Day trading has traditionally been met with a lot of criticism, mostly because of the fact that it entails a lot of risk, and this isn’t always well publicized. A lot of people move toward this, and then end up losing thousands of dollars, sometimes enough to ruin their families financially. Luckily, there is an alternative to a life of day trading stocks. It gives you a high profit rate and minimizes the amount of risk that you will be taking on in a big manner. With binary options trading, you can trade stocks, indices, commodities, and Forex currency pairs, all from the same broker. And the good news is that you don’t need a ton of movement to make a big profit like you would with day trading. Thanks to 60 second binary options, a profit of a single penny can lead to a 70 percent return or more on your investment. That’s fast even through the lens of a professional day trader.
Many brokers offer a wide array of choices when it comes to their 60 second options. These mostly include currency pairs, but you also will be given access to the hottest stocks and indices, too. The selection is up to the broker themselves, but with a little looking, you can almost always find what you’re looking for. Just remember that most binary brokers only include the most popularly traded stocks on their asset list. This typically includes companies like Facebook, Apple, GE, and Microsoft, just to name a few.
There are a lot of benefits to 60 second options, mainly that you can get a huge return in a very short amount of time. There are other benefits to this, too. It allows you to minimize a lot of risk, mostly because of the fact that you are putting up a lot less money to earn the same types of returns as you would with a day trading strategy. You can risk more if you’d like, but one of the safest strategies with binaries is to string together many smaller trades–and this has proven to be even more profitable most of the time than a few big trades. The reasoning for this is pretty simple: binaries consist of an all or nothing nature. With a 70 percent return, if you risked $1,000, you would gain $700 in 60 seconds if you were right. Not bad, right? But if you were wrong, you would lose all $1,000 of your risked amount. Instead, try stringing together ten $100 trades. If all ten were right, you’d gain the same amount, but odds are all ten will not be right. Let’s say you get eight right; that’s still a $360 profit, which isn’t bad for about 20 minutes of work.
Is $700 in 60 seconds better than $360 in 20? Yes. But the odds of that $700 actually happening are much lower than the odds of the $360 happening. Most people would take the higher chance of a smaller profit if they had a choice. It’s not quite as attractive, but it’s much more realistic and it helps you to make sure you’re not putting all of your eggs in the same proverbial basket. It’s a diversified approach that helps you to guarantee a profit, even if the amount is a little smaller.
60 second binaries are a cutting edge trading tool, and they have a ton of potential for you to maximize profits. There is a high amount of variance with these, so they shouldn’t be your only binary strategy, but they do play an important role in helping you to make as much money as possible in a short period of time. When used right, they will help you out very much.