Trading binary options means taking position up or down by predicting movements of the asset’s value in certain period of time. For example, now until the next 5 minutes. Exactly as its name, 60 second options means the expiry time is 60 seconds. That basically means traders can find out whether they win or lose immediately, in just 1 minute time-frame. All it takes is to predict that an asset will be higher or lower than the particular value and wait for a minute to see the result. This is a perfect strategy for people who are risky and intend to making high profits within a short time.
With 60 seconds binary options , traders are able to invest an amount of $5 up to certain amount per trade, that totally depends on brokers’ policy, for TradeRush, who are the creator of 60 seconds options, they allow up to $2500 per transaction. For the first time trying this option, traders should invest a minimal amount since there is an indissoluble link between the risks taken and potential profits. By doing so, they don’t lose too much money. They also secure relatively easy gains without waiting a long time for the option to reach the expiry date. Before trading 60 seconds options, one should make sure that he take a firm hold of charting package and understand the individual instruments they trade clearly, we recommend MT4 for Binary Options trading.
How to trade 60 seconds options
In order to trade 60 seconds binary options successfully, traders are advised to use necessary tools such as the MetaTrader chart (MT4). It allow them to respond quickly to any changes. The idea behind this trading strategy is based on speed and the ability to make forecasts about the assets in a very fast pace. It is not easy to watch out for the trends when the expiry time is only 60 second away. By using a good chart package, traders can keep an eye on the developing trends. That would ultimately prevent them from making significant losses in spite of this aggressive strategies.
If we make a comparison to Forex Trading, the 60 seconds option’s counterpart would be day trading. It famous for its high risks nature that unsuitable for some traders. There is absolutely no room for error in this type of Binary Options trading. Trader should always have a clear and sound strategy ready before they take the very first orders. 60 seconds options is the fastest way to earn money in binary option. Hoever, it is also a nightmare if one keeps making errors.
Above chart is tutorial on how to trade 60s options on Traderush. Opening long term positions allows traders to have time. Therefore able to make certain amendment in one way or another to unexpected or random changes. Hence, effectively reduce the effects of errors by using advanced trading strategies. It is essential to collect as much information as possible before taking any position.
There is no time to make adjustment at all. It’s 60 seconds and while we make any changes, the trade is probably over. For a rookie who wants to choose 60 seconds options, he/she should away test his/her strategy on a demo platform before investing.
The benefits of 60 seconds options
Although 60 seconds options have higher risks, experienced or seasoned traders who use this strategy usually gets high profits in the shortest time possible. A sound trading strategy, which is being followed strictly can open up the way to profitability in trading Binary Options.
Strongly bullish or bearish market could open up an ideal conditions for 60 seconds binary options trading. If it coincides with low market increments, traders can gain their exposure gradually without risking everything on single card. Despite the fact that this trading method is similar to gambling to a certain degree, when all facts are considered and the strategy is used properly, the risk will be manage at very low level to zero risk at all.
Nowadays, most binary options brokers provide 60 seconds binary options trading, however, we would recommend a few who are really reliable which would be 24Option and TradeRush.