60 second binary options are ideal for traders who want to be very active in the market and see results quickly, as these options expire in a minute you can make hundreds of trades per day.
As with traditional binary options, if you believe the asset will be above the current price 60 seconds from now, you will buy a call option. Selling. An accurate valuation will earn you a predetermined amount of money, usually between 60 and 70% of the money you trade. (Plus you’ll get the money you made on the trade back). Choose the wrong one and you’ll lose the amount you put in the trade.
60 seconds starts the second you trade, so if you trade at 9:45:15 AM, your binary option will expire at 9:46:15 AM and 60 seconds later.
Figure 1 Binary Options 60 Seconds
source: EasyXP
Figure 1 shows a screenshot of a 60 second binary option. The payout is 67% in this case and the target price is the current price. You want to click “High” or “Low” (not shown), which is equivalent to choosing a call or Place if you think the rate will be above the target price in 60 seconds. Choose 60 seconds, 120 seconds or 300 seconds.
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Pros
The main advantage is that you can trade as much as you want, theoretically you can trade every few seconds or generally as fast as you can click the mouse. You may see without worrying about finding an expiry time that suits your period, just click on Buy, Put or Call and wait 60 seconds. will expire within a short time
From a trading point of view, 60 second binary options allow you to effectively take advantage of strong market moves. If EUR/USD, for example, is going to have a very strong morning session, while you still need to time it. Your entry has a chance that EUR/USD will remain strong 60 seconds from now, so these options will allow you to quickly jump into the market tide and exit the trade before the reversal occurs. Big That said, you still have to use skill to determine when strength might drop, warning you it’s time to back off.
This allows you to seize every possible opportunity and possibly rack up some big daily profits.
Disadvantages
While you can trade a lot in a day with 60 second binary options and potentially make a lot of money. “Overtrading” is common amongst new traders who want to try to catch every move of the market, a good setup usually takes time to develop, so by using binary. 60 second options, you may get distracted by mediocre setups or bad trades.
The payout of 60 second binary options is also generally lower than other more traditional types of binary options in the area. 60% which means you must have a very high win rate when trading, if you lose 100% of your capital you trade with losers and only do 67% (ex) with your winners you must win 6 out of 10 trades for breakeven (small profit in this case)
last word
60 sec binary options offer reload opportunities and provide the opportunity to seize short-term opportunities Ideally, 60 sec binary options should only be used for that opportunity in the short term There is a big risk of trading binary options. Too much of this type of trading because of the possibility of instant gratification or if you lose the opportunity to “revenge trades” that you are trying to make up for your losses, this usually does not end well. Lower payouts also signal that these options should be used sparingly, in the long run you need to win about 6 out of 10 trades to break even, for a good profit your win rate must be high. Increasingly, that’s difficult if you set up overtrade or moderate trades, as with any trade, trade quality oversupply.