60 Seconds Strategy Binary Options
Binary options of 60 seconds are options for which the completion of the contract (expiration) is 1 minute. This means that you purchase an option and 1 minute later get the result of trade.
The 60-second turbo-options trade has become quite popular – experienced traders and beginners work with these trades. Such options let you make a very quick profit, the size of which is limited only by the size of the bet made. For 1 minute it is possible to win up to 90% of your deposit.
The minute binary options have their own undeniable advantages: they offer an opportunity to trade at any time (session), carry out a large number of transactions in a short time (accordingly increasing the chance of winning), and an incredibly large choice of broker-platforms, which provide a range of profitable conditions (bonuses, an extended variety of assets, absence of commission).
Many strategies are used in the 60-second binary options trade. The most well-known methods are suitable for these trades, but the strategy is still different: it requires very fast decision-making behavior and instant reacting to the situation of the market.
60-second strategy binary options with usage of indicators
One of the most usable indicators in strategies for 60-second binary options is the RSI (Relative Strength Index). This instrument of technical analysis has an advancing nature and shows a possible change of trend. The indicator has 2 accurately differentiated fields (overbought and oversold). If the curve of graphs confidently leaves the zone of oversold in the bottom-up direction that means it is possible to trade for the purchase «Rise» (Call). In an alternative situation (when the curve leaves the zone of overbought), options trade on falling (Put).
Another interesting indicator for strategies of 60 seconds is Ichimoku. This is compared with clouds that show key areas (of resistance and support). If the curve comes out twice from the cloud in the up-bottom direction, that means buying an option Put is a good idea. The price will probably continue to fall and a trader obtains a profit. When the curve leaves the cloud in the bottom-up direction, that means you need to put all your attention on options Call (up).
Working with the Bollinger Bands indicator (in other words – bands or waves of Bollinger, BB), the constant increasing of rates after winning is not used (compare to Martingale). Profit is guaranteed by a large number of winning bids. The Bollinger Band indicator allows the trader to mark the break at the price movement. The «Breakdown trade» is used more often. When the graphics break through channel lines, in most of cases the price rolls back to the middle (to the next candlestick).
Deals are opened only in the moment of Bollinger Bands convergence (sideways). The number of profitable deals can be up to 70%.
One more Moving Average Indicator for 60-second binary options appears as the red line.
The Moving Average Indicator for binary options can be used for options with an expiration period up to 5 minutes, but this indicator also successfully works with 60-second turbo-options.
60-second strategy for binary options without indicators
Although many traders prefer the hints of indicators, there are strategies where they are not needed. It is enough for a player to draw a so-called trend line and as soon as the line rebounds three times, the trade is started. The picture shows when a deal is made with a PUT purchase.
It is a very interesting example with the addition of a lower trend line for the same graphics. This is called a wedge pattern (graphic). Such a situation happens infrequently in the market; that’s why it is necessary to use the wedge pattern. Wait for a final formation of the wedge (about 3 waves), and when the curve breaks through the upper or lower trend line, open the deal.
Another strategy for 60-second binary options
Many trading strategies are suitable for very short-dated options that expire in just 1 minute. But there are several methods that are rather bad. For example, a hedging method (insurance). Its essence is to buy “safety” option in another market to minimize losses. This is suitable for Forex but not for binary options. Here, the price can vary in the course of a minute, resulting in losses for both deals.
Strategies of Support and Resistance Levels
These levels give the most accurate signals of the price movement. These are lines within which the price moves. The levels are displayed on the tops of the candlesticks. An option is bought at the rebound from the level and only on the third candlestick (the first candlestick is a signal, the second is a conformation, and the third is a command to buy a 60-second option).
A few disadvantages
60-second binary options are the riskiest. Even leaning on a competent strategy and armed with indicators, it is still very difficult to guess exactly the market movement, because too many factors influence it. There is an extremely high chance of being in the red.
Positive points of 60-second binary options
- An easy trade
- An opportunity to trade during any session
- It is enough to have hourly graphics for analysis to determine a main trend and trade by M5-M15 signals
- A large number of deals
- If working with the 30-minute to 1-hour period of expiration, you make from 5 to 10 deals per day, then with 60-second binary options you can make 40-50 deals per hour
- Profitable trades are increased several dozen times using the Martingale method
- A huge choice of instruments and platforms for trade
- Almost every broker provides a 1-minute trade option now. In addition, traders who trade short-dated binary options are often given profitable conditions, for example, a higher bonus, no commission and assets that are unavailable at regular options.