If you seriously consider trading in Binomo for profit, then you must learn and practice your skills in the best way. Because almost no trader without good knowledge or skills can make income in the financial field. So today, I am going to share with you some tips for beginners to trade in Binomo on how to bring about a stable and long-term profit.
- 1 What is Binomo?
- 2 The Conditions For Participating In Making Income Online On Binomo
- 3 How To Make Income Online In Binomo For Beginners.
- 4 Advice for beginners to trade in Binomo
- 5 Deposit in Binomo account using online banking
- 6 How To Withdraw From Binomo Accounts To Bank Accounts
- 7 Summary
What is Binomo?
Binomo is an online trading platform via financial investments. It means traders will predict the trend of asset value, which may increase or decrease, to gain profit for a given period. If you make the right choice, you will receive immediate interest. And if it is wrong, you will lose your investment.
The Conditions For Participating In Making Income Online On Binomo
First, you need to have a fully verified email account with a high-security level of your own. Signing up accounts and notifying transactions of all trading platforms around the world are now via email. If you do not have a secure email account, you should not participate in making income in Bimono, as well as other trading platforms.
Next, we will need a bank account with Online Banking enabled. And the minimum top-up amount is $13.
In Binomo, you can also make payments via Visa/Mastercard debit or credit card from any bank. Your account needs a minimum of 10 USD to top-up the lowest $10 package.
How To Make Income Online In Binomo For Beginners.
Sign up a trading account in Binomo
To join Binomo, you will need a trading account. Please open an account with a secure and verified email. You should also use the same phone number that you used to register your bank account. Registration is completely Free. After completing registration, you are offered $1000 to try it out in the Binomo demo account.
Then click on “TRY IT”. A registration menu will show up.
Fill in all of the necessary information such as (1) Email, (2) Password, (3) The currency used in the account. And click “Create an account” for free.
Step 2: Go to your email to activate your newly registered account
And now, you have completed the account registration in Binomo.
If you want to trade in Binomo using your mobile phone, you will need to download the Binomo application to your smartphone. Then register as above. Download the Binomo application here:
Familiarize yourself with the Binomo interface on your new demo account
You can not make profits without knowledge and skills when trading in Binomo. And the demo account will help you gather knowledge, build trading strategies and practice your skills more and more sharply.
Get used to the interface in Binomo. Most of the trading interface on other platforms are the same including:
(1) Select assets: EUR/USD.
(2) Select the amount.
(3) Select the expiration time: 1 minute, 5 minutes, etc.
(4) Up and Down buttons.
(5) Chart type and time period: Japanese candlestick chart and 5-minute candlestick time.
Advice for beginners to trade in Binomo
As a newbie, you should not start with 1-minute or 30-second orders. It is better and safer to trade with 5-minute or more orders. Get yourself familiar with this basic and simple method when trading in Binomo: Support/resistance + test candlestick. This is a basic but effective indicator when used on long-term orders, which is shared by experienced Binomo traders.
Open a 5-minute order when the price bounces back to test the resistance level.
Or we can also enter the trade using a fairly simple but highly effective candlestick pattern. When the Three black crows candlestick pattern appears, it forecasts a bearish trend. We can open a DOWN order when the pattern is completed.
Due to the slow network, I opened the order 5 seconds late. However, due to the correct trend, I still made a right forecast with this 5-minute order.
Only the method alone is not enough to earn profits for the account. Learn to manage your capital appropriately. Capital management in Binomo means that how much amount for one tracsaction and how many orders should you open are reasonable. The amount invested in an order is a strategic decision during orders trading.
Combining the two above, you have just created a set of rules which help you make profits when trading. Please practice and verify its effectiveness with a Demo account.
Deposit in Binomo account using online banking
By this point, make sure you have made correct forecasts using the demo account for at least 2 weeks in a row, and also have an effective strategy with a good capital management method. It’s time to recharge your account for investing within 3 easy steps as follows:
Step 1: Log into your Binomo account
Click on the Deposit button at the top right corner of the screen.
Step 2: Proceed to deposit into your account and select the online banking category
We need to fill in 2 items: (1) The amount you want to deposit (2) The bank registered with online banking.
Then, the banks that Binomo has supported with online banking will appear. Pick your bank. Finally, click Deposit.
For example, I chose the payment bank to be Asia Commercial Bank and the amount is 30 USD as shown below.
Step 3: Log in to your online banking account and confirm payment
This is after I completed Step 2 and chose Asia Commercial Bank as the payment bank.
(1) Enter your online banking account login name.
(2) Enter the password of your online banking account.
Then click Continue.
After logging in, the bank will send the OTP message to the phone that you registered at the time of opening the account to confirm that the account holder wants to make the transaction. After checking the OTP and the amount correctly, click Confirm to agree to make the transaction.
5-10 minutes after completing the above steps, there will be a notification email said that your Binomo account has been funded.
How To Withdraw From Binomo Accounts To Bank Accounts
Once you have profitable investments, you can withdraw capital at any time. Remember to withdraw using the account which you used to deposit before. Because this is a general regulation of trading platforms to avoid financial fraud (money laundering).
You can withdraw to your bank account within 3 easy steps
Step 1: Check if your real account has available balance to withdraw.
Step 2: Click on the circle box on the right corner of the screen => select Cashier.
Step 3: Select the bank to withdraw and the amount to withdraw
Click on the withdrawal section, the information will appear for you to fill in
(1) Amount to withdraw.
(2) Select the Online Banking payment method.
(3) Account name.
(4) Account number.
Then click “Withdrawal”.
After the 3 steps above, your account will immediately be deducted from the amount you have withdrawn. Binomo now announces your withdrawal request.
The time between requesting a withdrawal and transferring funds to your bank account is within 24 hours. If it takes longer you can contact the support for checking and they will transfer the request to the payment department for quick processing.
When the profít transferred to your account, there will be a notification email from Binomo. You can check if the fund has been credited into your account because it is no longer in the system. If not, you can re-check with the bank. Usually, your account will be credited as soon as Binomo’s mail is sent because they hardly have any issues with third parties.
So I have withdrawn funds in less than 1 hour. The capital I deposited was $30 and I withdrew $33. The profit is 10% of the total deposited amount. It is a pretty good start that can treat you with breakfast and coffee.
After reading this article, go create yourself an account in Bimono as soon as possible. Start practicing on the demo account in 2-4 weeks. Invest real amount if and only if the account makes profits within a month and you have got an effective strategy with a good capital management method for your sake. From then on, make up a set of trading rules and use it as a stepping stone to set off on the path of making income online with trading platforms. And your first start should be with Binomo.com. Thank you a lot for your time here.