With the advent of binary options several trading tools cropped up during the recent years where each and every trader was able to find a tool which fit their skills and needs . It is in this optic that Stellar Finance made it a must to offer the 60 seconds trading tool.
The 60 Seconds trading tool is also known as Short term options or the Hyper Trading Tool. As its name suggests, traders are able to make profits in a time frame of 60 seconds, one of the factors which happens to make it much appreciated among traders.
The 60 seconds trading tool however requires specific set of skills like any other tool. That is, if you are good at time management and ready for the challenge, then it is surely made for you. If you consider using it for your trading endeavors, you will for sure have an amazing experience.
Given the fact that it is relatively simple to use, it is consequently adapted to traders of varying experience level. It’s use is straightforward and it exemplifies the simplicity which binary options is all about. Basically traders need to opt for a Call Option if they believe that the price of the asset will rise, or opt for a Put Option if they believe that the value of the asset will decrease
How to make optimum use of 60 seconds trading?
Below is a list of 5 steps which guide traders to trade with the 60 Seconds trading tool.
Step 2 : Once you have a fully complied account (See the Compliance Procedures) , you can select the 60 Seconds trading tool which is located on the top of the trading platform.
Step 3 : At this stage you will be asked to select an asset and your investment amount. For this tool, you will be allowed to trade on 3 types of assets only, including commodities, indices and currencies. Your investment amount will vary according to the asset you choose starting with a minimum of 5. Then select your expiry time which will range from 60 to 300 seconds.
Step 4 : You will need to opt for CALL or PUT. If you believe the value of your asset will rise then click on CALL, alternatively click on PUT if you think otherwise.
Step 5 : At this point you have already placed your trade, you simply need to relax and monitor your trade, while waiting for the money to roll in.
The competitive edge of 60 Seconds Trading
- This tool is highly appreciated by beginners as they do not need to wait for a long time to know if their trades have been successful. It gives traders the opportunity to check their results within seconds, thus if you do not get enough time to trade, then this tool might be the right one for you.
- What is interesting about this tool is that it requires the lowest investment amount which is a minimum of 5. Hence, beginners can invest only a small portion of their trades.
- This tool generates very high profits with payouts which can go up to 78%. These payouts would depend on your expiry time and the investment amount you have placed. Higher investment amounts would lead to higher profits since there is more risks involved.
- Markets fluctuates all of the time. The value of assets changes almost instantaneously. Hence, it is advisable to seize the opportunity and place your trades accordingly to benefit from higher gains.
Our advice to trade with 60 seconds trading
- Follow economic trends – Financial assets are constantly influenced by multiple factors. As a trader it is important to keep track of economic trends as they will have a direct impact on your asset. A careful scrutiny of the market will help you to make more accurate predictions.
- Read the news – Checking the news is another important component of binary options, especially while trading with this tool. If traders follow the recent news, they will be able to understand have a better grasp of the asset they are trading and hence develop their own trading strategies.
- Use trading signals – Trading signals are key indicators as they provide valuable information to the traders. These will help you to understand how to find the interrelationships between assets.If you are trading on a range of assets, try to think about how the movement of one asset could influence its value. For instance, if you’re trading on the shares of a company which is launching a product, you might find that the value of their stocks becomes higher especially if it’s a highly anticipated product.
- Continuously learn trading strategies – There are several advanced strategies for trading 60 seconds binary options. Strategies such as risk-reversal can contribute into more consistent profits. Trading strategies help traders have a better understanding of the asset they have opted for. As a trader, it is always a good idea to plan and move in a direction where you feel comfortable.
- Take advantage of Technical Analysis – Technical analysis is essentially for traders who want to have a sound understanding of the market. Technical analysis provides statistics that are largely focused on past prices and volume which might be valuable in giving a sense of direction to traders in making their predictions.