Binomo Download In Thailand For Trading Opportunities
The human cost of the outbreak is considerably higher than that being displayed on television screens in the news, as the lives of millions of people have been directly or indirectly affected by the coronavirus. Though most speak of the death toll that is nearing the horrific two hundred thousand mark, the economic impact of the pandemic is starting to take over most news releases. Life goes on even after the outbreak, which is starting to recede and will eventually be suppressed around the world. But the question remains whether life will be the same after the pandemic ends.
It is clear even now that most of what we know today as given and granted boons of our lives will be swept away by the fear that has been instilled by the pandemic. The global political arena will be shifted beyond recognition as the virus has made it clear who is worth what and to whom. However, apart from the geopolitical impact, the economic repercussions will be far more severe for both the economies of individual countries and the world as a whole.
The major economies of the world will be reeling from the coronavirus for years, as the US alone will be displaying a drop of up to 25% in its GDP, China will be displaying its worst economic statistics in the last twenty years and overall global GDP is predicted to drop by almost ten percent. Every country will be hard hit by the cessation of production for months in China and domestically and the halting of international travel placed by quarantine restrictions.
The socio-economic impact will be severe as well, as families confined to their homes will likely be strained both psychologically and financially, making divorces a painfully common reality in the coming year. The socio-economic situation will further be aggravated by the massive loss of jobs predicted around the world. The US economy is already displaying appalling figures of three million jobless and another million are set to lose their jobs in the coming quarter.
The Thai economy will not be spared from the ravages of the pandemic, as one of the hardest hit industries will be the tourism industry and its related sectors. The closure of thousands of charter and travel destinations globally will be disrupting the entire high season of 2020, making holidays impossible for millions of people from such important destinations for the Southeast Asian powerhouse as Russia and China. The fear of infection will be forcing people to plan their holidays with other factors in mind, thus reducing the revenues of touristic sectors.
The Thai economy is likely to lose up to 10% of its GDP in 2020. And though the authorities have announced a massive aid package, it is unlikely that the cavalry will arrive in time to help the thousands of hotels and restaurants that will be forced to close.
With the closure of tourism sectors, the socio-economic impact will be aggravated as thousands of Thai citizens will be left without sources of income. However, there are ways of circumventing the negative effects of the coronavirus and unemployment that have been overlooked for years in favor of office jobs and self-employment in a variety of businesses.
The trading market is vast and is still one of the most attractive sectors for many of those seeking to generate additional income in an independent, highly predictable and relatively low-risk fashion.
Binomo Download: Thailand Opportunities
The Binomo platform is an innovative broker that offers a comprehensive and highly intuitive service for those seeking to find alternatives for generating revenues in times of uncertainty and market volatility. In fact, the multiple features offered by the Binomo platform allow its users to take advantage of volatility like never before through the use of a broad range of tradable assets.
The Binomo download Thailand section of the Binomo official website allows clients to install the Binomo application on their desktops and mobile devices and start using the user-friendly terminal after a simple registration procedure. Binomo is reliable and safe as it is a recognized member of the International Trade Commission and has obtained a category "A" status. In addition, the platform has received a large number of awards for its innovations and unmatched security.
The platform offers its users the opportunity to start trading stocks, bonds, binary options, popular cryptocurrencies and many other assets on a variety of markets. The large number of instruments available for conducting technical analysis allow users of Binomo to make accurate predictions about price movements and set their orders with relatively low-risk.
Binomo Website Features
The Binomo website is global and operates in over 130 countries. The interface is available in 15 languages, including the Thai language alongside English and is uncluttered, making operations easy and straightforward.
The Binomo Thailand section of the official website offers easy onboarding for all new clients by offering a free demo account with a $1000 virtual currency account balance before registration. The demo account allows would-be traders to first test the functions and features of the platform before actually engaging in real trade.
The registration procedure is easy and allows users to simply connect their emails to their trading address along with the provision of verifiable personal identity credentials for ensuring compliance with KYC and AML requirements. The next step after registration is the topping up of the personal account balance. Binomo does not require high entry thresholds for users to start trading, as the minimum required account balance is as low as $10. The given feature was introduced, because the minimum order size for Binomo investments is $1.
The website also offers a large number of training tutorials in video and text format. The tutorials are essential for new users to allow them to acquaint themselves with the many strategies and tools offered by the Binomo platform. Users can also learn how to use various charts and how to withdraw and deposit their balances.
Binomo App Specifics
The Binomo app is versatile by the fact that it is available on both desktop and mobile platforms operating on iOS and Android. The application is available on weekends and holidays, giving users the chance to trade non-stop, and giving them a considerable advantage.
A crisis on a global scale is hitting the world and Thailand's economy. In such times when financial stability becomes questionable, it is important to consider alternative means of income. The Binomo download Thailand section of the Binomo official website gives people the opportunity to dive into a user-friendly and comprehensive world of trading at minimum costs and with the necessary support and backing of a convenient, versatile website.
First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St.Vincent and the Grenadines
Binomo is a client oriented company, creating new possibilities in the market of leading trading technologies.
At Binomo, we've thought of everything down to the smallest detail. We provide our clients with the level of service of American and European brokers. On the road to creating a world class trading platform we feel that it is our priority to offer the highest quality brokerage services and support, including professional level tutorials, analytical services and client support.
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