How to use Binomo: the complete tutorial

This post is also available in: Tiếng Việt हिन्दी Hinglish Indonesia

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.

how to use binomo

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

binomo demo

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

binomo 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:

  • Business;
  • Three Days Race;
  • Week;
  • Trophy;
  • 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!

Rating
( 1 assessment, average 5 from 5 )
Fred Smith
Fred Smith / автор статьи
My name is Fred Smith. I graduated from the University College London UCL, and I have been trading on stock markets, binary options, and Forex for more than 10 years.
Please share to your friends:
Perfect Binary Mentor
Comments: 18
  1. Avatar
    Ben

    how to use binomo and how to go through binomo education?

    1. Avatar
      Binomo Official

      Hello, Ben! You can start by visiting our website at binomo.com/en
      There you can find the tutorial video and strategies that you can use to start your own trade.
      Use the demo account to start learning the trading on our platform.
      Star trading with the real account after you deposit some funds and feel ready to trade with the knowledge you’ve learned from the website.

      Best regards.

  2. Avatar
    Edvard

    It’s never taken more than two days for me to get a withdrawal from binomo. And it’s very fast. There are platforms that take 2 weeks or more.

  3. Avatar
    Ronni

    You open a demo account, practice for a week or two or three, well, until you reach consistent profit, and that’s it – go for it:)

  4. Avatar
    Binar

    I spent a lot of time choosing a strategy before I made my first bet with real money, but now binomo brings me a stable income.

  5. Avatar
    Lenard Mills

    It is very nice that there is a lot of training material on the binomo platform, but isn’t really for experienced traders, but for beginners it could be quite useful for familiarizing themselves.

  6. Avatar
    Kolins

    I understand economics a little and how the market works. Therefore, I had no problems with learning how to trade on binomo. A couple of videos and a few instructions and I am already practicing with small bets. The main thing is not to rush.

  7. Avatar
    Milok

    I’m new to the world of trading and I’ve only recently learned what binomo is. I registered on the binomo website and am now studying the training section on the site. I’m trading on a demo account, testing out different strategies. After some practice I will switch to a real account.

  8. Avatar
    Howard Freeman

    The binomo trading terminal is perfect for both beginners and experienced traders. I highly recommend it!

  9. Avatar
    Surim

    What does it mean to play binomo? It is a trading platform, you have to sweat and work hard on it. As you gain experience, you can trade well and have a steady income. I have been trying for two years, it doesn’t always work out, but I’m getting experience.

  10. Avatar
    Mixis

    I advise you to trade for some time on a demo account to practice your strategy. I mean your own one, other people’s strategies should be treated with caution.

  11. Avatar
    Nisser

    I quickly came to grips with the Binomo platform, found all the indicators I needed right away. Besides, I’m grateful to Binomo developers for allowing the Binomo platform to be tested on a demo account.

  12. Avatar
    Akina

    I have three main strategies that I use when trading on Binomo. All the strategies are profitable. I use technical analysis by itself and the volume indicator. I almost never use moving averages, since in my opinion trading with moving averages no longer works in modern trading.

  13. Avatar
    Karel

    Binomo is a rather good school for beginner investors. Here you are able to practice on a demo account with a balance of USD 1 000. I gained tremendous experience and acquired good self-control, without which it is hard to become a good trader.

  14. Avatar
    Marik

    Good capital management is the key to success, not only on binomo but in general in any field where finance is involved, from investing to business.

  15. Avatar
    Kiranes

    They made registration and use of Binomo as simple as possible. Even a beginner in this business will sort it out.

  16. Avatar
    Vinay

    For any even the lowest risk trades, whether it is on binomo or not, the main thing is to observe bankroll management; otherwise, in any case, there is a good chance you’ll lose all your money.

  17. Avatar
    Amaik

    Binomo is an honest company, proven over three years of trading experience. Withdrawals always come on time.

Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: