How to trade 1 minute Binary Options – Guide for beginners

In this trading strategy, you simply have to predict whether the price of an asset will increase or decrease before the trade expires. If you think the price will increase, you can choose the call option. But if you think the price will decrease, you can select the put option.

For accurately predicting the market, you can win a predetermined payout of between 60% to 95% on the traded amount. But you will lose all the traded amounts by wrongly predicting the market. 

Advantages of 60 seconds trading:

• The main advantage of 60 seconds trading is that it gives you the power to trade as much as you want. It is possible because your trade gets complete in 60 seconds or as fast as you click the mouse. 
• Using this trading strategy, you can take advantage of the short-term opportunities without worrying about expiry time or time frame. You can easily buy a call or put and then wait for 60 seconds. 
• You can also freely trade multiple assets and can have multiple trades with all expiring at once. This strategy lets you capitalize on strong market moves effectively. For example, if a currency pair has a strong entry, chances are it will stay strong for the next 60 seconds as well. 
• If you choose such an option, you can trade out quickly with your option expiring in the money. In addition, you can make successful trades if you have better market knowledge and skills to determine market strength. 

Disadvantages of 60 seconds trading 

• 60 seconds trading brings a huge advantage to trading multiple times a day, but there are many risks. First, there is a disadvantage of overtrading, which might ruin your trading portfolio and make you lose the traded amount. 
• Traders tend to do overtrading to catch up with the market move. But these aren’t profitable trades. 60 seconds trading is often seen as poor trade set-ups, which might make you miss out on the good trading styles. 
• Not to mention that the payout on the 60 seconds trading is comparatively lower than the other trading types. So, you need a high win rate to win better payouts. This trading style makes you lose 100% of your traded capital while you only make 87% for example. 

Our recommendation: Pick the best broker for binary trading!

Tips to win 1-minute Binary Options trading:

Below are some common tips you can follow to win the 60 seconds trading style. 

1. Stick to your trading strategy 

60 seconds trades usually make the mistake of not sticking to the 60 seconds trading. While over-trading, many traders stop following the strategy, making them lose money. 

Not just beginners but many experienced traders are also guilty of not following a decent trading strategy and making terrible trading decisions. Trades do not analyze the market properly and charts. So, when they throw money into short-term trades, they do not yield any profit. 

So, the best thing you can do is come up with a strong trading strategy and stick to this. No matter what you feel about the strategy, do not trade without it. You must follow the numbers and indicators on your chart to avoid making silly trading decisions. 

Trading with a strategy will also keep you stress-free and enhance your trading portfolio. You can surely make a lot of money in a short span of time, but it is not that easy. 

(Risk warning: your capital can be at risk)

2. Avoid betting huge money 

Another thing to keep in mind is to avoid getting a huge amount of money on the trading. During 1 minute of trading, one can easily start overtaking, which can become problematic later. 

If you are overtrading with huge amounts of money, you can easily risk your trading portfolio and financial independence. So, it’s better to trade only an amount you can afford to lose. 

3. Set the number of trades 

One important thing that you can do to avoid overtrading is setting the number of trades you will execute each day. Make sure that you do not cross the set range. You can also analyze your performance over time to check whether you have overtrained or not. 

The temptation to trade more is real, but you need to take a deep breath and step away from your computer. Do not surrender to the temptation, as it’s the same itch that gambling feels. 

You will surely find many better 60 seconds trading opportunities. So, you must try to avoid the feeling of trading more. 

(Risk warning: your capital can be at risk)

4. Do not try to make up for the loss 

One thing that you must not do is try to make up for the loss. Remember that binary options are a risky trading market. That means you will lose money. So, if you try to make up for the loss, you are likely to lose money. 

It happens because when you trade to make up for the loss, you trade without any goals or strategy. You are trading out of desperation, which will not make you win the money. 

It’s common to feel desperate to win after losing a series of trades. However, you must not let your emotions drive you, as doing so might make you lose even an easy trade. After losing a series of trades, the best thing to do is stop trading for a while. 

Take a rest and resume your trade after a few hours. This way, your mind will get relaxed, and you will find yourself in a better position to make better trading decisions. 

5. Don’t think you know it all

It’s common for traders to think they have the good market knowledge and don’t need to analyze the market. Unfortunately, this is not true because the binary options market is volatile. It can change anytime. So, even after trading for so many years, there is a high chance that you might still not have properly understood the market. 

The best traders are the ones who always check the market to understand the asset’s price pattern. It helps them accurately predict the market and win a huge amount of money. 

Choose the best binary broker for 1-minute trading

If you want to trade 60 seconds binary options without facing any severe loss, you should choose a reliable binary options broker. Almost all the brokers offer 60 seconds trading options, but not all of them can be trusted. 

We have tested some brokers and have mentioned only the best ones in the post. So, if you want to try this trading strategy, make sure you choose one of the brokers that are recommended in this post. Also, use the demo account to sharpen your skills. 

Our recommendation: Pick the best broker for binary trading!

Quotex

The most popular binary options broker for 1-minute trading is Quotex, built using state-of-art technology. This broker lets you experience non-stop trading with quick withdrawals, instant trade execution, 

This trading broker has a minimum deposit fee of $10 and lets you execute a trade with as little as $1. It’s perfect for beginners and expert traders as it offers bonuses, contests, and promotions. The return on investment is up to 98% with this broker.

IQ Option 

The next broker is the IQ Option, considered one of the most respectable brokers. It offers a diverse range of binary options with a payout percentage of 95%. 

The options that IQ Option offers can be traded at as low as $1. Plus, you get access to a demo account with $10,000 dummy money. In addition to binary options, this broker also lets you trade FX Options, digital options, forex currency pairs, and multiple CFDs.  

You can easily deposit the minimum account, fill in your details, and get access to the real trading account of IQ Option. 

Expert Option

Our last recommended broker is Expert Option, which offers global service. This platform offers its amazing trading service in around 48 different countries. What’s better? Well, this platform works on all the devices and lets the trader select from over 100 assets. 

ExpertOption offers access to six trading accounts, where the first trading account has a minimum deposit of $10. You can also use social trading to enhance your trading skills and easily study VIP clients. 

Conclusion

1-minute binary options trading strategy is fun and lets you trade multiple times a day. You can exit the market in a minute with a huge payout. This trading strategy is equally risky. 

If you do not have a good trading understanding or market knowledge, you might lose all the traded amounts. Also, this trading includes a high risk of overtrading. You must avoid overtrading to limit your losses and become a trading expert. 

(Risk warning: your capital can be at risk)