If you want to trade at a high tempo, 60 second binary options might be just what you are looking for. This form of trading has quickly become very popular, thanks in no small part to the fact they offer an almost instant result.
60 second binary options are very easy to understand and trade. All you have to do to make money is to predict whether the price of an asset will be higher or lower than it is now, one minute into the future.
The average payout for a successful 60 second trade is in the region of 75 %. You only need to win around 57 % of trades in order to break even with a payout of this format. You will not reach this percentage purely by trusting luck. You will need a good 60 second strategy in order to be consistently successful over time.
One option that is not available is to rely on binary option signals. This is because none of the binary option signal providers offer signals that are relevant on such time frames. As a consequence, you have to make the calls and trade on your own signals when dealing with 60 second options.
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A popular 60 second binary strategy entails following news events that are relevant to the market carefully. In instances where you discover a news event that is sure to have a bearing on an asset’s price in one direction or the other, you simply trade accordingly. If the news is expected to push the price up, you make the corresponding call on a 60 second option and vice versa. This is a fairly high risk strategy, so you cannot expect to win all your trades. For this reason a smart money management strategy, such as never investing more than 5 % of your account balance per trade, is required.
Seeing as an asset’s price will tend to move in one direction over time, you should be able to make more correct calls than losing calls, and thereby earning a profit over time.
The doubling up strategy is another popular 60 second binary options strategy. You can use this strategy for all sorts of assets, but only with options that offer a high payout in excess of 85%. You start off by investing a small amount. If you are successful, you invest the identical amount one more time. If your prediction was wrong and you lost, you should invest twice as much in the next trade.
By using this strategy, you should be able to win back your losses quickly thereby getting a good average over time. However, you need a solid balance to begin with seeing as a losing streak would require you to invest ever more money per trade.
Once you win a trade, you immediately go back to the original amount and invest that in your next trade. By applying this strategy in a disciplined and focused manner, you will have a good chance of earning a healthy profit.
With a normal winning percentage your chances of making a profit over time is 99% if you start off with an account balance of $1500 and invest $10 per trade.