60 seconds binary options are generally for those traders who want to see fast results and can stay active in the market. It is a profit-making and popular short-term strategy.
Just like another way of making an amount, binary trading is not smooth as it looks. One must invest time to learn and implement a strong trading strategy. Knowing how to trade options increases the performance of a trader.
In this article, we will talk a bit about what 60 seconds binary options are and some of the best 60 seconds binary options strategies that can be implemented. We will also talk about how to trade 60 seconds binary options successfully.
If you are just starting and want to know the basics or experiment with trading, feel free to check out and sign-up on Quotex and trade without losing any money.
What you will read in this Post
60-Second Binary Options explained
A binary option is financial importance, where you either get a fixed amount of return or nothing at all. The two important factors on binary options are the earn-or-nothing binary options and the deposit-or-nothing options.
Binary options are known by different names, such as all-or-nothing options, digital options, etc.
Coming to 60 seconds binary options, as the name suggests, 60 seconds binary option is where trading takes about 1 minute.
Meaning, when an option is bought, it takes about 1 minute for the result to come.
Many are opting for 60-second binary options because binaries allow one to make more money, but it also breaks down what is already done in Forex. Binary options are easy to understand. 60-second binary options strategy is suitable for both beginners with no experience to highly experienced professionals.
Beginners can easily earn money with a basic idea of how to trade with 60 seconds binary options. Experts use it as another root of income or passive income.
60 seconds binary options seem to be profitable and fast-paced but earning income through 60-second binary options may be unstable without a good strategy. That is why it is firmly recommended to try a new way to trade virtual accounts and then switch to real money.
It is very crucial to follow the signals when handling the 60-second binary options. Once a technical analysis is made, a trader can buy or sell after setting a specific time interval.
The binary options trading program permits you to alternate the essential graphics that you require. The most important site is to build an easy practical analysis with the help of measures with medium averages. This approach can easily increase your income by 10% at a minimum. This means that just by making a guess, a trader can increase his chances by 50%, and with further analysis, the chances grow up to 60%.
Advantages of 60-second trading
● Multiple trades– As the time frame of each trade is just 60 seconds, multiple trades can be carried out. Therefore, even if you earn minimal per trade, the sum adds up to a larger amount.
● Good mode of learning- As multiple trades are executed, you learn new insights with each trade, adding to your learning and experience.
● Less trading time- If the trade duration is more, more time is required to monitor the market changes. With 60 seconds binary options, the trade time is less.
● Market movements- Markets that move fast are highly volatile. With such volatility, you can make the most of such a fast-changing market and make profits with the slightest change as well.
● No time second-guessing- As 60-second binary options are just for 1 minute, you will not have time to guess your decisions second and get anxious.
Disadvantages of 60-second trading
● Risky- 60-second binary options can be extremely beneficial but dangerous simultaneously.
● Difficult to guess- With such a volatile market, it can be difficult to guess and predict the market movements.
60-Second Binary Option strategies:
Having multiple trading strategies makes sure that decisions are not made emotionally.
Instead, a strategy refers to having a specific calculated course of action that reaps benefits. The desire and fear of losing all of these are common emotions that arise when investing your hard-earned money and having a strategy. Instead, it generates confidence and the ability to take a calculated risk.
When trading binary options, it is even more important to use a strategy. While the software is easy to use, you can still lose a lot of money if you make poor decisions or choose the wrong trades.
(Risk warning: Your capital can be at risk)
A signal is nothing but a signal of whether a benefit price will go up or down. You can either generate or acknowledge a signal, which can be used to decide whether you should buy or sell an option.
You can produce a signal in two different methods:
1. Follow the news. If you are a beginner, news about the market can be used as a signal. Pay attention to all publicly available information, including news about industry announcements and CEO decisions, as they sometimes pinpoint whether the price of an asset will rise or fall.
2. Technical analysis- binary options and trading assets are separate things. However, sometimes the two have some common things. For example, technical analysis can be used for trading both stocks and options.
In short, technical analysis involves investigating and understanding all relevant information about an asset without considering the broader market movements.
Technical analysis is more complicated than looking and understanding the news events – one needs to be able to access an asset’s price and predict how the price will move in the future.
Beginners might find technical analysis a little too much to comprehend, but you must understand that the human brain looks for patterns and similarities in things daily. So all you need to do is understand and learn how to use charting tools and predict future prices and market movements before you get into the habit of generating signals based on the information you have gathered.
You should acknowledge what you’re more agreeable with to grow your possibilities of making profits. Learning technical analysis would be very beneficial for a beginner by practicing strategies using a demo account and trade with virtual money or dummy cash.
A lot of traders have demo accounts with virtual money for free. It’s a good option for first users to study before losing real money. This is a great way to get sufficient practice and experience before investing real money in the market.
Regardless of your approach, there needs to be a basic money management strategy to determine how much you will trade. There are many ways to manage money depending on the requirements.
The two most usual money management methods traders use are the Martingale and the percentage-based procedure.
A ratio-based method determines how much percentage of the money you should invest regarding how much money you have. Having the ratio-based method to money control is a smart decision and a good source of action when starting.
This method is slightly less dangerous as it sees how much one should add in a trade based on how much money is available in your account.
When applying this strategy, you must first think about and decide on a ratio of the funds you’re prepared to put in danger. Generally, traders decide about 1% or 2%; however, with experience, professional traders sometimes choose to risk 5% of their capital.
If you lose money, you will always have the option to invest in the next transaction because you will have less money in your account.
But it also means that you always have money in your account and can choose a higher share of capital after each successful transaction. This percentage-based method helps ensure that you are making profits consistently.
Going alongside patterns – Irrespective of what market you’re in for the resource you’re trading, one of the most amazing approaches to bringing in cash is to oblige a pattern. This is the best methodology a novice can utilize.
The prices of the asset generally move with the trend. As a result, the asset’s price, along with the associated asset, will rise or fall as the market continues to speculate in real-time.
Always remember that a trend hardly has a direct line-up or down. There is always a zig-zag design in everyday conduct – up or down. Understand the model will help you assess whether the option price will be higher or lower at maturity. This will help you be able to predict future prices based on a good understanding of the trend.
There are two ways to trade trends: you can trade general trends or swings.
- The Straddle Strategy
This strategy should use hand in hand with the news method. Trades should be made just before important press releases.
The value of the asset may rise for a short time after a message from the CEO or the latest news about the asset, etc., but you need to buy an option where the price will be returned.
- The Pinocchio Strategy
The Pinocchio strategy is quite the opposite to the straddle strategy – is the opposite of a distribution strategy – it requires conscious betting against the current trend. Basically, if a resource is encountering a vertical pattern, you should put an alternative anticipating that the price should fall.
Steps to take: 60-second Binary Options profitably
A great 60-second binary options strategy will generate a signal that helps you make money more consistently than before.
Studying, adapting, and testing different strategies is the only and the best way to find a good strategy. Any good trader will let you know the planning you will use to pave the way to your profitable success or failure.
Some strategies yield results in less time, and some strategies yield results in the long term. To recognize which strategies are suitable for the circumstances and which trades a good trader has.
Always experiment with strategies and customize them virtually. Only then implement the same strategy with real money.
How successful are 60 Seconds Binary Options traders?
Binary options trading is proclaimed by that one considers it as a high prize. Often it is workable to receive a good ROI. This high average return makes this type of trading very attractive to many experts and beginners alike.
Can I expand a 60 Second trade?
The answer is No. As the name suggests, the whole idea behind the 60 second trade is that you only have one minute to make a profit or a loss. Therefore, it is very doubtful to find any Brokers who will tell you to increase the expiry duration on a 60 Second trade because these trades are organized that way.
So if you want to get lots of long-term deals, you can always opt for lots of long-term deals.
Can I test out 60-second trades?
It would be great fun to make some demo trades with imaginary money when you consider trading 60 second binary options for the first time instead of immediately placing them in a real money trading environment. So here’s how you can try it and not lose real money as well.
Remember that using the strategy once will not pay off. Repeat trading in practice and adjusting the strategy is the only way to know how well the strategy is working for you.
Jumping from one idea to another won’t help. But sticking to the strategy and optimizing it according to your needs almost always yields a profit.
Now that you have learned some of the best binary options strategies in 60 seconds test them and master them with the help of a demo account. You will definitely be ready to market in no time!
(Risk warning: Your capital can be at risk)