We begin our review of the Binomo broker by telling you how to make money with it. If you think it can be done with strategies, you are absolutely right. But there are other possibilities too. The training offered by Binomo gives you a specific set of tools, with which every trader can accelerate his deposit. Right now we will tell you in detail about how to trade on the Binomo platform, and most importantly – how to win on it.
The Binomo platform: Instructions on how to use it
Before talking about how to make money on Binomo, you need to register on a brokerage platform. It is very easy to do – we enter the login ID and password, choose the currency of the account on the main page and fill out the form. In the official Binomo video, you can easily figure out how to make your first steps on the platform.
Binomo: strategies – how to make money
The platform is intuitive, so there is probably no need for a separate video with Binomo training. The schedule of the asset we have chosen located is in the center. On the right we see panels with which we can bet and earn on Binomo both on minute forecasts and longer ones:
- The panel with a bet amount selection- If the financial forecast is correct, the broker will charge up to 90% of the money on top of it. For example, each person who wins 1000 rubles will have 1900 rubles.
- Expiration time – i.e. after how many seconds, minutes or hours we expect the price to rise or fall (chosen to a specific time – for example, before 21:30).
- Finally, green and red buttons mean our choice: raise or lower.
What are the advantages of the Binomo platform, and what tips should we give to beginners?
Should they register with this broker? It is up to you and only you to make a decision. Note the objective advantages of the site:
- The schedule is located on a large, convenient scale. It seems that this is a trifle, but you can see for yourself that the ease of perception of the picture plays an important role.
- Right on this graph, you can get the opportunity from Binomo to both win and study the market. The point is that you can earn from Binomo using such tools as technical indicators. You take them and put them directly on the chart – easy and convenient.
- Along with indicators, you can use various lines, surebet, Fibonacci levels and other tools of the Binomo strategy.
- The number of assets available to choose by a trader is over 80. It means that any strategy can be profitable in Binomo. After all, if you do not see an entry even on 30-40 assets, you have at least the same number of instruments on which you can analyze the situation and enter the market accurately.
- You can choose any time from 1 minute to 24 hours. In fact, the Binomo platform is suitable for all traders – with long strategies or short logins for one or more minutes. Of course, the Binomo broker usually advises beginners to do the following: First, you need to test your strategy, and then take the risk with real money. So take your time – everything should be done sensibly.
With a platform like Binomo, every trader can win. Even if the strategy is designed for 1 minute, the terminal will not fail, because it is updated for 1.7 milliseconds. It means that the incoming information will be updated several hundred times in a second! Thanks to this, incoming quotes (price values) are extremely accurate.
Strategies of income making at Binomo
Of course,the task of trading on Binomo should start with a strategy. Even if you don’t risk going out with real money yet, you can test any trading system on a virtual demo account and not invest a penny in the first step.
Training for Binomo is available on video . Besides, many strategies can be found online too. Let’s take for example the easiest one, which you can understand and apply today. We go to the platform and set only 3 indicators:
- Two exponential moving averages – select periods 5 and 10.
- Normal RSI (do not change settings).
- MACD indicator with settings 20/40/9.
This Binomo trading strategy will suit beginners the most.Even on the screen, it looks very simple.
Binomo: Strategies – how to make money
Traders recommend choosing any currency pair for trading, where there is EUR or GBP. Easiest entry rules.
- RSI crosses level 30 from bottom to top;
- the moving averages have crossed and are moving upwards;
- the MACD lines are directed upwards.
- RSI crosses level 70 from top to bottom;
- the moving averages have crossed and are moving down;
- the MACD lines are headed down.
As already mentioned, for beginners, this trading strategy from Binomo is optimal: simple, clear and without unnecessary indicators. You can also rely on Binomo signals to make sure that you enter the market correctly. But still, they will not replace the strategy, because a beginner should learn to see the market with his own eyes.
How to make money in Binomo without investments
You may not believe it, but it is possible. It’s better to see for yourself – especially since it can be done completely free. Many of the training videos on Binomo tell you that the broker provides the opportunity to open a demo account. It is opened in the same way as a real one, only the money is added by the broker.
It is clear that you cannot withdraw them – they are virtual. But you can surely check any strategy without risking anything. And every trader also gets a real chance to trade or even earn money without any initial investment. Every week the company holds a special tournament for beginners with a virtual deposit.
20 lucky ones get real $150 on their account. With that amount, you can play on Binomo – i.e. use the money as if you put them on your account. Well, then you are already cashing the funds or continue to disperse the deposit to earn more . It is already at your discretion.
Although the tournament is called a weekly one, it is often held 2 or even 3 times a week. So all you have to do as a newcomer is register on the website and regularly wait for the appropriate signal for the start of the tournament on Binomo.
It turns out that you have all the opportunities to master strategies of earning on Binomo and other methods of increasing your deposit. It is interesting that with a broker like Binomo, you can make money without investing. That is why this company is one of the most attractive ones in the Russian binary options market.