Binomo trading tricks

Multiple online trading platforms have emerged on the internet, but very few have managed to stand out from the masses. Among them, Binomo has quickly become a popular and convenient online exchange platform reaching across 130 countries.

Binomo is an online trading platform that provides access to numerous financial assets and analytical trading services with practical tools. Users can learn about and trade in more than seven different assets, including currencies, indexes, commodities, and more.

The International Financial Commission (IFC), an impartial, external dispute resolution agency, safeguards Binomo users' interests, validating the platform. The platform provides a healthy environment for beginners and professional traders to help them achieve their specific trading goals.

Binomo trading tricks

In this article, we'll look at several strategies traders can apply while trading on Binomo.

1. Increase Your Trading Capital with a 100% Welcome Bonus

A welcome bonus is a promotional offer that provides traders with additional funds when they open and fund a new trading account. This bonus can provide traders with extra capital to execute their trading strategies, allowing for more positions and potentially amplifying profits.

How to Activate the 100% Welcome Bonus:

  1. Register for a new account on Binomo’s official website.

    • Note: This 100% welcome bonus is exclusive to Eseta readers and works only if you register a new account using the link above.

  2. After registering your new Binomo account, go to the "Deposit" section.

  3. Select your deposit amount and add the "BEYOND-100" promo code to activate the bonus while making your first deposit.

    • For example, if you deposit $200, your trading balance will show $400 as your total capital.

2. Use the Right Trading Indicators

Indicators are tools used to analyze the mechanics of asset price movement, decode trading systems, and get signals to make profitable investment decisions. Below are some popular indicators available on the Binomo trading platform:

Moving Average Indicator (MA)

The MA helps calculate the average asset price over a specified period, assisting traders in discerning the general direction of asset price movement. This indicator helps make better judgments when forecasting the trade direction.

Settings:

  • The number of candles on the chart depends on the indicator period's duration. More candles provide more general information about the movement trend.

Bollinger Bands

Bollinger Bands calculate the average price for a specified period and the average deviation from the normal average for that period. It helps determine the intensity of quote movement and shows precise changes in the direction of the quote movement.

Settings:

  • Customize the moving average calculation type, the number of candles required to calculate the average price, and the parameters to calculate the quote deviation from average.

Moving Average Convergence/Divergence (MACD)

The MACD is a trend-following momentum indicator showing the relationship between two moving averages of an asset's price. It helps traders understand where the price of an asset might be heading.

Settings:

  • The MACD line is calculated by subtracting the 26-period EMA from the 12-period EMA.

3. Manage Your Money Wisely

Money management in online trading involves limiting risk while maximizing potential rewards. It involves making informed decisions about how much money to invest in a trade and how much risk to accept. A solid plan on capital usage and risk management is essential for success.

Tips:

  • Trades should not surpass 2% of your total balance for beginners.

  • Keep all open trades accounting for at least 15% of the entire balance.

  • Set daily limits for the number of failed deals, such as ten or 15% of the total sum invested.

4. Optimal Trading Times

The timing of your trades can significantly impact success. Track the opening hours of the four main trade markets: New York, London, Tokyo, and Sydney. Each market has different opening times depending on the corresponding time zone.

Key Points:

  • All markets are open for 9 hours, 5 days a week.

  • Markets are mostly open all day due to time zone differences, offering many opportunities.

  • Sydney and Tokyo markets overlap, as do the London and New York markets.

Best Trading Times:

  • 5 am to 12 noon: Highly volatile pairs: NZD/USD, EUR/JPY, GBP/USD

  • 12 noon to 7 pm: Highly volatile pairs: USD/CAD, USD/JPY, USD/CHF, GBP/USD, GBP/JPY, EUR/JPY, EUR/USD, EUR/GBP

  • 7 pm to 5 am: Highly volatile pair: AUD/USD

5. Continuous Learning and Adaptation

Trading is a dynamic activity with evolving tactics and assets. Staying updated with the latest trading features is crucial.

Steps:

  • Regularly review the history of your trades to deduce patterns and improve strategies.

  • Keep a trading plan that includes the period, amount of money, markets, strategies, and withdrawal indicators.

Conclusion: Can Binomo Make You Rich?

Binary trading can be an efficient way to earn money if particular rules and strategies are followed. Binomo offers a demo account to help prepare future traders for the industry. With a sound trading strategy and keen insights, significant profit through forex trading is possible.

Final Tips:

  • Use the demo account as real to gain practical experience.

  • Avoid 60-second trades to minimize risks from price fluctuations.

  • Consistently record and analyze your trading strategies.

  • Maintain a systematic trading approach and solid money management.

Verdict

Binomo presents a platform for honing forex trading skills, suitable for both beginners and professional traders. Building and mastering a strategy can lead to maximizing profits. Stay consistent, and the results will speak for themselves.

Binomo Reviews

June 24, 2024
I prioritize trading here
Binomo broker remains a priority for my trading for two years now. The platform is good, makes trading easy and fun. Here you can trade not only binary options, but also currencies, stocks and many other assets, so there really is a choice. In addition, each trader can use indicators for trading. There are some nuances at Binomo in the form of a decrease in the size of profitability at different times, but it is not critical.
May 15, 2024
Binomo is a good platform for trading BOs
According to a number of parameters Binomo is a normal company for binary options trading. The convenient terminal has all the necessary indicators. In binary options the most effective is technical analysis, so I advise you to study this issue very carefully. The good thing is that you do not need to go to a third-party service to analyze the market, you can analyze directly on the platform. Because Binomo has quite good market analysts.
April 23, 2024
Suitable for a small additional income
At the beginning of this year, I joined the Binomo platform in search of additional income. At first I was unaccustomed to working with the interface, it seemed awkward, but over time I got used to it, and now many actions are performed almost automatically, without too much thought about where to find the necessary information or section. The platform provides ample opportunities for trading. Of course, there are some disadvantages. Especially unpleasant is the restriction on withdrawal of funds before the bonus is worked out. Everything is fine with tournaments - it is interesting to participate in them, I wanted to test my strength by communicating with other participants.
April 19, 2024
It's going pretty well so far
This platform is a great platform to start trading, from the support team to the simple website design. The broker is suitable for both beginners and experienced traders. You just need to learn the market and when you have money, invest. There are small minuses and errors, especially about the site hangs, but it's kind of all you can try and it's not so critical. So 5. Start trading and don't be afraid!!!
April 8, 2024
Binomo - Empowering Traders Worldwide
Binomo has truly impressed me with its user-friendly interface and comprehensive trading tools. As a trader looking for reliability and efficiency, Binomo has delivered beyond my expectations. The diverse range of assets, educational resources, and responsive customer support have made my trading journey both enjoyable and profitable. With Binomo, I feel empowered to make informed trading decisions and navigate the financial markets with confidence.
April 3, 2024
It's a great choice for online trading
I like their education system, which has helped me understand trading better. The support service is always on call, which is important for beginners. The stability of the platform and fast verification are big pluses. I recommend it to everyone!
April 3, 2024
Binomo is a good platform for trading
I was particularly impressed by the number of assets and fast withdrawal of funds. The only disadvantage is that sometimes the application slows down, I would like more stable work. But in general, the services are at a high level, especially pleased with the participation in the Financial Commission, which adds credibility.
April 1, 2024
Just delighted with Binamo!
I have been trading here for a year now and the results exceed expectations. Asset quotes are always accurate, and withdrawals are instantaneous. I am very satisfied with the quality of customer service - they respond to queries quickly and professionally. I recommend it to anyone looking for a reliable trading platform!
March 27, 2024
For those looking for reliability
I recently started working with Binomo broker and have already managed to appreciate its reliability and ease of use. I was particularly impressed by the fast withdrawal of funds - sometimes in just 5 minutes, which was a pleasant surprise for me. The registration process is simple, and the design of the platform is concise and practical, without unnecessary elements. Binomo offers high payout percentages on assets, which makes trading here particularly profitable. I should add that two-factor authorisation for account protection is a big plus in terms of security. All in all, Binomo is a great choice for trading and I recommend it to anyone looking for a reliable and profitable broker.
March 18, 2024
I liked Binomo very much
Binomo is perfect for beginners. I started using a year ago and I love trading there after work without any financial goals. I have already made four withdrawals of $1000 each with no problems. I make small deposits and I'm still on the plus side. My bets are minimal so I don't feel much risk or nervousness. It's a great way for me to relax psychologically. I'm not sure about earning money, maybe it would work for someone, but it might make sense to make bigger bets than me. Good luck with your trading!

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