Betting on 60 second options is a huge rush. It is the fastest trade available on the internet available today. You can literally make or lose money in one minute flat. If you are good, you can make more cash waiting in line to pick up McDonalds for lunch than the cashier makes all week! It’s unreal. It’s fun and it’s exciting to bet 60 second binaries. This post lists the best one minute binary options brokers and gives the basics of how to trade a 60 second option.
If you are good, you can make more cash waiting in line to pick up McDonalds than the Mickey D’s cashier makes all week!
Trades open and close in one minute flat. The question you have to ask your self is, do you think the price of ‘x’ is going to go up or down one minute from now. Place your bets! Yes it sounds like a huge flip of the coin, and in many aspects it is! It is hard to know what a certain price is going to do over the course of just seconds so winning these trades is not easy. It is possible and plenty of people do it but it is not something that you can just start banking crazy money without skill.
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Sounds Awesome! Where Should I Bet 1 Minute Binary Options
Wise, young grasshopper it is smart to research the best places to trade and especially the places to avoid. I will not keep you in suspense where you should be betting sixty second options.
- 24Option.com – They added one minute options at the end of 2012. One of my favorite all around brokers. *No USA Traders as of June 2013.
- Finpari.com (USA ok) – 30 and 60 second options are available all trading session long with very competitive returns
I hear you asking yourself “Why so few options, FastBinaryOptions.com?”
Good question, the force is strong with you. The truth is there are a bunch of different brokers out there that offer this type of trade but I wouldn’t deposit my money there and you probably shouldn’t either. Learn from others mistakes and go with the reputable binary options websites. There are only a few worth trading at. We can safely count on one hand the sites we would deposit and trade sixty second options at. And those are the few listed above. There are plenty of other brokers out there that offer this speed of expiry however we do not trade there.
The one exception I would like to take a minute to point out is the fantastic broker that is now no longer available to US binary options tradres. If you are outside of the US, Banc De Binary (www.bancdebinary.com) is another fantastic choice for the 60 second trades, however in January of 2013 they stopped accepting US traders as they are attempting full regulation via the US regulators and have temporarily stopped accepting US traders to get the proverbial ducks in a row.
Strategies, Tools & 60 Second Signals
Most traders use price action trading when dealing with the short expiry times. This means watching the candlestick charts to see what price is doing in near real time and finding entry points that make sense. IE, price has been going up but there is always a mini rebound along the way. Find the top of the crest and bet with a ‘put’ (meaning you think the price will fall) and hold on to your hats.
There are plenty of strategies that can be found searching the trading forums like trade2win or binaryoptionsdaily. However there is a very limited selection of quality signal service providers. We did some google searching found one on google that is selling a signal service called binaryoptionsxposed.com. I have not tried this service personally, however after researching it more in depth we were not impressed with the results enough to consider it worth trying ourselves. If you want to give it a go and leave some feedback on this post, go for it. If I am going to use a signal service it is going to be on a more proven signal provider like BOTS where a live trader (Franco) trades and you copy him.
Is there a reliable 60 second option signal provider? I want someone to do it for me! The best one we are aware of today is a service called ‘BOTS’ or ‘Binary Options Trading Signals” and it is a service where a professional trader is making trades live and you watch his screen and listen to him explain why he is doing what he is doing. Not all of his signals are on the 60 second mark, and the last time we used the service the majority of bets placed were on the 15 minute time frame. Franco is trading at 24option, however many of the followers seemed to be using TradeRush for their 60 second trades and just mimicking what Franco is doing over at 24 option.
The short answer is that you will probably do better with a signal service on longer expiry times. Trade the 60 second options for the thrill of the bet. It’s more profitable to take signals on longer expiry times, but more entertaining to bet one minute binaries on your own. Professional trader signal services are a great addition if you are betting big bucks but are certainly not required to win. If you want to bet, just start small and get your feet wet. It is a whole lot better to lose a $5 60 second bet on TradeRush than a $50 bet because you thought you were able to jump right in without developing a price action strategy you like.
A couple of useful links
Here is a link to a guy who does a quality explanation of trading binary options in general.
You can get a FreeStockCharts.com account to watch 60 second candles without needing an account at a broker like Oanda.
If you are ready to do a little gambling on the shortest options on the planet then all you have to do is deposit a few hundred bucks at one of the legit brokers listed above. You can find reviews and learn more about my short list of brokers over here to help you get started picking the right place for you. Remember, the trades are simple but winning is not easy. You can lose money if you get carried away so make sure you are only betting with money you can afford to lose or you might end up asking:
Would you like fries with that?
I’m ready to bet 60 sec options now at Finpari!
- See research on the 60 second option signals
- Recommended Brokers
- 60 Second Binary Options Trading Tips