60 Second Binary Option Trading Strategy
One of the newest innovations in effective trading is the 60 second binary option trading strategy. This strategy specifically targets those who want to earn money faster by trading a short expiry time of only one minute. This type of strategy takes advantage of the price fluctuations which are always evident in the markets.
The 60 second binary option trading strategy also enables traders to make a lucrative return on their investment – between 60 to 80% on their original investment amount. In addition, traders can also invest as little as $5 on each trade while some brokers even offer trade for $1.
The 60 second binary option trading strategy has three important advantages over other types of binary options trading as follows:
• Obviously, this type of trade only takes a short amount of time compared to other trade options which can expire after a longer period such as one hour, one week, one month, and right up to a year.
• With this shorter duration, traders are able to make numerous trades within a short period of time. This is a big advantage especially when an asset’s price is trending in a specific direction.
• With the 60 Seconds trade option, a trader’s investment amounts are not locked in for long periods of time.
If this is the first time that you trading binary options, you might feel confused and overwhelmed. For this reason, it is best to start with a demo trading account which enables you to familiarise yourself with the trading platform as well as the different types of assets and trade options.
Before you start trading, make sure that you have a trading plan to follow. In this way, you will avoid losing money unnecessarily and you will have a clear framework in which to trade. That is, you need to decide how much you want to invest each day, what strategies to use, when to trade and more.
A systematic approach to trading is always a key factor to success. The most successful traders do not subscribe to the gambler’s mindset of just relying on pure luck.
You will find a lot of different trading brokers online that will tell you that they know the secret to choosing the best 60 second binary option trading strategy which you can apply to ensure your financial success. However, a lot of these are not reliable and can even be financially dangerous for you. Here is a safe process you can follow to get started with your one minute long trading:
• Look for underlying assets that are trending within a specific direction such as upwards or downwards. These are usually the assets you can earn some good money from.
• Check the asset’s popularity indicator or trader’s choice which can be found on the trading platform. The popularity indicator is there to provide you with some insight as to market sentiment. That is, how many traders selected the Call option compared to those who selected the Put option.
• Select an asset you have some knowledge of. It is always best to trade an asset that you have some insight as to which direction the price of the asset will move in the future. Also, only trade a few assets at a time. Once you have mastered the 60 second binary options trading strategy, you can then move on to other assets and trade options.
Succeeding in anything that you want to pursue is always possible. When it comes to financial success in the online trading world, there are ways for you to keep track of risks and your trading capital and to take advantage of the fluctuations that occur in asset prices.
One of the best ways to ensure financial success is by trading binary options. The reason for this is that this form of trading is easy to do and it offers traders the opportunity to trade with fixed returns and fixed risk.
These options are called “binary” because there are only two possible outcomes from any trade. You can either acquire the predetermined profit percentage as offered by the broker or you can lose your invested amount.
One of the most common options in binary options trading is the Call/Put trade option. A trader will make a Call option trade if they believe that the asset they are trading will have a higher value when the option expires. On the other hand, a trader would choose the Put option trade if they believe the opposite; that the asset’s price will be lower in value as the trade expires.
There are numerous online trading platforms where binary options can be traded. On most of these platforms, traders are provided with a choice of global assets to choose from, a selection of trade options such as Call/Put, Ladders, Pairs etc., a list of expiry times and dates, the freedom to choose the amount they wish to invest in the trade and then the final step, to make the prediction of whether the price of the asset chosen will increase or decrease in value by the selected expiry time.
In order to trade the Call/Put binary option, a trader should follow these steps:
• Check the status of the financial markets and then select your asset. This means selecting a currency pair, stock, index or commodity you wish to trade.
• Choose the earliest expiry available. Some platforms offer trades as short as 30 seconds.
• Click the button which indicates your choice to trade the Call/Put trade option.
• Enter your investment amount in the space provided on the trading platform. This could be any amount you like but it is vital to check the broker’s minimum requirements first. Just to be safe, especially if this is your first time trading, you only invest a small amount. The payout percentage will then be based on this investment amount.
• Now it is time to make your prediction by selecting either Call or Put. You can now sit back and wait for the expiry of the trade in order to know the outcome. If the price of the asset you have chosen closes above the market price and you selected the Call option, you will win the trade and you will earn anywhere between 60 to 90% return on the amount invested. On the other hand, if you made an inaccurate prediction, you will lose your investment amount only.
Today, many traders choose to trade binary options because there is a big chance of gaining high returns. In addition, you do not have to invest a lot of money in it, there are no fees or commissions, trading can be done from anywhere and at any time, there are a variety of expiry times, and you can have access to a lot of different global assets.
A systematic approach to trading is always a key factor to success. The most successful traders do not subscribe to the gambler’s mindset of just relying on pure luck.
You will find a lot of different trading companies online that will tell you that they know the secret in choosing the best 60 second binary option trading strategy you can apply to ensure your financial success. However, a lot of these are not reliable and can even be financially dangerous for you. Here is a safe process you can follow to get started with your minute long trading.
• Look for underlying assets that trade well above or below the charts. These are the ones where you can earn a lot of money from.
• Check the asset’s popularity indicator. The popularity indicator is there to let you know how many brokers choose the Call and Put options. Put’s popularity should be higher than Call if the asset’s trading is above the chart’s middle portion, and vice versa if it is below.
• Once you have carefully followed the two previous steps, you can now start assuming your position. Always keep in mind to only choose either Call or Put if either one of them is chosen by a majority of the traders. In case the conditions of the previous two steps are not met by what you are looking at, you need to go back to the first step and start over.
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