Disadvantages of 60 second binary options strategy forum
Handling a chart platform with 1 min time frames. On the one minute chart you see where I entered the market. As I am buying Low options I would need a red candle for my trade to close in the money. At the end I won 5 trades, lost 2, and 1 was neutral. As you see on the chart going for a 9th trade would be also in the money but it is too risky.
My aim is to close successful trades when I am on 3rd or 4th level of investment and then I am out. This strategy is recommended to implement when the market is choppy. My final word is: There are many binary brokers offering 60 seconds trading but only a few will allow you flexible investments. You have to find the best broker which will fit your trading strategy. The martingale system is not recommended. It is a casino system.
We created a better 60 seconds strategy You can try it and share your feedback. Yes this strategy is very risky in that all it takes is three or four losses in a row and you will be suffering massive losses that can wipe out your account.
I think the best time to use this strategy is not when the market is choppy, but when the market is trending is only one directions. For example, if the price is trending up, keeping buying Calls for every trade. A choppy market will only increase your chance of getting a losing trade and getting multiple losses in a row.
While an upward trending market, for example, will increase your chances of winning on a Call trade most of the time. I have been hearing positive feedback about it from my friends who are into binary options, but it looks very difficult for me. This probably works well with those who want instant gratification and are adapted to day trading stress.
You have to be thoroughly knowledgeable to try 60 seconds, though. I believe the 60 sec strategy is not yet for me as I am new to binary option. Yep, you are right, better try it first on a demo account before blowing your cash in 60 seconds ;. Most probably I wouldn't use it again as it is too much stressful and you can blow away all your account in a few minutes.
Theoretically you could make a trade every few seconds, or basically as fast as you can click your mouse. This allows you take advantage of any short-term opportunities you may see, without needing to worry about finding an expiry time that suits your timeframe.
Simply click to buy a put or call and wait 60 seconds. Trade multiple assets and you could have multiple trades on at one time, all expiring within a very short timeframe. From a trading perspective 60 second binary options allow you capitalize on strong market moves effectively.
Therefore, these options let you jump into the flow of the market, and get out of the trade quickly before a major reversal occurs. This allows you to seize every possible opportunity, and potentially rack up some big daily gains. While you can trade a lot in a day with 60 second binary options and potentially make a lot of money, you could also lose a lot. Good set-ups often take time to develop, and therefore by using 60 second binary options you may be distracted by mediocre or poor trade set-ups, missing the good ones.
This means you will need to have a very high win rate when trading. Ideally, 60 second binary options should be used for just that—seizing high probability short-term opportunities. Lower payouts also signal that these options should be used sparingly. Over the long-run you need to win about 6 out of 10 trades to breakeven.
To make a decent profit your win rate will need to be higher.