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When trading on Binomo, analyzing the market is important. However, it’s equally important to focus on finding a useful strategy for trading. Considering the market’s volatility, using a strategy that suits your approach can help maximize profits and reduce losses.
That’s where the Binomo 5-minute strategy can bring you results. The flexible nature of the short-term trading strategy reduces risks and allows you to be on top of market trends. Pair it up with the right settings, and you have a winning strategy in hand.
We stop promoting and recommending Binomo anymore after banning our partner’s account for no reason. Choose a better alternative like Quotex or Pocket Option to trade!
Choose the best alternative to Binomo:
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits/withdrawals
- Social Trading
- Free bonuses
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits/withdrawals
- Social Trading
- Free bonuses
from $50
(Risk warning: Trading is risky)
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
from $10
(Risk warning: Trading is risky)
What you will read in this Post
What’s Binomo’s 5-minute strategy?
Working with a 5-minute trading strategy is exactly as it sounds. In this strategy, an asset exists for just five minutes. This means you’ll have to predict the financial asset’s price, whether it’ll rise or fall before the period expires.
If you’re looking to improve the success rate of your trades, this strategy might prove to be the most profitable. It makes efficient use of your trading indicators and has a better success rate than other strategies. That’s especially true if you’re trading against high-volume stocks or low-volatility currency pairs.
The Binomo 5-minute strategy is also ideal for newbie traders. It creates the perfect environment for learning market risk management and technical analysis. Moreover, the trading strategy allows you to complete multiple trades each day and increase profits.
During the rise and fall, if the strength of the impulse is greater along with higher inertia of the market then the chance of closing the trade with a profit is also high.
We stopped promoting Binomo, choose a reliable broker now:
(Risk warning: Trading involves risks)
Best 5-minute strategies
You need the perfect trading strategy to make a winning bet on trading with forex, indices, or commodities. Some of the best strategies to follow are:
#1 Candlestick strategy
Candlestick charts can help traders easily understand market conditions. It gives traders an instant perception of the market and helps them predict the prices of assets more accurately. This becomes exceedingly important for traders when investing in fast-moving markets.
When using this particular trading strategy, keep in mind that the signals on hourly charts aren’t as strong as those on daily charts. Increasing the chart’s time frame to fifteen minutes is a good idea to get a broader market view. It can help you to spot support levels and resistance.
#2 Price Action strategies
The Price Action strategy for binary options trading makes understanding the market simple. The traders only need to pay close attention to price action to make accurate trading decisions. With the price action strategy from Binomo, you can work with various chart sets. It shows the real-time change in prices of assets using different symbols- flags, triangles, diamonds, etc. The patterns indicate the price trends and aid easy comprehension.
We stopped promoting Binomo, choose a reliable broker now:
(Risk warning: Trading involves risks)
#3 Momentum strategies
Another useful strategy for 5-minute trading is adopting the Momentum or Swing strategy. To put it simply, momentum refers to the force necessary to shift a commodity’s price in the market. If the momentum shifts too much, the market price swings in the other direction. We consider the number of people and the money that carries the price in a direction for calculating the force.
#4 Trend following strategies
With the entrance of new money into the market, momentum is very common to build up. This leads to the establishment of a trend in the market. It’s a systematic and periodic movement where we can see the longer terms moving in one direction. At the same time, the offset nearer terms start moving in the opposite direction.
Like any other aspect of technical analysis, trends can be predicted and measured. If you’re a beginner and new to Binomo, it’s best to trade according to the trade to maximize profits.
We stopped promoting Binomo, choose a reliable broker now:
(Risk warning: Trading involves risks)
Market indicators to follow
There isn’t just one to talk about regarding market indicators. To get the most out of your 5-minute trading strategy, it’s better if you pay close attention to all of them.
Pivot Points are among the most helpful indicators for traders interested in short-term trading. The indicator is useful for determining turning points in price action in the market and is ideal for 5-minute trading. For instance, if you find the price to hover around the pivot point, the price trend would get stronger.
Bollinger Bands are an effective indicator that a 5-minute trading strategy trader can use. Bollinger Bands are useful in measuring the market’s volatility and learning about market trends.
Generally, when the market moves, it creates newer opportunities for trading. Using Bollinger Bands, a trader can learn about the market’s movement and make the most of the opportunity. Generally, you can understand the market’s volatility by studying the width of the band. A narrow strip foretells a quiet market, while a broad one signifies a more volatile market.
Moving Averages- It’s the preferred strategy of traders for identifying the initial trend. Once you’re aware of the market trend, you can decide whether to buy or sell your asset better. Moving averages are useful for short-term trades, although traders can also use them for long-term trades.
We stop promoting and recommending Binomo anymore after banning our partner’s account for no reason. Choose a better alternative like Quotex or Pocket Option to trade!
Choose the best alternative to Binomo:
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits/withdrawals
- Social Trading
- Free bonuses
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits/withdrawals
- Social Trading
- Free bonuses
from $50
(Risk warning: Trading is risky)
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
from $10
(Risk warning: Trading is risky)
Settings for the trading platform
With the 5-minute trades, the trading takes place after 30 seconds. However, you can also scale instead of choosing a currency pair by going with CRYPTO IDX. You can also reduce the timeframe to 15 seconds from 30 seconds and expiration to two minutes during the trade. This simple tweak will help you receive twice the signal without compromising its accuracy.
The rules for money management when trading is standard on the platform. The value recommended for each trading contract is 0.1-0.5% of the account’s balance. However, that’s only possible with capital ranging between $ 200 and $1000.
Trading signals for the strategy
For the Binomo 5-minute strategy have MACD at standard settings and Momentum at 8. They correlate to one another and fit within the permissible limits.
When there’s an increase, the MACD lines intersect while the histogram’s color changes to red. It confirms the transition of the Momentum in the bottom half of the screen, in the negative plane. Whereas for the decrease, the opposite happens.
We stopped promoting Binomo, choose a reliable broker now:
(Risk warning: Trading involves risks)
