Connect with us

Demo Trading

Binomo Online Trading Platform Gives People Opportunity For Extra Income | Forbes India

Click here to see Forbes India’s comprehensive coverage on the Covid-19 situation and its impact on life, business and the economy

binomo_3-900x600

The whole world is in a churn today. Now everyone understands the obvious health risks abound in the current situation and are taking a lot of precautions to ensure good health. With the economic slowdown spreading worldwide due to lockdowns, almost everyone is also aware that they need to become smarter with their money and use it judiciously.
People wish to maintain their lifestyle and not just give up. They are actively seeking alternative means to generate some extra income. They are willing to put in the effort as they can see their savings are not earning enough interest to even compensate for normal inflation.
Today, everyone is looking at options to better use their savings so as to generate capital. No wonder then, many Indians are turning to online trading platforms, which are gaining popularity in India as they offer a viable investment and earning potential to everyone.
One such online trading platform, Binomo India, has gained rapid foothold in the Indian market. Binomo is an Online Trading Platform that allows everyone to earn additional income from the comforts of their home by leveraging upon worldwide financial markets. Users seem to love the fact that Binomo’s trading strategy application offers them an opportunity to learn how to trade and benefit from global markets.

binomo_2-900x600

Binomo, a global major in online trading is now available to Indians with its online trading platform that is renowned for its honest trading practices. It is a solid company ready to help its users to get extra income and it also helps them to get through boredom of staying at home every day. Binomo enables its users to trade, and invest from the comforts of their home using the Binomo App.
Binomo owes its popularity to its easy to use platform and extensive training modules including a demo account with demo funds, which a person can use to understand how the platform works. It encourages users to develop their skills and train using the free demo account, and once they feel ready they can open a real account. Binomo offers online trading with minimal risks from anywhere including one’s home.  
All this makes Binomo an extremely logical choice for beginner traders. The robust platform offers everyone a demo account to practice online trading on the Binomo App, which is available to users of both Android and iOS devices.
The Binomo trading platform can also be accessed on the web. The Binomo website is highly suitable for those who like the comfort of using their Laptop or big screen desktops. However, thousands of Binomo users spread across the world confirm that they find Binomo’s mobile trading experience highly satisfactory and convenient to use as it allows them to keep an eye on their investments even while on the move. 
Depending upon the account type, Binomo offers 50+ Trading Assets including popular currencies, crypto-currencies such as Bitcoin and Litecoin, stocks, shares, commodities and other assets available for trading. It offers a great way for a person to start investing small and learn how online trading works, then work their way up to bigger trades.

binomo_1-900x600

 
The Binomo demo account is easy to understand because of its very intuitive interface and online tutorials. Even the most novice, or first time trader, can start using the Binomo demo account with ease. Binomo also offers 24-hour online assistance where users can ask any queries they might have. To top it all, the special promocode on the banners will get a +100% on the first deposit. This promotion will be available only until August 15, 2020.
Everyone who makes it a point to spend time studying how the platform and different investment strategies work, eventually benefits from the immense investment opportunities that Binomo trade offers. Binomo training has helped thousands of users worldwide to master online trading. 
Binomo helps its user base to work with short-term contracts or specific financial derivatives. People can study and learn about a variety of financial instruments or financial products offered in the global markets that they can invest in using the Binomo platform.
Binomo was the broker of the year at the 2016 IAIR Awards and named the best broker for beginners in 2015 at the FE Awards. Binomo has all licenses and certificates from The Financial Commission.
For more details on Binomo, or to join millions of Binomo traders worldwide who have already made sure of the fairness and effectiveness of the Binomo app, you can open a demo trading account with Binomo by logging on to www.binomo.com
You can also download the Android version of the Binomo App from the Google PlayStore  or the iOS version from Apple’s App Store.
[youtube https://www.youtube.com/watch?v=pYfw2QXWDXs] Disclaimer: The views, suggestions and opinions expressed here are the sole responsibility of the experts. No Forbes India journalist was involved in the writing and production of this article.

Click here to see Forbes India’s comprehensive coverage on the Covid-19 situation and its impact on life, business and the economy​

Continue Reading
Advertisement

Broker news

Donald Trump blasts ‘fools’ who oppose good Russian ties

US President-elect Donald Trump has posted a progression of tweets censuring the individuals who contradict great relations with Russia as “‘dumb’ individuals, or nitwits”.

Mr Trump promised to work with Russia “to comprehend a portion of the numerous… squeezing issues and issues of the WORLD!”

His remarks came after an insight report said Russia’s leader had attempted to help a Trump race triumph.

Mr Trump said Democrats were to be faulted for “gross carelessness” in permitting their servers to be hacked.

In a progression of tweets on Saturday, Mr Trump said that having a decent association with Russia was “no terrible thing” and that “lone “idiotic” individuals, or simpletons, would believe that it is awful!”

He included that Russia would regard the US increasingly when he was president

Continue Reading

Broker news

Bulls and Bears Took on More Currency Exposure in Week Through January

he most striking improvement among theoretical situating toward the finish of a year ago and the primary session of 2017 is not that modification were little. There was just a single gross theoretical position modification of more than 10k contracts. With sterling apparently not able to maintain even humble upticks, the bears added 13.1k contracts to the gross short position, lifting it to 120.2k contracts.

Or maybe, it is eminent that examiners for the most part added to positions, long and short, as opposed to close positions at the very end of the year. Examiners added to net long outside cash prospects positions, aside from in the Japanese yen and Swiss franc where 2.6k and 2.5k contracts were exchanged separately. Examiners likewise added to gross short positions. Here there was just a single exemption, the Japanese yen. Despite the fact that the dollar shut comprehensively higher in front of the end of the week, every one of the monetary forms we track here, spare the Mexican peso, picked up against the dollar in the three sessions since the finish of the CFTC reporting period.

Every once in a while it is helpful to review why many market members take a gander at the theoretical situating in the cash fates advertise. It is not that the outside trade is essentially a prospects showcase. It is principally an over-the-counter market in which every day turnover midpoints in abundance of $5 trillion a day.

Trade exchanged monetary forms and alternatives represented around 3% of the normal day by day turnover as indicated by the BIS study. Be that as it may, past reviews have discovered some contemporaneous connection between’s market heading and net position changes. We think it additionally offers knowledge into a specific market section of pattern supporters and energy brokers. It is not by any means the only device, yet one of a few data sources.

One ramifications of this is albeit theoretical positions in the money fates market are moderately extensive, it is still little contrasted and the money showcase. Along these lines, it is difficult to see the genuine essentialness of a record vast position, as though there is some market top. At some point, examiners are not driving the costs, possibly there is another fragment, national banks, enterprises, as well as genuine cash that is more essential at any given minute.

We invest some energy taking a gander at gross positions instead of just net theoretical positions, which is the more customary approach. We think a more granular look is frequently fundamental. There is a distinction between short-covering, for instance, and new purchasing, however it appears to be identical in the net. Additionally, the gross position is the place the introduction is not the net position. A net position of zero does not mean the market is nonpartisan. Net positions could be huge, which implies a short press or a negative stun could in any case troublesome. The positions that must be balanced are captured in the gross measure not the net figure.

We find numerous customers are likewise keen on theoretical situating in the US Treasuries and oil. The net and gross short theoretical Treasury position has swelled to new records. The bears added 23.8k contracts to the as of now record net short position, lifting it to 616.2k contracts. The bulls attempted to pick a base and added about 20k contracts to the gross long position, which now remains at 471.2k contracts. These modification prompted to a 3.8k contract increment in the net short position to 344.9k contracts.

The bulls delayed in the oil prospects toward the finish of 2016. They exchanged short of what one thousand contracts, leaving 608.1k gross in length contracts. The bears added 4.1k contracts to the gross short position, giving them 168k. These conformities trimmed the net long position by very nearly 5k contracts to 440.1k.

Continue Reading

Broker news

3 ways to profit in the ‘year of the dollar’

In December, the Federal Reserve raised loan fees for the second time since the Great Recession and included the desire of a 2017 financing cost climb to its gauge. Furthermore, only a couple days prior, the abundantly anticipated minutes from the most recent Fed meeting demonstrated the most hawkish tone from the national bank in two years.

In the meantime, Europe has been dove into political turmoil after a year ago’s Brexit vote and the later abdication of Italy’s leader. Somewhere else, the Bank of Japan proceeds down the way of negative rates and forceful security purchasing.

Put it all together, and it isn’t astounding that the U.S. Dollar Index is up against 14-year highs.

Speculators may have missed so much discussion on account of babble about the Dow Jones Industrial Average at the end of the day almost hitting 20,000. Be that as it may, paying little respect to your assignment to stocks or your venture skyline, this sort of huge picture incline in the dollar implies right now is an ideal opportunity to position your portfolio to benefit and, maybe most critical, to keep away from a portion of the pitfalls that can originate from a solid local cash.

Here are a couple ideas dollar exchanges ought to consider:

Residential plays over multinationals

There’s a considerable measure of seek after shopper stocks in 2017 on account of an enhancing work market and any desires for a jolt under a GOP-controlled Congress and President Donald Trump. In any case, remember that not all retailers are made equivalent especially those with abroad operations that are adversely affected by the wide dissimilarity in monetary standards at this moment.

For example, retailer Wal-Mart Stores Inc.(WMT) said troublesome money trade rates shaved very nearly 2.5% off profit for each partake in the second quarter of 2016. On the other hand consider that in the monetary final quarter of 2016, athletic attire goliath Nike Inc.(NKE) saw its income development cut down the middle because of forex weights, from 12% year-over-year in consistent cash measures to only 6% including real money changes.

To take advantage of the “reflation” exchange that numerous financial specialists are counts on in 2017, you need to represent the headwinds that a solid dollar are making for multinationals at this moment. The most ideal approach to do that is to consider customer plays that do by far most of their business here in the U.S. – for example, Foot Locker Inc.(FL), which has been an uncommon splendid spot in retail throughout the most recent couple of years.

Supported money ETFs

Obviously, in the event that you need a steady portfolio, you can’t just purchase just local centered values. Geographic expansion is similarly as imperative as enhancement crosswise over parts and resource classes. Such a large number of financial specialists keep on holding worldwide plays in light of a legitimate concern for a balanced portfolio, regardless of the possibility that it implies battling a daunting struggle as a result of a solid dollar.

The uplifting news, notwithstanding, is that you don’t need to leave yourself to torment through a solid dollar and a powerless euro when you put resources into Europe. Nor do you need to stress over the yen-dollar conversion standard when you put resources into Japan. That is on account of there’s an entire group of cash supported ETFs to permit financial specialists to put their cash in outside business sectors yet keep away from forex issues.

Consider that Japan’s Nikkei 225 file is up around 25% from its July 2016 lows. The WisdomTree Japan Hedged Equity Fund(DXJ) is up 35% in a similar period on account of assurance from forex issues and a somewhat better-performing rundown of stocks – while the non-supported iShares MSCI Japan ETF(EWJ) is up only 10% in a similar period because of battling a difficult task against a solid dollar.

In the event that you need to differentiate your portfolio comprehensively, you ought to consider supported assets that incorporate the Japan-centered DXJ, the WisdomTree Europe Hedged Equity Fund(HEDJ) to play Europe or the iShares money Hedged MSCI EAFE ETF (HEFA) for developing markets.

Dollar list ETF

In the event that you are searching for an immediate play on a rising dollar as opposed to putting resources into stocks, figuring out how to exchange remote trade can appear like an overwhelming undertaking. Gratefully, there’s the PowerShares DB US Dollar Index Bullish Fund(UUP).

This ETF is attached to the U.S. Dollar Index, which is a measure of the greenback against a wicker container of other worldwide monetary standards including the yen and the euro. It’s a straight money play, however that doesn’t make it straightforward or hazard free. In the event that the dollar debilitates, you’ll lose cash similarly as though you’re putting resources into a stock that has fallen on difficult circumstances. Furthermore, obviously, PowerShares takes a little cut of your speculations en route that indicates 0.8% yearly, or $80 a year on each $10,000 contributed.

Still, in the event that you need to conjecture on the dollar or support against a solid U.S. cash keeping down other worldwide ventures on your rundown, it’s maybe the least demanding approach to do as such for generally financial specialists.

Continue Reading

Trending