Have you ever wondered why you wake up at dawn to go to your least favorite job? Do you live paycheck to paycheck every month and are always in debt?
Today there is a unique opportunity to make money trading binary options , without being tied to a place of work and without a strict schedule. You can become a wealthy person without wasting your time doing hard work.
Options advertising suggests that you don’t need a lot of money or specialized knowledge start trading It is enough to invest a small amount and you can start earning banknotes with many zeros.
However, in reality everything is not so simple. You may have seen statistics that show that 9 out of 10 traders quickly lose their deposit. And this is the real truth. And everything is connected with the fact that many new users hope to get rich quickly without special training and knowledge.
But this does not happen, especially since binary options trading requires knowledge, hard work and intuition. And if a beginner tries to become a real trader after a couple of days of trading on a demo account , he will most likely get the opposite result.
Therefore, below we will tell you how to make money on Binomo safely and most profitably. What strategies to apply at the start of your work.
Earning money in Binomo: the essence of the platform
The platform was updated in 2015, then the company’s specialists constantly check the functionality of the site and make certain adjustments from time to time. It should be noted that according to investor reviews, the terminal works without freezes and lags; it is rare to encounter small delays, if you believe the comments of investors.
Regarding the design and format, everything here is simple and convenient. There are no unnecessary elements that could distract investors; everything is in its place.
How to make money on Binomo? Initially, you need to register to gain access to the site. The company's specialists have specially developed step-by-step instructions for their clients, which introduce new users to the tools on the terminal.
Regarding the advantages of the Binomo platform, the following points should be noted:
- The presence of classic built-in indicators, which are most often used in the trading process. These are the Relative Strength Index, Bollinger Bands, MA, Alligator, etc.
- Graphical construction tools are also presented, these are support and resistance bands, Fibo levels.
- Expiration from 5 seconds to 30 days.
- A wide range of assets from currency pairs to indices.
- Several types of charts are available: mountain, bars, candle, lines.
Binomo for Russia
All company benefits and trading conveniences became unavailable to residents of the Russian Federation on September 9, 2022. From this moment on, the registration process for residents of the Russian Federation was stopped, as well as any actions of the company in terms of providing trading services for options or other types of assets. This happened after the adoption of amendments to the law of the Russian Federation on the provision of brokerage, dealer and bookmaker services. Brokerage companies were required to certify the software used to conduct trading operations and interact with clients. As a result, the Binomo broker ceased its activities in Russia, which it warned its clients about in advance. Users received messages about the mandatory withdrawal of all funds from their accounts.
At the same time, VIP clients could remain on the site without withdrawing funds. However, it was not reported how to log into your personal account. The service has stopped for all other users, and the registration process has been stopped for new clients.
Bypass blocking
Many companies that were banned began to use mirror sites to allow users from a banned country to log in. Binomo did not go this route. This speaks of the honesty of the administration and management of the company. But you can log into your existing VIP account or register now. A VPN is required for this.
Using VPN services
VPN services are required to bypass IP blocking. Internet providers in all countries have their own IP address. The VPN service replaces this address with one that is allowed. For example, when entering a website from Russia, the provider determines the user’s geolocation by IP. If the user uses a VPN, the provider will identify the logged in user as a user from another country that is not subject to restrictions. A resident of Russia can be considered to have entered, for example, from Nepal.
How to make money on Binomo using tournaments
It’s possible to do this with Binomo. Since the company is known for constantly new tournaments and competitions that offer clients good amounts of reward for good results.
The investor’s task is to familiarize himself with the list of current competitions and choose the most optimal one for himself. Remember that there are paid and free tournaments. Accordingly, in paid competitions the prize at stake is much greater, so if you are not a beginner and confident in your own abilities, then pay attention to such competitions.
Each client can take part in the tournament they like, the main thing to remember is that they have their own rules. Study the footnotes in the conditions in detail so that you do not encounter account blocking.
Why Binomo
This platform for trading binary options is a modern way to earn money for new and experienced traders. It is here that the interface is convenient and understandable, and educational literature and preparatory materials are available. Technical support quickly responds to any user questions. Binomo is deservedly considered one of the perfect services in the Russian-language segment.
- The company was founded in 2014 and has a license from the Center for Financial Markets
- Different types of accounts for trading (4 types)
- Minimum contribution to start. Deposit from 10$, transaction from 1$
- High percentage of profit from 85 - 90% per transaction.
- Over 100 assets to choose from
- Different payment systems
- Advanced terminal for PC and mobile applications
- Regular tournaments and big bonuses for traders
- Fast withdrawal of funds - up to 4 hours
The Binomo company has many advantages that can be listed for a very long time. It is a universal platform that can be used by new and experienced traders. But it is very important to use effective trading strategies. You will learn about this further in our article.
How to make money on binomo without investment
How to make money on Binomo without investment? This question is very relevant for any investor. And this is where tournaments come to the rescue. Please note that the company holds tournaments all the time, but they are divided into paid and free. If you are interested in the method without investing, then you need to wait for the competition on a demo account. Yes, this is indeed an opportunity for any beginner to earn money for their first steps on a real terminal.
But here you need to understand that the competition will be very strong, and you will have to show good results in order to count on a reward. Therefore, it is recommended to initially work on a demo account, gain experience and knowledge, and only then register for the tournament on a training deposit.
How to make money on Binomo without investing personal funds? You can do this using a no deposit bonus. Yes, this is a rare bonus, but it happens that the company provides it. It is important to understand here that any bonus requires working out, and you need to be prepared for the fact that the working conditions are very complex and not always feasible for beginners. Therefore, it is important to weigh the pros and cons of bonuses, and whether you are ready to work them off.
Regarding the working conditions, be sure to contact the company manager; he will describe in detail all the nuances regarding trade turnover and other issues.
What is Binomo?
The Binomo company has been operating as a service provider in the binary options market since 2014. The broker is licensed by the Russian regulator TsROFR - this confirms its focus on the domestic market and the Russian-speaking audience of traders in the long term. The certificate of this organization guarantees safe cooperation and the reputation of a reliable broker. It also confirms the fact that the company operates legally.
The brand has received awards internationally. In 2015, at the Forex Expo Awards, Binomo was awarded the title of best among brokers for beginners, and in 2016, it received an award at the IAIR Awards as “Broker of the Year”. Forbes magazine mentioned the company more than once on its pages and spoke positively about its trading conditions, platform and training opportunities.
Binomo has an excellent reputation among users of binary options platforms. The broker is popular with beginners and professional traders. Many users note the ease of earning income. Binomo's trading conditions are truly one of the best.
Trading strategies on the Binomo platform
How to win on Binomo? Use proven, reliable tactics that can provide you with stable income, and therefore accurate signals for entering the market. On the broker's website, the company's specialists have developed systems that can be viewed through the terminal.
Please note that the tactics are divided into difficulty levels, making it easier to find depending on your skill level.
Tools of the trade
Regarding trading tools, here on the site there are all the basic indicators that are most often used by traders in practice. If the system requires the use of such and such more proprietary indicators, you can always analyze the market on MT4 and then complete transactions on the broker’s terminal.
As for the built-in tools on the terminal, here you can open the indicator through the pad, after which the following window will open in front of you:
As you can see, there is a brief description of what this tool is, then its parameters. If necessary, the investor can make changes to the already standard settings.
Advantages and disadvantages of the strategy
So, what are the advantages of the tactics described by broker specialists? Initially, it should be noted that they are all well described. Moreover, the screenshots indicate what and why you need to click to set up the terminal for trading.
The next plus is the presence of division into levels. Here each trader can choose the most optimal option for himself.
As for the downsides, most often the systems presented by the broker are something classic, so if you want to work with newer, fresh tactics, you will have to find the algorithms yourself on the Internet.
Bonuses
When replenishing your trading account, the broker offers to take a bonus. It can reach 90% of the deposit amount. The higher the deposit amount, the larger the broker’s gift. But no bonuses are offered for deposits up to $30. The user can increase the amount on the trading account balance only on the trading platform.
Binomo often runs promotions, thanks to which you can get up to 100% bonuses even with a small deposit. You should monitor the broker’s offers, then you can quickly increase your capital.
Important! Any bonus must be worked out. The donated amount cannot be withdrawn immediately after being deposited into the trading account. It is necessary to make a trading turnover, which is equal to the bonus multiplied by 40 or 35.
Detailed conditions for working out, how Binomo works and what it is, can be found out from your personal manager or on the official website. If a gift is offered during a promotional period, you should first read its terms and conditions, then agree to receive a bonus incentive.
Binomo does not impose bonuses on traders. Even after agreeing to credit the gift, you can refuse it. The bonus will be written off automatically if the trader has not made any transactions on the real trading platform after activating the gift.
How to reduce losses and increase profits?
How to earn Binomo, while reducing losses and increasing profits? It is a matter of discipline in the trading process. Here we must not forget about such rules as risk management, because it is he who can teach an investor to control his own funds in the trading process.
It is only important to adhere to the rules constantly, and not to use them once; in this case, you should not count on a stable result.
Hedging transactions has also not been canceled, but for this it is necessary to delve into the issue in detail and understand the essence of this process. The task of any beginner is to learn the features and rules of using hedging operations, which will allow him to competently manage capital.
You should also not forget about testing all tactics and indicators on a demo account. This allows you to reduce the risk of encountering force majeure situations.
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.
Features of withdrawing funds from Binomo
As for the withdrawal methods, here they are identical to those presented for replenishment. Remember that you can withdraw funds using the same method that was used to replenish.
Please note that VIP account users receive privileges, namely, their funds are withdrawn within 3 hours; for ordinary traders, withdrawal will take up to 1-3 days, depending on the chosen option.
In general, the classic options are presented: a bank card, electronic payment systems, there is even a top-up in cryptocurrency.
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.
