Some of the more obvious benefits of 60 Second trades include the ability to know the outcome of your binary option trades quickly, the possibility of racking up profits quickly, and a reduction in the need for extensive analysis. These are not the only benefits of this ultra-fast trade type, however. In fact, you likely have not even considered these commonly overlooked benefits of one minute trades.
The most commonly overlooked benefit of the 60 Second binary options trade is that such a short time period virtually eliminates emotion from the equation while the trade is live. There was a time when exit strategies played no role in binary options trading. However, with the creation of sell options, many traders now have the ability to exit a trade early. These options will not be available with such a short expiry period, which could be a good thing, as mistakes are not uncommon when using the sell (buy me out) feature.
Another commonly overlooked benefit of the fastest available binary options trade is that in such a short period of time, a shift in market sentiment is highly unlikely. With longer expiry time periods, any news report or current event could easily take a contract which was headed for an in the money outcome and shirt the asset price in the out of the money direction based on the news. Few things are as discouraging to a trader, especially if he or she invested a great deal of time in analysis. With only 60 seconds to contend with, a market shift is much less likely.
There is yet another short time period advantage to consider and that would be asset price trends. The key is to first identify a trend. Once this is done, a one minute binary options trade may be the perfect choice for cashing in on the trend before it can switch direction. Similar to the above mentioned market sentiment, 60 seconds may be just the right about of time to allow your trade to end in the money before some market element comes along and changes the outcome.
Despite its many benefits, the 60 Second trade type is not appropriate under all circumstances. It will need to be used wisely, as fast losses can come just as easily as fast profits. Research and analysis will still be required, and strategies may still be needed as well. Working these fast trades into your regular binary options trading activity when the timing is right could allow you to greatly reduce risks while quickly adding profits to your account.