In the past few years, we have seen a lot of new trends in online trading. Many new trading strategies, tools, techniques, etc. have come to the market. One of the most popular strategies is 60 Seconds or 1 Minute Binary Options trading.
This is the fastest binary options trading strategy, in which, you just need to predict the direction of particular asset’s value for 60 sec. minute time interval.
The payout in 60 seconds trading can be as high as 75% or more, which means you can gain a return of 75% on your investment in just one minute. Isn’t it just amazing?
But wait! If this strategy can produce so much profit in just few seconds that also means it can cost you a great amount very quickly.
Market moves rapidly and hence it becomes very difficult to predict, whether the price of an asset will go high or low in this small time interval.
Suitable Audience for 60 Seconds Option
If you are a newcomer and don’t have much experience in trading, then it’s better to stay away from 60 seconds option as it requires a very close knowledge of market.
The preferred audience for this form of binary options is the intermediate and the experienced traders. Beginners are advised to spend some time in long-term trading and improve their skills.
Don’t Rush for Real Money
There are several 60 seconds binary options strategies, and you can pick any one which suits your trading style. You can find a good starting point here:
But before putting real money, trader should always test the strategy, which they are going to use for their trading. Before rushing to real money, spend some time with demo accounts and test your strategy and its compatibility. Try different strategies or combine two or more to make a hybrid one for yourself and then again test it with demo accounts. It will help in ensuring that your strategy would not make you bankrupted.
Advantages of 60 Seconds Option
- Accelerates the pace of profits, one can earn more in less time.
- Trader just needs to spend couple of hours in trading, as the trades finish so quickly.
- Trades in loss can be recovered in less time.
- Easier and quicker to verify results by demo testing.
After considering all the facts, it can be concluded that 60 seconds option is certainly a very good options and it can produce a handsome profit in no-time.
But it also needs a dedicated and tested strategy and proper knowledge of market and where current events that are going.
Note for beginners: It’s an important advice that you should not rush to this trading form, first enhance your trading skills, practice them on demo account and then move towards a long or short term trade.