Strategies
In trading we must have a strategy to get maximum profit. The main goal of trading is of course to maximize the profits obtained.
Therefore it is important for us to know the 10 best trading strategies for Binomo. There are strategies for trading on Binomo that need to be trained and learned, and there are also those that you can practice directly. In this discussion, we will review various strategies that you can use when trading Binomo.
10 Binomo Trading Strategies
There are 10 strategies that you can use to trade on Binomo. You can study them first and choose which strategy is most appropriate for your trading on Binomo.
1. Use Pathfinder Strategy
The Pathfinder strategy is carried out in the afternoon and evening, the reason is that price fluctuations tend to be small so that they can be easier to predict. Choose the Bollinger Band indicator so that it can describe the maximum price deviation from the average price.
For the hours for America, it starts at the second session, which is 16.00 UTC while for Asia until 06.00. Use 1 minute to analyze the market until at least 5 minutes to end. To do this strategy, do not use more than 2% of your assets.
Source: Binomo Web Trading
2. Use the Fibonacci Strategy
This strategy uses the Fibonacci grid to perform analysis. This strategy uses a series of mathematics in making future predictions, namely the next number is the sum of the two previous numbers, for example 2, 2, 4, 5, 9.
This existing pattern can be used as a basis for estimating prices so as to minimize the chances of loss. You need to practice analyzing prices based on previous data.
Source: Binomo Web Trading
3. Puria Method Indicative Strategy
This strategy follows the existing trend. The rise and fall of the new price is translated using the MACD indicator. To use this strategy, do not use more than 3% of your funds to minimize risk.
4. Alexander Elder Strategy Or Triple Screen
The advantage of using the Alexander Elder Strategy Or Triple Screen is that you can do several time periods in analyzing the market. Alexander Elder is taken from a world-famous trader who has written several books on trading, the book is used as a learning guide for beginner traders in understanding the stock exchange.
Alexander Elder is the creator of this strategy. The MACD guide in this strategy is if the histogram indicator column is above the zero scale, it indicates an uptrend in the market and if the histogram indicator column is below the zero scale, it indicates a downtrend in the market.
Source: Binomo
5. Using the Bollinger Breakdown Strategy
Source: Binomo Web Trading
Source: Binomo Web Trading
There is big news that affects the public which causes traders not to sell or buy shares. If you are a beginner in trading, do not use more than 2% of your total balance and if you are a senior in trading, you are allowed to use a maximum of 3% in one transaction.
6. Follow the 7 Golden Rules of Binomo Strategy
There are 7 golden rules of Binomo that you can follow, namely first, follow the existing trading rules and plans. Second, the money in your deposit will make it easier for you to trade, the greater the amount if you use it carefully, the easier your transactions will be.
Source: Binomo Apk
The third is to set a maximum loss limit for each day. Fourth, make an analysis both before and after the transaction. Fifth, Self-control, do not follow your ambitions too much in trading.
Sixth, follow the rules of financial management, for example, in one transaction should not be more than 2% to 5% of the funds in your balance and simultaneous transactions should not be more than 10% of the funds in your balance.
Seventh, Learn in depth about transactions in Binomo. By learning more deeply, you will minimize your losses.
7. Market Convergence or Divergence Strategy with RSI
RSI is a Relative Strength Index which means a picture of how strong the existing trend is and the probability of changes that will occur. With RSI you can see market convergence or divergence. The recommended time frame for this strategy is from 15 seconds to a maximum of 1 minute.
Source: Binomo Web Trading
8. Night Channel Strategy
In the Night Channel Strategy, the traded asset is currency. The right time to apply this strategy depends on your situation, if you have the ability to read market changes then the best time is during the day and if you want to make transactions without the interference of price changes then the best time is at night.
The steps are to create a virtual line boundary between the highest and lowest lines. If the asset approaches the upper limit, it indicates that the transaction is going down, if the asset approaches the lower limit, it indicates that the transaction is going up.
Source: Binomo App
9. Technical Indicators
This technical indicator functions to monitor asset movements and develop indicator trading systems that can later be used as signs for trading. There are several terms that you must understand such as the alligator indicator which consists of 3 moving averages that can determine price changes.
Source: Binomo Web Trading
There is also the term Bollinger Bands which aims to calculate the average price in a time span and calculate the maximum deviation from the norm. If the market is calm Bollinger Bands projects the predicted limits of price fluctuations.
10. Change Information and Make Profit
The news that occurs can be a strategy in trading on Binomo, the news that is circulating will affect price changes. On Binomo there is an economic calendar, pay attention to the bull symbol (it could be in other symbols such as exclamation marks and others). If the symbol is three bulls then the news is important.
Pay attention to the previous value, forecast column, and result column then choose the asset that is most related to the news. To find out more about what Binomo is, you can click Binomo
Source: Binomo Login
That’s the explanation of the 10 best trading strategies for Binomo, this strategy will be your reference in trading on Binomo more effectively and increase your chances of maximizing profits.