Trading 60 Second Options is similar to trading classic Binary Options. The difference is that those options expire at 30, 60 or 120 seconds from the initiation of a trade and the maximum amount per position is limited to €250.
Binary option means you may get something or you don’t. This can either be in cash or in an asset. Currencies are a common area for binary trading, but this can apply also to trading in gold prices, oil prices or any other major commodity, Decisions are made on market movements, Will the price of oil rise? Will money flow from the US dollar into Gold? This is electronic trading and it is worldwide.
The major financial centers around the world dictate a lot of what is going on, may it be the New York Stock Exchange, centers in Europe, or the Asia Pacific region. However, anything could largely affect a commodity price. This could be an oil disaster somewhere, worries about another global turn down, or favorable decisions taken by OPEC. Which way a commodity will move is not always easy to predict. Changes happen in milliseconds around the world.
60-second trading a minute sounds a short period of time, but a lot can happen in this short period of time. Making a decision on where the market is moving really does need a 60 Second Binary Options Strategy. A lot depends on recognizing the kind of movements the market is making over this short time frame. What are the patterns that will indicate a definite movement up or down, and what pattern is just background trading “noise”? Understanding the difference will determine if you can trade profitably in this time frame.
60 Second Binary Options Strategy – Candle Sticks
Have you ever tried using “candle sticks” in binary options strategy? If you haven’t, you can try it. In this business, you have to try several alternatives in order to attain success. But definitely, the success in using 60 Second Binary Options Strategy will greatly depend a lot upon the quality of the software you are using. Using Option500 trading signals will help you be more accurate to choose “Call” (the market is going up) or “Put” (the market is going down).
What about a “candle stick”? What is it? Well, it is a graphic form of information. It shows the price at the opening and the price at the closing of a set trading period. This is usually over a 15-second time period. This is a good time period to use. Anything shorter than this, then your 60-second trading strategy may be faulty. There will not be enough information to predict a trend. Using only a few “candle sticks” would be a better idea. There is already enough information using one “candle stick”, for you to make your market decisions. For more technical input, it would be a very good idea to use the “moving average” to also give you accurate information and generate signals.
The advantages of 60 Second Binary Options Strategy
60 in binary or trading using binary options in 60 seconds does have advantages. You can do all your trading over a shorter time frame. By looking at overall market trends you can determine the best time for using a 60 second binary strategy. You can do this a couple of times a day. Jump to the trading platform and pick real movements in the markets than choose the “Call” and “Put” of the for successes 60 sec trades.
Over longer time frames, market fluctuations and trends are possibly easier to predict. With a good 60 second trading strategy, you can possibly be able to find some good signals over this minute time period. This could be more profitable than looking at a longer time frame. With option500 you have access to binary options platform, signals and “candle sticks” information, on your cell/mobile phones, and tablets as well as your laptops and PCs. If a quick ten or five-minute period presents itself, then you can make a trade, online. The speed of this system also helps beginners in this market.
because you work in a very compressed time frame, you will learn very quickly how the market actually works. You will see trends as they happen. This may not be the case with more conventional binary optional systems, where signals are set periodically over much longer periods of time. If this is backed up with “candle sticks” data and “moving average” information, then you will start to develop a real “feel” for a particular market. Be able to understand and predict with the help of our Option500 learning center for beginners, intermediate and advanced traders center