Binary Options 60 Second Strategy

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Binary options is a very attractive way to play the markets, you don’t have to worry about all the technicalities so much. Instead, you only have two options: buy or sell, win or lose. However, it’s actually much more complex than that. Even though it’s ultimately a win or lose situation, there are a number of different strategies that you can implement into your trading to improve your profits.

Throughout the next few sections we’re going to talk about 60 second strategies. We’ll cover some psychological factors of this strategy, how you can create your own strategy, and we’ll also discuss the importance of refining your strategy over time.

The Best Market Approach

There are many ways to play the market, a short-term strategy is just one of them. If you are thinking about using a 60 second strategy for binary options, there are a few things that you’ll want to keep in mind.

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Fig. 60 sec Trades with BDSwiss

First and foremost, a short-term strategy is much higher risk compared to long-term strategies, but the payout can often be much higher. Your market approach is going to have a huge impact when it comes to your success; technical analysis is going to play a huge role, so you want to ensure that you have the most reliable indicators available at your disposal.

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Fig. Trading 60 sec. options with 24option.com

A short-term strategy can be advantageous because it allows you to be more involved with the market. You’re going to have more opportunities arise throughout the trading day and you’ll have no problem making a great return on your investment if you create a great 60 second strategy.

Creating Your 60 Second Strategy

Now it’s time to get into the meat and bones of this topic — you can read about 60 second strategies all day, but we both know that what you really want to do is have your own 60 second strategy that will give you a return on your investment.

The truth is, it’s not as easy at it might sound. Although, there are definitely some principles that you should keep in mind when creating your strategy:

  • Your main focus should be on technical analysis, simply because fundamentals and sentiment doesn’t have a huge factor when it comes to scalping (short-term trading).
  •  With that being said, you should try a wide variety of indicators to see which ones work best for you.
  •  Always make sure that you backtest your strategy to see what kind of results you can expect. Forward testing is also important and shouldn’t be overlooked.

Refining Your Strategy over Time

If you have been trading binary options for even just a few months, you’ve probably already realized that what works now, might not work in a few weeks or a few months. This becomes more relevant as you scale down the timeframes. Long-term strategies don’t have to be refined as often, but short-term strategies definitely do.

This is why it’s so important to refine your 60 second strategy as much as possible. You can do this by keeping a journal or a log of all your previous trades executed with your broker. Analyze these trades and you should start to see some patterns:

  • Are there certain times of the day when your strategy doesn’t seem to work so well?
  • Is a certain indicator regularly showing false positives?
  • Do you have more successful trades with a particular financial instrument?

Closing Notes

Remember that even though a scalping approach to the market can be beneficial in some aspects, it can also be damaging in other aspects. Binary options strategies that utilize short timeframes are generally much higher risk compared to those that utilize higher timeframes.

If you decide to take this approach, you should pay close attention to how your strategy develops with the market over time. Make sure that you are constantly monitoring the results that your strategy produces and refine the strategy as necessary, as we have discussed in the “Refining Your Strategy over Time” section.