What is the best binary options trading bot?


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Binary options is a high-risk strategy. Therefore, in order to minimize risks when trading, try using trading bots.  In this article, we’ll tell you what they are and how to choose the one that’s right for you.

Before we get to the trading bots, let’s start at the beginning and find out what this strategy is all about.

The Principle of Binary Options

The exchange never stands still – it moves up or down. A binary option is a prediction of the direction in which an asset’s value will move. It can be anything – currency, cryptocurrency, shares. In other words, anything that is traded on exchanges.

Let’s look at an example of how it works.

Let’s say you are a trader who is going to use a binary options strategy. In order to do that, you have to guess which way the market will move – will it start to rise or, on the contrary, fall. If you guessed right, you will make a predefined profit, if not, you lose. It is for these reasons that binary options have another name – “all or nothing”. You either guess or you don’t. There is no third option.

Of course, you don’t make assumptions about market movement at random. Exchange players use technical analysis and other trading tools to correctly predict this value. Many trading platforms, such as Wundertrading, for example, already have most of these tools installed, so you do not need to purchase them additionally. However, to fully automate options trading, trading bots are required.

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Bots for binary options

As we mentioned above, these are software that helps automate your actions on binary options strategies. That is, the option trading bot, based on calculations and other indicators, determines where the market will move.

There are two types of option trading bots:

Fully automatic – these types of software almost completely automate the work of the trader. All that is required is to make the initial settings and periodically check the process.

Semi-automatic or advisors – they perform market analysis and advise the trader on the favourable signals for buying or selling the option. You assess the situation and make a decision about entering or ignoring the signal. That is, without the trader’s the deal cannot be activated.

There are pros and cons to using each type of bot. On the one hand, an automatic bot does all the work for you, but it can not assess the market comprehensively, which as a result can lead to mistakes. The same can be said about “advisors” – without a trader’s command, a deal cannot be activated, but the trader is in control of the situation and can avoid unpleasant moments.

Best Bots for Binary Options

If you want to make money on bitcoin options, choosing the best bitcoin stock and option trading bot will largely depend on your individual preferences, but to make it easier to decide on a choice, let us tell you about the most popular and well-established trading bots.

Binary Bot

Binary Bot is software from Bynary.com, a leading options trading platform. The platform is one of the first to offer this strategy, so its robots are rightfully considered one of the best.

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The robot is free for anyone who has registered on the platform and opened an account there. The Bot for option trading is available through the web interface and is located on the server, allowing you to trade even from your mobile device, no matter where you are, all you need is an internet connection.

The advantages of the trading robot are its simple interface, wide parameter settings and fully automatic operation. On the downside – some signals can be incorrect.

Pocket Option Bot

Another variant of a great robot for this strategy is from the Pocket Option trading platform. The platform has been on the binary options market since 2017, and over the pastime has managed to prove itself as a reliable and excellent tool.

The robot is installed as an extension for the Google Chrome browser and allows you to fully automate options transactions. Getting started with it is very easy:

  1. Download Google Chrome browser
  2. Register on the platform Option Bot
  3. Install the extension for the trading robot
  4. Customize the robot to your trading style.

The advantages of the robot include the ability to integrate your strategies, which greatly simplifies the trading process. From disadvantages, it is possible to note more difficult in comparison with the first bot, the interface.

BinBot PRO

A convenient and easy to use an automated binary trading robot from the platform binbotpro.com. The platform has been successfully operating in the financial market since 2016, offering its clients automated trading services.

To start using the bot, you only need to go through the registration procedure and open a trading account, the minimum amount of which should be $250. However, every beginner can try the bot’s capabilities in a demo environment.

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The advantages and disadvantages of the bot are similar to the previous ones – broad functionality and not a very handy interface.

There are hundreds of free and paid applications on the Internet. However, it is important to remember that no one can predict the asset’s behaviour with 100% accuracy. The trader is always responsible for any decision.


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Abhay Singh

Abhay Singh is a seasoned digital marketing expert with over 7 years of experience in crafting effective marketing strategies and executing successful campaigns. He excels in SEO, social media, and PPC advertising.