Guide to Trading Using the Three White Soldiers Pattern on Binomo The Three White Soldiers is one of those useful patterns to remember and keep an eye out for. Simply put, this is a pattern that signals a rigorous rise in prices and often appears after a strong downwards trend. In trading, distinctive patterns sometimes appear in your charts. You can use these … [Read more...] about Guide to Trading Using the Three White Soldiers Pattern on Binomo
The Best 4-Step Candlestick Strategy
Although there are dozens of strategies and market analysis tools out there, Japanese candlesticks are arguably the most important ones out there. It's basically impossible to trade on Binomo without understanding them properly, so if you're interested in possibly trading real money using this platform, you better start learning about them now. That's why, in today's guide, … [Read more...] about The Best 4-Step Candlestick Strategy
Why Trading Against The Trend Can Make You Lose Money On Binomo
It's very easy to lose money when trading anything. Just one mistake, one little error, could send all your hard work, effort, and potential earnings down the drain. However, one of the most common and easiest ways to do so is to trade against the trend. In this article, we'll tell you all about trading against the trend and why you shouldn't do it. What is a 'trend'? The … [Read more...] about Why Trading Against The Trend Can Make You Lose Money On Binomo
How To Trade Using RSI and Support/Resistance Indicators on Binomo
If you simply want to identify which price points a trend is likely to reverse, it's recommended that you use Support and Resistance. However, if you want to determine which direction the price will take next, you have to use another indicator. Just using Support and Resistance, in this case, isn't very effective. Using it alongside the Relative Strength Index (RSI) indicator, … [Read more...] about How To Trade Using RSI and Support/Resistance Indicators on Binomo
Simple SMA strategy to trade on the Binomo platform
Binomo has many indicators in its offer. One of them is called the Simple Moving Average or SMA in short. It is a very basic tool which gives information about forecasted price direction. The SMA calculates closing prices over some time. It adds them and then divide by the number of periods in which it measured these prices. Today I will present the basics of the Simple … [Read more...] about Simple SMA strategy to trade on the Binomo platform
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