This paper investigates the squeezing properties of an atom laser without rotating-wave approximation in the system of a binomial states field interacting with a two-level atomic Bose-Einstein condensate. It discusses the influences of atomic eigenfrequency, the interaction intensity between the optical field and atoms, parameter of the binomial states field and virtual photon field on the squeezing properties. The results show that two quadrature components of an atom laser can be squeezed periodically. The duration and the degree of squeezing an atom laser have something to do with the atomic eigenfrequency and the parameter of the binomial states field, respectively. The collapse and revival frequency of atom laser fluctuation depends on the interaction intensity between the optical field and atoms. The effect of the virtual photon field deepens the depth of squeezing an atom laser.
