Trading with binary options has many advantages, but the thing that describes that describes them at most is the fact that they are simple to be learnt and very profitable. It is not a secret to anyone that binary options are today even more preferred than Forex activity, which is more difficult. Moreover – there are plenty of brokers you can select for your next binary option adventure and most of them are not just reliable and profitable, but also very generous as to their bonuses and special exclusive trading instruments. Speaking of which, another great thing about trading with binaries is the fact that you can choose many options to learn and buy to get money. And today, we are going to talk about one of the most popular binary types – the 60 seconds binary option. Find out the basics behind trading with 60 seconds binary options now!
What Is 60 Seconds Binary Option?
The 60 seconds binary option is a kind of a binary option and it is well-known among the trading community. This makes it one of the most preferred option due to many reasons like its popularity in brokers – almost each broker offers it – as well as its easiness to be understood. On the other side, if classifying the binaries in groups according to their specific features and ways for being traded, the 60 seconds binary option refers to the group of short term binary options that despite 60 seconds, they can be also 2-minute, 5-minute, 15-minute and etc. Just like the name says it, these types of binaries are special and individual for the fact that their expiry term is at one hand, precisely fixed, and on the other hand – short, where 15 minutes is usually the longest period. What you have to d o, when trading with 60 seconds binary options is that you should estimate the underlying asset – whether a stock, commodity, foreign currency pair or something else you prefer – and its performance during a period of time named expiry time. The payoff in this trading activity has only two possible outcomes
It might be a fixed monetary value. But it might be nothing all. In few words, when you trade with binaries you must predict if a financial event will happen or no. You will also have to consider if the the asset you have chosen will be higher, or lower. If you think that it will be higher you trade a call option. And in case you believe it will be lower, you will trade with put option. In most cases the correct assessment is usually predetermined and it is between 50-80% of the money sum you have traded by buying the particular 60 seconds binary option.
Factors To Follow, While Trading With 60 Seconds Binary Option
You do know that in financial trading, it is a task of yours to follow some specific factors to become prepared enough with your predictions and analyzes. So find out now what you need to follow as information, when trading specifically with 60 seconds binary options:
The movement of the market
Whatever your 60 seconds binary option is – commodity, stock, foreign currency pair or anything else – always get the latest information about this specific field. So, if you trade with stocks, become updated with the latest progresses or failures of the company that owes the shares you will trade.
When to trade?
Predicting the best moment for trading with 60 seconds binary option is essential, because it is short and every next second is important, because many changes might happen. Also, here you need to be very fast and to have intuition when exactly to react on a particular market movement.
What is the best 60 seconds binary option broker
Do not underestimate this factor, either, because no matter how good you are, appearing on a platform that is a scam will ruin your entire strategy. Always, feel free to read our binary options broker reviews to get updated what the best brokers with binaries are.
The price level
The price level you choose determines your overall 60 seconds binary option approach. However, if you are a beginner, we strongly recommend you to begin with fixed and low budget till you get prepared for larger investments and larger winnings.
Trading with 60 seconds binary options is a great fun! It is safe, fast and profitable, so give it a try by all means!