Here's what you need to know about Binomo, website and mobile app for traders
These are the steps to take if you want to learn how to trade 5-second trades on Binomo: Register for a Binomo account and make a deposit. Choose one of the available assets (Crypto IDX or EUR IDX). Put in how much money you want to invest in the trade. The minimum and maximum trade amounts are $1 and $1000, respectively.
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To open a trade, follow these steps: Select an account type. If your goal is to practice trading with virtual funds, choose a demo account. If you're ready to trade with real funds, choose a real account. Select an asset. The percentage next to the asset determines its profitability. The higher the percentage - the higher your profit in.
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Making a Deposit. The first step is funding your account. You'll need to deposit money to get started. Binomo accepts many payment methods, including bank cards, wire transfers, e-wallets like Skrill and Neteller, and cryptocurrencies like Bitcoin. Select your preferred method and deposit at least $10 to begin trading.
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The markets are closed on weekends, but there is still trading activity on Binomo. You will be able to open trades as before. On major holidays, the markets may close early or remain closed for the entire day. But as with weekends, you can trade on Binomo. Overnight Sessions. The markets don't trade continuously 24 hours a day.
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Binomo is a convenient online platform that allows you to invest and trade without having to contact an agent. Its users earn extra income on shifts in currencies and other assets. There are four types of accounts available on the platform: Demo, Standard, Gold, and VIP. Depending on the account type, traders get access to various benefits.
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With Binomo, traders can trade from a mobile app. The platform can be accessed from any location, making it a source of empowerment for trading whenever you wish. The Binomo app with a yellow logo is available for download from Google Play and the App Store.
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Trading psychology Jan 18. How to stand up for your own interests without conflict. 3 min. Business Jan 15. The most important financial institution: Central Bank. More. Binomo Blog is your companion to the world of trading. Daily expert articles, guides and amusing content will help you navigate finance and investments.
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Binomo treats contests as a priority. The company holds a daily free tournament with a fund of $300-600 and paid tournaments with a fund of $1,500 to $75,000 and more. Beginner-friendly: Focus on working with beginners is especially obvious in the first years of the platform's operation.
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Step 5: Enter fewer trades. Last but not the least, you should aim to enter fewer trades. As a beginner trader, you shouldn't be too excited to make trades here and there. Remember, although entering more trades provides you more opportunities to profit, it also heightens your risk of losing money.
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Learn about all the advantages of trading on Binomo: safety, mobility, free tutorials, easy withdrawal and others.
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After training and practice, start trading with real money. How to invest in Binomo is described below. How to trade on Binomo? The platform offers Fixed Time Trades (FTT). To get additional income on them, you need to make a forecast of changes in the price of assets after the expiration of trading time. It can range from 1 to 60 minutes.
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The 2% rule is a simple money management strategy that works exactly how it sounds — you should risk no more than 2% of your account balance on any given trade. For example, if your budget is $200, you would only risk $4 on any one trade. If you're working with a $500 account, the biggest trade you should make is $10.
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The minimum investment for a trade is $1. The maximum - $1000. Or an equivalent amount in your account currency. You can invest any amount in between those figures.. Binomo is not responsible for any direct, indirect or consequential losses, or any other damages resulting from the user's actions on this site.
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How to stand up for your own interests without conflict. 3 min. Business Jan 15. The most important financial institution: Central Bank. Binomo Blog is your companion to the world of trading. Daily expert articles, guides and amusing content will help you navigate finance and investments.
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Binomo Investment Options: What You Can Trade. Binomo offers several types of assets you can invest in. Here are the major options: Currency pairs. Trade currencies like the US dollar, Euro, Pound, and more against each other. For example, you can trade USD/EUR, which is the US dollar vs. Euro. Currency trading is very popular and volatile.
