Best Binary Options Autotrading Robot for 2017, Software To Use?

Michael Joseph Presley warns that binary options autotrading robots don't work and most are scams. Gurus profit from affiliate commissions, not actual trading. He recommends free charting tools like Investing.com and MetaTrader for manual analysis instead.
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Hey guys, welcome back to the channel. And today we're going to talk about auto trading software and various software programs, uh, used with binary options trading. Um, I have been getting quite a few questions regarding auto trading robots, uh, getting messages about what various types of software do I recommend to use. And so today we're gonna get into that a little bit and talk about, you know, what's the situation with these auto trading robots? Should we use them? Do they work? And things like that. So as I get started, as I know many of you who ask questions like this are probably looking for a list. and some recommendations. So let me first start off with saying this: the, the very, um, uh, fact that people in the binary options industry get a lot of questions suggests to me that there is a need, uh, for auto trading software. And let me explain what I mean by that. Um, you know, life can be very busy, and people, uh, who are looking for ways to supplement their incomes, make extra money, or make a better life for themselves, who, uh, maybe have done some binary options trading or interested in doing it, um, you know, maybe seeing this as a a viable solution to some of those issues they're having. But, um, you know, because they're burdened down by, you know, maybe working too much, trying to take care of their families and things like that, uh, it would be easy for them, uh, or life would be so much easier for them if they could just, uh, push, push a button and have all their cares go away. You know, unfortunately, you know, that's not how life works. And, you know, we're not gonna, you know, always be able to have things at a push of a button. And, you know, if you've watched some of my past videos— if this is your first time to the channel watching a video like this and this subject interests you, I invite you to, you know, watch my past videos on, you know, various topics about getting started binary options and how they work and what they're all about. But the— in that, because that need is there, until that need is met, it's going to continue to be there. So let's talk about the reality of auto trading software robots and what softwares may work and and let's talk about possible solutions now or in the future that can possibly be or aid you in this problem. And, you know, you know, ways to try to work through the problem. So first, we need to understand that there is no magic solution. There is no magic potion. There is no magic bullet. None of that. You're not going to be able to push a button on some software. I mean, come on guys, if it was that— if it was really that easy, uh, everybody would just be walking around successful using robot software and things like that and don't, you know, don't have problems. You know, we— it can't be that easy, and it's not. Um, but let's talk about what are some solutions we maybe can come up with and just and just, uh, get a little bit into the, the industry, the auto trading robot industry, a little bit, uh, you know, from the beginning, how it started and what's going on with that. Well, you know, as we march along the 21st century, we understand that artificial intelligence and various types of robots are now being used a lot to aid us to to make our lives hopefully a lot easier. And, uh, the very interesting thing is that as much as they talk about artificial intelligence and what can be done with that type of software and in that type of area, one thing everybody's interested in that comes up, comes up a lot is artificial intelligence in the stock markets, you know, in the financial markets, uh, where we have these, uh, supercomputers able to predict what the market's gonna do. And, you know, we already pretty much have that, but a lot of these artificial intelligence programmers get a lot of funding and get more opportunity from creating financial software than actual, you know, creating a type of robot consciousness to aid in other areas. So that's, that's, you know, that's an area that's big in demand, you know, getting robots to predict stock markets and things like that. And I find that very interesting because there you have a need being met in these financial industries. I can see a day where brokers aren't even needed, you know, where a robot's doing all of a broker's work and the broker's firm is pretty much all automated, you know. And that day is coming. But that speaks to this need again of needing this robot software. So what am I saying then? Am I endorsing any type of robot trading software? Uh, the truth is, guys, is I did do a video, um, a long time when I first started making videos about binary options about certain robot software, and I said clearly in the video I didn't feel that it, you know, that the software worked. And that's been pretty much the, uh, message I've been getting with, um, you know, the majority of these robot trading softwares overall, and that is they aren't getting people the needs that or getting them the results that they're looking for. And so, you know, I would never be able to in good conscience endorse any kind of auto trading software with those type of results. And a lot of people who use these softwares already, you know, pretty much know the answer, what the answer is and what their results have been using these auto trading robot softwares. Yet they keep being endorsed because we live in a, in a world where people want things easy. You know, we, we, we love easy. We love pushing a button and all our needs being met. And as long as that need exists, people are gonna be able to put out these various type of robot software programs and make money on them. So another problem in my industry in the binary options industry with a lot of people who, you know, put out courses and they teach various ways to trade, and a lot of binary option guru types who can train you how to make a lot of money. The problem is that in a way they're kind of bought out, or they kind of sell out in a sense, because they can make so much money promoting these, these robot systems, affiliate programs, commission programs, that, you know, it's more lucrative for them to integrate that into what they're teaching you, recommend various systems and softwares and signals and, you know, all that. And that's where they make all their money. They don't really have to trade. They don't really have to be in the trenches and I don't say that to, you know, I believe everybody has a right to make a living, and this is, you know, personal direct attack on any particular binary option guru who does that. I do believe many, some of them have very good intentions, and, you know, they're really hoping that everything works out. But the reality is oftentimes it doesn't, and people invest in these various signal programs and option robot programs, and they don't get the results they want, and they end up losing all their money. And nobody has to pay for that, you know, nobody is responsible for that. And, you know, the software, it doesn't— you know, you don't get any guarantees with it. So people end up losing, and, you know, they move on, and these software program, programmers integrated through various brokers, they move on to the next victim. So it's, it's a, it's a very, uh, you know, messy business because the people we rely on to give us good information, they're kind of bought and paid for. So, you know, they're at the same time trying to promote, uh, certain softwares and brokers and things like that. So, you know, it makes it really hard to know who you can trust and what you should be doing and things like that. So I want to talk to some possible solutions to that, some of the things we can do about that. You know, if I do recommend any robots, if I do recommend any software with everything I've said so far and everything that's going on. So let me just say this, um, Although the binary options or the auto trading software or robot in binary options has up to this point, I believe, been a disappointment, I want to say that as we're on the cusp of this kind of artificial intelligence, you know, period where we'll see this, this great leap in artificial intelligence, as many believe, that, uh, there is going to be a software or robot produced, I believe, somewhere in the near future that's going to give us close to the results we're looking for. I believe that's going to happen, and I believe it's going to always be an issue because this is something people need in their lives. They're busy. We want technology to make our lives easier. So I do think there can be hope and results from the binary options robot industry. And I believe there will be such a software, but it hasn't happened yet, guys. So I just want to say that I don't endorse any robot software, and I don't mean to make this a clickbait type video because I do believe in binary option robots, but What we've seen so far in the industry isn't what we're looking for. So be careful, guys. If you've tried them and you've got some good results and it's worked out for you, uh, you know, maybe that's been good for you, but I would be careful on how these things work. It's a lot of controversy around them, how they integrated with certain brokers and how they could be all worked together and integrated together, scam people out of their money. So be very mindful of that and careful of that. Uh, in saying all that, what I will propose at this point is that these programmers and these companies that are doing that, uh, you know, if you're looking for a, uh, you know, a viable solution, I offer my consultation services free. Uh, I love putting together economic models that work I have some experience in that, and I would be more than happy for free to try to come up with some ways that for you all to use these programs and robots in order to make our lives easier in the binary options industry. I only would like to work with you guys because I understand full well the demand for option trading robots, and I believe there is a model that can be used that I'm working on one now, and I don't really have any intentions of ever starting a binary options broker platform. That never was really my goal. I thought about things like that earlier in the past, but unless something comes along or a programmer comes along or a company comes along that has the well-being of their clients first and foremost in hand and are willing to work and help me to create some of the models that I wish to put into place, uh, I have no, you know, no intentions of being involved with any binary options platform, creating one, or doing anything in that arena besides what I'm doing now. And it's trying to give people some courses, some courses, tutorials, and some hopefully helpful information to give them advantages when they're trading binary options and to help them to be successful at it. But what I would want to say in this, in this portion right now is kind of more geared toward the companies that put out these option trading robots and various things. What I would like to say to them is that there, I believe, is a way that you can use these robotic programs to be of use to people. And some of that would involve, uh, a protect— an equity protection program on people that use the robots and actually lose their money. And it wouldn't require any upfront cash from you all. But a very well-placed, uh, percentage of, uh, of shares and stocks in that binary option brokerage company would have to become a corporation with shares that in which people lose money in these particular firms, that equity passes into shares that are set aside with them. So through their losses, they have a certain amount of equity in that business, and then in the ability that the company cannot pay out on certain trades, that that all be, uh, transparent and that they be honest with customers. And I know they don't— people don't think that model would work, but you would be very surprised at how people will support an honest business that wishes to help and protect its clients even in the event that business is not liquid. You will be surprised at, you know, as a broker, I've had clients that have worked with me because they liked me, not because I made them a lot of money, or not because I was very good at it, but because I was— they liked who I was and they wanted to work with me. And it could be the same thing with a lot of these brokerages that use this robot software. But they need to reshape their business model and they need to do a lot of things. But I'm not going to finish out the video with a lot of my ideas. They should feel free to contact me before they do more damage to this industry and before they make it so they have to be these fly-by-night companies constantly creating other shells of businesses in an attempt to scam customers out of their funds. So we can fix this in this industry. And I've offered my consultation services free, so it's no excuse not to seek out, try to get them. Uh, so with that said, let's move on to some other questions I got regarding, uh, what software do I use. Well, as I said earlier in other binary option videos, you don't have to pay for any of this software. You don't have to pay for any signaling services. I understand again that people do these things in order to make a living. It's people who need to take care of their families. And as I said in this video, it is not my intention nor goal to stop people from making a living. You know, if you like what you're being taught and if you like the results you're getting from it, then you should work with these people. Uh, not necessarily because they're making you a lot of money, uh, not necessarily because they're great at what they do, but work with them because you like them. I work with people because I like them. Everything doesn't have to be about money. I do business with people I like sometimes. I'm not saying that's the best business model, but you know, that happens sometimes, and we know this happens. Um, so that's what I would say to that. But let me talk about what kind of software I use. I'm a big supporter of Investing.com because everything's at Investing.com and it's easy. They have real-time charts here as you're looking at one right now. All the various types of indicators are available. You want to do Bollinger Bands if you want, whatever you want to do, it's available here. I have nothing against using MetaTrader software. I think MetaTrader software is very good, but I do think MetaTrader software was created initially for the forex market, so You know, in using charting and selecting, you know, what trades you want to do next. And I've done videos on this about how to do research, when to enter, when to exit the market. Feel free to go back and look at those other videos on that. But you have to try to figure out what type of trading you're doing and you have to, you know, try to figure out what You know what, uh, you know what, uh, uh, the time frame of the option you're doing. You know, are you doing minute options? Are you doing day options? Are you doing, uh, weekly or monthly options? Because this is all going to be very important to type of software, uh, you use as well. And, uh, you know, for instance, me personally, and a lot of people disagree with me on this, but I don't believe there's gonna be anything that can really help you, uh, as far as selecting an option under 5 minutes besides the concept of probability. You know, you— if you gotta make a trade decision in 5 minutes, my personal, uh, view on that is that you're not going to have enough data and information and time for the market to move in a window that short for the market to react. You know, you're basically just throwing darts on the wall. This is my view of it. And you know, people disagree with me. A lot of gurus disagree with me. We agree to disagree. But I don't think there's much that can help you in a window that short. I don't think it's a chart or a graph out there or research out there that can help you in a window that small. Besides being able to make enough trades to get your money back in a short window of time. Now, don't get me wrong, that's not to say indicators don't help to a degree in which direction to put that in. But what I'm saying is you need to be able to, to not depend on just one trade in a small window of time. So if you only have enough capital to win on that one trade, on that particular trade at that particular time, I don't think that short-term options are going to help you no matter what software you use unless you have a great amount probability on your side. Now when you're dealing with longer-term options and you're using charts and graphs and things like that, uh, that's a different story. I do believe in that particular case that this is when you need to be charting And this is when you need to be using charting and research, you know, in relation to that and in addition to that. So that's my thoughts on the software question. I know y'all probably thought you was gonna get a list of the best robot trading software to use and things like that. But guys, like I said, that software hasn't been invented yet. And I would stay very clear of that. I believe it will be invented, as I said in the video, or a model will be invented that is a lot better than what we're getting now, especially for busy people who want to do this or who don't have time to trade. So that's all I want to say in this video, guys. If you like information like this, uh, want to help the channel, want to support the channel, um, feel free to share the videos with your friends, share it on your Facebook, on your social media sites, and various things like that. If I just want to say too, also with the subscription, but I know a lot of people watch videos, they don't hit that subscribe button. And I want to tell you real quick the importance of that subscription button. If you're like me, you probably watched a lot of videos online, YouTube and things like that. You might like some of the content you view, you might like, you know, some of the material. And when you, you know, after you watch that video, you don't subscribe, and then next time you're on YouTube YouTube, you're looking for videos from that person, you're probably trying to type their name in the search, things like that. There's a much easier way to do that. You can do that by hitting the subscription button, and there's this little bell at the top of your YouTube page. I'm sure you've seen it, uh, where your notifications come through. Hit that bell and you will see, uh, my, my latest videos and things like— but not just my videos, you know, uh, whoever your other channels that you like that you haven't subscribed to yet, you just kind of watch them on a whim, go ahead and hit those subscription buttons for the other channels as well. That's going to make it easier for you to find their videos. Now you got to go through the search and wonder when they're putting out another one if you like the content. That's it for this video, guys, uh, and until next time, take care.
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