The terminal for trading Binomo is one of the most popular platforms for earnings extra income on the Internet. The platform is suitable not only for professional traders but also for beginners in this field. But how to use Binomo to get real additional income in India? What you need to know and consider? We will talk about the most important points of trading, tutorials and trading strategies in this review.
What is Binomo trading and why you should try it
Before moving on to trading assets, you should understand why it is recommended to choose a website https://binomo.com/. Some of the main features and advantages of this platform, as per actual customer reviews are:
- the presence of an demo account for practice;
- the most accurate market quotes of assets;
- various deposit and withdrawal options (bank card or e-wallet);
- permanent promotions and bonuses;
- regular tournaments for a fee and without investment.
Note! Some traders ask: “How to play Binomo?”. But Binomo is not a game, it is an online trading platform that requires knowledge and strategies to get a profit.
Also, Binomo customers can receive training for free. Each trader is offered several tutorials and FAQs on Hindi that describe the most profitable strategies and ways to earn extra income on Binomo. Another advantage of the system is high profitability. This indicator reaches 85% for Standard account, 90% for Gold/VIP account.
Among other features and advantages of the site, it is worth noting there are the most complete set of tools for a comfortable trade. After registration, each trader will have access to a professional selection of technical indicators. Thanks to this, the user can apply a variety of methods and strategies in the trade.
Another advantage of Binomo is the organization of tournaments. The site regularly hosts competitions among participants, including the owners of demo accounts. It is noteworthy that without real investment, these traders can practice trading and get a real profit.
Binomo has minimum trading conditions. To start the trade, indian users need only 5 dollars for deposit. At the same time, the minimum trade amount is only 1 dollar. Also, the company’s website has all the professional analytics, which favourably distinguishes this service from other trading platforms.
Note! To trade on Binomo, you need to go through a simple registration procedure. You can also log into your account via Google or Facebook.
How to use Binomo correctly?
Most newcomers who come to Binomo hope to catch a sudden profit. Many of them act randomly. But what is the correct way to earn extra income on Binomo?
Compliance with the trading rules
So, to earn extra income on Binomo, a user registered on the official website will need to follow a few rules. First, you need to learn how to trade without emotion. Don’t despair after losing part of your deposit and don’t mindlessly increase the amount of the contract, but learn to apply strategies and have correct forecasts. You need experience to trade!
Note! If there are losses, it is better to simply stop trading and carefully analyze your activities.
The second important trading rule is a competent investment. At least initially, it is recommended to give a maximum of 3% of the total balance on the deposit account, but it is optimal to stay at 1%. This will allow those traders who came to this area without special knowledge and skills to gain insight into the process. Of course, this approach will not allow you to get a lot of profit. But this technique will ensure the safety of a good portion of the balance of the trader.
It is equally important to determine the correct level of maximum losses and income. At the same time, one should not forget: the drawdown of capital in this area is natural, since the market is in a chaotic state, and it is impossible to predict anything with certainty. But to manage their accounts, the pros recommend fixing the level of maximum profit and the size of the largest losses, i.e. all at max.
Another trading rule is to limit the number of transactions. For funds to remain on the balance sheet, it’s worthwhile to determine in advance the amount of opening contracts on a given day. Even with a loss-making approach, it is forbidden to exceed the specified limit. Even though all these rules are quite simple, it is quite difficult for novice Binomo traders to follow them, especially when emotions come into trade.
Note! For mobile trading, download the Binomo app for iOS and Android. Also for Android users, Binomo apk is available, which can be downloaded from the link: https://binomo.com/in/promo/android.
Earning extra income without investment
Many users from India who appeared on the Binomo app or website are interested in earning extra income without real investments. In this review, we will explain how this can be done.
The one way is to increase your Binomo account without depositing by participating in tournaments on a demo account. However, it should be borne in mind that a lot of users take part in such competitions. But you don’t have to worry too much about this if you have managed to study the terminal of the trading platform and learned to forecast correctly. The fact is that in such competitions, as a rule, users who take part focus on simple entertainment. When participating in a tournament, they do not use certain strategies and rules but act at random.
Another varios for getting additional income on Binomo without investments is to receive a no deposit bonus. Usually, no deposit bonuses are provided as part of the company’s promotions (free). It is also important to understand: all bonuses on Binomo require working out. You will need to complete a certain amount of trading turnover, which should exceed the amount of the bonus by 35-40 times.
Earning extra income in tournaments
A good opportunity to use Binomo for additional income is to participate in tournaments that are held on the site regularly. On the official website https://binomo.com/, each user can find the current list of current tournaments. From the entire list, you will need to choose the appropriate option.
Note! On Binomo, you can simultaneously participate in several tournaments.
There are several types of contests on this platform, but they are all divided into paid and free. Accordingly, the size of the possible earning extra income depends on this criterion in many respects. If you have just entered the trading, it is recommended that you stop at the competition without any investments – Daily Free. Professionals can try their hand in paid tournaments:
- Three Days Race;
- Victory (only for Gold and VIP account);
- Fortnight, etc.
Daily Free is intended for those who master demo accounts.There are quite simple conditions – you will need to open transactions on a tournament account. The total fund of the competition is $300 which it shares among the best participants. At the same time, the capital is real, and they can be put to trade on the website or withdrawn to your account (the minimum withdrawal amount is $10).
Having decided to take part in the competition, it is important to understand that each particular tournament has its rules. Therefore, it is necessary to carefully study all the footnotes that are in the conditions. If the rules are not followed, there is a high probability of encountering an account block scenario on Binomo.
Here are just a few ways to use Binomo to get additional income, certain knowledge and trading skills. But remember that online trading is always a risk. You may lose some or all of your deposit. Therefore, study on Binomo, practice on a demo account, learn strategies and gain experience in tournaments to trade and earn extra income!