Binary Broker MIN. DEPOSIT RETURN MIN. INVEST RATING Trade Robot Review
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Binary Options Robot

$250 89% $5 4.8 TRADING N/A Review
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24Option

$250 88% $24 4.9 TRADING N/A Review

General Risk Warning: The financial services provided by these websites carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Trading with a Robot


You Can Start Working with a Robot TodayTrading binary options in Singapore, or anywhere else for that matter, comes with quite a bit of risk. This is why having a way to manage that risk is a must if you want to be a profitable trader. One of the most popular ways to deal with this is to use an automated trading system, more commonly referred to as a trading robot. Using one of these requires a bit of work upfront, but once you are done with the settings, a trading robot is a great time saving device as it frees up a lot of your time. You can use this to grow your money elsewhere, or to pursue other things, like hanging out with your family.

Traders in Singapore have a lot of choices when it comes to binary options trading robots, but not all of these are high quality. Here, we will show you what you should be looking for, and how to get the most out of your automated trading.

But first, we have a big question to answer…

What Do the Best Robots Do?


Binary Broker MIN. DEPOSIT RETURN MIN. INVEST RATING Trade Robot Review
Open a Free Account with the Binary Options Robot

Binary Options Robot

$250 89% $5 4.8 TRADING N/A Review
Begin with 24Option

24Option

$250 88% $24 4.9 TRADING N/A Review

General Risk Warning: The financial services provided by these websites carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Is Automated Trading Worth It?


A lot of new traders wonder if using a trading robot for automated trading is worthwhile. Unfortunately, it’s not one of those easy to answer questions. For some people this is great, but for others it’s not ideal. We can’t tell you where you will fit in here, but you can look over our information and make a decision for yourself.

We recommend checking in on your robot account a few times per week to make sure it’s doing what you want it to do. If it’s not, this is your time to make adjustments to protect your money.

If you’re interested in learning more about the good, the bad, and the ugly of using a trading robot, check out this article from Investopedia: http://www.investopedia.com/articles/trading/11/automated-trading-systems.asp.

What Do the Best Robots Do?


The best trading robots give you the ability to have a say in how your trades are executed. Seems simple enough, right? Well, not all brokers do this.

So, this is one of the first things to look at. Do you have any control over your trades? This is a very complex thing, however. Can you decide to focus just on the EUR/USD? Or do you need to trade whichever assets the robot directs you to? Can you limit how many trades are made per day? Can you scale the amount of risk you take on per day down? You get the picture.

The best trading robots also have a proven track record with proven results. You should be able to verify the results that others have had from other websites. We’ll talk a little bit more about this further down, but the bottom line is, if other people have had success, there’s a strong chance that you will have success, too. If information is tough to find, there’s probably a reason for that, too.

Consider Binary Options Robot. This robot has been around for a while now and has a really strong reputation. It is customizable, and it is free to sign up. There are thousands of people that have used it, and there’s plenty of data out there to help you figure out whether or not it will be profitable for you, too.

Finally, remember that the best robots allow you to make changes later if you wish. Let’s say that you want to stay away from the USD/JPY pair for a couple weeks because of an upcoming announcement from the Federal Reserve. Your robot should let you filter these trades out so you are not trading this uncertainty.

Demo Trading is Your Friend


A lot of traders new to binary options are adverse to using a demo trading platform. They see it as a waste of time, something that’s preventing them from getting to the real thing. Why trade with fake money when you can start making real money?

There’s a simple answer here: demo trading helps you get experience so that when you trade with real money, there’s a better chance that your predictions will be correct. And this has a direct bearing on your success when you start using a robot or any other auto trade service. If your robot offers a limited demo account to help you get started, use it! This way, you can figure out all the ins and outs of the robot before real money is on the line. Basically, demo trading lets you test a platform out in real time before you really use it. With a robot, you can iron out all of the kinks before real money is risked. It’s a seemingly small step, but a very important one.

Robot Trading in Singapore


There are a lot of binary options brokers that are allowed to do business in Singapore, and this has opened up the doors for a higher concentration of trading robots and automated trading services in the country. Many people can benefit from these, but not all. Also, not all robots are created equal. Some robots are great, but others are just going to lose you money. Do your research so that you know which are which and give yourself the best chance of using these to create a profit. Binary options trading is risky, and if this can help you to alleviate some of that risk, then a robot is definitely a step you should take.