60 second binary options are fast becoming some of the most popular investment vehicles available to binary traders. Many are drawn to this very fast form of trading because it offers an unprecedented chance to complete a high number of trades within a short time span.
Others like the fact that 60 second options offer a quick return, enabling them to know almost immediately whether the trade was successful or not. This, in turn, enables traders to plan and make their next move much quicker than would be the case for an option with longer running time.
Regardless of why you are drawn to 60 second binary options, there are some strategies that can help you obtain success when trading with them. In this article we will look closer at 60 seconds binary options strategies.
Trading volume and 60 seconds binary options strategy
The greatest advantage of 60 second binary options is that you can execute a high number of such trades over the course of the trading day. In other words, you can enjoy the benefits offered by a high trading volume when you invest in this form of binary options.
By completing many trades per day, you reap some very sought-after benefits. Crucially, the more trades you complete, the more money you can make. But there are other plus points worth considering. Some of them are:
- In a high risk strategy, the more trades you complete, the more likely is it that you get the occasional big wins you need to make the strategy work.
- In a low risk strategy you have to make many trades in order to accrue enough small wins to earn a healthy return on your investment.
- For both strategies, losing streaks can occur. The best way to get out of a losing streak is to trade frequently. A high trading volume allows you a fast way back to winning ways.
What is important to keep in mind here is that all binary traders ought to try to make as many trades as they can per day. The reason for this is that you are hoping to win a certain percentage of your trades. Basically, nobody is going to win all their trades. Therefore a smart binary strategy is to complete many, small trades and aim to win about 70 %, rather than making an occasional big trade in the hope of winning every time.
Money management and 60 second binary options
When you invest in a 60 second binary option, you know whether you won or lost very quickly. You get your winnings paid into or deducted from your account at once. This rapid fluctuation in your funds will have consequences for your money management. For this reason money management forms a crucial part of any 60 seconds binary options strategy.
A sound money management is fundamental to obtaining success in binary trading. Your money management strategy should specify how much money you invest in each trade that you make. Based on our extensive experience, we recommend that you invest no more than 3 to 5% of your total funds per trade. This goes for all sorts of assets, regardless of risk or timeframe.
So, the great challenge in terms of money management and 60 seconds binary options is that your balance will vary very quickly. You will therefore need to make rapid and frequent adjustments to how much you invest per trade.
If you invest too much, you can end up losing more money than is sound very fast. If you do not invest enough, you end up losing out on profits you could have won if only you had upped your spending.
Because of the high trading volume available when investing in 60 second options, you should pay especially close attention to money management when trading in them..