The Binomo trading platform is consists of 11 essential sections, including watchlist, trading panel, trading signals, asset selection, and chart type.
These segments allow you to perform technical analysis and execute buy or sell trades on the demo or real accounts.
Binomo Platform Overview
Traders must familiarize themselves with the Binomo broker trading platform to use all its features, perform technical analysis, and trade binary options.
Binomo trading platform segments:
- Watchlist
- Asset selection
- Real or demo account
- Deposit and withdrawal
- Trading panel
- Timeframe
- Chart type
- Indicators
- Drawing tools
- Trading signals
- Dual chart display
Watchlist
On the main page of yout user cabinet, click the plus to add symbols to your watchlist.
Asset Selection
You can change the current trading pair by clicking on the symbol and choosing from various available FTT, CFD, DRT, and 5ST instruments.
Real or Demo Account
To switch between real and demo accounts, use the option on the right corner of the screen.
Deposit and Withdrawal
Besides the switch account button, you can access the deposit section. You have the option to choose from various payment methods including Binomo TRC20 deposit, BTC, Visa, etc., to fund your account. By clicking on the card icon, you can access the withdrawal section.
Trading Panel
The trading panel allows you to set the trade amount and duration and see your earning potential.
The “Majority opinion” helps you understand the market sentiment and decide to click buy/sell using the green and red arrows.
Timeframe
Traders can change the timeframe of the chart using the option located in the bottom left corner and choose from 5 seconds to 30 days.
Chart Type
To choose from line, candle, bar, mountain, and Heikin Ashi chart types, click the button next to timeframes.
Indicators
Binomo provides a wide range of indicators and strategies such as CCI, ADX, Parabolic SAR, MACD, RSI, and more for traders to perform technical analysis.
Drawing tools
Besides the indicators button, there is the drawing tools option that traders can use to open Fibonacci, trendline, Pitchfork, and other tools on their charts.
Trading Signals
The “Trading Signals” button in the platform's bottom-left corner can be used to receive buy and sell signals on various assets. Traders should know that these signals don’t guarantee profits.
Dual Chart Display
To analyze 2 charts simultaneously, click on the option beside trading signals.
TF Expert Suggestion
Traders on the Binomo trading platform can analyze the markets using 5 different chart types and 11 timeframes. The broker also offers a sentiment bar called “Majority Opinion”, helping traders gauge whether the market is in a fear or greed phase.
Now that you understand the platform, you should fund your account using Binomo deposit and withdrawal methods, which are detailed in the guides on the Binomo tutorial page.
