A couple of years earlier, people have started trading binary options. And today, it has become a popular way of earning money. That’s because this trading works on the simple proposition of yes and no.
Binary options trading is not only easy to execute but also simple to understand. Whether new or professional, any trader can make a huge amount of money simply by speculating the price movement of an item.
Besides the simplicity of binary options trading, another thing that traders like about it is its short-term trading strategy. With 60 seconds strategy, traders can exit the market in less than a minute with a huge profit.
But what is a 60 seconds binary options strategy? How does it work? What are its benefits and limitations? Well, you can read this guide to find all the answers to these questions and more.
What is 60 seconds trading?
Sixty seconds binary options trading is a way of investing in the market that offers fast results. It is excellent for traders who want to make quick money without staying for too long in the market. But this trading is not easy.
Since traders are required to leave the market in less than a minute, they must analyze the market and understand the price movement of the given asset correctly. That’s because even a minor mistake can make them lose huge money.
Sixty seconds trading strategy is also known as a short-term trading strategy. New traders must stay away from this trading technique because the risk of losing money with this trading strategy is more.
If you want to try your luck with 60 seconds trading strategy, you must choose a reliable trading broker. That’s because, in this trading, everything happens so quickly. And if the broker is slow, you might not do real-time trading. Thus, you will lose.
So, once you have become familiar with this trading method and have found an excellent broker, you can try one-minute binary options trading.
How does 60 seconds Trading Strategy work?
Sixty seconds trade works in the same way as other binary options trade. Here trader needs to predict whether or not the price of a given asset will move up. Based on the speculations, a trader quickly needs to make a move.
If you want to win a 60 seconds binary options trade, you must have a clear strategy. Additionally, you must make a quick decision. Although this trading strategy requires you to make quick moves, it’s better not to rush to enter every trade. That’s because then you will suffer a significant loss.
Before entering the trade, it’s essential to spot the trend, track the price movement, and analyze the market to understand your chances of winning.
For instance, if there were two down-movements in the price trend in the last two minutes, you can place a put trade. This way, your chances of winning the trade increase. Similarly, you can choose a call trade if there were two or more up-movements.
If your trade end “In the Money”, you will get around 70% to 90% returns of what you have invested. However, if your trade was unsuccessful, you will lose the same amount of money.
Best 60 Second Trading Strategy
The world of one-minute binary options trading moves very quickly. And to move in the winning direction, you must develop a solid and detailed plan.
There is no best one-minute binary options strategy, but you can get precise details of the trading world using support and resistance. This rule says that the price of an asset always comes back to its original value.
The level of support and resistance is the frame inside a limit where the price of a given asset moves. For every time frame, there are different levels. If the time frame is less, the price of the commodity will go beyond.
Traders can also use a candlestick chart for doing 60 seconds binary options trade. Through a candlestick chart, traders can see the price trend of commodities in a better way.
Once you have found a trading strategy, make sure that you stick to it. No matter how you feel about the trade, if numbers and indicators tell something, do not overlook it. This will help you avoid costly mistakes.
60 Seconds Binary Options with indicators
Here are a few popular indicators that you can use for 60 seconds binary options trading.
Relative Strength Index
Out of all the available indicators, RSI (Relative Strength Index) is the most trusted one for 60 seconds binary options trading. Using this instrument, a trader can make a winning trade within one minute.
This instrument of technical analysis shows every possible change of trend in the market. RSI has two different fields, i.e., overbought and oversold, on which the complete technical analysis is based.
In the RSI, if the curve chart leaves the oversold field in the bottom-up direction, that means you can trade for the purchase, i.e., call. Similarly, if the curve leaves the overbought zone, you can trade for falling, i.e., put.
To increase your chances of winning, you can use the following settings. Chart period- 10 seconds, RSI setting- 18, overbought- 70%, oversold- 30%, and option period- 1 minute.
Besides RSI, another popular indicator used for 60 seconds binary options trading is Ichimoku. This indicator is seen in terms of clouds. If the indicator curve comes out of the cloud in the bottom-up direction twice, traders can buy the put option.
If the opposite of this situation happens, traders can buy the call option. If the price continues to move in the same direction, traders will make a significant profit.
Bollinger Bands Indicator
The next indicator that traders can use for 60 seconds binary options trading is the Bollinger Brands Indicator. This indicator helps the trader to mark a break while the price of an asset is moving.
60 Seconds Binary Options without indicators
While some traders prefer indicators for doing 60 seconds binary options trading, some strategies do not need indicators. If you want to trade without using any indicators, you must analyze the market properly through trading charts.
Important Aspect Of 60 Seconds Binary Options Trading
Before you start trading, it’s essential to select a broker and register yourself with it. Right after registering, it’s not wise to trade using real money. You can use dummy money to get an understanding of the 60 seconds trading.
Trading in the demo account will help you know how reliable the platform and its interface are. Additionally, it’s not recommended to trade 60 seconds binary options more than 2% of the amount that you have in your broker’s account.
Brokers With 60 Seconds Binary Options
It’s necessary to trade with a reliable broker to make a profit from 60 seconds binary options trading. Here are some trustworthy brokers to choose from.
IQ Option is the first broker that you can choose for trading 60 seconds binary options. Launched in 2013, this broker is widely popular among traders as it has a 95% success rate.
This well-known broker is regulated by CySEC and offers different kinds of assets to trade-in. Another exciting thing about IQ Option is its low deposit fee.
The minimum deposit amount is $10, and after paying this amount, you can get access to the demo account with $10,000 dummy money. Once you are registered with IQ Option and have deposited the minimum amount, you can start trading different assets for as little as $1.
Another trading broker that is popular for 60 seconds binary options trading is RaceOption. It was launched in 2017 and it is packed with state-of-art technology that can make your options trading easy and quick.
To register yourself with RaceOption, you can visit its website, enter the required details, and pay a minimum deposit of $250. Once you have funded your broker’s account with the reasonable minimum amount, you can start real trading with as little as $1.
RaceOption offers a demo account, multiple bonuses, and promotions.
BinaryCent is another trading broker that you can choose for 60 seconds binary options trading. It was launched in 2016 and it offers different assets to trade in, like CFD and forex.
This easy-to-use platform requires a minimum deposit of $250 and gives assess to three different trading accounts, i.e., bronze, silver, and gold. Each account offers a welcome bonus.
BinaryCent has a 95% return rate, and it lets you start trading from as low as $0.1. This trading broker is easy to understand and simple to trade with. Also, it is regulated by VFSC.
If you want to do 60 seconds binary options trading with a global broker, you can choose ExpertOption. This broker is available in 48 countries, and it offers multiple assets to trade-in.
It gives six different trading accounts that you can access by paying different amounts. You can open an account with ExpertOption by depositing $10. It also has a social trading platform that you can use to learn from VIP traders.
ExpertOption is a legal trading broker, which has a good interface. That means you can do real-time trading without any delay.
Who should implement 60 seconds Binary Options Strategy?
Make sure you are one of these traders to avoid losing money while trading 60 seconds binary options.
If you are a short-term gainer who doesn’t want to stay in the market for a long time, then 60 seconds trading strategy is perfect for you.
High-Volatile Asset Trader
If you like trading high volatile assets like cryptocurrencies, you can take the help of 60 seconds trading strategy. But if you are not familiar with the asset, you must think twice before making a move.
Act on Small Market Movement
If your trading moves depend on small market movements, you can use 60 seconds binary options trading. That’s because minor ups and downs in the market can help you win huge money.
If you trade multiple times a day, you can use 60 seconds binary options trading strategy to exit the market quickly.
Who Should Avoid 60 Seconds Trading Strategy?
Although 60 seconds trading strategy is getting popular, it’s not for every trader. If you are one of the following traders, you must not use 60 seconds binary options trading.
If you are new to the binary options trading world, you should avoid using 60 seconds trading strategy. That’s because you might not have a deep understanding of the market. And without proper knowledge, you will lose.
If you are a long-term trader, 60 seconds trading is not for you. With this trading strategy, you can only make small profits.
Interested in Higher Payouts
If you are interested in higher payouts, you should try investing in long-term trades rather than 60 seconds binary options trades. That’s because the payout rate of small-term trades is 10% to 20% less than long-term trades.
Trading Depends on Trading Signal
If you follow any trading signal, you should avoid trading 60 seconds binary options.
Advantages of 60 seconds Trading Strategy
Here are a few advantages of 60 seconds binary options trading.
- You can trade multiple times in a day.
- You get different assets to trade.
- Sixty seconds binary options trading strategy offers a better trading experience.
- You can make the most out of small market movements.
Disadvantages of 60 seconds Trading Strategy
Along with advantages, this trading strategy also has certain limitations.
- A significant drawback of 60 seconds trading strategy is that it is risky.
- It’s tough to speculate the accurate price movement of assets.
- Over-trading can make you lose a massive amount of money.
Sixty seconds binary options trading strategy is an excellent way of earning huge profit in less than a minute. But it is essential to analyze the market correctly to increase your chances of winning using this trading strategy.
For staying away from loss, you can develop a detailed strategy. Moreover, you should avoid over-trading.