A Sixty Second trade is simply a trade which carries an expiry time of one minute. With these trades, you’ll select from Call or Put options, just as you would with basic binary options trades. The thrill of fast trading is undeniable, but the truth of the matter is that if you do not know what you’re doing, it can be very difficult to win the majority of your Sixty Second trades. The proper approach and a full understanding of these trades is an absolute must.
In order to execute a Sixty Second option within the binary options platform, select the asset that you wish to trade with and then select the trade parameters which will be your expiry time (30 and 120 seconds are also available) and investment amount. Lastly, select the direction that you believe the market will take. Select Call for an increase or Put for a prediction of a decrease.
There are three potential outcomes with these binary options trades. The trade can close with the price of the asset being higher than the entry price, lower than the entry price, or the same as the entry price. The last of these outcomes would result in a tie, which means that your investment sum will be returned to your account. With higher or lower outcomes, you earn a profit so long as you predicted correctly. Even a single pip can determine whether you’ve earned or lost money.
Because of the pace of these binary options trades, it can be tough to forecast where the price of the asset will be when the expiry time finishes. Trades can start off moving in the desired direction and then make a complete turnaround just seconds before the conclusion. This can certainly be frustrating, yet it does not mean that profit cannot be generated from these trades. The secret? Use Sixty Second trades only when you’ve detected a steady price trend and then trade in that direction.
Additionally, money management is a must. These trades can be quite speculative, but risks can be controlled via a solid money management plan. The plataform allows traders to invest as little as $5 on each Sixty Second trade. The use of smaller investment amounts is an excellent plan with this trade type, as losses will be easier to absorb while you build up your profits. The Sixty Second trade is not to be feared, but it should be used responsibly in order to avoid unnecessary loss