Global Auto Trading is a very practical and easy trading platform that executes trades in the selected broker’s account. But how does it work in practice?
Well, the service receives alerts and then enters the trades in each investor´s account. Traders are responsible for depositing or withdrawing money from it and also to establishing the exact amount to be allocated to each trade.
There are several advantages to auto trade:
- There is no need to spend all day long watching the market movements, as the platform does it for the trader.
- It helps indecisive traders make a move and avoid losses while generating profit at the same time.
- Setting up an account with Global Auto Trading is easy and simple. Traders are required to sign up and an invitation to open an account with a chosen broker will be sent to their email. They need to deposit some funds in order to start trading.
After setup, the platform takes care of everything concerning the newsletters received and executing the recommendations established on them.
The service fees are: $70 per month (first auto-trading in an account), an additional $30 per month (second service) and an additional $10 per month (each subsequent service). Also, the trader should be aware of the current promotions page with information and great deals.
Global Auto Trading Newsletters
If trader already has an account with Interactive Brokers, there is no need for opening a new one. The trader must login to the existing account and click on “Manage account” and follow the procedures. Have in mind that Global Auto Trading does not point out which is the best newsletter, but it lets the broker do his own choice based on a previously done research.
We do not really see where is exactly auto trading here. The idea is not only to make it easier for people because they do not have to click Call/Put constantly. It is also about knowledge – providing service of advanced algorithms or expert traders who can make trading easy for regular people who are still struggling with the market. Newsletters are fine, but in the end, traders need to do their own research which defeats the purpose in a way.
Best auto trading software is Binary Options Robot. Try it, it’s free!