You can make more money in 1 minute than others do all day. Hang on to your seats! Trading 60 second binary options is exactly what it sounds like. With one minute options, you can open and close trades in as little as 60 seconds. This is the absolute fastest trades you can make online. They are fast, exciting, risky and fun. If you have what it takes to trade the fastest expiration times in binary options then you are going to love tradeing 1 minute options. There are benefits and drawbacks to trading this short timeframe.
You should familiarize yourself with the advantages and risks before you decide to get started. The biggest advantage is that obviously you can make money very fast. You can trade very small price movement. Moves which would do nothing for you if you were trading the hourly timeframe or a daily timeframe.
These movements could make you a huge amount of money on the second chart since you could place multiple trades going the same way to profit from strong trends. As your risk would be higher with the quick trade , you stand to win or lose a lot more money.
You can win quickly, but you can also lose just as quickly. The other main advantage or disadvantage of the short time frame is psychological. There is a certain type of person for whom short term trades are ideal. There are advantages of trading 60 second options and disadvantages. But we encourage you to consider starting out on a slower timeframe first so that you can learn how to trade binaries responsibly.
When I was first getting into trading these 60 second options the charting setup was fairly straight forward. I was using candlestick charts of course and had them down on the 1 minute time frame. Start looking at 1 hour charts, whittle down to shorter and shorter candles. Decide if the overall trend is bullish or bearish. Keep working your way down to the smaller charts. Draw resistance lines at the 5 minute charts. Use these as your guides to play price action. Look for opportunities to bet with the overall trend based on the candle formations once you have whittled down to the 1 minute chart.
What are the advantages of trading the second timeframe? Every Second Counts — Trade with 24option. Your capital is at risk. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved!More...