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Target Profit Trading Harian – The trend of online business in Indonesia is increasing with the way people think about growth. Online trading is currently a viable option for creating rupiah accounts. Great for easy access. Online business offers everyone an opportunity to increase their wealth. It is a replacement tool.
The most talked about product in 2023 is called Binomo. What is Binomo? How to play Binomo. Is it true that Binomo can generate high profits? All these questions will be discussed in this article.
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If you want to know how Binomo works, you must first register to open an account. Signing up is very easy; It only takes a few minutes.
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After registering and obtaining an account; You will be given a demo account storage area to work from. Binomo offers a first trade of about 1000 dollars or IDR 14,000,000 on a demo account. If you want to trade Binomo with a real account, A minimum deposit of IDR 140 thousand must be made as initial capital. without capital; You can start playing Binomo. For registration process and deposit method; Read how to register and save new Binomo 2023 in this article.
Before offering a safe and profitable way to play Binomo, You must first understand the concept of Binomo trading. Here are some ideas for you.
The right way to do business. What is Binomo? In short, Binomo is another platform for businesses that allows anyone to make money for free.
Choose two options. Binomo has 20 different graphical tools to help traders analyze charts and trade history. Binomo also allows quick access to the system.
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The main thing to know in Binomo trading is how to consider price fluctuations. In this case you have to learn about technology.
Or support; resistance Oversold Technical analysis such as oversold. We will talk about technology trading at the end of the article. Most importantly, you should know in advance how to use the Binomo app. Consider the next product image.
In the picture above, You can find a chart of Crypto price groups as one of the trading instruments on Binomo. What should we do with this chart? in fact, You need to predict the future price movement of the Crypto IDX asset: will the price go up or down? ok See arrow #1; This is the current price action. Your job is also to predict future price movements. If you predict the price will rise, click the green button (see arrow #2). On the contrary, If the price is falling, press the red button (see arrow #3).
) Look at the picture above and focus on the direction of the arrow. This is the time menu in a transaction. You can choose how Fri it takes.
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You are given several time options, for example 5 seconds; 10 seconds 30 seconds 1 minute etc. In other words, your actions in a business are based on that time.
When you predict that the price of Crypto IDX will rise, Then press the green button. Within 30 seconds If the price is above the starting point (the time you choose), you will make a profit. Conversely, If the price is below the starting point in 30 seconds; You will do it.
Everyone wants to do business all the time. Yes, No one wants to lose business. Binomo is a trading platform that can be a viable business. However, If you want to make your trading activities more secure, Here are some general tips on how to play Binomo safely so you don’t lose and have a chance to win.
When you decide to trade for the first time in any instrument; A small initial capital should be used. why is that? It is intended for familiarization with trade activities. This method is very safe to prevent you from losing a lot of money. Never put all your money into trading. If you win, you will be rich. But what if you lose? Of course your money is gone. That is why it is important to deposit or invest in Binomo with a small amount of capital.
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The correct way to play Binomo is daily. weekly To determine monthly and annual profits. Why is this important? As mentioned earlier, Binomo is a business.
. High potential but high loss potential. Therefore, it is important to determine the profit for each period. As a first step, don’t aim for high profits. Worry about disturbing your mind. In addition, Make sure you’re not in a rush to make a profit. That’s not healthy.
One of the most reliable binomo tips is to keep your composure. Patience for profit is the best way to win. You Forex, When you decide to trade crypto or other assets; You realize that there are good and bad situations.
Beginners and experts will have different ways of dealing with trading activities. You have to learn a lot to control your actions and thoughts. It is hoped that the use of capital will not be wise.
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As mentioned above, the way to play Binomo is just to open a position: the price will go up or down. If you predict that the price of an asset, such as Forex or Crypto, will rise; Definitely reconsider. This is for you to choose with confidence. The best way to take a position is to understand support and resistance. It is related to the future price movement pattern. Most importantly, make sure you don’t rush into the open space.
The Binomo platform offers you a variety of trading tools. As discussed earlier, Although these are only copies of the real market. You can trade assets like forex and crypto. You can see in the picture below. In this table, There are two types of forex and crypto tools. For Forex, You EUR/USD; You can choose to trade AUD/USD etc. For cryptocurrency trading; You can choose Crypto IDX. Although there are many properties that can be traded. Tips for beginners You can try one or two average properties. If you use too many trading assets, you can lose focus. This is very dangerous for beginners.
The main goal of trading at Binomo is profit. However, if you trade without sufficient knowledge, you cannot lose. Therefore, There are many tricks and techniques to learn and master to make consistent profits. Here is the review.
What are the open positions? In other words, it is the amount of money you spend on the business. for example, In this picture you can see the total capital which is Rp. 14 million.
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The open position is the direction of the arrow, which is IDR 14,00. As a tip, use a maximum of 1% of your capital to open a position. If the initial capital is IDR 14 million, the average opening position is IDR 140,000. The lower the opening position, The safer the business.
If you have trading capital, you can have IDR 140,000. In fact, the average rate is only IDR 1,400. However, The minimum opening in Binomo trade is IDR 14,000 so you can use it. Why is the size of the trading floor important? If you trade in large quantities, your psychology will be disturbed and you will make a wrong decision. A profitable way to play binomo is to open only a few positions. That’s what happened.
For those learning the trade; Support and resistance are important metrics that market participants use to make decisions. This level is used to determine whether the price will continue to rise or reverse. If this support and resistance is combined in a candlestick pattern; You can see more price action. Support can refer to the lowest level of price movement in a given period. Meanwhile, Resistance is the highest level in price action over a specified period of time; It means the opposite. This indicator is a part of technical analysis used in trading.
If the price is at a support level. There are two possibilities: the move is up or down (break support). If the price goes up, it will continue to rise to the resistance level. At the moment, If the price breaks the support (bottom), the price will continue to fall. Same with resistance. If the price reaches a resistance level. The move goes two ways, up (breaks resistance) or down (returns to support levels). This is the basic knowledge of how to play Binomo that you need to learn more.
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In addition to understanding support and resistance; Other indicators you should be aware of are manufactured and oversold. what is this? Oversought can refer to a situation where the price is moving above the buy. In other words, the market will respond by selling to lower the price. Conversely, Oversold is a situation where the price movement is very high. In other words, the market will respond by buying to push the price up.
) RSI is a technical indicator used to measure the magnitude of price changes over a period of time and to analyze market trends whether they are overbought or overbought. The good thing is that Binomo supports RSI indicators on the platform. The RSI indicator can be seen in the figure below.
This is the smart way to play Binomo. In the trading world, there are many factors that influence market price movements. One of them is news (news). Market news is important in trading. Why is this important? Because sometimes it’s a deal.
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