Binary Option Robot Trading For Beginners
Are you just entering the world of binary options trading? While it can be a great way to make money, it can also be a quick way to lose money. You want to use wisdom in your methods and means of trading in binary options.
You did make a wise choice by coming to Option Robot. There are many automatic trading systems on the Internet, but not all are created equal.
I will explain the best method for you, as a beginner, in getting started using the Option Robot automatic system.
Beginner Step 1
The very first step in starting with Option Robot is to create an account. Signing up is easy, but you will have to choose one of the compatible brokers, and you will create an account with them. The brokers that are compatible at this time are:
Once you have created an account with Option Robot and with your preferred compatible broker, it is time to move to step 2.
Beginner Step 2
You now want to go into the settings menu in the top right of your screen. This is where you will set how the robot trades on your account. You can set the amount of each trade. The assets you are willing to allow the robot to trade. The method of trade (I would recommend the Classic method for beginners). And, you can choose which indicators the robot will use.
While I dare not tell you what exactly to use, this is where step 3 is important for beginners.
Beginner Step 3
As a beginner, it makes no sense risking your money until you get adapted to the system. Option Robot has a demo account where you can choose your settings, allow the Robot to trade, and check the outcome.
By doing this, you can experiment with various settings until you discover the best settings for you.
Practice with the demo account until you feel comfortable. Once you believe you have the settings that will provide profits, you are ready to start step #4.
Beginner Step 4
You are now ready to set the system to auto trade. I suggest that you let the Option Robot trade for several hours, and then come back in and see how well it did for you.
You may want to adjust settings from time to time.
As a beginner, I want to also mention that the majority of brokers have binary options trading educational materials. Whichever compatible broker you chose, you should also review the educational material they have.
Do keep in mind that everything we write should not be construed as financial advice. We are just providing the information to help you make the best choices in trading binary options.
If you have any questions, feel free to ask. We want you to profit and have fun using Option Robot. Please leave your comments in the section at the end of this post.