The 60 second binary option is for traders who are active in the market and want to see the results quickly. These options expire in one minute, allowing you to make hundreds of trades per day.
As with traditional binary options, you will buy a currency option if you think an asset is 60 seconds higher than the current price. If you think that the asset is 60 seconds below the current price, you buy a put option. With the right valuation, you can pay back a predetermined amount, which is usually between 60% and 70% of the money you traded (also receive the traded money back). If you choose wrongly, you will lose the transaction amount.
60 seconds start as soon as you start trading. So if you at 9:45:15 am. Traded, the binary option expires after 60 seconds at 09:46:15.
Figure 1. 60 second binary option
Source: EasyXP
Figure 1 is a screenshot of the 60 second binary option. In this case the payout is 67% and the strike price is the current price. Clicking “High” or “Low” (not shown) is the same as selecting currency or converting if the rate is expected to be higher than the strike price within 60 seconds. 60 seconds start as soon as you start trading. Brokers also offer other short-term expirations. In this case, you can also choose 60 seconds, 120 seconds or 300 seconds by clicking on the dropdown menu.
Trade 60 second binary options with this broker
merit
The main advantage is that you can trade as much as you want. In theory, you can 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 time running out. Buy a click or foot and wait 60 seconds. By trading multiple assets, you can trade multiple at the same time and all expire within a very short period of time.
In terms of trading, the 60-second binary option can effectively take advantage of powerful market movements. For example, even if you see very strong mornings in EUR/USD, and you still need to time your entry, it is possible that EUR/USD will go strong up to 60 seconds from now. Therefore, these options allow you to jump into the market flow and get out of the trade quickly before a big reversal occurs. That is, skill is needed to determine when the power is weakening.
This allows you to take advantage of every possible opportunity and earn huge profits every day.
disadvantages
With 60 seconds binary options, you can make many trades per day and earn a lot of money, but you can also lose a lot of money. ‘Overtrading’ is common for new traders trying to catch all market moves, but it is probably not a very likely trade. Good setups often take time to develop, so using a 60 second binary option can be distracted by ordinary or bad trading setups, so you can miss out on good ones.
Payouts for 60 second binary options are generally lower than other traditional types of binary options in the 60% range. This means that you must have a very high win rate when trading. If you lose 100% of the trading capital to the loser and make only 67% (for example) of the winner, you will need to win 6 out of 10 trades to break even (in this case a small profit).
Final word
The 60 second binary option offers a lot of potential and gives you a way to take advantage of opportunities in the short term. Ideally, you should use the 60 second binary option to take advantage of short-term, high-probability opportunities. There is a high risk in trading this type of binary options, because there is a possibility of instant gratification or the possibility of a “multiple transaction” to compensate the loss. It usually doesn’t end well. Low payouts indicate that you should only use these options sparingly. In the long run, you need to win about 6 out of 10 trades to break even. The odds should be high to get a decent profit. Excessive trading or trading of ordinary institutions is difficult. As with other transactions, the setting of the transaction quality is set relative to quantity.