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Binomo Wiki | India | App | Review | Deposit | Legal | Scam | Safe | Real | Sign Up & more: Hello, Folks… In this article, I’m going to talk about one of the most famous Trading options i.e Binomo.
So, If you’re planning to trade via Binomo or have any questions regarding Binomo app then this article is surely for you.
So, Keep reading ahead Binomo Wiki | India | App | Review | Withdrawal | Deposit | Legal | Scam | Safe | Real & more.
If you are a regular Internet user you must have seen somewhere Binomo ad where they illustrate tons of instant money in your bank account (see below).
I hope you must have seen this ad at least once but the real question arises can you really make such quick money in Binomo?
Don’t worry I’m going to cover each and everything in this article…So keep reading ahead.
What is Binomo?
This is one of the most common questions that I have been asked is What is Binomo or Binomo Kya Hai?
Binomo is an Online Trading Platform that allows us to BUY or SELL currency, commodities & more.
The platform is an EU registered company in Russia they are providing their Trading Brokerage services since 2014.
The company was established by the managing company Stagord Resources Ltd registered in Nicosia, Cyprus.
It is a Binary trading options company, which is now one of the simplest and cheapest modes of earning money online.
The Broker is approved with the Financial Commission that confirms the Binomo is completely safe.
Image Source: Financial Commission.
How Binomo Works?
Now, coming to How To Binomo Works or Binomo Kaise use kare?
You can easily trade-in Binomo by predicting the market status you just have to predict whether the market will go UP or DOWN.
As you can see above I have selected Crypto IDX stock – now what I have to do is predict whether the market will go UP or DOWN.
If my prediction is correct I will earn capital invested + interest rate if lose you will lose your invested money.
For Example, I chose an asset Crypto IDX which gives a return of 80%.
Now, according to my analysis, Crypto IDX will be at an uptrend. So, I invested my $10 in Crypto IDX by clicking UP.
After, 10 min your broker will see whether the forecast is correct or not.
If it is correct you will earn the invested amount ($10) + ($8) = $18.
Don’t worry I’ll teach my winning strategy in this article so better bookmark this article for later uses.
Binomo Sign Up
Okay, Firstly without any single thought just go and signup with Binomo right now (please don’t think so much it’s absolutely Free to open no credit or debit card is required).
When you will click on the link you’ll land to the Homepage of Binomo. Firstly Click on it for Free.
Now, Fill in your necessary details like email, password and more. (You can also fill the necessary details below)
You can Sign up here even…try
After filling the details you will be asked to select your account.
If you have zero trading experience I Highly suggest you to go for a demo account first.
Trust me if you try trading without prior experience most probably you’ll end up losing all your money.
So, after the basic setup, you will land to Binomo Dashboard.
As you’ll land to the demo account you can start practising trades.
As you can see above I have received Rs. 65, 000 in my demo account now before you go and lose all your precious money in demo account I highly suggest you learn trading first.
Binomo Tricks: Binomo Winning Strategy
So, In this section, I will teach you Binomo Strategy. I bet no one will ever teach you this easy trick.
Firstly, turn your Chart to Candlestick.
Here, I assume that you at least know the basics of Candlestick, If you don’t know click here
Step 1: Log in to your Binomo account. If you don’t have one click here. and you will land to your Binomo Dashboard
Step 2: Click on Indicator, and select RSI
Step 3: Now, Click on RSI for Three times.
Once you are done you will see your Binomo dashboard like given below.
Now, click on the Settings icon and change the colour to Yellow, Blue, & Green and change the time frame to 7, 14, & 21. see below.
Also, Change the Overbought level to 70 and Oversold to 30.
That’s it!!! the basic setup is over.
Triple RSI: How to use it?
Now, the trick I am going to share with you is called Triple RSI Trick.
To be Honest, RSI or Relative Strenght Index is my favourite indicator and alone it does gives a great result. However, If you combine it RSI becomes super powerful.
Now, coming to How to use Triple RSI, well it’s damn very easy.
If all the three lines give an overbought signal i.e if the line is above 70 go for SELL Trade.
Similarly, If all the three lines give an oversold signal i.e if the line is below 30 go for BUY Trade. It’s that easy.
Now, You must be wondering what about 50 right?
Well, 50 is the most important as per the golden rule of RSI.
If Line is coming from 70 and crosses 50 go for SELL Trade in a short time frames like 1 min or 3 mins since the market is very near to Oversold level and can soon change the trend.
Similarly, If the line is coming from 30 and crosses 50 go for BUY Trade in a short time frames like 1 min or 3 mins since the market is very near to Overbought level and can soon change the trend.
Look at the chart above. Now, as we can see all the three lines are coming from line 30 However, didn’t cross the line 50 yet.
So, here, my our price action will be a short time frame within 5 min BUY Trade or you can wait till it crosses 50 to gain more clarity.
That’s it!!! I hope this will help you. In case you have any doubts please comment below.
Now you must be wondering where do I start?
Simple, click on strategies there you will be provided with several lessons.
Now what I want you to do is complete all those lessons and then try trading.
The best place to learn to trade according to me are youtube, udemy, you can even try skillshare for two months for free.
Now I know, there are tons of questions which must be running in your mind like Is it legit?, Is it Safe or not? don’t worry I’ll everything in this article.
Once you have gained confidence in trading you can now go and add your desired money in live account simply click on add money
As you can see you add money via master card, visa, JCB, Payoneer similarly you can withdraw your money via any of the given options above.
However, It must be noted that the minimum deposit is Rs. 350 INR but you can trade for as low as Rs 70 i.e $1.
Binomo Review: Is Binomo Safe?
Now coming to Binomo Review, by now I have told about Binomo. However, the real question arises is Is Binomo Safe?. or Is Binomo real or Fake?
As said above Binomo is approved The platform is an EU registered company in Russia they are providing their Trading Brokerage services since 2014.
The company is approved with the Financial Commission that confirms the Binomo is completely safe.
The financial commission is an regulatory independent organisation and dispute resolution body.
They ensure that you stay safe from Trading brokers against any cheat as they protect traders by commission compensation fund for up to EUR 20, 000 per case.
Image Source: Financial Commission.
However, The best way to ensure that the app is completely safe is google play. as there you can see the live ratings of users.
As you can see above Binomo, has received over 4 ratings which indicate that Binomo is great platform for trading and you can use it.
- One of the most Trusted Trading app being EU registered makes it safer.
- Initial deposit amount is very low.
- You can trade for as low as $1.
- The Deposit and withdrawal process is damn easy.
- They offer numerous tools, guides, webinars to teach newbie regarding the trading.
- The demo account has been provided to become a pro player in trading.
- It is to be noted that trading in any field binary, crypto anywhere is a bit riskier. But once you pro you can control the risk.
- Bonus amount to low in comparison to other companies.
Given Below are most frequently most asked questions.
1. Is Binomo Legal in India?
Ans: No…Binomo is not legal in India actually.
However, you won’t be jailed for trading in Binomo it’s just it is not advised by the Government of India. That’s it!!
2. Is Binomo Legit?
Ans: Binomo is one of the trusted & safe trading options for traders. They offer time to time payment which is actually very good.
As you can see above the company has received an overall rating 3.6 in google play which is actually ok & good and as per my analysis the company is good and Legit and they do provide time to time payment which is most essential.
Okay, so this is the end of this article and I hope this article was helpful to you and must have understood the concept of
Last but not least if you have any problem please feel free to ask me anything via comment below or mail me at Subhamsahuwala3@gmail.com.