Is Option Robot A Scam?
Is Option Robot a Scam? This is a question I get asked quite often from those unfamiliar with the trading system. It is also asked of me by most of my friends that are into trading options. If this is you too, and you want to learn more, read on!
Opinion: No. However, is Option Robot really a scam and how risky is it? According to Binary Option Robot, basically you only need to sign up, deposit your first money and you’re ready to trade. They even say that they have a 83% win rate on their platform.
Alright, but are they scams? The answer is no, but that is not saying that one robot is better than another. In order for you to make the right choice here, you will have to evaluate how these systems work and what they can or cannot do for you. One of the main features of these robot is the fact that they use a “robot broker” to place and manage your assets available.
You don’t need a broker to place your trades. However, the nice thing about this robot is that if you wish you can set the level at which the robot will perform trades at. This will allow you to adjust the risk/reward ratio of your trades. Personally, I think that automated trading software should be evaluated on a case by case basis. That is, first determine the level at which you are comfortable with receiving trades, and second determine the level at which you would like to receive more aggressive trades.
So how does this work exactly? Option robot works by evaluating all the factors mentioned in the previous section: the number of available options, the average selling price and the average buying price, the level of risk, the time since the last trade, the number of open trades and the number of closed trades. Based on this evaluation, the robot will then place a particular order. It is important to note that it is impossible for this robot to perfectly predict when it should execute a trade. What it is capable of is identifying whether it is a profitable move and when to pull out of it.
Option robot does this by tracking all the trends in an automated trading robots trading history. One example of this is when the prices went up in a certain period and stayed up for three days. This is a profitable trade because at the end of the period the prices went down. Since this is profitable, the trader can withdraw and place the order to sell. This is the reason why some traders feel that automated trading robots are scams: the trader will just run out of cash soon after putting in the investment.
In order to be sure that this robot is not a scam, the best thing to do is to check the details of the product and check if it has contact information. There are scammers who do not have any contact information because they do not exist. They are only out there to steal your money and leave you without anything.
Option robot is a good system to use if you are looking to automate your trading business. It also has great features that help traders reduce their trading time. If you know what you are looking for, you can even search for other automated trading systems and compare their features and benefits. With this, you will get a clear idea on what robot to choose to make your life easier. Just always remember that if it sounds too good to be true, then it probably is.
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