The best binary bot traders can find is the Binarybot.live. It consists of free bots that you can use for binary trading very easily and also there are many guides and easy steps for higher successful strategies that can be used even for beginners.
To get started with the binary bot the trader should go to the binarybot.live and the trader will find the above page. There are few login methods to the binary bot, traders can login using Derive account or the API token for quick login to the binary bot.
If the traders don’t have an account they need to click on the create an account tab and it will direct to the Deriv Trading Platform and need to create a new account with easy steps.
Creating a deriv account is very easy. Traders can directly use google, FaceBook or the apple account to create the Deriv account easily.
After finishing with account creation traders can create an API token to quickly access the binary bot with accessing the Deriv account settings.
Step by step explained How to get started with binary trading for beginners | Binary.com | Deriv.com
After the creation of the Deriv account traders are ready to use different bots that binary bot provide with higher success rate with minimum risk, and also for low balance there are specific bots that traders can use at the beginning.
- Available for Synthetic Indices
- Highly customization built-in strategies.
- Manual and Automated trading modes.
- Integrated money management tools (stop loss, profit target, Martingale, Oscar’s Grind, etc.).
- Analysis tools such as market trends, sentiment indicators, etc.
Creation of API token is very easy once the trader login to the new Deriv account,
Step 1-Traders need to go into the account setting as above mentioned in the screenshot.
Step 2- After that traders can find the API token tab at the left bottom of the screen,
Step 3- After clicking, traders just need to tick “Read” and “Trade” boxes.
Step 4- Then the traders need to insert a name for the API token.
Step 5- Finally traders need to click Create, then need to copy the API token from the list and paste it on the Binary bot to quickly login to Binarybot.live.
Financial trading is very risky and can result in account losses and total account wipeout if proper risk management procedures are not adhered to. Only trade with money you can afford to lose.
Traders always have to login to Deriv trading platform to analyze the market correctly before proceeding with the trades. Then the traders can identify when to do trades with binary bot to get higher returns for their funds.