What are the best trading strategies on Binomo?

All the details about trading strategies, signals and ways to earn money on Binomo are perfectly filled in this article .

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Trading strategies on Binomo

To improve the efficiency of options trading, traders can use several simple strategies. Trading trends allow you to determine the direction of price movement. Trends in the financial market can be divided into ascending, descending, sideways and intraday.

Uptrend

An uptrend is observed during the period of growth in the price of an asset. Most traders during the uptrend open long positions “High/Higher” to achieve the maximum price.

For example, the stock price can rise by $10, then fall by $5, then rise again by $8. In general, the price of an asset is rising, as indicated by lower lows and higher highs.

Downtrend

When you seen a continuous decrease in the price of an asset then this is called a downtrend. During this period, traders place short positions “Low” on assets with the lowest price.

The pattern in a downtrend is as follows: the stock price falls by $40, then rises by $20, falls again by $15, and so on.

Sideways trend

A horizontal movement of an asset price in a certain range is called as sideways trend (flat). In a flat, the price cannot reach either the lowest or the highest point.

A sideways trend usually occurs when supply and demand are approximately equal. A sideways trend is observed during a consolidation period before the price reverses into a new trend or shows the previous trend.

A horizontal price movement between the lows and  highs indicates the presence of a price channel. In a horizontal channel, you can open options to increase or decrease until the flat ends.

Intraday trend

This strategy is a short-term trading trend based on tracking price fluctuations during the day.

For example, if there is an uptrend during the day, a trader buys an option to increase before the low, and then before the next higher low in case of a sharp trend reversal.

Monitoring the intraday trend is effective when following a downtrend, since it involves buying options to decrease.

Strategies with trading trend indicators

To determine trading trends in binary options, traders use technical indicators: MACD Moving Averages, RSI Relative Strength Index and Parabolic SAR. The oscillating indicator “Moving Averages” allows you to identify market momentum.

In identifying new trends MACD is very effective, to study bullish and bearish trends. Relative Strength Index (RSI) is used by traders to determine market direction, analyze opportunities, and identify whether an asset is overvalued or in trouble.

Parabolic SAR allows you to identify current trends using the “stop and reverse system”. SAR helps analyze market direction and identify possible reversals.

Where to get signals for Binomo?

Trading signals are tips based on technical analysis tools that help the trader make the right forecast and make a successful deal at the right time.

Trading signals do not guarantee profit, but can significantly increase the chances of a successful deal. Signals must be combined with technical and fundamental analysis methods. You can use signals on real accounts as follows:

1. Firstly select a trading asset (currency, indices, stocks, etc.);
2. Then you can specify the time interval on the chart which is from 1 minute to 1 day;
3. a forecast based on data from several technical indicators will appear under the selected instrument.

Binomo offers more than 30 trading signals. Traders can create signals themselves, taking into account their strategies and trading methods. You can use the following input data to create signals:

• technical models – triangles, head and shoulders, trend lines, candlestick patterns, etc.;
• moving average – a signal to buy an up option is a breakthrough of the slow moving average from bottom to top;
• volume indicators — high volume is a harbinger of a new market movement;
• volatility indicates market changes.

In the process of analysis, it is worth considering cycles — ups and downs in the market. The seasonal cycle is one of the most common. To receive signals, traders can use third-party resources with professional analytics, for example, investing.com, tradingview.com.

How to win a tournament on binomo?

Binomo regularly notifies there users about the upcoming tournaments on its platform. To open the section with information on tournaments, click “Tournaments” on the left panel of your personal account.

Competitions are divided into paid and free.

• Free tournaments are usually held for several hours and have a small prize pool from the brokerage platform. Free contests allow beginners to increase their deposit without investing their own funds.
• Paid competitions can last from 1 to 30 days. The prize pool depends on the cost of participation and the number of traders willing to take part in the tournament.

The provider publishes a special table to show how much profit each participant has received. At the end of the competition, the prize pool is distributed among the first 10 leaders.

The trader who has earned the largest amount receives the largest share of the reward. There are following tips which helps you to win.

1. Trading should be systematic.
2. It is important to have a balance sufficient to make a large number of transactions with minimal investment.
3. Study and follow the principles of capital management – invest no more than 2% of the deposit in one option, keep the total amount of all open transactions at a level of no more than 15% of the balance, etc.
4. Introduce a daily limit on the number of unsuccessful transactions or a percentage of the total balance.
5. Study new strategies and tools.
6. Learn to control emotions. The emotional state should not interfere with following the chosen trading strategies.
7. Analyze the market, use your experience of making successful transactions.

To get into the top five, the participant will have to increase his initial deposit by at least 30 times. To achieve results, it is not enough to use a standard trading strategy.The best option may be 25% for a classic investment and 10% if a grid strategy is used.

How to make money on Binomo?

To successfully trade on Binomo, a novice trader must understand how the platform works.

The terminal is intuitive:

• there is a chart of the selected asset in the center;
• there is a window for placing bets on the right (the window indicates the transaction amount and expiration time – the duration of the contract);
• the “green/red” buttons are used to make a forecast “for an increase” and “for a decrease”, respectively.

The provider offers two types of option contracts: classic High/Low and turbo option “Higher/Lower”. For beginners, the classic option is recommended.

The terminal has 4 types of charts. The most popular and informative chart is Japanese candlesticks. The body of each candlestick shows the opening and closing prices, and the tail or wick shows the price highs and lows.

To make money on binary options, you need to use a chart scanner. Scanners help determine the direction of the trend, show the number of received signals “up”, “down” and “neutral”.

The more similar signals, the stronger the trend. However, indicators sometimes give erroneous signals. To ensure success in trading, you need to use 2-3 different indicators.

Many users are wondering if it is possible to make money on Binomo? Yes, it is quite possible to make money on binary options, but it is not easy. The fact is that the risk-reward ratio in binaries is uneven, for example, in Binomo it is 1: 0.8.

For example, a trader buys an option for $100, if he made the correct forecast, he will receive a profit of $80, and in case of an error, he will receive a profit of $100. forecast — a loss of $100. Let’s say a trader made 10 trades, 7 of which were successful, then the profit will be: 7 × $80 = $560.

Now let’s calculate the loss on the three unsuccessful trades: 3 × $100 = $300. Total profit: $560 – $300 = $260. Thus, for 10 options, the trader will earn $260 with 70% of correct trades.

In binary trading, a very high percentage of successful forecasts is required, which is not always possible. On binaries, only 10% of traders have a more or less regular income due to following the strategy.

Conclusion:

Trading on Binomo can be profitable with the right strategies and discipline. Key approaches include trading with trends (uptrend, downtrend, sideways, and intraday), leveraging technical indicators like MACD, RSI, and Parabolic SAR, and using trading signals effectively. To excel, traders should focus on market analysis, manage risks wisely, and maintain emotional control.

Participation in tournaments offers opportunities to increase deposits through systematic trading and sound capital management. While making money on Binomo is possible, it requires a high success rate, consistent strategy implementation, and market expertise. Only 10% of traders achieve consistent earnings, underscoring the importance of learning and practice.

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