The Binomo platform has an easy and clear user interface. The trading engine is also simple, all you have to do is set the rate, expiration time and forecast market direction. In today’s article, I would like to discuss some features of the Binomo platform that can help you to trade.
Ready to use Binomo strategies
One of the menu icons in the sidebar leads to the strategy section. The Binomo team prepared a very meticulous collection of 11 ready to use strategies. The investment methods have been divided into groups in terms of their advancement: for beginners, for experienced and for professionals.
The described methods contain key information about their use. There you will find recommendations for time frames, assets and a detailed step-by-step guide describing the operation of the strategy.
Each strategy includes the preparation of a chart template, interpretation of the indicators used and precise instructions on how to conclude transactions.
Binomo strategies can support the learning process of the platform. At the same time, it is a collection of interesting investment ideas. I encourage you to try out all the methods included on your demo account. This will help you become proficient in trading and show you the way to build your own strategies.
Drawing tools on the Binomo platform
The Binomo platform facilitates the work with technical analysis tools. By clicking on the “Chart preferences” icon you can access two tabs. The first one is “Indicators”. You will find there the most popular and commonly used indicators of technical analysis, starting from moving averages, through popular oscillators to ready-made sets like Ichimoku Kinko Hyo. This type of tool palette is now a standard in the industry. In the “Tools” tab you will find instruments which positively distinguish the Binomo platform from the competition.
In addition to standard elements such as horizontal lines or trendlines, you can also use advanced tools such as price channels, Andrews Pitchfork, Gartleys and Fibonacci tools in the charts. To remove any of the previously added tools from the chart, simply hover over them and right-click.
Very interesting and helpful in working with charts is the possibility of adding the figures. For example, you can mark today’s maximum price with an arrow, mark the places where you opened the transaction using other built-in tags.
From the other drawing tools, it is worth to distinguish the “Continous line”. With the help of this tool, you can manually track the trend structure in the chart. This is very helpful in monitoring the trend.
The Binomo platform may seem minimalistic at first. The longer you use it, the more functions you see and use. The absence of unnecessary complexity makes the platform fast and the user interface is clear. What are your favourite features of the Binomo platform? Which tools do you use most often? Share your experience with us by leaving a comment below.
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