Among the varieties of an online trading platform, one of the best, modern, and most popular is Binomo. But how does this platform work? How can traders make a profit on this platform? Is this platform realistic in principle? Also, can investors trust this online trading platform?
Don’t worry; we’ve got your back! In this article, we’ll be sharing with you the proven methods on how to earn on Binomo. So, let’s get started.
Features and advantages of using Binomo
Among the unique features of the Binomo trading platform is its reliability. Yes, this platform is reliable and secure as it has the Financial Commission license. Due to its strict adherence to the Financial Commission.
Additionally, Binomo platform also features an author-developed platform. This makes working on the trading platform more convenient. As the author developer helps to rectify and update any mistake made on the website initially.
Say the site was initially equipped with a standard set of tools that’s far from the most convenient one, it’ll fix it all. Not surprising why investors across the globe remain on Binomo and still invite their friends to join the platform and try out the terminal.
- Availability on Mobiles App
Consequently, projects performed on Binomo trading centre are also available on Binomo app. Like PC for mobile application for Windows and smartphones.
- Diverse Investment Capital
Again, many investors love trading on the Binomo trading platform not only because of their reliability but also because of their diverse investment capital. On this platform, traders can start a business with as low as $5 for a standard account. Or up to $500 for a Gold account and $1000 for the VIPs.
In short, the trading unit on the Binomo starts from $1. And traders are privileged to make a deposit using their local currencies. Other than using Dollar or Euro.
Also, payment can be made using Cryptocurrencies, ICO and other legitimate online financial assets.
Other advantages of using Binomo trading platform
Binomo online trading platform is transparent in their trade as they provide necessary tools to make trading run successfully.
They also have the most popular assets in different time frames.
Again, Binomo also has an economic calendar.
Investors can also spot functions and signals whose accuracy reaches 70% on Binomo website.
Binomo also compiles detailed and extremely convenient graphics to their traders.
Trade Features on Binomo
- To successfully trade on Binomo, traders must be familiar and understand how the platform operates. Although this trading platform has two available contracts which are managed according to standard higher/lower. They’re however available as contracts either as a classic or turbo for customers.
- There are also several types of charts on the Binomo site. One of which is the most popular Japanese candle that again has only 4 types.
- Again, the Binomo platform also supports the imposition of additional indicators including: MA, RSI, Bollinger Bands, MACD, and Alligator.
- To round it up, the Binomo system also supports the application of support/resistance levels. Here, traders don’t just make a deal. Instead, they’re provided with a complete set of tools to analyze in advance the decisions of other Binomo clients.
Ways to invest and earn profit on Binomo
In this section, you’ll learn the ways of adding more income using Binomo site. Check below on how to do that.
- Martingale System
Since the price of trade on Binomo is not always stable, there’s a need to use the Martingale system. If you want to run a successful trade and earn more profit.
Of course, you have to use the Martingale system (although its exact history remains a secret). Because ever since it was invented over a century back, many investors have been using it successfully to maximize their profit on online trading.
What you only need is to purchase a contract against the current trend. i.e when the price of a contract begins to “stomp”, it’s advisable you purchase a Lower option. And vice-versa.
However, other requirements necessary to consider before trading on Binomo includes:
- Stop for like 2-3 minutes on the chosen option to avoid confusion in the actions.
- Choose a highly-profitable asset.
- Start first choosing the lowest contract value.
Broadly speaking, trading on the Binomo platform doesn’t require or requires little knowledge because the platform is quite simple to operate.
However, if a trader experiences a loss on the trade, he shouldn’t feel guilty or get upset. Instead, he should prepare himself, buy a new contract and re-invest after 3 minutes of the previous bad option. This should be from the Lower category.
Again, it’s recommended to buy an option that is worth $2 with an expiration time of 3 minutes this time around. This will keep you on the saver side.
Also, have it in mind that you may need to complete several transactions in a row. This will keep you waiting until the market enters the correction. But in the end, your transaction will be closed with profit.
Earnings in tournaments
Another way of generating income on the Binomo platform is via tournaments. These are held regularly and investors have the opportunity of using either the paid or free options.
Irrespective of their chosen options, before an investor can earn through this means, he has to register first. After which he’ll be eligible to participate in the matches.
However, at the end of the matches, the most active traders will get attractive prizes. If applied through the paid option. Basically, payment will be made based on the currency the winner used to invest.
NB: On the Binomo platform, if you’re a beginner, you’re advised to choose free tournaments as the paid option is not always easy. This makes it an option of choice and often recommended for the professionals.
Steps on how to register and participate on tournament held in Binomo
- Registration for the tournament on Binomo is very simple. Follow these steps to join.
- Log in to the official website and choose the competition option. Be reminded that you can participate in several competitions at the same time.
- Have it in mind that all participants in the competition will be given a certain amount of money at the appointed time. And the size for each client is the same.
- The next thing is to trade on the Binomo according to the trading strategy and all the established rules. It is recommended that you follow a specific pre-selected or familiar strategy. If you do anything contrary, all your input effort will be wasted and the chance of your success becomes slim.
Tournament frequently asked questions
Could this be a lie? Many novice traders say they managed to rise through tournaments on Binomo.
It’s not a lie. It’s real. This happens because each trader who managed to win always talks about the fact that in free tournaments there are very few really strong opponents. So in such matches, a lot of freeloaders and other users just take part to have fun.
And many of them used to trade at random which in turn will lead to many errors. Because only 10-15% of the tournament participants always follow the rules that allow winning. However, others will rely on a freebie and act at random in the hope of receiving at least a one-time prize as passive income on the network.
Is it easy to per take on the Binomo tournament option?
It’s very convenient and comfortable to take on the Binomo tournament.
How much can I use to invest in a tournament?
The price of investing in a tournament on Binomo is fixed and users can choose their financial choice based on their financial capacity and risk they’re ready to take.
Other several available tournament options on the Binomo are:
Mark investment, Daily Free, week.