60 Second Binary Options is for traders who want to be active in the market and see results quickly. These options expire in 1 minute, allowing hundreds of trades per day.
Just like traditional binary options, you buy a call option if you believe the asset is 60 seconds higher than its current price. You buy a put option if you believe the asset will be 60 seconds lower than its current price. If you do the right valuation, you can pay back a pre-determined amount, usually between 60% and 70% for the money you traded in (and you get money back for the money you traded in). If you choose incorrectly, you will lose your trading amount.
60 seconds start the moment you enter the trade. So if you place a trade at 9:45:15 AM, the binary option will expire 60 seconds later at 9:46:15 AM.
Figure 1. 60 second binary option
Source: EasyXP
Figure 1 is a screenshot of 60 Second Binary Options. In this case, the payout is 67% and the target price is the current price. Clicking “High” or “Low” (not shown) is equivalent to choosing Call or Put if you expect the rate to be above your target price in 60 seconds. The 60 seconds starts as soon as you start trading. Often brokers offer other short term expirations as well. In this case, you can also select 60 seconds, 120 seconds, or 300 seconds by clicking on the drop-down menu.
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Advantages
The great thing is that you can essentially trade as much as you want. Theoretically, 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 having to worry about expiry times that fit your period. Buy a click or put and wait 60 seconds. Trading multiple assets allows you to do multiple trades at once, all expiring within a very short period of time.
From a trading perspective, 60 second binary options allow you to take advantage of strong market movements. For example, if EUR/USD sees a very strong morning and you still need to time your entry, chances are EUR/USD will continue to strengthen 60 seconds from now. So these options allow you to jump into the market flow and get out of the trade quickly before a big reversal happens. That said, it takes skill to determine when strength wanes.
This allows you to seize every possible opportunity and reap huge profits every day.
Disadvantages
You can make a lot of money and make a lot of trades in a day with 60 second binary options, but you can also lose a lot of money. “Overtrading” is common for new traders trying to catch every market move, but this is probably not a highly likely trade. Good setups often take time to develop, so with 60 second binary options, good setups can be missing because you are distracted by mediocre or bad trading setups.
Payouts on 60 second binary options are generally lower than other traditional types of binary options in the 60% area. This means you should have a very high win rate when trading. If you lose 100% of your capital trading on losers and only make (for example) 67% on winners, you need to win 6 out of 10 trades to break even (small profits in this case).
last word
60 second binary options offer a lot of potential and provide a way to capture short-term opportunities. Ideally, you should use 60 Second Binary Options to capture high-probability short-term opportunities. The risk of over-trading these types of binary options is great, as the possibility of instant gratification or the possibility of “revenge trades” attempting to make up for losses may be lost. This usually doesn’t end well. Low payouts indicate that these options should be used sparingly. In the long run, you need to win about 6 out of 10 trades to break even. Your odds should be high to make a decent profit. It’s hard to over-trade or trade a mediocre setup. As with other trades, trade quality settings are set relative to quantity.
