How to trade on the Binomo platform - a technical guide

CryptoCompare 17 Sep 2017

Financial trading with binary options has become one of the most advanced and profitable method of obtaining a stable income online. However, many potentially successful investors do not dare to make a career for themselves in this field due to their lack of special knowledge and experience in trading on the market. Today, we’re going to show you how to use the Binomo platform - one of the most professional and efficient operators on the binary market.

Part 1 - Sign up

Step 1: Click here to go to Binomo

Step 2: Click “Sign up"

Step 3: Fill in the initial registration form and click "open account for free"

Step 4: You will be taken to the initial binary options trading account verification page. Here, you will need to provide a bit more personal information. After doing so, click "Open real account"

Important: when you go to the terminal, you will see a warning window about the risks involved in binary trading - carefully read these trading specifics in order to avoid misunderstandings in the future.

Part 2 - Follow the interactive instructions

Immediately after signing up for an account, the broker will offer you interactive instructions on conducting trades on the binary market and working on the trading terminal. This is an important stage of your start on the market that will reveal all the technical aspects of trading:

Part 3 - Deposit funds

If you chose the demo platform as your main account type when signing up, then you can safely start training on the market. If you decided to start real trading on the market, you need to credit your starting capital. To do this, perform the following set of operations:

Step 1: Go to the "Cashier" section on the broker’s platform, where all financial transactions between the broker and investor are made

 

Step 2: Enter the amount of your payment and click on the button to make the payment. This step will redirect you to a page protected by security protocols.

 

Step 3: Fill in the payment information and confirm the transfer of funds

 

The funds will be credited to the trading account at lightning speed, and the amount of payment will include bonuses.

Part 4 - Start Trading

Step 1: Choose the asset you are interested in from those available on the operator’s terminal. Its quotes will be used as the object of valuation for options trading

Step 2: Conduct analysis of the asset market using the set of analysis tools from the company's resource and create a forecast for your trading contract

You can use any combination of technical tools and analysis techniques. We recommend using the strategies listed in the strategy section of the operator's website (you’ll find a collection of the most effective methods of quote valuation)

Step 3: Set up a trading contract - here you will need to specify the amount of the trade and the expiration time (the period of time within  which your forecast is to be confirmed)

Step 4: Register the options contract by clicking on the special trading button:

Step 5: Wait for the expiration of the option and get your profit. The funds received from trading are credited to the investor's account automatically after the expiration of the option

Part 5 - the monetization of funds received from trading

If you have achieved the financial result you planned on and want to receive the money you earned in your bank account or payment service, you need to conduct the following operations.

Step 1: Just as with the crediting of investment capital, you will need to go to the "Cashier" section where you will select the "withdraw funds" submenu:

Step 2: Fill in the request form for the withdrawal of trading profits:

Pay attention to this important technical aspect concerning the monetization of funds - the operator credits money to the client only through that service or payment card from which the capital was credited!

After submitting the form, you must wait for the funds to be credited. The waiting period according to the partnership agreement varies depending on the status of your account - it can be a time interval from 4 hours to 3 business days.

As you can see, signing up for an account, crediting funds, and conducting trading operations is fairly simple in the technical sense. Moreover, binary options offer the maximum potential for profiting. Follow our instructions and become successful investors on the binary market!

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