Accounts that are managed for the Binary Convention option that will make money for you while you sleep. But the system has a defective system. There are three options that provide better services to traders while controlling your hands. This article presents these options, advantages and disadvantages.

In detail, you will learn:

  • Why not manage accounts?
  • Option 1: Signal
  • Option 2: Robot
  • Optional 3: Social Trading

Why not manage accounts?

Binary accounts that have managed the contract that the account manager will take care of your money in the same way as the mutual fund manager when you invest in the stock market fund. Unfortunately there are many problems with this concept:

  • Some brokers use accounts that are handled to deceive you. They stopped your money by claiming that the account manager needs full control. But in the end everything will disappear – accused of being lost in an unfortunate trade set.
  • Your account manager receives compensation from your broker and your broker when you lose money.
  • Because you make a large number of trades with binary options Even a small fee can make your trading not benefit.
  • Often assessing whether your account manager is a real professional or not and know what they are doing.

Because this problem list indicates that the use of the accounts is risky There are many foreign objects, especially new people. People who have never traded binary options before may find it difficult to determine whether their account manager is a professional, experienced or all newbies. These services often claim that they are suitable for beginners – the opposite is true.

However, the concept behind the managed account is interesting. Hire a salesperson for you and make more money and save time. If you want to track this concept without receiving a managed account, you have a few choices for you.

Option 1: Signal

The signal is based on simple principles: professional traders or professional trading programs to tell the trade method. But you have the last say If you like signals, you follow the instructions. If you don’t like it, you don’t do anything.

Most signals come as text in your phone or email. General signals can be read:

When trading

This signal tells you to invest in price increases for Dow Jones and takes 2 hours. The signal is easy to operate and easy to understand, which is why they are so popular with traders.

Most signal providers charge $ 99 per month for subscription. If their signal is good, they are worth the money. Of course, good signs can make you more than $ 100 per month even if you have a little money.

Good signal providers can win you for about 70 percent of trading, which is easy enough to make money for you with binary options. Because almost all service providers create their signs for high / low options, you must win at least 60 percent of trading to make a profit. Everything is higher than that value and you make money.

Signal service providers use two ways to create signals:

  • Automatic computer program Some signal providers use computer programs that check the market and create signals automatically when the current market environment meets certain conditions. Such trading strategies are standards with short-term investments and can be highly profitable.
  • Human traders send advice. Some signal providers use traders made of meat and blood that monitor the market and send you advice. The profitability of these systems depends on the quality of the trader, which means that they can do quite well if you find a signal provider that uses quality experts.

Some signal providers try to deceive you as well. They provide random signs and hope you will be with them for a long time enough to get your money at least.

Do your research

Fortunately, you can remember a reliable signal provider with a refund guarantee. All trading signal providers who try to win your trading honestly will allow you to test the signal without risk. Usually this test comes in the form of a refund within 60 days, which you can test the signal for two months from the service at any time and receive all refunds. Do not register with the signal provider that rejects this testing process with you.

When compared to accounts that manage signals, the benefits you remain to control your account. You can recognize the problem first and decide whether to exchange every single signal.

The disadvantage of the signal is that you have to participate in the trading process. You must be ready to use and can respond quickly when you receive the signal. It may not be dependent on your job and daily schedule.

Option 2: Robot

The robot brings the concept of trading signals for another step. Like signals, they check the market and search for profitable trading opportunities. The difference is when the robot discovers opportunities. It will automatically invest on your behalf.

The way the robot creates a signal similar to the signal provider. Some people use the computer program automatically. Some people use merchants in real life.

In the use of automatic signals, your robot must be connected to your trading account. This means sharing your login information and reaching your money with other companies. Some traders frown at such processes and quite a signal. Which is a legitimate decision However, if you feel comfortable with the robot service provider You can decide to follow this step.

The fact that your robot must connect to your account, also limits the combination of robots and brokers. You can ask for customer support from the broker at any time whether they can connect the robot with your broker. But sometimes this may not be possible for technical reasons.

Choose your own broker

Some robots use the recommended broker list which works best with android. More often, this list is a way to make money from robot service providers. The broker will receive a commission when the customer delivers to the broker and they use this convenient location to suggest that there are some technical necessities that you should leave your current account and receive a new account. Beware of this type of robot.

The advantages of the robot are you can hire your trading process completely. That means you can reduce errors and trade with the best experts you can find.

Compared to accounts that manage robots will benefit from not receiving compensation from your broker, which will help fix the conflict of interest of the account manager that has been hired by a broker which will benefit when you lose money. Your robot service providers make money when you make money and subscribe to the service, which is a more customer-friendly business model.

Carefully check

The disadvantage of the robot is that you cancel your account completely. While your robot will not be able to steal your money, it may not be good enough for you to lose everything. Unless you check your account regularly and stop a bad robot before it destroys you, you also have a high risk. In any case, you should check your robot carefully before signing.

Optional  3: Social Trading

The third choice with the managed account is social trading. Social Trading allows you to copy trades of other traders like you in your account.

In deciding whether to give any trader to follow, you will receive a list of all traders and their winnings. Now you will get Dave traders, won 80% of his past trading and you can choose whether to copy his future trading to your account automatically?

Most brokers also show the number of trades that traders do in the past month or the amount they invest. Make sure to choose a trader with many trades. Otherwise, you will be at risk of doing business, trading only one hand, which means that the winning percentage of small samples is not talking about the ability of the trader.

Copy the trader

Normally, binary options brokers will allow you to adjust the amount of money you invest in every trading. This reason is reasonable. Because the trader you follow is often highly successful and investing a lot of money. For new traders, it is impossible to reflect the amount of money that those people invest. By allowing you to determine the amount you want to invest, your broker will help you manage money effectively.

In addition, most brokers allow you to schedule for a period you want to track traders and limit stopping losses to stop tracking traders automatically when they lose several trades or specific amounts.

Compared to accounts that manage social trading is an improvement.

  • You will always get the latest statistics about your investigating traders.
  • You get an effective unsafe tool.

These tools help reduce disadvantages and reduce the risk of automatic trading.

Managed account overview

There is a valid choice for managed accounts with binary options. These options target various types of customers with different goals. The main choice you should know is:

  • Signal
  • Robot and
  • Social trading

If you want to control the trades that you want, use the signal if you want to outsource your trade with people who are not related to your broker to choose the robot. And if you want to use automatic combinations and control to use social trading.