Some 60 secs trades

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Some 60 secs trades

Good day traders,

In this article I am going to show you and explain you some trades and trading setups which I took last week. All of them are 60 seconds FX trades. Let’s see my trades.

I made a small deposit in OptionsXo last week and I doubled my account in about 30 minutes with these trades. As I said above, all of them are 60 seconds trades. I used reversals in supports and resistances, mainly in previous supports and resistances and bounces in the EMA.

In the above screen shot I have three charts. The first one is from EURUSD currency pair, the second one is from USDCHF currency pair and the last is from GBPUSD currency pair. As you can see in these charts, I have only a 50 period exponential moving average and nothing else. The red horizontal lines are supports and resistances. It’s almost naked trading without indicator. In these charts there are two circles with arrows and two rectangles with arrows. I took trades only in the circles. I have the rectangles to show you some solid setups which I didn’t take in this case.

In the first circle in EURUSD currency pair we are in an uptrend, notice the higher highs and the higher lows. We have a support in the 50 period EMA (the green one) and we have our resistance in the second red horizontal line. The second time in which the price touched this resistance level I took an in the money put trade. In the rectangle in the EMA it’s a good opportunity for a call because we are in a strong uptrend as I said before and we have a small rejection.

In the second chart from USDCHF I took an ITM call trade in the circle. The price broke the previous resistance but it hit another stronger previous resistance. In the rectangle is a good opportunity for a put trade. In this case we are in a down trend the price makes lower highs and the reversal in the 50 EMA was possible as it finally happened.

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60 Second Binary Options

60-second binary options are for traders that want to be very active in the market and see results fast. Since these options expire in one minute you can potentially do hundreds of trades a day.

Like traditional binary options, if you believe an asset will be higher than the current price 60 seconds from now you’ll buy a call option. If believe an asset will be lower than the current price 60 seconds from now you’ll buy a put option. A correct assessment will land you a pre-determined payout, usually between 60 and 70% on the money you traded (plus you get the money you placed on your trade back). Choose wrong, and you lose amount you placed on the trade.

The 60 seconds starts the second you place the trade. So if you place a trade at 9:45:15 AM, your binary option expires at 9:46:15 AM, 60 seconds later.

Figure 1. 60 Second Binary Options

Figure 1 shows a screenshot of some 60 second binary options. The payout is 67% in this case, and the Target Price is the current price. You’d click “High” or “Low” (not shown) which is equivalent to selecting Call or Put if you think the rate will be above the Target Price in 60 seconds. The 60 seconds begins as soon as you lock in your trade. Often the broker will also provide some other short-term expiries as well. In this case, if you click the dropdown menu you can also select 60 Seconds, 120 Seconds or 300 Seconds.

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Advantages

The main advantage is that you can essentially trade as much as you want. Theoretically you could make a trade every few seconds, or basically as fast as you can click your mouse. This allows you take advantage of any short-term opportunities you may see, without needing to worry about finding an expiry time that suits your timeframe. Simply click to buy a put or call and wait 60 seconds. Trade multiple assets and you could have multiple trades on at one time, all expiring within a very short timeframe.

From a trading perspective 60 second binary options allow you capitalize on strong market moves effectively. If the EUR/USD for example is having a very strong morning, while you still need to time your entry, chances are the EUR/USD is still going to be strong 60 seconds from now. Therefore, these options let you jump into the flow of the market, and get out of the trade quickly before a major reversal occurs. That said, you’ll still need skill in order to determine when strength may be waning, warning you it is time to back off.

This allows you to seize every possible opportunity, and potentially rack up some big daily gains.

Disadvantages

While you can trade a lot in a day with 60 second binary options and potentially make a lot of money, you could also lose a lot. “Over-trading” is common among new traders who want to try to catch every market move, but these aren’t likely high probability trades to win. Good set-ups often take time to develop, and therefore by using 60 second binary options you may be distracted by mediocre or poor trade set-ups, missing the good ones.

The payouts on 60 second binary options is also generally lower than other more traditional types of binary options, in the 60% area. This means you will need to have a very high win rate when trading. If you lose 100% of the capital you trade on losers, and only make 67% (for example) on your winners, you need to win 6 out of 10 trades to breakeven (tiny profit in this case).

Final Word

60 second binary options provide a load of potential, and provide a way to seize short-term opportunities. Ideally, 60 second binary options should be used for just that–seizing high probability short-term opportunities. There is a big risk of over-trading these types of binary options since there is the possibility of instant gratification, or if you lose the potential for “revenge trading” where you try to recoup losses. This usually doesn’t end well. Lower payouts also signal that these options should be used sparingly. Over the long-run you need to win about 6 out of 10 trades to breakeven. To make a decent profit your win rate will need to be higher. That is difficult if you over-trade or trade mediocre set-ups. As with any trade, trade quality set-ups over quantity.

60 Second Binary Options

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.

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.

Factors to Consider When Trading

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.

After you are completely aware of how to open, close, and adjust your trades, you must next test the platform’s efficiency. 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.

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The final areas of consideration come with the trading parameters themselves, which will form the basis of your trades. You will need to be aware of which asset you are looking to trade (for example, a stock, currency, commodity or index) and the expected price direction (either increasing or decreasing in value). From here, you can choose your price levels (strike prices) and your total trading sizes (the amount of money in your trading position. It is important to have all of these parameters thought out beforehand, as you will not have much time to change your positions with a 60 Seconds binary option.

Managing Risk in Fast Moving Markets

At this stage, the 60 Seconds options trade is one of the fastest ways to make trades in any trading system but this also means that it is possible to encounter losses just as quickly. Because of this, risk management becomes even more important. One positive aspect of these types of options is that you will be able to trade in increments of $10 for each trade at 24option, and this allows you to limit your risk in fast moving markets. As a general rule, it is not recommended to put more than 2% of your trading account into a single position at any one time, and this is especially true when dealing with 60 Seconds options.

Conclusion: Chances for Quick Profits

60 Seconds options are one of the newest additions to the trading markets but it is important understand some of the key factors involved before any real money is put at risk. Since these markets move so quickly, it is important to test your platform station with a demo account, in order to ensure trading accuracy and efficiency.

Additionally, proper risk management techniques must be employed to ensure that you do not drain your account balance in a short period of time. While these are extremely fast moving markets, it is important to take a conservative and logical approach so that overall gains can be realized on a consistent basis. As always, you must make sure that you are only risking money that is appropriate proportionally, according to the size of your trading account. This will allow you to make a larger number of trades over the long term.

***Your capital may be at risk. This material is not investment advice.***

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