behalf, or it can automatically offer signals for you to take. A fully automated auto trader is a computer algorithm programmed with a trading system. Once certain parameters are met, it will initiate trades on your account. Typically it’s a hands-off system. Once the autobot is synched with your account, you do nothing but periodically check your account to see your profits.
- The auto trader will trade 24/5 (when the markets are open) so if you don't have much free time, auto traders could be perfect for you.
- Auto Trading algorithms are tested over periods of months, if not years so the strategies are throughly tested.
- It requires NO work from you, you can't beat that!
- MANY, MANY Auto Traders are SCAMS!
- Auto Traders don't adjust to changing market conditions such as news events.
Binary Option Auto Traders are a great way to make money trading when you are busy, whether you are working your real job or spending time with your family. If you are new to Binary Options Auto Traders are a great way to break into the industry. Once again there are many SCAMS so the Binary Options Agency as put together a list below of Trusted Auto Traders.
At the end of the day, the best way to succeed in Binary Options is to control your destiny and put trust in is yourself. If you want to make consistent profits, learn how to trade.