60 Second Binary Options

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 70% on your initial risk size. Thus, if you risked $100 then your profit will be $70. Here's the kicker, you just made $70 in 10 minutes!

Unless your job pays $420/hr, $70 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 $70 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 $4,200 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 24Option by clicking the banner below.

The reason why I recommend 24Option is because they were among the first few brokers to introduce 60 second binary options in the industry. In addition, their minimum deposit is only $250, 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!

"Go with the flow"

Intro: Out of all the strategies, this is the simplest one because you're not really analyzing anything, you're simply "going with the flow".This strategy only works between 8AM and 12PM Eastern Standard Time. The reason being is because it relies on liquidity and volatility of the market overlap between London and US markets. Without liquidity or volatility, this strategy does not work effectively.

Setup: Open up your favorite charting platform (see the tools tab), I personally like using www.FreeStockCharts.com for this. After you've loaded charting platform, switch to the 1 minute timeframe and pick your favorite asset (I like EUR/USD and GBP/USD). Once everything is loaded, zoom out until you see about 4-6 hours worth of bars on the chart.

Precaution: If you see a few segments of consecutive same color bars then it's a good day to use this strategy. If instead, you see the bars constantly change colors then today is not a good day for this strategy.

Strategy: Basically, what you're looking for is 3-4 consecutive same color bars in a row. Once this "flow" has formed, just follow it in the same direction. Only trade once per bar and keep going in the same direction until you lose 2 trades in a row. After you lose, stop trading and wait until you see another 3-4 consecutive same color bars form again. Once this happens, you can start trading again.

Tip: The best way to enter a trade is within the last 10 seconds of the bar, i.e., between XX:XX:50 and XX:XX:00 of every minute.

"Initial push?"

Intro: This is still relatively simple in comparison to strategy #1 but it requires more attention. Hence the name of this strategy has a question mark in it.

Setup: Once again, open up your favorite charting platform and load your asset of choice on the 1 minute timeframe. Unlike strategy #1, zooming out is optional.

Once everything is loaded, click on the "add indicator" button and scroll down until you see "Stochastics". Click on it and it'll appear on the chart. Once there, it should be loaded with the default settings "Stochastics 12 %K3 %D5". You have to modify the settings to "Stochastics 14 %K3 %D3".

Precaution: The default settings are a bit too "slow" for 60 second binary options, the modified settings should adapt more quickly to the changing price movements. So make sure you change the settings.

Strategy: Whenever the Stochastics line crosses the %D, you'll trade the next 1 minute bar in the same direction of the cross. Enter the trade as soon as the next bar opens (within the first 5 seconds) for the best entry. Note: This strategy only works for the next bar and for one bar only.

Tip: The most "effective crosses" occur at the top and bottom of the Stochastic indicator window. Thus, you're looking for cross down's above a value of 80 and cross up's below a value of 20.

As you can see in the example below, the strategy is awesome for the first bar after the cross.

Crossing the boundaries!

Intro: Out of the 3 strategies, this is the most complex because it has 2 rules to prevent fake signals, it also requires you to be patient and pay close attention.

Setup: Open up your favorite charting platform and load your asset of choice on the 1 minute timeframe. This strategy requires you to zoom in to the point where you can only see 1 hour worth of bars. Once everything is loaded, add the indicator called "Parabolic SAR" and keep it on the default settings "Parabolic SAR 0.02 0.20".

Strategy: You're basically watching for price to cross the Parabolic SAR. As soon as price crosses, this is when you start to pay attention.

Rule #1: If the next bar after the cross is in the same direction as the cross. Then enter within the first 5 seconds of the next bar and continue trading in the same direction (like in strategy #1) until you lose 2 consecutive trades then stop and wait for the next cross.

Rule #2: If the next bar after the cross is in the opposite direction as the cross then the signal is voided and you don't trade. Wait for the next cross to happen before you start paying attention agan.

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  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.

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  Economic Calender

  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...

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  Forex Pros

  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.

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  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.

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  Net Dania

  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.

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  Bloomberg TV

  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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