60 Seconds Binary Options is for traders who are active in the market and want to see results quickly. These options expire in one minute, allowing you to execute hundreds of trades per day.
As with traditional binary options, if you think an asset is 60 seconds above the current price, you will buy the currency option. If you think the asset will be 60 seconds lower than the current price, you will buy the put option. With the right valuation, you can refund a predetermined amount, usually between 60% and 70% of the amount you traded (also get back the amount traded). If you choose wrong, you will lose the transaction amount.
60 seconds starts the moment you start trading. So if you trade at 9:45:15 am, the binary option will expire at 9:46:15 am after 60 seconds.
Figure 1. Binary Options 60 Seconds
Figure 1 is a screenshot of the 60 second binary option. In this case, the payout is 67% and the target price is the current price. Clicking “High” or “Low” (not shown) is the same as choosing Currency or Set if the rate is expected to be higher than the target price within 60 seconds. 60 seconds starts as soon as you start trading. Usually brokers also offer other short term maturities. In this case, you can also choose 60 seconds, 120 seconds or 300 seconds by clicking the drop-down menu.
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Advantage
The main advantage is that you can trade as much as you want. In theory, you could trade every few seconds or basically as fast as a mouse click. This allows you to take advantage of short-term opportunities without worrying about expiration. Buy one click or foot and wait 60 seconds. Multi-asset trading allows you to trade multiple times at once and all of them expire in a very short period of time.
From a trading standpoint, 60 seconds binary options allows you to effectively take advantage of strong market movements. For example, even if you see a very strong morning in EUR/USD, if you still need to time your entry, maybe EUR/USD will continue to strengthen 60 seconds from now. Thus, these options allow you to jump into the market flow and quickly exit the trade before a major reversal occurs. That is, skill is needed to determine when the force is weak.
This allows you to seize every possible opportunity and make big profits every day.
Disadvantage
With 60 seconds binary option, you can make many trades per day and make a lot of money, but you can also lose a lot of money. Online trading is popular among new traders trying to capture all the market movements, but this may not be a highly likely trade. Good settings often take time to develop, so using 60 seconds binary options can be distracted by simple or bad trade settings so you may miss out on good ones.
The payouts for 60 seconds binary options are typically lower than other traditional binary options types in the region of 60%. This means that you should have a very high win rate when trading. If you lost 100% of your trading capital to the loser and only made 67% (for example) of the winner, you would have to win 6 out of 10 trades to break even (in this case a profit). small profit).
Last word
60 Seconds Binary Options offers a lot of potential and gives you a way to seize short term opportunities. Ideally, you should use 60 seconds binary options to capture high probability short term opportunities. There is a high risk of over-trading these types of binary options because of the potential for instant gratification or the possibility of many other “trades” trying to make up for the loss. This usually doesn’t end well. The low payout suggests that these options should be used sparingly. In the long run, you have to win about 6 out of 10 trades to break even. The odds have to be high to get a decent profit. Overtrading or trading of the usual setups is difficult. As with other trades, the trade quality setting is set relative to the quantity.