Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
🚀 We're launching a dynamic series of live streams on our YouTube channel and invite you to be part of this transformative experience. It is your golden ticket to dive into the heart of trading with insights, strategies, and tips that could redefine your trading journey.
Mark your calendars (all sessions start at 7:00 PM UTC+05:30):
Exposing the truth: how to remain calm in swing pullbacks
📅 February 19
💡 Learn to maintain emotional balance in trading with our analysis of swing pullbacks, followed by an engaging Q&A session.
👍 Grab this opportunity to learn from the best and join a community of traders who are in. See you at the live streams – let's make trading milestones together!
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Take a look at our brand new video about money management and Position Sizing Strategies. It will help you operate your funds better and show you how to focus on the most necessary changes.
Do one more step forward to professional trading!
🚩 The financial operations offered on this site may involve increased risk. Please evaluate all the financial risks before trading.
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We wanted to know more about Binomo traders, so we decided to interview Satish, a trader from India. If you want to be featured in the "Portrait of a Trader" section and tell us about yourself, write in the comments :)
Hey! My name is Satish and I have been trading for 4 months now. Since the very beginning, I've been using the trend trading strategy — it seems simple and logical to me. Over about 3 weeks I learned how to trade on the Demo account, then I switched to the “Standard” status.
Usually my trading day goes like this.
1. First, I go through the economic news to make sure that nothing has changed much on the market. I usually trade on two currency pairs — EUR/CAD and EUR/GBP.
2. Then I open my Trading Journal and draw up a plan — the number of trades, the time for trading, the maximum of successful/unsuccessful trades, etc.
3. I spend about 30-40 minutes trading, after which I write down my trades in my journal and analyze the results.
I work as an auto mechanic and spend about $40 on trading every month. I try to make deposits using a promo code so that the amount in my account is larger. It took me a couple of months to learn how to control my emotions, although sometimes I still get nervous and worried. For example, last month I managed to withdraw more than $70, but in March most of my trades were unsuccessful and I was in the red.
My main rule is stop loss. I know exactly what the maximum loss can be and never exceed this amount. In the future, I want to become a Gold trader and study the Fibonacci levels strategy.
Tips for Satish from Binomo analytics.
You have a serious approach to trading, keep it up! For further growth, I would advise you to study the “Experienced” level strategies and test them on a Demo account. Over time, it will become easier to control your emotions and you will be able to try different types of trading. Remember to review your overall results every month and keep track of your progress.
Join the platform bit.ly/3u1BTmI
🚩 The financial operations offered on this site may involve increased risk. Please evaluate all the financial risks before trading.
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There are many obstacles on the trader's path. One of them is not understanding where to start. In this series of posts, we will provide step-by-step instructions on how to develop professionalism in trading.
Step one: learn only one trading model, but master it.
Each trader has their own way of seeing the market, just like each person sees their own shade of the same color. Out of all the tools, choose the one that seems the most understandable to you and focus on it. Don't make it difficult for yourself with lots of strategies — learn how to do one type of trade well.
Many seemingly competent traders know a lot about assets and technical and fundamental analysis, but in reality, their results leave plenty of space for improvement.
Your task is to understand the market, and that can only be achieved by practice :)
Make your first step with us bit.ly/3u1BTmI !
🚩 The financial operations offered on this site may involve increased risk. Please evaluate all the financial risks before trading.
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Sometimes Binomo users face a situation where their account gets blocked and wonder why this has happened. Let's have a closer look!
As a rule, an account may be blocked for the violation of the Client Agreement, a document available on the platform in the "Information" section. We know it is a very long document that many traders most likely just leaf through. However, if your account has been blocked, the answer to the question "why I was blocked" can probably be found in the Client Agreement.
The most common reasons for account getting blocked include:
- Forgery of documents. When getting verified, make sure you have attached real and valid documents. Otherwise, your account will not be verified and will be blocked.
- Existence of 2 accounts. Platform users are not allowed to have 2 or more accounts. To create a new account, you need to block the existing one.
- Fraud. Any fraudulent practice and chart manipulation will be followed by blocking.
And, of course, underage users are not allowed to trade on the platform :)
To avoid your account getting blocked, we suggest reading the Client Agreement and following the rules :) Have a nice trading day!
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Last month we enabled onboarding for new traders on Binomo. Now it is as easy as apple pie to get the hang of the platform interface!
Onboarding is a brief interactive introduction that shows the key features of the platform in just a few steps. It offers two scenarios, one for beginners and one for advanced traders.
Feel free to invite your friends to the platform. With this new feature, they will definitely figure out how to make trades and choose assets ;) We wish you successful trading!
Visit the platform bit.ly/3wjZ3Gg
🚩 The financial operations offered on this site may involve increased risk. Please evaluate all the financial risks before trading.
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Online fraud is becoming more widespread. Now, cons not only pose as Binomo agents, but also fake our social media accounts and post comments on behalf of our brand.
How can you secure yourself against fraudsters?
1. Don't trust suspicious social media pages. Binomo never announces promotions and important events in comments under posts.
2. Don't ask "trading experts" for help. Wrongdoers often leave their contacts in the comments.
3. Under no circumstances share the password to your account with unauthorized people. No Binomo employee will ask for your password.
🚩 The financial operations offered on this site may involve increased risk. Please evaluate all the financial risks before trading.
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The famous investor Carl Icahn is considered a "corporate raider," while he describes himself as an activist investor. The financier's tactic is simple: he looks for ineffective companies, buys up their shares, provokes changes in management, and then sells the securities once they have risen in price.
Icahn was born in 1936 in Brooklyn. Unlike other famous traders, he did not have the opportunity to choose his life path on his own. Although the elite Woodmore School accepted him and was willing to cover his tuition, Icahn's father sent him to a regular public school. After becoming successful, Carl once said: "And, despite the fact that I did not study at Woodmore, I still became a billionaire and made it into the Forbes ranking."
After high school, Icahn attended Princeton University and received a Bachelor of Arts in Philosophy. In 1961 he took a job as a Wall Street broker.
Ten years later, the investor started taking controlling positions in individual companies. In 1977, he began gradually buying undervalued shares of the Tappan family kitchen equipment company. Icahn managed to collect enough stock to claim a seat on the board. He found a buyer who was willing to offer twice as much for the shares as the financier had previously paid for them, and forced management to sell the company. As a result, Tappan was acquired by the Swedish company Electrolux, which then penetrated the American market because of this purchase.
According to experts, Icahn is a “specialist in hostile takeovers.” And despite all the inconsistency of his methods, the stock market never fails to publish any news of Carl Icahn buying shares in a new company. Why do you think that is? ;)
🚩 The financial operations offered on this site may involve increased risk. Please evaluate all the financial risks before trading.
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We have great news! Now SumSub, an automatic verification service, is running on the Binomo platform. This means that document verification will become faster, easier, and more reliable. With this new service, verification is automatic and usually takes up to 10 minutes instead of several hours. No tiring waiting! SumSub's security is acknowledged by ISO-27001 and PCI DSS certificates, which means your data will be protected.
For the procedure to be successful, remember to check whether you have attached the correct and up-to-date documents. See “Verification” in the Help Center for detailed information.
The main purpose of verification is to secure users' funds and personal data. This process will now take much less time.
We wish you successful trading!
🚩 The financial operations offered on this site may involve increased risk. Please evaluate all the financial risks before trading.
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Please remember what a candlestick looks like. The upper and lower wicks (or shadows) are the high and low prices for the period of time (time frame) that you select in the bottom of the platform.
And what generates this price? Supply and demand, of course! These factors affect the price every second. This means that price fluctuations are not just reflected in the candlestick chart, they form the candlesticks themselves, Price Action candlestick formations, and candlestick patterns.
The law of supply and demand is as simple as possible: the lower the price, the greater the demand and the higher the supply, and vice versa. Remember the bulls and bears? :) Bears are interested in a rising demand and falling prices. And bulls are interested in a subsiding supply and rising prices.
It is supply and demand that form the composition of those "camps" of bulls and bears every second. To understand exactly how this works, take another look at our recent post about trends and flats, where we looked in detail at how prices are formed.
Still got questions? Want to look into another important topic? Write about it in the comments :)
🚩 The financial operations offered on this site may involve increased risk. Please evaluate all the financial risks before trading.
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How to start trading from scratch? What improves the efficiency of investments? Why are some traders more productive than others? What strategies help you increase your performance? You will learn all this and much more from the video on the Binomo World YouTube channel.
Binomo is a progressive trading platform that is present in over 130 countries and unites millions of traders around the world. The Binomo app offers convenient day trading both for beginners and professionals and focuses on trading education. We allow users to learn how to trade and master new trading strategies.
Contact us: support@binomo.com
Risk warning: Your capital might be at risk