The Binomo platform has an easy and a clear user interface. The trading engine is also simple, the minimum you have to do is set the rate, expiration time and forecast a 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 on the sidebar leads to the strategy section. The Binomo team prepared a very meticulous collection of 11 ready to use strategies. These 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 implementation and operation of the strategies.
Each strategy includes the preparation of a chart template, interpretation of indicators used and precise instructions on how to conclude transactions.
Binomo strategies can support the learning process on 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 to become quite proficient in trading and show you the way to build your own strategies.
Drawing tools on the Binomo platform
The Binomo platform facilitates work with technical analysis tools. By clicking on the “Chart preferences” icon you can access two tabs. The first one is “Indicators”. There you will find the most popular and commonly used indicators of technical analysis, starting from moving averages, popular oscillators and onto ready-made sets like Ichimoku Kinko Hyo. This type of a tool palette is now a standard in the industry. In the “Tools” tab you will find instruments which positively distinguish the Binomo platform from its competitors.
In addition to standard elements such as horizontal lines or trend lines, 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 various figures. For example, you can mark today’s maximum price with an arrow, mark the places where you opened a transaction using other built-in tags.
Amongst other drawing tools it is worth to distinguish the “Continuous line”. With the help of this tool you can manually track the trend structure on the chart. This is very helpful in monitoring a trend.
Final words
The Binomo platform may seem minimalistic at first. However, the longer you use it, the more functions you will see and use. The absence of unnecessary complexity makes the platform fast and the user interface clear. What are your favorite features of the Binomo platform? Which tools do you use more often? Share your experience with us by leaving a comment below.
We wish you successful trading.