Saturday, June 15th 2013 by Michael Freeman
Rapid Fire Trading Pattern Review
The Rapid Fire Binary Options Trading Pattern was developed by Ioption, a binary options broker. This trading pattern was created specifically for the 60 seconds trading feature. It combines the Pivot Points Probability Table with Support and Resistance Pattern. The Pivot Point Table is used to predict trends based on past price levels for a given time, usually ranging between a day and months at time and Pivot Points were used long before binary options was first introduced. In my personal experience I found that trading on 60 seconds is very risky and using the Pivot Points to predict a trend over 60 seconds is a gamble as trends become harder to spot the more we narrow the time frame in which we hold the asset for until it expires. Combining the Pivot Points with a 60 seconds pattern is the essence of the Rapid Fire Trading Pattern and I personally don’t recommend following it with your trades.
Is there a profitable 60 Seconds Trading Pattern? Feature Review
The 60 Seconds Feature is now offered by most brokers including popular brands such as TradeRush and the XPMarkets, 24Options and many others. Anyoption is one of the only brokers refusing to offer this feature and instead it seems that their main focus is on risk-reducing features like the Option+ and Dynamic Return which both are used to increase the profit on losing trades, which the 60 Seconds Feature in reality adds 2 additional risk factors with every trade:
60 Seconds Trading – Risk Factor 1 Trading on a short-time frame doesn’t allow a trader enough response time to enter a second trade in case the trend changes it’s course which if you compare to an hourly expiry where a trader can enter multiple trades during the hour and attempt to ‘break-even’ and save the trade given that with an hourly expiry the ‘window of opportunity’ for a response is bigger than with a 1 minute trade with binary options.
60 Seconds Trading – Risk Factor 2 Trading on a short-time frame doesn’t allow a trader to apply Fundamental Analysis or use Market Related Indicators for a price trend as it would be beyond impossible to predict a trend associated with anything from the “Macro” over 1 minute time frame. Keep in mind that with most brokers you can switch the asset’s expiration from 1 hour all the way up to 1 month or even a year at a time. The longer you hold the asset for, the easier it becomes to identify a trend from the markets and associating your Fundamental Analysis research with the price movements displayed on the graph.
60 Seconds Conclusion
Over All my conclusion in regards to the 60 Seconds Feature is that it’s too risky, and can be easily classified as gambling. I don’t recommend using the Ioption Rapid Fire Trading Pattern and instead I recommend focusing on an hourly+ binary options trading pattern such as the Double Profit BO Trading Pattern with Candle-Sticks Charts and Correlation Analysis which also works great on hourly expiry trades!