Binomo is one of the market participants in the field of trading. At this website one can earn and withdraw cash. But not all brokers know how to play Binomo correctly. Therefore, it is worth finding out some features and rules of money management that work in the field of binary options.
Overview of trading terminal
The Unique feature of the platform, whose official website is binomo.com, lies in its well-developed terminal. Thanks to this, the Binomo project is considered one of the best in the field of binary options and forex. Initially the platform offered each user primitive functionality and over time the site interface was significantly improved. That is why today it is easy to make money on the portal of this company, and any beginner can start trading. Also, one can understand how the profitable Binomo project works and how to manage capital on this site by opening a demo account.
This will not require special skills, knowledge or investments. On the website everything is presented for novice traders and experienced players.
So, what are the features of the website interface? In this article we will consider what is offered at Binomo to each registered user. The first thing to note is a schedule. Here it is:
- Line chart;
- Graphical tools and indicators.
In the side panel to the right of the webpage is the transaction amount and also the hot keys that are required for trading via keyboard. In the same part of the binary option, the direction of contract is presented, that is – Down or Up.
In the upper part of the website panel one can find such important sections as the information block, personal account, tabs with graphs, type of account and cashbox.
On the left part of the website are individual gifts, information about tournaments, promotions, economic calendar, service alerts and the Chat section from the operator. Here, one can also find ready-made strategies for beginners and transaction history.
The bottom panel provides the Binomo service players with tools of graphical analysis and settings of a graph type with its timeframe. Here, the user is invited to add indicators.
What are some other management features? At this binary option, online chat is available to every user from absolutely any page. He can immediately connect with the operator in case of questions or difficulties. The service operates round the clock every day, without days off and holidays.
Please note! Binomo offers clients its application too. Although,it’s functionality is almost identical to the classic version for PC, it is worth considering that in the application, the number of tools for market analysis is significantly lesser. It is great for deposit replenishment and tracking regular income.
How to earn and play on Binomo
Beginners who are just mastering the direction of trading should understand the basic rules of work on this platform. Earnings in this project happens taking into account all those market features that are fair in any other direction of trading.
That is, the price movement here is undulating. Some members of the system sell, while others buy. Moreover, in some cases, brokers make deals, which does not always lead to profit. The reason for the loss becomes haste. The thing is that not all traders are able to correctly use the analytical tools on Binomo. Some beginners do not know how to distinguish candle patterns of reversal type and identify them.
To get real profit on this binary option, it is important to choose a good asset with a high degree of volatility. If we take the EUR / USD pair as a basis, then here each trading asset has its own characteristics. Moreover, they directly depend on the time of day. Therefore, it is worthwhile to decide in advance, the period of trading binary options.
Among other rules, it is worth trading using minimum sums. Such an approach will minimize risks. At Binomo, the minimum deposit is 1 dollar. That is why it is recommended to choose just this amount of money. Such a sum is ideal for making first deals. This rule is definitely worth using for novice traders to avoid losing much.
Also, it is needed to identify general trends in playing on Binomo. Based on this, a trader will be able to enter the market during a correction. When a deal becomes winning, his balance gets replenished. It will increase by 85% of the investment amount. If a transaction turns out to be unprofitable, it is necessary to double the amount of transaction. This is 2 dollars. At the same time, it is recommended to enter the market during the next correction in the same direction. Such an approach allows us to win back losses from previous approaches.
Using this simple guide to working at Binomo, a broker manages to always have a profit. How can one achieve this? Very easy. At a certain point, a deal will be closed with a win. Accordingly, all previous losses will be covered.
Method number 2: Features of making deals
There is one more strategy for playing at Binomo. This approach almost always works in the foreign exchange market. What is its essence? It is proposed to conclude contracts in a process of changing trend tendency. During this period, the cost is consolidating. There are no sharp jumps and fluctuations. But after a lull,the quotes usually move in the opposite direction. As a result, a trend change occurs.
Therefore, when buying the option “Down”, a deal is closed for a player with a loss, then one can safely short next deals. But there is an important rule: with each approach, it is necessary to increase the contract sum by 2 times. But expiration remains the same. Due to double bet, a broker will be able to cover the loss.
What is attractive about this method? This method of trading on the Binomo binary options is considered the most accurate. It allows a broker to trade successfully, make a profit and withdraw cash. But here it is important to learn how to read graphs correctly. If on this, set a timeframe for a minute, then for 5 minutes the expiration for all the next 3-5 Japanese candles is selected. This tactic is very convenient. It allows to:
- smooth out emerging noises on the market;
- competently wait for the price reversal in the required direction;
- increase the deposit in a week by 200-300%.
Please note! This technique at Binomo is used by both beginners and professional brokers.
“3 indicators” strategy
There is another lucrative strategy with help of which one can play at Binomo, which passed certification of FC and FSC types. But this technique is presented by a whole series of tools responsible for high income and quality.
Using the “3 indicators” scheme, it is best to engage in trading during daytime sessions. The maximum profit can be up to 150% from total transaction value. In total, one can make 10 to 15 transactions. But here one will need to use such currency pairs in which there is EUR or GBR with increased volatility. That is, this approach is not suitable for trading crypto idx.
Technical settings of the strategy should be as follows:
- options 20/40/9, MACD oscillator;
- timeframe M1;
- a pair of moving average durations of 5 and 10.
In this case, the RSI indicator is used with an overbought at 70 and an oversold at 30. This indicator line means movement of trend. In the overbought zone, it moves upwards by about 30. As for the pairs of moving averages of the MACD oscillator, they meet in the upward direction and fix a reversal.