Develop your trading skills with Binomo

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Metro Manila (CNN Philippines) — Filipinos are known to be very resilient, as seen in their ability to rise above all the challenges they face, especially amid the current global health crisis.

Businesses were formed here and there while some placed their income in other investment vehicles, as they find ways to earn additional income.

But these days require people to remain cautious about where they invest their funds in, especially online.

To avoid unfortunate endings, people should only trade on a platform they really trust, and one of the platforms is here to guide them every step of the way.

Binomo is an online trading platform where Filipinos can develop their online trading skills to get additional income.

This trading platform is user-friendly that even newbies can understand how it works.

Traders also do not have to worry since Binomo is regulated by The Financial Commission. It has also received two recognitions: the FE Award in 2015 and the IAIR Award in 2016.

Online reviews are also available, where current users share their insights about Binomo. Information about the company is also available on its website.

To start your Binomo journey, head to its website or download its mobile app from the App Store or Play Store. Tap "Sign Up" to create an account. Once this is completed, you will receive a confirmation letter.

Finally, confirm your email to be an official Binomo trader!

Upon signing up, users can train themselves by getting access to a $1,000 demo account, or an equivalent amount in the currency they set up.

This practice account will help them get familiar with Binomo as it lets them try out trading strategies before switching to the real one.

Binomo also gives users unique training materials, strategies, tips, and expert comments to further hone their skills.

Want to test what you have learned? Binomo has tournaments that users can join in.

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Once traders think they have the right skills and knowledge, they can switch to their real account and officially trade with real funds, top up, withdraw funds, and activate bonuses and gifts.

Depositing may be done in several ways. In the Philippines, it can be done through GCash, cards, or banks. Minimum is $10.

Trading at the tip of your fingers

Trading on the Binomo platform, whether through a demo or real account, follows the same flow.

1. After choosing your account, select an asset or the financial instrument to use for trading. Beside each icon is a percentage that determines an asset's profitability, so the higher the percentage, the higher your additional profit will be in case of correct forecast.

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2. Set the amount to invest, with minimum at $1 and maximum at $1,000, or an equivalent amount in your account's currency. Tip: Starting small is never wrong!

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3. Select an expiration time for a trade, or the time when you want the trade to close.

4. Analyze the price movement on the chart and make your forecast. Click the green button if you think price will go up, or red if otherwise.

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5. Wait for the trade to close to find out if your forecast is correct. If you are correct, the amount of your investment plus income will be added to your balance. In case of a tie — or the opening price equals the closing price — you will only receive the initial investment. If your forecast was incorrect, investment will not be returned.

When withdrawing funds, remember that it can only be done using one of the payment modes used for depositing. This process may take up to three days or more depending on the type of account and payment system.

The minimum amount that you can withdraw on Binomo is $10, but the good thing is there is no fee when withdrawing from the platform.

Managing trading risks

Traders should keep in mind that growing additional income through trading has its risks, like failing to achieve one’s desired outcome and potentially losing all invested money.

Good thing Binomo has a Help Center where you can access risk management and trading tips when using the platform. For concerns or inquiries, you may also reach out to Binomo's customer support via the platform's chat or email.

Binomo may seem complicated at first, but it's a platform built to help even new traders to trade in small amounts, which is a start for bigger trading opportunities.

Growing additional income is really challenging. The reality is that there are risks, but there are ways where it can be done safely while also growing one's skills. Binomo is here for that.

Secure your future by establishing it today with Binomo.