TradersBuddy is a new innovative auto trading software that is putting forward 3 unique types of trading to satisfy traders’ growing needs; a rare feature which sets it apart from standard robots.
Read our full review to discover what this system can do for you.
For the time being, TradersBuddy is accepting new members at no cost whatsoever; seeing as the system was only launched in the last few weeks, all new members will be recruited as ‘a limited number of beta testers’ who get to try out the software for free.
Opening a TradersBuddy account takes less than 5 minutes as all is required is filling out a short form.
As mentioned before, the system offers 3 distinct trading styles according to trader experience and personal preference.
- Social Trading
This type of trading has gained popularity over the past few years with many investors since it mimics a social network layout and allows traders to see how others are trading before placing their own trades. By voting if an option will end as ‘Put’ or ‘Call, a signal will be delivered which other traders can use, thereby taking advantage of the market experience of professional traders.
Voting is a serious matter at TradersBuddy; traders are encouraged to use the 3 indicators available (EMA, RSI and MFI) to make informed and responsible trades. When the indicators have a high percentage, the position is more likely to end as ‘Put’ while the lower their values signify that ‘Call’ will be the more likely outcome.
- Semi-Automatic Trading
TradersBuddy also generates trading alerts, called signals. Traders may make use of these signals to place trades while still retaining control over their trading experience; they get to decide whether to go ahead with the trade or hold back. Signals are a useful feature as they inform traders of market trends and indicate low-risk trades which have high returns. TradersBuddy provides 2 kinds of signals; those which can be traded there and then and others which are pending and can only be traded at a certain time.
- Automatic Trading
Fully automated trading takes most of the hard work which trading entails and does it for you. There’s no need for tiresome fundamental or technical analysis here, as the system analyses the market and places trades on the trader’s behalf. However, TradersBuddy still offers its members the choice to manage their trading experience by personalising their settings beforehand and also to choose when to turn auto trading on or off as they please.
The website presents 3 option types, with varying expiry times, to suit different kinds of traders:
- Rush options – last up to 120 seconds, perfect for traders who want quick returns
- Basers options – expire within 4 hours, convenient choice for day traders
- Investo options – last up to 3 days, suitable for more serious traders
Traders will be pleased to find that TradersBuddy offers 24/7 customer support. The site lists 2 email addresses as well as a useful live chat feature. Although there is no phone support and the FAQ section could be more detailed, we found the live chat to be extremely helpful.
The friendly agent will contact traders immediately upon entering the site and is always ready to help with any trading concerns traders may have.
The site also features and extensive education centre, which is stocked with useful video tutorials and other handy resources to guide traders of all levels.
TradersBuddy was launched quite recently, just a few weeks ago, by the same team behind the popular auto trading software BinaryOptionsRobot.
Since opening up for an account is currently free of charge, we urge traders to try out the system for themselves, before a price tag is inevitably attached.
Traders should take note, however, that in order to start real trading with TradersBuddy, they are also required to sign up and make a deposit with one of the regulated brokers connected to the site’s platform.