Trader’s Buddy is a new piece of trading software designed to help you boost profits all while lowering risk. In our Trader’s Buddy review, you will find out everything that you need to know to get started with this exciting new product. More than that, we can help you figure out if it is right for you. So, if you have more questions about Trader’s Buddy, read on to see how it can help you start making more money.
How Does Trader’s Buddy Work?
Trader’s Buddy is a multipurpose binary options trading service and tool. They help you execute trades and they connect you with other traders in a social hub. It’s an all in one service that is a one of a kind product in the world of binary options.
Trading is broken up into three main categories: social, semi-automatic, and automatic. The social aspect of Trader’s Buddy is what our review team found to be the most innovative part of the service. Here, you can connect with other traders, including professionals, and bounce ideas around. You can see what they are doing and how they are getting their information with the peer to peer platform, and you can even copy their trades if you wish. This is a huge leap forward in the binary options industry because it allows you to get inside of the mind of a pro. Typically, this is the kind of experience that would cost thousands of dollars to get by taking professional level trading course.
The semi-automatic and automatic trading categories are also very positive features of the service. With these, you can set criteria for how you want your trades made, looking at assets, risk, and amounts, and then take some of the burden off of your own trading work load. For those that want to profit from trading but don’t want to constantly be seated in front of their computers, this is a good tool to learn how to use. They allow you to determine how much, if any, of your trading you will automate.
With the automatic and semi-automatic trading, you can customize how much you focus on commodities, currencies, or stocks. You can even set a daily risk amount so you never need to worry about losing too much money in a short amount of time.
Is Trader’s Buddy Reliable?
Trader’s Buddy claims to be your “new best friend” when it comes to making money. This is a bold claim, but so far it’s one that they have been able to back up. It’s best to look at this claim from the perspective of their auto trading features first. Our review team discovered that a lot of your success was actually up to you as an individual. Because of this, we recommend starting with as little at risk as possible. Put it on the lowest risk settings that seem worthwhile for you and give it a few days. If you are happy with the results, you can adjust from there.
The peer to peer platform is a valuable asset all by itself. Even if you never try autotrading of any sort, Trader’s Buddy is worthwhile because of this. If it were just the social aspect of things, we would definitely agree that they are your new best friend. Add on a successful autotrading strategy, and Trader’s Buddy might be one of the most exciting products out on the market today.
Is Trader’s Buddy Risky?
One of the cool things about Trader’s Buddy is that you are able to control your own levels of risk. If you want to take on riskier automatic trades, you can. If you want to be more stable, you can do that. It’s really up to you. For this reason, having binary options trading experience is really helpful, but it’s not totally necessary. You can learn this as you go.
Their risk levels break down into three main groups. Their Rush Options feature focuses on 120 second options and shorter expiries. This is the riskiest setting. The Baser feature is more of a middle ground. Here, expiries go to a maximum of about 4 hours. And for those that want the least amount of risk, the Investo feature is the way to go. With this, expiries stand at about 3 days maximum. If you know what kind of risk is best for you, choosing one of these will be a lot easier. We recommend starting with Investo or Baser and get a feel for the product before you drop down to Rush Options.
How Much Does Trader’s Buddy Cost?
The best part about all of this? Trader’s Buddy is completely free to sign up for. You can create an account in about five minutes—more on this later.
Our review team must warn you, though. Trader’s Buddy is free to sign up for, but that doesn’t mean that you won’t have to pay for it if you want to trade through them. The people behind this software make money off of you with every trade that is made. That’s okay with us. By making trades automatically, our workload is lessened. Paying a little bit off of each trade to the team behind this product is a justified cost, and one that more than pays for itself.
How Do I Sign Up?
Once you are on the main homepage of the Trader’s Buddy website, there is a big green button in the center of the screen that reads, “Open a Free Account.” Click on this and you will be prompted to give your name, phone number, and email address. Fill all of this information out, along with a password, and you have an account. You will need to fund your account next if you want to set up trading capabilities. You can use a credit card or a wire transfer to fund your account. You’ll have a wide selection of binary brokers to choose from, but we recommend one of the brokers mentioned here.
Where are My Profits?
When you are ready to make a withdrawal from your account, just get in touch with your account manager. They will let you know what you need to do to get a withdrawal finalized. There is typically some paperwork that you’ll need to fill out, and then the money is sent back to you. It’s a very simple and secure process.
Is Trader’s Buddy Right for Me?
If you have looked over the above questions, you probably already have a good idea of whether Trader’s Buddy is right for you or not. It is a strong product, and one that gives the average trader a lot of potential for increasing their profits. This review is designed to answer all of your questions, but we also encourage you to check out their site for yourself if you want to learn more. We highly recommend this service.