Some Features & Tips When Trading 60-Second Binary Option Expiries
The only thing better than generating profits is generating fast profits. Binary Options trading allows traders to do just that via expiry times on trades that are as short as 60 seconds. In fact, as of just very recently, an accurate title would have to include 30/60/120/5-Min. Expiries, but that would make for quite the cumbersome title wouldn’t it? However, we will be touching on those other short expiry windows.
It is entirely possible to earn hundreds, even thousands of dollars in a minute or less if you do your homework and make wise decisions. On the flip side, fast trades can equal fast losses, so let’s examine the best use of this type of trade. When short expiry time periods first entered the marketplace (introduced by TradeRush) 60 second trades were the only option. Today, some binary options brokers now include additional expiry times of 30 and 120 seconds. What each of these expiry times present you with is the opportunity to generate profits from short-term price movements. Additionally, they present you with the chance to profit from multiple trades whenever the price of your selected asset is trending in one direction or the other.
Keep in mind that a massive trade volume is quite easy to accomplish under such circumstances. Almost unavoidable for that matter. Asset prices do not remain the same for very long after all. There is a constant push and pull in the market, with buying and selling always moving asset prices along. For traditional market traders, volatility can be quite frustrating. For the binary options trader it can be quite profitable.
Although a long-term price trend could allow you to lock in a large number of profitable trades, brokers offering 60-Second binary options trading can and will allow you to profit from much shorter-term movements, essentially adding a multiplier to your profit margins. These movements can be reasonably interpreted on the asset price chart of your choice with a little (then a lot) of practice. Risk is always a part of trading, whether you are trading binary options, CFD’s, Forex, or within the conventional markets. The risk level associated with 60 Second trades can be higher than that of any other trade type. However, danger lies in how you use and treat them.
If you treat these instruments with the seriousness and respect that any financial product deserves, then you should be just fine with a little practice. If you treat them like the roulette table at a casino…well, you’re likely to get better results at the casino. In short, treat these financial instruments with the respect they deserve as financial speculation instruments, and not as some form of gambling mechanism. You WILL lose in the long-run if you treat it like a casino, of that I can assure you.
Since 60-second binary options do last such a short period of time, you must be able to know when to trade or not trade. This is an even more important skill than usual with extremely short-dated contracts like these. When market conditions are not optimal for this trade type, then don’t make the trade(s). Walk away and live to fight another day! Either select a longer expiry window, one more suitable to current market conditions. There are many choices and combinations to choose from, so you should rarely, if ever find yourself in a position of not being able to find a suitable trade anywhere. One of the best things about 60 Second binary options trading strategies is that they can reduce the time commitment associated with analysis. One analysis session could point you in the direction of several profitable trades.
For an example of the above discussion: If you’ve determined that an asset is likely to trend upward over the next 15 minutes, you could choose to enter into several fast trades in order to profit from that movement multiple times. When 60 Second trades were first introduced within the binary options industry they were an immediate hit. Traders were clearly able to see the benefits of being able to opt for much shorter expiry periods when attempting to profit from short-term price movements. Some traders exclusively use this trade type now, while most others choose to mix things up with the trading of multiple contract types. There is no right or wrong, so long as you’ve taken the time to conduct some analysis and opt for reasonable investment amounts.
We hope you found at least some use in this short, but informative introduction to the very short-dated binary option contract: the 30-second, 60-second, and 120-second binary options trading contracts now available at a growing number of brokers as the contract’s popularity continues to grow.
Good luck to everyone in all your trading activities, whatever they are and wherever they are done!
The BOTrading Bosses