Binomo there binary options trading platform (binary option). Operated by 2 companies Tiburon and Dolphin Corp. Recently, Binomo has attracted a lot of attention from domestic and foreign investors. In addition to the positive reviews, there are also many mixed opinions, saying that Binomo is a “pickpocket” player. so really What is Binomo?? How to play Binomo? The following article will answer these questions for investors.
Brief about Binomo
Binomo has officially operated since 2014. Although registered in Cyprus, Binomo is not regulated by CySEC but is a Class A member of the Financial Commission (The Financial Commission) has registered addresses in London and Hong Kong. Introduced as a trading platform for popular assets such as: Currencies (Forex trading), cryptocurrencies, commodities and stocks. Players can participate in very low capital transactions (of just 10$ equivalent to 230,000 VND).
For beginners who don't have much experience in the market. Binomo offers a Demo account. Unlimited virtual money and market analysis tools similar to real accounts. The player's job is to practice trading, choosing whether the price of the product will go up or down in a certain period of time. If the market moves in the direction of the order placed, the bonus will be added to the account balance, otherwise the player will lose the order amount.
binary options
We must have heard the concept of Binary when we were still in school, right? The binary concept has only 2 values which are 1 and 0, true and false, up and down. Binary option means choosing 1 of these 2 values. In the financial market, binary options trading is understood as choosing the price of a product to increase or decrease in the future.
When investing in Binomo, you will have 2 bets: “Increase” and “Decrease”. It sounds simple, but to have a way of playing Binomo that always wins, players need not only financial knowledge, but also negotiation skills, calculating the right time to enter orders.
Is Binomo a scam?
To answer this question, you need to understand the binary options trading market well. The binary options trading we are talking about here is not about trading for 5 seconds and 10 seconds and then claiming I made money.
There are many opinions that Binomo is a scam because trading is just one stake and Binomo will adjust the price to take money from players. However, not only Binomo but many other binary options exchanges update product prices in real time. That is, if you are trading and looking at the price of the USDJPY currency pair on Binomo, the price of this product will be similar when compared to other reputable forex brokers.
Therefore, saying that Binomo sets the market price is not true. Also, most players when trading on Binomo want to make quick profits and place orders in a short time. With such a short period of time, the market will fluctuate very unpredictably, leading to orders from players that are likely to be in the wrong trend. It's hard to say that Binomo is a scam, if players don't want to lose money they need to be fully equipped with knowledge to be able to trade in the best way.
Should I play Binomo?
The binary options market is like any other financial market. This is a high risk investment market. Especially, if you are a beginner, you don't have much experience, you will probably lose some or all of your invested capital. However, having accepted to enter the game, we also accept to play according to the rules. We recommend that beginners learn to equip themselves with financial knowledge, trading methods and constantly update Forex signals signals. You can also learn to play Binomo with Binomo's free demo account.
Registration instructions and how to play Binomo for beginners
Instructions for registering a Binomo account
Step 1: You access the site binomo.com. Select the Login item in the upper right corner of the screen and select the Sign Up tab. Then fill in the required information as shown below and select “Open an account”.
step 2: you will have the option of trading experience. If you are a beginner, don't worry. Binomo will introduce you to the basics of trading.
step 3: Finally, select the personal icon in the upper right corner of the screen. Then go to each item “Profile”, “Confirm phone number”, “Confirm email” to complete your personal profile. Then you can start making money with Binomo.
Instructions on how to play Binomo
Step 1: In the trading interface, you can select the trade product code in the upper corner of the screen.
step 2: Next, when there is a judgment on the market trend. You will proceed to order. Here, you need to enter the order amount and duration.
step 3: Then you choose the order to increase or decrease according to your judgment. So you can Completion 1 transaction on Binomo exchange.
Conclusion
Here is the article to learn “What is Binomo?? A detailed guide for beginners”. As mentioned above, this is a high risk market. Beginner players need to master the knowledge and understand the market so that they don't have to spend “monthly fees” unnecessarily. Thanks for following this post!
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