Saturday, September 28, 2013 by Tim Lanoue
One of the best advantages about trading binary options would be the variety of expiry times to choose from. Assets traded on binary options platforms always come with ‘Expiry Times’ and can expire at certain hours of the day, end of day, next week, one hour, fifteen minutes, five minutes, two minutes, 60 seconds and many more. Perhaps the best expiry time for the more active traders that are trying to make a living by trading binary options would be the 60 second options trading feature. These options are called the 60 second option because all the trades have an expiry time of 60 seconds, this allows the trader to place a large number of trades per day if they wish to.
Understanding 60 Seconds Trading
Other than the expiry time trading the 60 second option really is no different than the other options available to you. The same idea goes into work when you try to predict whether the price of the asset will go up or down by the end of the expiry time. One of the nice things about the 60 second options is that the predetermined payout is usually displayed so you know exactly how much you will profit if your trade ends up successful.
PROS: 60 Seconds Trading
The best advantage when it comes to trading the 60 second option would be that you can place a very large number of trades on trading days. This in turns gives you more chances to have winnings trades which ultimately means that you can possible profit more. Another example on how this short time expiry trade can serve as an effective option is if you notice a strong trend taking place and you ride that trend taking trades with the direction of the trend. That is a very popular strategy used by many professional traders that often ends with great success. Not to mention that you can place more than one trade during the 60 seconds, so ideally you could place 60 trades within that 60 second time period if you are trading with the trend and you could win a large profit. The short term expiry and flexibility offered by 60 second options allows you the trader to become more dynamic in your trading patterns.
CONS: 60 Seconds Trading
Unfortunately the biggest PRO with 60 seconds options is also the biggest disadvantage with 60 second options. The potential to place a large number of trades could end up in you losing a lot of money. Oftentimes new traders have trouble controlling the urge to stop trading often resulting in over trading, however, if you apply a good stop loss strategy then there is no problem with trading the short time expiry.
Final Say on the 60 Seconds Feature
To conclude, trading the 60 second binary options expiry time can be a good choice to add to your trading arsenal. The pros outweigh the cons due to the fact that one can follow many execution strategies along with a stop loss strategy to help increase the amount of successful trades. If you have any questions please feel free to join our binary options forum or leave a comment below.
Ready to start trading 60 Seconds? Checkout the list of Binary Options Indicators! Remember that with short-term trades, you must always focus on the price action and the technical analysis aspect of each trade. I encourage you to visit the Indicators Page and get familiar with these great and absolutely FREE Tools that are mandatory if you are looking to profit from day-trading!