The best connection can be made by tinning the bare speaker wire then tightening the binding post down on it.
To tin a wire, apply the tip of your soldering iron to the wire for a second or two and then apply a little solder to the wire which prevents fraying and helps deter corrosion. The solder should flow freely into the wire (stranded wire) and fill it. You may need to snip the end off afterwards, particularly if you have put a little too much solder on and it has formed a little ball at the end of the wire.
The larger the wire, the longer it will take to heat up enough to draw the solder in, so use a higher temperature soldering iron for larger cables if you can.
This is the simplest, least expensive and most direct connection that can be made.