How Effective BinBotPro In 2020: Expert Analysis
BinBotPro in the 2020 article will provide you with all the reason to trade with this trading robot. The trading bot is undoubtedly profitable for both novices and experienced traders.
You can trade binary options on both Forex and crypto pairs. Unfortunately, traders from the USA still cannot grasp the benefits of BinBot Pro. Because this trading software does not support traders from the USA.
Regulated brokers like Binarycent and Raceoption support BinBotPro.
As the cryptocurrency market is showing a positive vibe, so it is wise to trade the most profitable asset Bitcoin along with other forex assets in the BinBotPro platform.
Through our blog post, you will get to know the past year trader’s trading experience via this trading bot along with future forecasts. Moreover, this article contains expert statements on Bitcoin with analysis.
Read till the end to find out the best trading time and strategy for BinBotPro.
What Is BinBotPro - Brief Review
BinBotPro is an automated trading bot for binary options traders. Traders can trade binary options on both forex and crypto pairs. You will find a lot of experts are selling their products but BinBotPro differs from other bots.
From 2016, BinBotPro is offering an automated trading solution. Some unique trading features make this trading bot fruitful for traders. The profitability of the listed robots is over 300%. Moreover, the return percentage as high as 90%. New traders can make large profits if they follow the proper strategy.
To start a live trading session, deposit a minimum amount of $250. However, the registration process will cost nothing. Along with the top robot list, you can create a bot with a custom trading strategy.
On the other hand, you will get a wide range of deposit and withdrawal methods. A dedicated customer support team is always there to give you the ultimate solution. BinBot Pro supports three regulated brokers. Unfortunately, the mobile trading facility is still unavailable for BinBot Pro users.
If you want to know more about the platform, then read our complete review on BinBotPro. Or you can start demo trading by clicking the link below.
High Capital Risk Is Involved In Financial Trading
BinBotPro Performance In 2019
This is the first and ONLY automated trading software that trades both cryptocurrencies & Traditional Currencies all on one platform.
The past year’s trading result of BinBotPro was satisfactory. Moreover, we got many positive reviews from our existing clients.
As per their statements, BinBotPro is an excellent choice for beginner traders in 2020. As we already mentioned, this automated trading bot is offering trading features from 2016. Till now, it is alive with all positive reviews.
On the other hand, our team is trading with this software for over 1 year. We strongly believe that this software will help traders to earn over 6 figures if they properly execute trades.
However, traders solely responsible for their trades as they are not promising any fixed profit percentage. To find an alternative, we performed auto-trading with our listed trading robots and other robots are not on our list.
Fortunately, we found it as one of the best solutions for binary traders.
Live Trading Report
Most of our live trading outcome was more than $500 depending on the investment amount. In our strategy phase, we explained the best time-frame that we followed.
In the beginning, we selected three robots from the list. Most of our positive outcome was generate by xProfit and RSIMA cross. These two are the most profitable robot as per analysis and it requires the minimum deposit of $1000 to $2000.
And for Crypto ADX 2.0, we faced a huge loss. However, we found many traders who generate profits by using this robot. The major disadvantage of Crypto ADX 2.0 is, it gives terrible signals. We placed 5 trades and ended up with 3 looses.
The learning point for traders from our report is not to place more than two trades per day. At the same time, do not risk more than one trade.
Top Trading Strategy For BinBotPro In 2020
If you are a day trader, proper strategies will help you earn money from BinBotPro. Additionally, it is possible to get more than the expectation from one trading session.
The money -management rules taught that investing 5% of your balance in each trade is quite risky. However, BinBotPro generally trades with 10% of your balance. But the money management of this trading bot is satisfactory because it will not force you to place more than one trade at a time.
Weekend trading is not always successful for traders, as the major currency market like the New York Stock exchange remains closed. So, you should not place trades on the weekend. However, some small stock exchange around the world remains open. But you will find less volatility there.
You can trade from 13.00 GMT to 23.00 GMT from Monday. Because, the market stays a little bit more stable, at this specific time. In between these above-mentioned times, the market goes crazier from 17.00 GMT to 19.00 GMT. We don’t recommend you that time.
Note that making a proper time adjustment is necessary, who doesn’t live in the GMT zone.
As we informed you earlier, for BinBotPro, the best robots are xProfit and RSIMA cross.
Additionally, you don’t need to change anything, if you select robots from the given list. Trade at any time you want, as there is no perfect or secret time to trade. However, it is wise to avoid mid-night trading.
Disclaimer: Do not take our statement as investment advice. Any trading decisions that you make are solely your responsibility
How To Always Win With BinBotPro In 2020
Continuously winning with BinBotPro is only possible when a trader follows some trading rules. Like manual trading, traders need to check the market analysis for automated trading as well.
Traders need to pay attention to 3 bull news. Turning on the robot without having strategy, will not help you to make money. In one sentence, you cannot trade blindly by selecting random bot with a random signal.
Paying attention to the market news and economic calendar is a must. 3 bull news needs to be avoided because it is not good for your trading health.
For example, turning off all currency pairs that include Euro is recommended, if the Euro has 3 bull news. It will maximize your chances of winning trades.
The other important factor for winning trade is to choose indicators carefully. There are 6 different indicators available. But you should not use all of them together. Using more than 3 indicators at a time will confuse the system.
Set the level of the indicators wisely. It is nearly impossible to lose if you set the CCI and RSI indicators to a level of 2, and RVI indicator to a level of 1.
Finally, you need to control the trading emotion. Trading emotions are too bad for traders. Traders either get too much excited after winning trades or, sad after losing money.
It is wise not to look at the trading window all day long while performing trades. Just monitor trades from time to time and do other works.
High Capital Risk Is Involved In Financial Trading
Bitcoin Price Analysis – Expert Shares
Bitcoin holder will see life-changing profits in 2020 as per the analysis. Bitcoin is still slowly climbing up. And it will keep moving up throughout this year.
In the year 2019, the major cryptocurrency has lost more than 30% of its value. But experts agree 2020 would be the year of Bitcoin, so trading with Cryptocurrency, especially Bitcoin will rise a lot in this current year.
According to the Antoni Trenchev, Bitcoin could go to $50,000 by End of 2020.
He also stated that
Bitcoin is an incredible asset, in the overall financial market. At the same time, it delivers a systemic asymmetric return.
We have already attached the video above.
Vince Prince, Financial Analyst Of TradingView
According to another analyst Vince Prince, 2020 will be a bullish year for Bitcoin. In his analysis, he describes the price direction of the full year from 2020 to the end of 2021.
He used all important indicators along with support and resistance level to analyze the future price of bitcoin.
Let’s have a look what other experts say about Bitcoin price movement. We have collected these expert statements from a powerful website called Cointelegraph.
He is the Chief technology officer of Bitfinex.
I don’t expect Bitcoin to drop below $6,000. We might see some FUD before the Bitcoin halving. By the end of 2020, I think the Bitcoin price will be at least $20,000.
Adam Back, CEO of Blockstream
I have previously commented that I thought $250,000 to $500,000 would be plausible in the longer term. I think there is a good prospect of exceeding the previous all-time high of $20,000 in 2020, as the effects of the halving and technology fundamentals come to bear, perhaps reaching as high as $100,000.
Benedikt Bünz, Co-founder of Findora
As per his analysis, the price of bitcoin will be between $1,000 and $1,000,000
Marc P. Bernegger, Fintech investor at Crypto Finance
The bitcoin price will be a maximum of $55,000 and a minimum of $22,000.
In addition to the halving and inflow of institutional funds into crypto assets, I consider the macroeconomic situation to be a strong driver of the Bitcoin price.
In a financial market completely distorted by central banks, Bitcoin offers one of the very few hedging opportunities, which is increasingly realized by traditional investors.
It would not surprise me if in 2020 some of the bubbles created by the artificial glut of money burst, which will give Bitcoin a significant boost as an alternative asset class.
Changpeng “CZ” Zhao, Founder and CEO of Binance
There are many different perspectives on the future of the market. Bitcoin is still a small market cap instrument, so there will be high volatility in the short term. However, if you look at the fundamental technology, the longer-term view, about a five-year or 10-year horizon, we’re very confident that Bitcoin and cryptocurrencies are here to stay. In fact, blockchain will have a bigger impact on society than the internet. The industry will get bigger — and when the industry gets bigger, the price will go higher. We are also seeing an increasing amount of interest from institutional players, which also indicates a more bullish market in 2020.
Zac Prince, CEO of BlockFi
I think we could see a substantial upside after the halving that triggers a new wave of capital that drives the price to another major parabolic cycle. I don’t think there are many downsides below current levels.
John deVadoss, Head of development at Neo
The value of asset forecasting is to make election polling look good.
In all seriousness, the motivation in investing in BTC (and crypto at large) is in relation to its benefits over the competition. The best performing asset of the past decade has been BTC; I don’t see why there cannot be an encore over the next decade.
Benefits Of Trading Bitcoin With BinBotPro In 2020
Trading bitcoin will give you an incredible return. With a specific strategy, you will become a millionaire with crypto trading. On the other hand, major cryptocurrency like bitcoin may be a safer alternative for traders. It will offer you a level of independence where your money is yours alone.
You can either trade Bitcoin manually, or also can trade automatically. Along with the binary options, BinBotPro is the best cryptocurrency software that generates 700% higher income than other trading software. You will get all major crypto pairs which are the top source of income.
Traders don’t need to change the build-in settings of this trading robot. Just check the market and news events before executing trades. On the other hand, you will also find other trading software to trade cryptocurrency. But, BinBotPro is way better than other software in terms of generating profits.
High Capital Risk Is Involved In Financial Trading
Finally, we recommend that trading with BinBot Pro is effective with the right and proper strategies. Invest your money into income-producing assets instead of holding a greedy mentality.
It is also noticeable that to enhance balance, a trader needs to follow the money-management rules strongly. Select one robot that will give you the desired income level instead of trading with two or three robots.
Based on a pre-defined income level, you can double or even triple your result in one day. So, fund your trading account with an initial deposit to start with!