Profitable strategy for binary options 60 seconds trading
How to setup the […]. The SuperSignal strategy for binary trading is, according to our opinion and experience, one of the best low timeframe strategies. It should be profitable if all indicators were used and money management rules obeyed.
Beware of the occasional occurrence of false signals and open trades at your discretion. How to set up the chart Timeframe: GOD strategy is said to be one of the most successful strategies for binary options with one minute 60 seconds expiration time. But is it true? This trade might seem a bit puzzling at first given a new high for the day had been established and that momentum was upward.
But by simply watching the candle it seemed that price was apt to fall a bit. It was also heading into an area of recent resistance so once it hit 1. For this trade, the high of day initially made on the 2: I had intended to take a put option at this level on the 3: And then for maybe seconds, my price feed was delayed and by the time it the connection was recovered it was over a pip above my intended entry.
I did end up using the 1. I took a put option on the touch of the level. Once again, I used the current daily high of 1. But price busted through and this trade lost. Another fifteen minutes passed by before I was able to take another trade set-up. This time, I used 1. This trade was probably my favorite set-up of the day and was aided by the fact that the trend was up.
It turned out to be a winner. For put options at this point, I had an eye toward 1. So I decided to take a put option at the touch of 1. This trade turned out to be a nice four-pip winner. My final trade of the day was a call option back down at 1. This was another good four-pip winner.
After that I was waiting for price to come up and see if 1. And one such example are the second binary options. This type of trading has become quite popular over a couple of years and a lot of trading brokers are now offering this trade to the clients. Contrarily, 60 Seconds might not be ideal for all traders. Careful approach is required for money management. Similarly, one needs to have the ability to identify the potential trading opportunities at the right moment. With clear trading plan and appropriate market conditions, you can utilize 60 Seconds effectively, whereby making substantial profits within a small period.
Any Forex trader might tell 60 Seconds binary options as a sheer gambling. As a matter of fact, it is, but only when you have no clue of what you are doing. Simply knowing that a strong strategy together with money management can fetch you profits will not be enough. Instead you should understand the logic behind the strategy. However, you should equally have experience in price action.