60 Second Binary Options
If you don't know about 60 Second Binary Options then you're missing out on a money making opportunity!
You can make up to 81% returns every 60 seconds!
The profits can literally pile up in a matter of minutes!
- You Only Need $200 to Start Trading!
- Get 100% Deposit Bonus!
- Get up to 81% Returns!
- Trade Commodities, Forex & Stocks!
What are Binary Options?
If you've arrived here looking for 60 second binary options, chances are you already know what binary options are. But just in case you don't, I'll briefly explain.
Binary Options as the name implies trades in two (2) directions: up and down.
> If you think the price of the underlying asset is about to go up, you'll buy a call option.
> If you think the price of the underlying asset is about to go down, you'll buy a put option.
Pretty simple right? Well it gets better, unlike traditional financial instruments like Forex or Stocks, you don't have to worry about closing your position. That's the beauty of binary options, you only have to worry about your entry price. This is because all binary options have their respective expiry time.
Example:Let's say it's 9:35AM right now and you're watching EUR/USD and you think price is about to go up. You'd then place a call option at the current price to expire for 9:45AM. If by 9:45AM, the price of EUR/USD is higher than your entry price then you'll profit up to 81% on your initial risk size. Thus, if you risked $100 then your profit will be $81. Here's the kicker, you just made $81 in 10 minutes!
Unless your job pays $486/hr, $81 in 10 minutes sounds pretty good, wouldn't you agree? So there you have it, that's how binary options works. Now let's talk about 60 second binary options.
60 Second Binary Options
As the name implies, these binary options only last 60 seconds. Regardless of when you enter, they expire 60 seconds from your entry time. So if you entered the trade at XX:10:05 (5 seconds past the minute), then it will expire at XX:11:05 (5 seconds past the next minute).
Remember how you thought $81 in 10 minutes was amazing? Well, what if we shrink that 10 minutes down to just 60 seconds. I don't know about you but $4860 an hour sounds pretty good to me. However, please keep in mind this is just hypothetical.
Depending on how old you are, you might have a heart attack trading 60 second binary options for an hour. Everytime I'm done trading these, my heart is usually left racing. So I highly recommend you pace yourself, there's enough profits to spread around, there's no rush (pun not intended).
Today is your lucky day, because I'll provide you with 3 (relatively) simple strategies for 60 second binary options, so that you can start profiting today! However before you can, you'll need a binary options account. For this, I recommend you sign up with Trade Rush by clicking the banner below.
The reason why I recommend Trade Rush is because they were the first broker to introduce 60 second binary options in the industry. In addition, their minimum deposit is only $200, so you don't need a lot of capital to start trading. It only takes a few minutes to create and fund your account, then you can start profiting!
Binary Options Strategies Exposed
Binary options strategies come in all shapes and sizes but when you really take a closer look there are really just two overriding themes, speculation and hedging. In the following paragraphs we explore the most common speculation and hedging strategies used in binary options trading today.
Speculative Binary Options Strategies
Speculative binary options strategies typically consists of a trader implementing a some sort of technical analysis to pick high probability binary options entry points. Candlestick charts are used pretty extensively in these types of binary options strategies as they are pretty adept at identifying short-term trends, something all binary options traders strive for. When implementing speculative binary options strategies, traders tend to wait until the last few minutes prior to the lock out period to place a trade. Waiting until the last minute to place the binary trade minimizes the amount of time the trader needs to be correct in his/her short term directional choice. Stocks tend to move around a bit and it is very common for trends to reverse after a few minutes, so the shorter amount of time the trade is exposed the better for speculative binary options strategies traders.
Hedging Binary Options Strategies
On the extreme opposite end of speculation lie the hedging binary options strategies. While the speculative traders take on massive all or nothing risk in their trading activities, hedgers prefer to place a trade early in the expiration cycle, monitor the performance, and then decide on an appropriate action plan to ensure maximum gain and minimum loss. Hedgers usually implement one of three strategies during the expiration cycle.
1) Purchase a binary call (put) option early in the hour and, if the stock moves in the appropriate direction, purchase the opposite binary put (call) to lock in a profit zone and minimize the amount of downside risk.
2) Purchase a binary call (put) option early in the hour and, if the stock moves in the appropriate direction, purchase another binary call (put) to essentially double the trade amount.
3) Purchase a binary call (put) option, and if the stock moves against them, quickly purchase the opposite binary put (call). This strategy essentially locks in a loss unless the hedger is able to place another trade to create a profit zone.
Free Stock Charts
www.FreeStockCharts.com is a browser based charting platform that provides free charts in real time for Forex and Stocks. It has the basic chart analysis tools along with some other interesting features as well.
There are many sites that offer economic calenders but I like the one on www.ForexFactory.com since they focus on the important events. Other sites like Forex Pros will list some of the "nonsense" events as well...
Unlike the other two charting platforms, www.ForexPros.com is more of a "central hub". Meaning, they have everything here: articles, news and charts. However, quantity doesn't not equal quality... I personally prefer Free Stock Charts.
Financial Market Hours
As I mentioned in Strategy #1, 8AM to 12PM EST is the market overlap between London and US Markets. Visit www.ForexMarketHours.com to see when each of the 4 global markets are open.
www.NetDania.com compliments Free Stock Charts, in that it focuses on Commodities and Forex. As such you should utilize both charting platforms if you wish to trade Commodities, Forex & Stocks.
Why read the news when you can watch it? You may not know this but www.Bloomberg.com/tv offers a free internet stream of their financial shows. I usually leave it on in the background to listen to what they're talking about.
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Last updated May 1, 2012
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