Generally, the 60 Second Binary Option Trading Strategy forms part of a wider trading vision, so it is not often referred to by brokers and traders as a strategy. However, it can be considered as a strategy because it has specific parameters and setups that apply to it.
As the name implies, the 60 Second Binary Option Trading strategy is a quick and high risk strategy that is best used by traders with experience. It is used in short time frames, in uncertain and volatile markets, where it offers the trader the opportunity to trade repeatedly on an asset’s change of direction. Money is made from one deflection to the other. It enables the trader to trade when they would otherwise be inactive as most other strategies would not be safe to use.
Although they are very risky, they are a useful and very profitable weapon in the trader’s arsenal if they are deployed with tightly controlled risk management policies.
Where the markets are choppy but tending to range within a fairly limited band and there are otherwise no events that are likely to cause a major change of sentiment or direction, the 60 Second Binary Option Trading strategy comes in to its own.
As soon as the prices have settled into a band, the trader places Put trades repeatedly. When it appears that the market might be changing and moving out of its ranging trend, the trader stops placing trades. In the end, the great majority of trades will probably have finished in the money with only a few causing losses.
Using the 60 Second Binary Option Trading strategy can become almost addictive and lead to traders making basic mistakes when they abandon their risk management policies. The strategy should be part of a far wider trading vision and only used when there is nothing else on offer from the markets. If they are used with caution and a constant eye on risk management, they can be a very useful tool.