Binomo is one of the world’s most popular brokers that offers an online trading platform where financial investors can earn additional income. Each new trader at the beginning tries to find for himself the most profitable way to invest in Binomo trade.
For this reason, they decided to offer the simplest and most effective trading strategy, which can provide an investor with getting an additional income and also allow them to answer the question
How to trade on Binomo?
The instrumental forecasting mode that they offer is based on a combination of highly effective indicators of automatic market analysis, available on the company’s terminal, which makes the system accessible to every investor.
This method of engaging on a binomo trade is based on the 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 way of Binomo has a very high efficiency, which will be useful for all trading professionals. Thus, the system is universal for this indicator.
Tools and strategy:
Given that the bulk of traders prefer to work inside trading sessions using short-term refusal , they offer a working strategy that is optimal for classic trading and contracts with minimal expiration. The use of these types of values allows an increased level of trading dynamics and leads to a highly dynamic increase in trading capital. The most profitable deals are contracts with a range of 3 to 10 minutes. The system that they 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 this 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 binomo trade 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, they 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% ( depend on account type).
The following set of indicators of instruments is necessary to use as signals for buying on CALL and for adding in binomo list:
- 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 method 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 method on Binomo
Binomo app review
There’s also Binomo app available.Binomo trade webiste or apk , in principle, has no drawbacks, but still there are a few technical drawbacks. Second is the inefficiency of signals for highly profitable forms of options (turbo). But despite this, the strategy works great on classic binomo trade.
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 they have proposed for us can be an excellent opportunity for working online for binomo trade market investors of any level of knowledge, professional skills and volume of trading capital.