All you need to know about binary options "60 Seconds"
Binary options trading has long enjoyed well-deserved popularity among traders, allowing them to make up to 85% of profit in a matter of minutes. One of the most popular instruments is binary options "60 seconds". Someone considers them very risky, someone is ready to accept such risks in exchange for high profits.
In order to make a decision - whether to trade binary options "60 seconds", it is necessary to know their features, advantages and disadvantages.
The advantages of "60 Seconds" binary options
- The short expiration period of the option. The trader gets the opportunity to almost double the invested money in just 1 minute.
- No pronounced reaction to the fundamental background. The exception is a short time interval during the release of very important news.
- There is no reference to the current trend. Both trend and counter-trend trading are suitable for gaining profit.
- The ability to trade a minimum option volume. With long expiration time of a binary option to get 85% profit from the invested dollar - the prospect is not so good. Therefore, the trader is forced to buy an option with a large volume. When using such a binary option it is possible to use a minimum volume and the profit will be provided by the number of trades.
Disadvantages
- Impossibility of practical forecasting. One minute is too short a time interval for predicting price movement in any of the analysis methods.
- High trading risks. The increased risk of binary options "60 seconds" is due to two factors: the short expiration time and the high volatility of the asset.
Despite the fact that the number of disadvantages is less than the advantages, they are quite extensive and have a huge impact on trading results.
Features of trading binary options "60 seconds"
- From a technical point of view, trading binary options "60 seconds" does not differ from the classic BO trading. However, the very short expiry time introduces certain peculiarities to the trading process, which the trader needs to know.
Currency pairs are best suited for ultra-short binary options because they are the most predictable asset.
- Because of volatility spikes at the time of important news and macrostatistics releases, it is better to refrain from trading in the interval of ±5 minutes.
- Despite the difficulties in predicting the "60 Seconds" BO, you should not neglect technical analysis. Each trade should have a technical justification and not just open for no reason.
The best strategy for such binary is a strong deviation of the price of the asset from the average value, because the market always tends to return to it.
- Binary options "60 seconds" have higher risks. Therefore, you should not make them even greater by applying the Martingale method.
Market doldrums, corrections and flotsam are not the most appropriate period to trade turbo options. For "60 second" options, periods of high volatility are optimal.
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