Binomo binary market broker today has the largest client base compared to its closest competitors, which is growing every day. Each new trader at the beginning tries to find for himself, the most profitable way to play Binomo binary options.
For this reason, we decided to offer the simplest and most effective trading strategy, which can provide an investor with acceptable growth of capital, and also allow us to answer the question – Which way to choose for playing on Binomo?
The instrumental forecasting mode that we offer is based on a simple combination of highly effective indicators of automatic market analysis, available on the company’s terminal, which makes the system accessible to every investor.
The term “play” is used by us in a figurative sense of the word, because if a trader treats work on a currency market only as a “game”, he is doomed to lose his capital!
The easiest way to play on Binomo
This method of playing on a binary market is based on the simple principle of automatic analysing trading quotes, therefore it will be understandable and available for work to any non-professional trader.
But at the same time, this simple way to play Binomo has a very high efficiency, which will be useful for all trading professionals. Thus, the system is universal for this indicator.
Tools of game strategy
Given that the bulk of traders prefer to work inside trading sessions using short-term options, we offer a working strategy that is optimal for classic trading and contracts with minimal expiration.
The use of these types of rates allows an increased level of trading dynamics and leads to a highly dynamic increase in trading capital. The most successful deals are contracts with a range of 3 to 10 minutes. The system that we offer as the most profitable method of trading is based on the combined use of such a list of analytical tools:
Indicator of the Bollinger wave
This technical tool is fundamental in strategy. The basis of his work is a combination of different period moving averages, which, thanks to well-developed settings, are able to determine the dynamic channel of asset value fluctuations and average price indicators in a certain market period. Thus, Bollinger is able to generate entry points in areas of short-term quotation reversals, as well as at the time of emergence of new trends.
A tool for determining the relative strength of a trend, it provides the widest range of indicators necessary for an investor to work. RSI determines trend direction, its strength relative to a previous period, as well as areas of market extremes in which price reverses quotes. In this way, RSI can be effectively used as an aid in determining general trends and filtering false signals.
The last element making up the strategy is used as a second signal filter, which is necessary to increase efficiency of the forecast system. The fact is that MACD reacts very accurately and as correctly as possible to short-term changes in a direction of building quotes, which can be used as a confirmation indicator for a signal.
Optimal Trading Assets
Universality of reception of a binary market allows it to be used as a tool for generating forecasts on any financial asset. However, to increase effectiveness of trading and obtain more dynamic indicators, we recommend using the most volatile of them.
This includes pairs of major world currencies, as well as gold, which shows maximum fluctuations in value during a trading day. In addition to the technical attractiveness of these assets, investors have the opportunity to receive maximum payments on contracts from 65 to 90%.
The following set of indicators of instruments is necessary to use as signals for buying on CALL:
- Quotes touched the lower boundary of the channel formed by the Bollinger Waves;
- RSI moving indicates an uptrend;
- Filtering MACD indicates a reversal of quotes – the oscillator lines crossed on a top.
- Example of buying Call options on Binomo
For PUT deals, the instrumental strategy forms the inverse format of technical signals:
- Quotes touched the upper boundary of the channel formed by the Bollinger Waves;
- RSI moving indicates a downtrend;
- MACD indicates a reversal of quotes – the oscillator lines crossed down below.
- Example of buying Put options on Binomo
Profitable way to play on Binomo binary options, in principle, has no drawbacks, but still there are a few technical drawbacks. The first is the inability to work at the time of release of important financial news, and the second is the inefficiency of signals for highly profitable forms of options (turbo). But despite this, the strategy works great on classic binary options.
In the main advantages and positive aspects of the strategy, it is possible to include its simplicity, high efficiency and productivity of signals, versatility of the analytical tools and the statistics of profitable options.
To summarize: An example of a simple and effective strategy that we have proposed for you can be an excellent option for working online for binary market investors of any level of knowledge, professional skills and volume of trading capital.