Usually, traders in South Africa review binary, forex or cryptocurrency strategies and place trades themselves according to market news. In this way, they try and assess any market changes or fluctuations and act accordingly.
Nowadays, thanks to the development of technology, South African traders no longer have to do the research themselves, but can use binary, forex or cryptocurrency auto trading robots.
What are Auto Trading Robots?
Auto trading robots are basically automated software that automatically places trades on the user’s behalf. This, of course, requires South African traders to set up their preferences that auto trading robots will later use when trading with numerous underlying assets.
With auto trading, traders can participate in the financial market with only a minimum investment and achieve success. It’s no wonder why auto trading has grown so popular among investors worldwide, as well as traders in South Africa.
How Do Auto Trading Robots Work?
Auto trading robots are divided into three categories:
- Binary Options Robots
- Forex Robots
- Cryptocurrency Robots
Of course, software exists (like the ones above) that combines forex and cryptocurrency, for example, into one auto trading robot.
For new traders, auto trading software like binary robots can present a valuable and useful tool which makes trading direct and easy. All you need to do is:
- Set your preferred amount to invest in
- Choose the number of trades each day, trade options and time limit
- Choose whether to accept or decline a signal
How do these programs really work though?
Basically, automated software analyzes price movement and gives indications, known as signals, of whether pairs of instruments will move up or down in the market. They are highly advanced and result-oriented trading robots that are available for worldwide binary options, forex and cryptocurrency traders.
Let’s take binary option robots for example.
Note: We will be using binary option robots as examples to illustrate how auto trading works. The same applies for forex and cryptocurrency robots.
Binary Robots are automatically set to follow current market trends and see if there are any changes regarding trading assets. These robots use financial graphs and other financial tools and market analysis in order to be as precise as possible when making trades.
Binary options auto trading in South Africa has many advantages and one of the main reasons for its massive popularity is the fact that there is no human factor, since it is all done automatically by the machine.
The most significant fact with auto trading robots is the fact that they use binary signals when placing trades.
What are binary signals and how do they work?
Binary signals are alerts, received from experienced traders with years spent in the binary options industry. When received, these signals are sent to automatic software which then places trades in specific underlying assets. The importance of binary signals lies in the fact that they all work in real time, so the robot can use them effectively.
This is where auto trading comes into the picture with great possibility to achieve all of the above. Binary options trading itself isn’t difficult, but the truth is it does require a certain degree of financial knowledge.
Below you can find detailed information about features of the most popular binary robots in the industry.
Does Auto Trading Software Really Make You Profit?
It is important to note here that all trading entails some risk and no promises of profit can really be made. Your best bet is with the best automated software out there – which in our opinion is FXMasterBot. They offer YOU the choice of broker and provide world-class automated signals. Trading has never been easier.
Is Binary Auto Trading Less Risky Than Trading on My Own?
With auto trading solutions, the risk level is instantly minimized because the software is more efficient in price movement predictions and following current market trends. It becomes possible to trade with a variety of underlying assets, from stocks and currencies, to commodities and indices.
Are South African Binary Robots a Time Saver?
Binary robots are a huge time saver. For South African traders who want to participate in the financial market but cannot find the time to keep checking the movement of all assets, these automated systems are the perfect solution. In fact, among several advanced techniques for binary options trading, automated software is considered to be the most convenient and easy to use solution.
What Trading Features Should I Use with Binary Robots?
Before trading with any auto trading robot, make sure to set your own limits:
- Adjust the risk level
- Set the amount you are not willing to cross in losses
This is a very important step, because if you start trading with the default settings and for some reason the robot’s predictions are wrong, you could lose a lot of money.
Do Binary Robots Connect Me to the Best Binary Options Brokers?
The way automated trading robots work is that they connect you to brokers you can use their software through. Are these brokers really the best choice though?
Many binary robots automatically connect you to a single broker they are working with and give you no choice in the matter, when in reality you should be able to choose which broker you prefer to use the software with.
Check out our list on the top of the page of the most reliable auto trading software for users in South Africa.
Our top choice is always FX-Advisor, which gives you the choice to trade with the broker you prefer. They have many brokers available for users in South Africa, so the choice is ultimately up to you.
Either way, we took the time to find the best auto trading robots out there to make this list for you, so whichever you prefer, we confidently stand behind.