Binary options broker Binomo takes first place in the ranking. This is quite justified, since customers are provided with excellent conditions. Many traders like the high percentage of profits on transactions, generous bonuses and the opportunity to participate in tournaments with real cash prizes. However, newcomers often fail to make a profit and lose their deposits. The situation can be improved if you learn how to trade on Binomo. This article will provide trading tips that will help you increase your balance.
Completion of training
Beginners are unable to make a profit from options trading because they think they just have to click the Up or Down button. However, digital contracts are far from a casino; here, almost nothing depends on luck. Forecasting skills and an understanding of the market and the principles by which it operates are required.
In order for trading on Binomo to be profitable, you must first undergo training. The broker provides this opportunity to every client. A special section has been created for this, which includes useful materials:
- knowledge base (a kind of glossary that provides an explanation of frequently used terms);
- strategies (description of popular tactics with illustrative examples);
- video tutorials (materials that talk about strategies, platform, etc.).
It is recommended to start by studying the terms and try to remember their definition. This will come in handy later when mastering strategies. At the same time, it is recommended that you familiarize yourself with the platform and its functions in detail. If you have any questions, you can ask them using a special form in the appropriate section.
Practicing skills on a demo account
When thinking about how to trade correctly on Binomo, you should activate the “demo account” option. It is available immediately after registration, $1,000 is credited to the virtual balance. The test terminal is no different from the real one, it contains all the functions, and real quotes are also broadcast.
On a demo account you can practice your skills, apply your knowledge and thoroughly study the site. There is also the opportunity to test strategies and develop your own tactics. The option is provided to each client, access is not limited, and it is not necessary to replenish the deposit.
There is no need to rush to switch to real trading; it is recommended to open demo trades for several months. It is important to look at trading results over the long term. If in 2-3 months you manage to close more than 70% of orders in profit, then you can move on to trading for money. When the number of profitable trades is only 50% or less, it is better not to think about the real site and continue training on the demo.
Trading at minimum rates
If the trading results on the demo account are satisfactory, you can switch to a real terminal. However, you should not give in to euphoria and try to earn several thousand dollars in one day. Experienced traders recommend moving gradually. You should make a minimum investment during the month.
The ideal amount would be $1. This may not suit some beginners, since the average return on options from the broker is 70-75%. Even if you close 10 positive trades per day, your income will be small. However, the losses will be very modest.
After all, the market is unpredictable, even experienced stock speculators lose investments. You need to get used to it, gain experience, and improve your skills. If you manage to close more than 70% of orders with a profit, then you can gradually increase the investment amount.
In order to trade on Binomo and not lose your deposit on the first day or week, you need to remember the rules of money management. Broker analysts recommend investing a maximum of 3% of your balance in the option. With a small amount in the account, the profit will be small, but subsequently it will be possible to increase it, and the investment amount will automatically increase.
Tools and services
The broker's website contains useful services and tools that can help you increase the likelihood of making a profit on the platform. It is worth considering them in more detail to choose the right one and use it.
Economic calendar
Most beginners do not know how to trade profitably on Binomo. However, you can earn income if you use the Economic Calendar. The tool is provided by Investing.com. It contains important economic and political news, their release date and the degree of impact on the market.
To close an option with a profit, you will need to do the following:
- Study the calendar for important events (marked by three heads of bulls) and highlight them.
- On the specified date, you need to open the price chart of the asset that will be affected by the news.
- Wait for the announcement of information.
- See how the market reacted to the news (study the behavior of the price curve on the chart).
- If the price of an asset begins to grow rapidly, you should buy a “Higher” order with an expiration period of 10-15 minutes; if it falls sharply, purchase a “Below” contract for a similar period of validity. When a quote fluctuates sideways, no action is taken.
By following the scheme described above, you can close transactions with a profit. Some traders manage to make good profits thanks to the news. However, it is important events that influence the market, and they are quite rare, so you won’t be able to earn money regularly.
Trading signals
The broker opposes traders using hints to open orders. However, the site has a service from Investing.com that generates signals to buy options. The list mainly contains currency pairs, opposite them there is a recommendation.
You cannot trust the signals 100%, since the tool’s algorithm is imperfect. However, you can use it as confirmation of your own predictions. This is exactly what experienced stock speculators do.
To understand how effective Investing.com signals are, it is recommended to test them on a demo account. You should open trades on them for at least a week and look at the results.
Indicators
5 technical analysis tools are integrated into the platform. They are as follows:
- Alligator;
- Bollinger Brands;
- MACD.
They are easy to apply to your work schedule; the terminal will not freeze. After this, you need to follow their signals and enter the market at a favorable moment. Of course, indicators do not allow you to close 100% of trades in profit, but they increase the number of profitable contracts.
The above tools are included in many strategies, so you can use them to increase your profits. You can verify their effectiveness by testing the oscillators on a demo account.
Analytics
The broker’s website has a section “Analytics. It contains reviews of the market situation and news. The information in the articles is presented in a concise form and in simple language. The section is updated frequently, so it is better to first read the forecasts and then start trading.
In the articles you can find useful information regarding currency pairs. Based on it, it is easy to understand what trend will prevail in the near future and it will be possible to conclude successful transactions on the platform. If you regularly read reports, it will be easier to navigate and avoid mistakes.
“Majority Opinion” indicator
The company did not provide a service for copying transactions of successful traders, but the “Majority Opinion” indicator was integrated into the platform. It also helps to navigate the market and provides useful information for the trader. The tool displays the percentage of open trades in the “Up” and “Down” directions for the selected asset.
However, it is not recommended to use his data as a guide to purchasing a contract. This is due to the fact that any trader can make mistakes, so it is better to take the information into account. Experienced traders simply check their forecasts with it.
Profitable Strategies
To increase the number of closed transactions in profit, you cannot do without using tactics. Descriptions of popular ones are posted on the official website, with screenshots attached. The information is given concisely, so no questions arise. There are many tactics, but the most effective are the following:
- "Three Candles";
- "Alligator";
- "Two Snakes";
- "Waterfall".
Some of them require the use of indicators, for others you just need to study the price curve and look for entry points into the market yourself. To choose the most effective tactics, it is best to test trading systems on a demo account and then analyze the results.
Basic mistakes of newbies
Most often, beginners have no idea how to trade on Binomo. As a result, they make a huge number of mistakes that lead to losses. The most common are the following:
- Guessing. Most novice speculators open trades at random. They do not conduct technical analysis and are not familiar with analytics. This approach leads to account drainage. It may be possible to close some contracts in profit, but sooner or later the money on your balance sheet will come to an end.
- Using the Martingale strategy. To cover losses and stay in the black, traders often use this tactic. However, it gives results if you conduct a thorough market analysis. When a trader is engaged in simple guessing, it will not be possible to generate income in the long run. The account will go into minus and will need to be replenished again.
- Use of robots. Binomo does not encourage the use of bots and advisors on the platform. If a trader is caught doing this, his account will be banned and the trading results will be cancelled. However, despite the ban, beginners still use programs in trading. Often they simply drain the deposit, since the Martingale strategy is implemented into the algorithm of most software.
- Wrong investment. Beginners want to instantly earn large sums. As a result, 50% or more of the balance is invested in one transaction. However, this method most often leads to losses, since the market is unstable and there is no tool or strategy that would give 100% results. The investment amount should be no more than 1-3% of the deposit, then you will be able to earn money.
Conclusion
Every trader can trade on Binomo and earn income; to do this, you just need to register and make a deposit. However, the approach to trading must be correct. You must first study the training materials, master the strategies, and practice your skills on a demo account. After this, you can move on to trading for money, remembering the rules of money management.
Today we will look at how to trade using the 7 Step strategy using the binary options broker Binomo as an example; this broker is very well suited for this strategy. Binomo has a very simple and convenient trading platform, it is possible to use technical figures and indicators directly in the trading terminal, there is a small starting capital threshold, and therefore we will start working with it.
First, we need to open an account with the Binomo broker; to open an account, click the button below.
We went to the site, click on the Registration button, the registration form will open, enter your email address, enter your password (save the password on your computer in a separate file), select the currency in which you will earn money, put a tick, click on the button Real.
When registering, you will receive information about your account at the specified address; there will be a login and password for entering the trading terminal.
LIVE TRADE
In this video you can watch one of my trading days. In this video I show and tell you in detail how I make money every day using the 7 Step strategy.
Refill
The next step is to replenish your account, after opening an account you will be redirected to the page for replenishing your account, or you can go to the section yourself Cashier - Deposit funds.
Now the point that is worth paying attention to is that when you replenish your account, you can receive a bonus in the form of additional money. It is profitable to receive bonuses, so you can trade larger amounts and, accordingly, earn more. Another thing is that in order to withdraw bonus money from the account, you will need to work it off, and you will work it off as you trade on the account, so you can take bonuses, but know that they need to be worked off.
So, we top up the account with 10,000 rubles (less is possible, the minimum amount is 500 rubles). We select a payment method, it is most convenient to pay by credit card, enter the amount 10,000 and see that with the bonus we will get 13,000, press the button Top up.
Fill in all the required fields.
We receive an SMS on your phone with a code to confirm the payment and enter the code in the field, the payment amount will be indicated in euros, do not pay attention to this.
We see that our account balance has become 13,000 rubles.
Let's start earning money
In order to successfully make money on binary options, you need to carry out an analysis, that is, you need to predict which direction the price will go so that we can buy the option in the right direction.
Trading using the 7-step strategy will not be difficult, you will find a full description of the strategy on the page, and now I will briefly tell you how to trade.
Step 1. Configure option parameters. We select the investment amount, first set the minimum amount of 100 rubles, select the time after which the option will close (expiration time) (1) by default the option will close in the next minute. Below we immediately see how much profit we will receive, in this case 185 rubles (2).
On the chart we look at the direction of the trend, for this I drew a channel, it is highlighted blue color, and it is clearly visible that the channel is directed upward and, accordingly, the price will rise (3).
You can also take into account such an indicator as “Majority Opinion”, this tool shows the actions of traders, in this case we see that the majority of traders are inclined to believe that the price will rise and also buy options (4). But still, you shouldn’t trust the crowd 100%, you should have your own head on your shoulders and make your own decisions.
Step 2. Buy an option. After we have decided on the direction of the trend, we wait for the green candle to close, which shows that the price is rising. We click on the green Buy button (5), and our first option is purchased.
In the status bar we see the option parameters (6), when we bought it, at what price, what currency and the time after which the option will close.
Step 3. Make a profit. After the allotted time for the option has expired, the option will close and the profit will be instantly credited to the account. As you can see, in just over a minute we earned 85 rubles, and this is with a minimum transaction amount. When you learn to trade with minimal amounts, you will gradually switch to large amounts, and after a couple of months a rate of 1000 rubles will be the norm for you.
Let's sum it up
Friends, as you can see, there is nothing complicated in trading binary options, nothing complicated at all. You just need to pull yourself together, give yourself time to train to figure out what’s what, and without rushing to trade according to the strategy, be sure to trade according to the strategy.
Trading without a strategy leads to failure. A strategy is a trading plan; without a strategy, or by breaking the rules of the strategy, you will no longer get the result you dream of.
Take your time to open a deal, wait for the right time, confirm the signal in several ways and earn as much money as you need.
Let's repeat the basic steps:
2. Top up your Binomo account with at least 500 rubles, but preferably from 10,000 rubles,
3. Open a deal,
4. We make a profit,
5. Repeat all steps.
That's all, train and gain experience, give yourself time to study at least a couple of weeks, and you yourself will be surprised at your results. Once you learn how to trade on your computer, download the mobile app and trade anytime, anywhere.
Free Tournaments
Another nice thing about the Binomo broker is that every week the broker holds many tournaments for both professionals and beginners in trading. The most popular, of course, is the free tournament on a demo account with real prizes starting from $150 per account.
Free tournaments are a great way to get starting capital for free, go to the tournaments page and see if a new tournament is starting right now - Tournaments.
Ask any questions you have in the comments. Good luck.
Simple strategies do not mean unworkable. And we will prove this with a practical example. This article will discuss a very simple and at the same time the best trading strategy for Binomo. It will require two moving averages and a filter in the form Relative Strength Index.
Both indicators are included as standard on the trading platform Binomo. This is very convenient because you do not need to open a separate window for technical analysis. And when trading turbo options on small time frames, every second matters. If you don't already have a Binomo trading account, go ahead and register. The broker has a convenient demo account for training.
Setting up the Binomo “Crypto IDX” strategy
As an asset of the strategy, you need to use the Crypto IDX cryptocurrency index and accordingly add it to the chart in the terminal.
To recognize the optimal moment to enter the market, you need to add two moving averages and RSI to the chart. List of indicators and settings:
- Moving average No. 1: type - Exponential, period - 6, color - red;
- Moving average No. 2: type - Exponential, period - 20, color - white;
- Relative Strength Index (RSI): period: 10, OverBought and OverSold levels: 50.
Down trading
When a downward movement trend begins to form on the chart, you need to prepare to enter the market. The signal to open a trade is the intersection of the red and white lines, as a result of which the slow moving average goes up. Before buying an option " Down» you should make sure that Relative Strength Index is below 50. If everything matches the requirements, you can open a deal.
The picture above shows an example of a trading signal for a strategy on a chart with an interval of 15 seconds. This is the minimum acceptable timeframe. It is relatively rare to catch a clear signal on it due to too little price inertia. Trends are constantly interrupted, never reaching the “logical conclusion” - the end of the trend according to the rules of technical analysis.
Trade up
You can open a trading operation focused on the growth of the exchange rate, provided that a similar signal comes from two indicators. Lines Moving Average must cross - the red one breaks through the white one and goes up. If RSI is above the neutral level, then you can safely buy the option “ Up».
Important Points on the Best Binomo Strategy
- Expiration dates. The best Binomo strategy involves a fairly long market reaction. Therefore, expiration dates may vary. from 4 to 10 candles from the chart. A trader must learn to independently assess a specific market situation and predict exactly how the price will behave. This skill is acquired with practice.
- Timeframe. It is highly recommended to use a timeframe at least 60 seconds, better - 5 minutes. Trading on short periods requires a lot of experience, because... the overall percentage of signal transmission is noticeably lower.
- Investment amount. Money management comes first in the hierarchy of importance for a trader’s success. The rules state that the maximum amount of money invested in one transaction is 3–5% of available funds on deposit.
- Volatility. When horizontal movement, called “flat,” is active in the market, you should not trade. During these periods, the percentage of “noise” and false signals increases significantly. The greater the distance between the Moving Average lines before the signal, the better.
The picture above clearly shows in what situations you can trade and when it is preferable to abstain. If the distance between the moving averages is relatively small and they almost merged into one line several times, then this is a sign of low volatility.
Example of trading strategy for making money on Binomo
To prove the effectiveness of the considered Binomo trading strategy for beginners, we will make one trade on a real account. So, we will trade on the platform. Select a currency ( CRYPTO IDX great for technical analysis), add indicators, select the investment amount. If successful, almost 80% of the investment will be credited to the account in the form of net profit.
We chose a time frame of 15 seconds, but this is not recommended (minimum 1 minute). A significant disadvantage of second charts is the presence of a large number of noises and false alarms of indicators.
So, all the conditions for entering the market have been met. Therefore, we buy the option “ Down"for 1 minute. In order not to violate the rules of money management, we invested $5 , because the deposit account initially contained slightly less $165.
4 candles appeared on the chart - we made our profit, almost $4. As you can see in the picture, the price is not going down very willingly. The signal was quite weak, but this did not prevent us from making a profit, because... in fact, even one point would be enough for us. The example just discussed is only clear evidence of why it is not recommended to use small time frames.
P.S. Appeared on our website completely for Binomo!
Binomo belongs to the very popular category of binary options brokers among traders, offering to start trading with a relatively small amount of money. One of the important features of the company is the presence of a Russian license (TsROFR), which provides the organization’s clients with peace of mind on the binary market.
The minimum account with Binomo is only $10, and the cost of binary options starts from $1. You can also open a deposit in euros or even Russian rubles, whichever is more convenient for you. You will find a review of the brokerage company with reviews from traders. This time I will talk about effective way to earn money in Binomo, which is difficult to use with most other brokers on the binary market.
What is so special about the Binomo broker? It consists in the ability to purchase binary options starting at $1, which is very useful in the method of earning money that I will talk about in this review.
How to earn money from the Binomo broker
Have you noticed that the price on the market fluctuates all the time? It can “stagnate” practically in place for a long time, or it can begin to grow quickly, and then quickly turn around in the opposite direction. It rarely happens that the market constantly falls without correcting upward, or vice versa, constantly grows without rolling back down, at least for a short time.
This observation allowed speculators to use the martingale system, developed more than 100 years ago, to trade binary options. You can find various assumptions about the circumstances of the appearance of martingale, but one of the most popular is the point of view that this system was first developed for playing roulette.
Now let's move on to the essence of the method of making money on binary options. We can afford to conclude a deal to purchase a binary option, almost at random, but for the sake of decency, we will make it a rule that the contract is purchased against the current trend at the first sign of its reversal:
The illustration above shows that there was an upward trend in the market, after which the price began to fluctuate in a range and “tilt” down. At this point, we can purchase a binary option "below" that meets the following requirements:
- the asset must be highly profitable, for example, EURUSD;
- choose (think about) the execution time in advance, but I recommend that first, in order not to rush and not get confused in the actions, stick to the 3-minute option;
- For earnings in Binomo You should first choose the minimum option value ($1).
The transaction will either bring us money or turn out to be unprofitable, then we will lose the funds spent on purchasing the binary option ($1). In the first case, everything is clear; if the contract made a profit, we will simply wait for the next moment with the trend and the beginning of the correction. On the other hand, what should we do if our operation failed, forget about it and wait for a new signal?
Effective trading in Binomo
We will not simply forget about losses, but will begin to take advantage of even seemingly unsuccessful situations. As soon as the binary option is executed 3 minutes after purchase, taking with it our $1, we will immediately purchase a new contract directed downward (“lower”), with a time until expiration of 3 minutes, but for $2.
Please note that the second binary option is purchased immediately as soon as the previous transaction is closed with losses. We no longer even need to look at the market, because the direction of the contract is determined, it must coincide with the direction of the closed option (in this example, “below”). It is also advisable to choose the same execution time (3 minutes) or a similar one.
For example, bought an option for $1, then for $2, then for $5, which, unlike the previous ones, closed with a profit. Let the profitability be 80%, which means our profit from the transaction is $4 (of which $3 is needed to cover losses = $1+$2).
Don’t forget to calculate in advance what the value of each subsequent option should be so that the profit from it is enough to cover losses and ensure profit. To make such calculations, you will need to know what the return on the asset that you decide to use in your work is (I recommend EURUSD, because it has the highest interest rates).
In some market situations, you can’t get away with three trades, so be prepared that sometimes you may need to purchase 5-6 binary options in a row to successfully close a series. I would also like to warn you about two common mistakes among traders who make money from the Binomo broker in this way:
- do not be greedy, do not inflate the cost of the first transaction, because the price of each subsequent option in the series will depend on it;
- Before you start trading, be sure to review the economic calendar for important news in the near future.
The fact is that the news may cause the emergence of a strong trend, against which it is extremely undesirable to enter the market. So, make sure there is no news, and only then get to work. These rules (about greed and news) will help you trade more consistently and avoid unpleasant series of transactions.
https://binomo.com/ru - official website of the Binomo broker.
Now you know how you can effectively trade in Binomo and earn quite decent money from it. The method is already quite old and proven, so you can rely on it in your trading. I recommend starting with the EURUSD pair, transactions at $1 and with an expiration of 3-5 minutes per contract.
For beginners and ambitious traders, I offer my own options trading system on a professional trading terminal from the Binomo broker. This strategy was developed more than a year ago and during this period of work it brought me a lot of profit.
In my article, I will tell you the rules for trading without a loss and describe all the technical aspects of the Binomo terminal and options trading strategies. The system belongs to the indicator direction of technical analysis, has a high level of signal cyclicity and a maximum efficiency of 92%. Among other things, the system is as clear and easy to understand as possible for non-professional investors and has an accessible technical mode for constructing a working template, which will be a useful and attractive point for novice investors.
Binomo broker platform - why do we need it for trading?
Before looking at the practical rules for using a trading strategy, I’ll tell you a little about the broker with whom I have been successfully cooperating for more than three years and use his terminal to develop testing strategies, as well as to trade with maximum profit. A professional service set for binary trading, as well as the optimal conditions created by the company for trading with a profit, help me earn a plus income on the platform of this operator.
Among the highly professional and most useful technical services in terms of profitability and the advantages of a broker, I include the following:
Highly accurate underlying assets.
A set of graphical tools and a professional selection of technical indicators that allow you to create methods of any complexity and profitability.
Minimum trading conditions – starting capital from 10 dollars, the amount of bets starts from 1 dollar - this allows you to use any rules and ratios of money management for trading without loss, and also allows you to start working with options and get maximum profit with minimal investment.
The return on options is up to 87%, and on stock daily assets up to 90%.
Availability of professional analytics as a recall service for the main technical trading strategy.
Trader sentiment statistics indicator.
A really fast mode for monetizing profits is 24 hours.
With all this, the company meets clients and provides the most favorable trading and technical conditions for profitable trading on its platform. I myself am a striking example of the success of traders of this operator!
REGISTER WITH BROKER BINOMO
My trading strategy that allows me to gain maximum profit on the Binomo platform
So, I have been engaged in systematic trading using this strategy for 14 months. For skeptics, I’ll immediately show you a screenshot of my account to really confirm its effectiveness:
The starting capital for working according to the rules of the strategy was $150. The average capital gain at the initial stage of trading and on the specified account volume was on average 100-150% of earnings plus during an active trading day. Of course, as the volume of operating capital increased, the volume of trading profits also increased. Today, the strategy brings me up to $300 daily, while the trading rate is only 10-15 contracts per .
Let's move on to the technical side of the strategy:
When developing the system, I did not bother looking for any special indicators and did not come up with automatic machines for assessing the market.
A simple experiment with the classic indicators available allowed me to create a system for universal assessment of trading quotes with signal accuracy of up to 92%.
The strategy template includes the following analysis tools with settings that are optimal for assessing the M1 technical timeframe:
- Two exponential moving averages with a frequency of 5 and 10
- Standard with technical scale levels 30 and 70
- Technical, which is used as a filter with a frequency of 20/40/9.
When you install this set of technical tools, the following markup format will appear on the trading chart:
For trade I recommend using currency assets that include EUR and GBP, since these financial instruments have the highest rates of volatility of quotes and make sweeping multidirectional movements, which is best suited for options trading.
Placing bets
Options trading must be carried out when the following system of technical indicators of a set of strategy indicators is formed on the chart of the underlying asset:
Option bets UP:
- The technical moving average of the trend movement on the RSI indicator turned up in the oversold zone or near the level of 30.
- On the trading chart, the moving average lines crossed upward. The MACD technical filter confirms the upward trend reversal trend by crossing the oscillator lines upward.
- We make contacts only when we receive the full combination of signals:
Option rates DOWN:
- The technical moving average of the trend movement on the RSI indicator turned in the overbought zone or near the 70 level downwards.
- On the trading chart, the moving average lines crossed downwards.
- The MACD technical filter confirms the downward trend reversal by crossing the oscillator lines downwards
Through extensive testing and practical use of the strategy in binary trading, I determined the most optimal bet expiration period, which allows for maximum trading performance with this strategy.
The most profitable expiration period is 5-10 minutes. Thanks to this, you can get a high result and increase the dynamics of trading - up to 5-7 contacts with profit per hour, which will immediately affect the growth of your capital.
How to trade on the Binomo platform without losses, only with profit?
When using system signals, be aware of the risks. Despite the 92% efficiency of signals, losses are possible in some market situations!
To reduce the loss rate and get the maximum break-even mode, use the money management rules, which in this strategy have the following indicators:
With an initial capital of $10, there is only one possibility for break-even and safe trading - using bets with a start of $1.
After a dynamic increase in capital, increase the level of trading risks, taking into account efficiency, up to 10% of the working account amount.
Combined with the technical signals of the strategy, money management rules with such indicators allow you to trade options on the Binomo platform almost without losses.
BROKER WEBSITE BINOMO
A complete refutation of the expression “Binomo gets scammed”: