Trading Binary Options on Android
It often happens that the process of making profit on binary options is so captivating for traders that they cannot tear themselves away from their monitors to deal with their daily routine. However, it is not a surprise, because even a minute spent for options trading near a computer is converted into a certain amount of profit, which nobody wants to lose. But there is life outside of options trading, and this means that we will have to forget about it for a while. However, in this aspect, traders now have the opportunity to do options trading without being tied to their home computer. Mobile versions of the trading terminals have already started to appear on the market, where it is possible to perform binary trading at any place with the Internet. Today we will look at the main differences between mobile trading and trading on classic trading platforms.
We will tell you about the nuances of mobile trading on the example of the platform Binomo in the form of an application for Android. This application was seen by the option world relatively recently, but today, experts have already recognized it as the most advanced product. This is the interface of the Binomo mobile platform:
This mobile app is free of charge download and install from GooglePlayMarket on any gadget that runs on Android.
In general, the mobile platform of Binomo is just a mini-copy of the real broker’s platform. Now let’s understand all its nuances in more detail. So, the first thing traders are usually interested in is the way they manage their finances. In this regard, the application contains a special section, the headings of which are similar to the “Cashier” section on the regular platform:
Funds are credited and withdrawn on the mobile platform in the same way as on the real one.
And now let’s look at the trading services of mobile trading, which directly affect the success of trading. What is available to the trader on the Binomo mobile terminal?
Many people immediately notice the ability to change the type of quotes chart display in the application. In other words, using candlestick charting, you can effectively perform technical analysis and correctly predict market trends. Traders who have mastered trading based on candlestick patterns and shapes may not even notice the difference between the main and mobile versions of the terminal. Of course, fans of indicator strategies will have to give up their addiction, because these analysis tools are not provided in the mobile terminal. Of course, this is a disadvantage, but in this case the “Majority Opinion”, a statistical indicator that quite effectively shows the general mood of the market participants of a particular trading asset, comes to the rescue. It also simplifies trading. In addition, the Binomo company has also taken care of the fact that its clients have the opportunity to trade on several underlying assets at once. Thus, 4 active charts are available for trading in the mobile application itself. So, in general, the mobile platform and mobile trading differ only in the absence of indicators. And in everything else, from Binomo trading conditions to option yields and speed of transaction execution, everything is absolutely identical.
Another important nuance is that trading binary options will be available to you on your trading account. That is, you will not need to open another trading account to use the mobile platform.
So, in the end, we get nothing but solid benefits! Since mobile trading will not differ from classic trading, we will not only have more time for our favorite activity, but also more income. But most importantly, it will be its own trading platform, which will just always be there in our pocket!
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Reviews
If I am going to trade binary options, it will only be on the IOS operating system. Lately.
I never liked Android.
Apparently you have never had a good Android device in your hands, if you say so. The flagship models work very well and are a pleasure to use.
And what about IOS. There are a lot of mobile devices on this operating system now, so if there is such a thing for Android, it should appear on IOS as well.
It is not for nothing that today we have replaced the usual button phones with gadgets that can be used to perform all the same operations as on a computer. It is great that mobile technology is not standing still.
Technologies do not stand still, so it is very good that most normal brokers now have mobile applications on which you can trade. By the way, it is much more convenient and pleasant for me to trade from my phone than to sit in front of a monitor all the time. You can’t take your computer with you everywhere, but your phone is something that is always close by.
Well, it is good when your phone is modern and fast. On many even modern smartphones, the internet is very slow, so you don’t get much pleasure from such trading.
Here the Internet is good is not necessary, the main thing is that it just was, the speed of the Internet on the application does not affect the work of the application in any way, at least I have not had such problems.
I used to think that trading binary options is better on a PC when you have a big monitor in front of you, but now that I’ve traded a little bit on a smartphone, my opinion has changed a little bit)))))