When trading digital options, an expiry time must be selected along with each trade. Today, super-short expiry times are now available, with Brokers Options offering 30, 60, and 120 second options. There are several strategies to go along with these fast trades, many of which are simple and can be used by any trader.
Sixty second options have been around for some time, but brokers have expanded fast trading by adding in 30 and 120 second options. Because each of these expiry periods is quite short, a substantial trade volume is certainly a possibility. Fast action is often required when you spot excellent trade opportunities. Fortunately, Brokers trades require only a few clicks to complete.
Fast trading does not mean that you should abandon the analysis process. Yes, there will be chances to enter into these binary options trades based on market sentiment alone. However, technical analysis can still be used to locate asset price trends and measure how long they may last. Short expiry times combined with a lengthy asset price trend can provide you with extremely impressive profit totals.
One of the advantages of short expiry trades is that they leave little room for massive changes in investor sentiment. Sentiment can change quickly, but it isn’t hard to see the difference between allowing only 30 seconds for changes to occur as opposed to one hour or longer. Once you’ve done your homework and locked in your trade, there should be little concern about bold sentiment shifts.
The only difference between 30/60/120 second trades is time. When trading with Brokers Options, each works just the same as the basic digital options (put or call) trade. There will be times when the same outcome could be derived from any of the three. Other times, a few seconds could make a big difference. Allow analysis to be your guide when making your selections.
Feel free to utilize these quick and exciting expiry times, but be ready to step back if rapid losses start to occur. The smartest strategy with these expiries is to only trade during times when market conditions are ideal, which basically means only trade when a trend is noted. It can take some time to identify a trend, but the reward of trading a solid trend together with short expiry times can be massively high earnings!