60 Second Binary Options
60 second binary options are a dynamic, high-risk form of trading. The shorter window means you can place more trades, which can increase both potential gains and potential losses. Of course, the reality is a little more complicated. In this guide, we cover 1 minute binary options trading strategies, alongside the rewards and risks. We’ve also listed the best 60 second binary options brokers below.
Top 60 Second Binary Options Brokers
These are the 4 best brokers with 60 second / 1 minute binary options:
List all Binary Options Brokers
60 Second Binary Options Explained
1 minute binaries work in the same way as a standard binary options contract, except they expire in just 60 seconds. Traders essentially wager on whether the price of an asset will pass or fall below a certain point at expiry. The 60 second window is not unique to binary options, but it is popular with active traders seeking quick results.
In line with standard binary options, the potential profit or loss is generally known prior to execution. The biggest difference, of course, is the expiration period. The shorter window means 60 second binary options trading requires a careful strategy, not to mention a generous risk appetite.
Because it’s a popular binary contract expiry time, many platforms we’ve used, like Pocket Option below, have a preconfigured 60 second/1 minute expiry, that you can select in the order panel.
Trading Strategies
60 second binary options trading requires a considered, proactive approach. Having a robust binary trading strategy in place not only makes it easier to take decisions, but also helps to remove psychological pressure.
Importantly, there is no one size fits all approach to 60 second binary options trading strategies, however, we have listed some of our top pointers below.
Risk Management
The basics of any good strategy is risk management in binary trading and 60 second contracts are no exception. Many traders adopt the 1% rule as a starting point.
This rule states that you should not risk more than 1% of your total portfolio on a single trade. It is used to help minimize losses and to ensure that traders can overcome smaller pitfalls and continue trading.
Charts
Your binary options chart setup should be relatively straightforward. Candlestick charts are a good place to start. Set them to the 1 minute time frame. 1 hour charts are also worth utilizing but we suggest working your way down to the shorter charts which will give you more granular data to work from, though it can also mean more noise.
Support & Resistance
Levels of support and resistance can be used to identify potential trading opportunities. The theory is that the price of an asset may return to certain price levels that reacted previously. Therefore, levels of support and resistance are the prices/zones between which the price is moving. If the price goes beyond the limits in either direction, it can be best to wait until a new level appears.
Importantly, support and resistance levels may help you make better predictions since prices generally trend towards one of the lines, though not always. They can essentially be used to inform where the price might go next. They are a good place to start for all levels of experience but particularly for those new to 60 second binary options trading.
Technical Indicators
As you gain more experience, you might also want to use moving averages to inform your predictions. There are lots of technical indicators used for binary trading to help you try and forecast price action.
As a general rule, consider setting up support and resistance levels as well as moving averages. These can help you to see whether the price is trending up or down more easily.
The Relative Strength Index (RSI) is also worth considering. RSI gives you a number on a scale of 0-100 and indicates whether the market is overbought or oversold. When the RSI is between 0 – 30, the market is oversold. When it is between 70 – 100, it is considered overbought.
Traders sometimes set a 3 period RSI for the 60 second window. This makes it more reactive to short-term price changes.
You can also check for a bullish divergence between the RSI and the price. This means that whilst the RSI moves higher, the price drops. It can be an indication of a reversal in price.
Tips for Trading 60 Seconds Binary Options
- Only risk what you can afford – as a general rule, you should not risk more than 1% of your capital on a single trade, but this can be lower.
- Find the right broker – not all brokers offer binary trading on 60 second expiries, though most of those we’ve tested do. Do your research and make the most of binary demo accounts where available.
- Avoid over-trading – it can be all too easy to get carried away. Good setups take time to develop and you should never chase losses.
- Be patient – trust in your strategy and keep a handle on your emotions.
Benefits of 1 Minute Binary Options
The key advantage of the short trading window is that you can win quickly. You can trade many short price movements in a single day compared to fewer contracts that expire over hours.
In addition, you can have multiple active trades within the same period. Finally, 60 second binary options are relatively straightforward instruments to get your head around – they generally offer a simple win or lose proposition.
Risks of 1 Minute Binary Options
However, the risks aren’t to be overlooked. Binary options trading can be riskier than investing in stocks, forex or commodities. The shorter window also creates a high-pressure environment. Big decisions have to be made in quick succession.
For those new to trading, or to binary options contracts, the 60 second window probably is not the place to start. If you make an error in a longer timeframe, you have more time to figure out where you have gone wrong and most importantly, fix it. If you are trading in the shorter window and make a series of mistakes, it is much harder to come back from. Learning how to trade this specific window is key. Don’t think that you can apply your usual strategy to this unique environment.
Because payouts are often asymmetric with 60 second binaries (you risk $X to win less than $X), the expected value can be negative without an edge, meaning you may need to win well over 50% of trades just to break even.
Although ’60-second’ binaries aren’t always named explicitly, they typically fall under broader binary options restrictions in several jurisdictions (e.g., EU/UK/Australia) and regulators like the CFTC in the US have warned retail traders about off-exchange/offshore binary platforms.
Final Word
60 second binary options trading is a high-stakes, high-adrenaline game. To succeed you will need to be disciplined, stick to your strategy and know your limits.
See our list of the top 60 second binary options brokers to get started.
FAQs
How Do I Trade 60 Second Binary Options Successfully?
Unfortunately, there is no ‘best strategy’ or secret formula for successful 60 second binary options trading. To conquer this challenging format you will require a robust strategy, nerves of steel and a healthy risk appetite.
What Is A 60 Second Binary Option?
1 minute or sixty second binary options are financial contracts traded within a window of just 60 seconds. It is a fast-paced, high-risk trading scenario, not suitable for beginners.
How Do I Trade 1 Minute Binary Options?
First, you will need to find a broker that offers binary options. From there, pick your asset class, strategy and get trading. Remember to utilize demo accounts where available and ensure your risk management strategy is comprehensive.
What Is The Best 1 Minute Binary Options Strategy?
There is no one size fits all to 60 second binary options strategies. See above for a few of our tips that can help you get started. As a rule, utilize what is available to you; indicators can be helpful tools.