Binary options’ trading is simple and rewarding, and that is why it has taken on the trading world with force. One can very well calculate the probable losses or rewards well in advance. So far as speed of the transaction goes there is the 60 second binary option. It could be termed a process or even a strategy, but whatever be the case, it gives returns the fastest possible way in binary options trading.
To make money fast, rather than fast money, one must be well aware of the process and the various factors that affect that process. This is one strategy in binary options that has may have a higher risk factor than the rest of the strategies, but then that is expected if one wants to enjoy the benefits of quick returns from a successful trade.
Practice makes one perfect they say, and this is a suggestion one could take on before going live with the 60 second strategy. There are demo platforms available on the net that one could practice this strategy and improve one’s skills. So far as brokers go, there are not many who offer this option or strategy on their sites. One must know that binary options trading unlike stock trading is a completely online trading process. It is also a new form of trading, and as such there are fewer number of brokerage firms available who allow for binary options trading. Within those brokers, 60 seconds binary options trading is not so common at the moment. But the good aspect is that the brokers who do have 60 second binary options trading are of repute and standing. Chances of falling prey to scams or such other irregularities are quite low.
The concept of 60 second trading can best be explained by taking the example of the trader selecting an asset and speculating if its value will move up or down in the next minute. Remember the strategy is all how one enters the trade and compounds multiple investments. It is therefore necessary to study the trend of some assets before selecting the ones to be traded upon. Current support and resistance levels of these assets should be in one’s focus for the strategy to be used. One can find these bits of information by searching any of the media sites or the sites that are streaming financial news. There are sites where the calculated value of each of these assets is also listed.
One thereafter selects the asset which is trending, that is moving, which either could be up or down. It should be remembered that one is looking at short term movements, like that which would have occurred in the last few minutes. If we take the case of crude oil, we would check if the price of crude oil has been fluctuating in the past few minutes. If it is the case of a currency pair that is being selected, one would need to see its deviations from lines of support and resistance as well as where was the normal price of the currency pair. To give an example of how we would identify the resistance point, let us take the case of the euro which could have been trading at 1.3250 all day. If it jumps suddenly to 1.3298, the resistance point would be fixed at 1.33. It is all but sure that the euro would fall soon and that trend is also to be noted that markets and prices move in peaks and valleys rather than straight lines is a known fact of the investment field.
It is now a wait and watch policy that one needs to employ in this strategy. The wait though is 1 minute and thus the name of the 60 seconds strategy is produced. The value of the euro would rise and fall and continue this cyclic movement. The PUT button on the platform that one is using for binary options trading should have been clicked as well as the investment amount entered, in this waiting and watching time. Now when the euro starts to dip click the PUT button on the screen. One would usually be allowed a new trade to be entered after a few seconds only. One needs to keep at this ticking of the PUT button till the euro dips and stop only when the euro moves up again. By the time one cycle of such a movement ends, one would have completed about ten clicks or trades. There is a guarantee that at least forty percent of the trades that one executes in this manner would reap a profit.
There are some tools that help a trader in executing the 60 second trading strategy. There are MetaTrader charts, which is one tool that can be said to be essential. These charts help in taking quick decisions after being aware of the changes as and when it occurs. There is no other better way to monitor the movement of the assets that the trader is predicting about given the short span of time that the prediction involves.
Also the trader must be of an aggressive mind set to succeed using this strategy. Those who are the wait and watch patient traders, better not indulge in this form of trading. Traders with an aggressive mind set would take the losses that also occur in their stride and not sit back to brood over them losing out on precious time to execute more trades. There is no time for adjustments as is the case with long term trades. The need for practice therefore needs no greater emphasis. It is necessary to take into account not only one’s skill but also to test out if you have what it takes for such a method of trading.
After having mentioned the requirement of an aggressive mindset to succeed in using the 60 second strategy, it is appropriate to wind up the introduction by stating that a trader with a wide and well balanced portfolio is the one who has the highest probability of profit.
