One of the most popular ways to trade binary options is definitely by using binary options robots that support automatic trading. Such software enables traders a more straightforward approach and more relaxed binary trading. However, not all binary trading software is created the same – there are good ones, bad ones and the ones in between. Considering it is 2018, and binary options robots have been around for quite a while, we will use this article to introduce you to latest trends in binary options robots, so you can select a binary robot that is right for you and your trading needs.

Binary options robots have come a long way from their start a few years ago. No wonder, especially considering how trading habits and technical environment have changed. Traders have changed as well, as they are no longer amateurs trying to get rich fast, but well-educated participants in financial markets. Binary options robots are in demand now more than ever, as it is easy to see all the benefits they bring to trading.

Here are some characteristics of good binary options robots.

Free Binary Options Robots

Traders don’t want to waste their money on expensive products that will charge a commission on every trade or a hefty fee each month, even if they aren’t trading because they are on vacation. In 2018, the best binary trading software is free, which means that even traders who don’t have significant amounts of money at their disposal can use it as well. The usage of such product won’t affect their account balance, and they will get an amazing level of service and will be able to benefit from free trading signals that will be automatically traded on the interface available with the robot. Free is the key in 2018, and it will probably stay that way as traders prefer free signals overpaid subscriptions.

Auto Trading Demo

Modern binary options robots offer demo accounts as well. Demo account and demo mode were something that was more common with the binary options brokers than with binary trading robots, but things are changing. Traders simply want to try the trading platform before using it, and there is nothing wrong with that. They can easily test the trading signals by using the virtual money they have at their disposal on the demo account. It is of crucial importance to take advantage of this feature, if possible, as once you start real trading you won’t waste your precious time to figure out how different features are used. Make sure to use the demo in case it is offered and advertised on robot’s website, as there is no better way for getting familiar with the trading algorithm.

Binary Options Robots Features

In the past, the main trading feature of binary options robots was the ability to turn the auto trading mode on and off. Now it seems a bit funny, but back then, it was a revolutionary idea that trader doesn’t have to trade 24/7. Modern binary options robots in 2018 have plentiful of features, tools, and settings that allow traders to modify the way trading algorithm works, so trades delivered on their dashboard are more customized. With binary options robots, you no longer have to waste your time or money on unwanted traders as you can turn on and off certain assets, limit the number of trades, take profit when you reach a certain level etc.

Responsive Binary Options Auto Trading

Can you imagine having to download a special app or program for every device you are planning to use for trading? After binary options robots managed to create web-based platforms, they went a step further with their responsive design that is easily adjusted to different devices. Instead of having separate apps for Apple and Android devices, now traders can easily access the trading platform from mobile and tablet web browsers as well. They don’t have to worry about having the latest update or the latest app version.

The main benefit of this new and improved approach is the fact that traders can easily trade whenever and wherever they feel like without being restrained by a single device or a platform that is not adjusted to a small screen and touch commands.

Author's Bio: 

Signe J. Petersen is an experienced trader of stocks, currencies, commodities and many more. In the wake of rising popularity of binary options trading.