60 second binary options demo account 10 minute strategy
Overall, the Fibonacci level held well and ended up being the low for the entire trading day. But second options do have a decent amount of randomness to them due to the brevity of the active trade span. I did not take a put option trade at 1. I also did not take any trades around the 1. I did, however, take a put option on the 1. I did not trade the initial touch of 1. So I decided to take the put option after the initial rejection of 1. Nevertheless, price swiftly moved above my entry and I ended up with a losing trade here.
For these trades, I used the same price levels I was using on the 1-minute chart — 1. As a result, I traded in the same price areas as the second trades, although I took these minute trades only until the price had been previously rejected on a prior five-minute candle.
My first trade came on the 1: Price had previously rejected the level on the 1: This trade finished three pips in favor. After that, as seen from my second trade rundowns, the market advanced back up to the 1. Therefore, these options let you jump into the flow of the market, and get out of the trade quickly before a major reversal occurs.
This allows you to seize every possible opportunity, and potentially rack up some big daily gains. While you can trade a lot in a day with 60 second binary options and potentially make a lot of money, you could also lose a lot. Good set-ups often take time to develop, and therefore by using 60 second binary options you may be distracted by mediocre or poor trade set-ups, missing the good ones.
This means you will need to have a very high win rate when trading. Ideally, 60 second binary options should be used for just that—seizing high probability short-term opportunities. Lower payouts also signal that these options should be used sparingly. Over the long-run you need to win about 6 out of 10 trades to breakeven.
To make a decent profit your win rate will need to be higher. 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?