Binomo App | India | Review | Sign Up | Bonus | Strategy | Wiki: 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 App | India | Review | Sign Up | Bonus | Strategy.
What is Binomo?
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?
IT 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, Crypus.
It is a Binary trading options company, which is now one of the simplest and cheapest modes of earning money online.
In case you don’t know what actually is Binary Option
It is the Financial exotic option in which the later payoff is either fixed or nothing at all.
There two types of binary options
1.cash or nothing
2. asset or nothing
Now, The former pay the fixed amount of money if the option expires in the money while the latter pays the value of underlying security.
They are also called all or nothing options, digital options, fixed return options on American Stock Exchange.
If you didn’t understand the above concept yet don’t get demotivated you’ll understand further easily.
How Binomo Works?
As I told Binomo is a Trading app which allows you to trade stocks, commodity, shares.
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.
Now, it is to be noted predicting in Binary option is not that simple as I stated above you need to master proper skills & guidance to be able to predict the market.
Don’t worry I’ll teach that even in this article so better bookmark this article for later uses.
Okay by now I have told you a lot about Binomo What is Binomo?, How it works? now let’s dive into Binomo review.
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 page which looks something like this below…
I have translated this to English as I am comfortable with that you can do it too — just left click on the mouse and click translate to English.
Firstly, Click on Signup and Fill your necessary details like email, password and more.
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.
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.
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.
Binomo Deposit & Withdrawl
Once you have gained confidence in trading you can now go and add your desired money in live account simply click on add money after clicking on that you will land to the page (given below).
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.
Talking about Bonus if you are joining today and you are damn serious regarding investment in Binomo then you can make an initial deposit of Rs 7,000 INR for which you’ll get +30% Bonus.
See the complete chart below…
By now I have told almost everything about Binomo now let’s dive into the pros & cons.
- 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.
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 so, yes you can start Trading 🙂
Binomo Winning Strategy
Okay, In this Section I will Tell you about my Binomo Winning Strategy.
I Bet no one will ever tell you This easy trick…
Note: This Strategy gave me results it might work for you & may not I’m not responsible for your loss if any.
First of all, I assume you know the proper basics of candlesticks If you don’t trust me no one in this world can help you actually.
I Personally use three indicators i.e
Stochastic that’s it 🙂
First of all Click on EMA Twice and set one as 200 & other as 100 and choose a different colour for more clarity (See Image below).
How to use it?
It’s that simple if the yellow line (200 EMA) crosses and is above the blue line (100 EMA) then the market is in an upward trend so go for BUY TRADE & vice versa.
However, Also do consider RSI before placing a trade.
RSI is my favourite Indicator and it is the most simple & most accurate indicator in my experience.
How to use it?
Go to Indicator and click on RSI and keep it to 14 only.
Well, let me tell you some basics of RSI first please do note it down.
Overbought: If that line crosses 70 then the market is at the overbought situation.
This level usually indicates the best price level has already reached and indicates the end of the UP trend
Characteristics of Overbought:
At overbought level
Buyers get excited
Demand is most probably going to decrease
Price may decrease
At the overbought level, we should always place SELL TRADE as it indicates Down Trend.
Oversold: If the line crosses 30 then the market is in an oversold situation.
Similarly, Oversold usually indicates the end of Downtrend & start of uptrend so we should place BUY TRADE there.
Characteristics of Oversold:
At Oversold level
Sellers get excited
Demand may increase
Price may Increase
At the oversold level, we should always place BUY TRADE as it indicates Up Trend.
Now, you must be asking what about that 50 right?
Well, 50 is most important actually as per golden rule of RSI.
If the line comes Overbought level and crosses 50 then most probably it indicates Downtrend so we should place SELL TRADE there.
If the line comes oversold level and crosses 50 then most probably it indicates Uptrend so we should place BUY TRADE there.
As I said it helps to predict you can’t Blindly trust this
Sees my stats below after using this trick Please do start with small trades like $1 to try this and keep practising it.
Last but not least is Stochastic if you know how to use Stochastic & RSI together Trust me!!! you will minimize the loss to almost zero.
So, you must be excited to know how to use it.. well, it’s damn simple.
If Green Line is above or is in a rising position go for BUY Trade
If Red Line is more clear & is in a falling position go for SELL Trade as simple as that.
To Gain more success look both at RSI & Stochastic if both agree on Bullish pattern go for BUY Trade & vice versa.
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 Binomo App, Binomo India, Binomo Review, Binomo Sign Up, Binomo Bonus, Binomo Strategy, Binomo Wiki.
Last but not least if you have any problem please feel free to ask me anything via comment below or mail me at [email protected]