60 second binary options trading at the fastest pace
As the online trading environment continues to modernize, we are constantly seeing new innovations with the different ways traders can profit from the financial markets.
One of the newest examples of this can be seen in 60 second binary options, which offer a contract expiration period of one minute. Since their introduction, however, the 60 Second option has become widely popular, and a large variety of trading brokers now offer this trade to their clients.
Your capital is at risk. To be sure, 60 Second options are not right for all traders. This type of trade requires a careful approach to money management and an ability to spot potential trading opportunities the moment they occur. Before entering into these types of trades, it is important to consider a few factors. First, and possibly most important, is the need to have a strong familiarity with your binary options trading platform.
It should be clear that you will not want to place your first-ever trade and risk your hard earned money on a platform that you have not tested. Here, you are looking to make sure that your platform is capable of executing you trade at the exact time and price you are expecting. Without this, even the smallest price movements can start to become very costly and erode the balance of your trading account. It also important to make your test trades on a demo account so that no money is needlessly wasted.
A look at the 24option 60 second Platform — Trading binary options involves substantial risk and may lead to loss of all invested capital. The final areas of consideration come with the trading parameters themselves, which will form the basis of your trades. To avoid confusion, I will briefly describe each trade according to the number assigned to it in the below screenshots.
On the first re-touch of 1. Similar to the first trade I took a put option on the re-touch of 1. This trade also won. A third put options at 1. This trade lost, as price went above my level and formed a new daily high. Price formed a newer low at 1. I took a call option on the re-touch of 1. Basically the same trade as the previous one. Price was holding pretty well at 1.
On a normal move, I would take a put option there, but momentum was strong on the 2: Several put options almost set up on the 1. So my next trade was yet another call option down near where I had taken call options during my previous two trades. I felt this was a safer move as just half-a-pip can be crucial in determining whether a second trade is won or lost.
Call option down at 1. However, the minute after this trade expired in-the-money, the market broke below 1. This trade was a put option at 1. Nevertheless, this trade did not win as price continued to climb back into its previous trading range. I decided to take a put option at the touch of 1. This trade might seem a bit puzzling at first given a new high for the day had been established and that momentum was upward.
But by simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an area of recent resistance so once it hit 1. For this trade, the high of day initially made on the 2: I had intended to take a put option at this level on the 3: And then for maybe seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry.
I did end up using the 1. I took a put option on the touch of the level. Once again, I used the current daily high of 1. But price busted through and this trade lost. Another fifteen minutes passed by before I was able to take another trade set-up.