Online investing is getting popular than ever and traders are enabled to invest in various types of financial instruments, depending on their preferences. Traders can choose from vast amount of trading options, that include CFD trading, binary trading, forex trading, scalping, swing trading or similar.
Each type of online investment has its own benefits and it asks for the different type of trading strategy. The type of investment also varies upon the amount of risk trader is willing to accept. In this article we have chosen to discuss short term trading – also known as 60 seconds binary options trading.
In further text, traders will find out more about this short term trading type and how to maximize their profits with this trading option.
Why is 60-seconds Trading so Attractive for Traders?
60-seconds trading is mostly attractive because of extremely high profits. The reason for this short-term option to be so profitable is because it is very hard to predict the values of assets in just 60 seconds. Besides very high profits, 60 seconds trading gained so much popularity among the biggest binary brokers. If you are searching for a reliable broker that provides 60seconds trading, you can try trading with Banc de Binary, 24option, Opteck, IQoption etc. In order to keep constant profits with 60 seconds trading, traders need to create a real trading plan they will follow.
Along with brokers, 60-second trading is also available with several binary options robots where traders can activate this feature and include it in their trading plan. Traders who are not trading experts are recommended to trade with binary robots first because this way their robot will take over in spotting potential trading opportunities.
Consider These Facts Before Trading 60seconds
In order to be successful in trading with this short term option, traders must consider some important factors before they start.
If you are are a binary newbie, it is highly recommended to first find out how trading platform looks like. Register for free with one of the brokers (you can do it with brokers we have mentioned earlier) and try to get demo account first. Investing hard-earned money without knowing anything about the trading platform or its features is usually not a very good idea.
Instead of starting unprepared, traders are recommended to register with a demo account and to test the platform first. Demo accounts usually provide the same trading features so traders can get the feeling for real trading. Demo accounts welcome traders with virtual money.
Demo accounts enable traders to learn about the efficiency of the certain trading platform, they allow placing trades on underlying assets and to get a feeling on how short-term trading looks like.
How to Start Trading 60 Seconds?
This short trading option enables traders to place trades on various assets available on broker platform. Traders need to decide if the market direction of a certain asset will rise or fall. There are two ways traders can trade 60seconds trading, manual or automated.
If a trader has decided to place trades manually, he must register with a reliable broker of his choice, make a deposit and decide which assets he will trade. Manual trading implies that traders have a certain amount of trading experience and knowledge about binary options and short term trading. If the trader doesn’t make predictions on some financial calculations, his results won’t bring him any benefit. Traders that choose to trade manually are usually trading experts that have a high level of knowledge in this field.
Those who would like to invest in 60seconds trading but don’t have a clue on how to generate signals on their own, they have the opportunity to do it through binary robots. One of the robots that supports short-term trading with reliable binary brokers is Binary Options Robot. By trading with binary robots, traders can create their trading strategy and focus on trading assets.
Besides trading with Binary Options Robot, traders can choose to trade with different expiry times, not just short term trading. Traders are also welcome to diversify their trades by trading with multiple brokers and to invest in different assets. Find out more about trading with Binary Options in Binary Options Robot review.
How to Manage Risks While Trading Short Term Trades?
It is highly attractive to trade 60second trading because of the high return rates. Short term trading is also more interesting because traders can get instant profits and they can place many trades on various assets.
When it comes to managing risks, traders usually limit them by defining what amount they plan to invest per every trade. The general rule in binary options short term trading is that traders don’t invest more than 2% of their investment amount. If traders take care of their risk control management opportunity to make profits will be bigger.
Trading with binary software enables traders to set preferred amount for every trade, so basically they can make a trading plan where they will define the amounts they are willing to invest.
Conclusion: Trade or Not to Trade 60seconds Binary Trading?
Traders have to be informed about the high risk they will encounter when trading 60seconds trading. It is not impossible to profit from this short term options, it just takes more effort to predict if the value of the assets will rise or go down. We all know that market is based on frequent and volatile movements. When trading with 60seconds options, traders have to build their risk management and create their own strategy in order to become successful in this binary options niche.
If you are a passive person and still don’t have much trading experience with 60second trading, we recommend you to try trading with Binary Options Robot first. This user-friendly binary robot will take care of all complicated things you are not familiar and let you decide on trading assets, investment amounts, and risk level.
As proven by the experience, traders like to trade 60seconds because they present quick and profitable to make profits. Traders don’t even need to have deep knowledge about specific financial calculations, they could choose to trade with a robot instead.