Understanding 60-Second Binary Options Trading

Written By
G. Dautovic
Updated
February 21,2024

Definition

Quick binary options trades with a 60-second expiration time

Key Strategies

Trend Trading, Swing Trading, Range and Breakout Trading, News and Candlestick Pattern Trading

Top Brokers for 2024

Pocket Option, IQ Option, Binomo, Quotex

Risks

Rapid capital loss, high emotional and psychological pressure

Suitability

Traders who can make fast, informed decisions and manage risks effectively

60-second binary options represent one of the fastest and most dynamic forms of trading, offering the potential for rapid financial gains, all within the span of a single minute. This hectic trading style is particularly attractive for those who thrive in high-pressure environments and can make quick, informed decisions. 

However, such a quick-natured trading approach also comes with extremely high risks, which is why it’s crucial to understand all the potential pitfalls and risk management strategies before you start putting your strategies to the test and your money on the line.

How 60-Second Binary Options Work

60-second binary options trading is seemingly extremely simple. All you have to do as a trader is to predict whether the price of an asset (for example, US dollar compared to the British Pound) will rise or fall within a one-minute timeframe, and if you are right, at the end of that minute you will instantly get 70-90% of your invested amount as profit. 

If your prediction is wrong, however, you lose all the money you invested into the trade, making 60-second binary options one of the trading avenues with the greatest potential for rapidly mounting capital losses.

Binary Options Brokers for 60-Second Trading

Pocket Option

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Pocket Option Logo
OVERVIEW

Pocket Option is a leading binary options broker, regulated by the IFMRRC and offering trades in more than a hundred assets to traders around the world. The company has some of the highest potential returns on the market and one of the most innovative platforms available to binary options traders, which paired with extremely low minimum deposit requirements makes it a premiere spot for anyone looking to try out their luck and test their skills in 60-second binary options trading.

Get 50% Bonus
On Official Website
Risk Warning: YOUR CAPITAL MIGHT BE AT RISK
MINIMUM DEPOSIT:
$5
MINIMUM TRADE SIZE:
$1
MAXIMUM RETURNS:
218%
TRADABLE ASSETS:
Forex, Crypto, Stocks, Indices, Commodities

Binomo

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Binomo Logo
OVERVIEW

With more than a decade of experience and an all-around excellent and easy to use platform, Binomo is a safe choice for both beginner and experienced traders alike. The company offers a unique non-stop trading approach, free training and even cashback and insurance for higher-tier traders. If you wish to test out your strategy first, you can also use the $10,000 free demo account offered by the firm.

Get 100% Bonus
On Official Website
Risk Warning: YOUR CAPITAL MIGHT BE AT RISK
MINIMUM DEPOSIT:
$10
MINIMUM TRADE SIZE:
$1
MAXIMUM RETURNS:
Up to 90%
TRADABLE ASSETS:
Currencies, Shares, Commodities, Cryptocurrencies

Quotex

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Quotex Logo
OVERVIEW

Quotex is a well-established broker, featuring an excellent demo account and a great variety of trading assets and payment methods, all with no deposit or withdrawal fees. It also boasts one of the highest payout percentages on the market, and features a wide range of educational materials, trading signals and advanced analytics tools, making it the perfect choice for a beginner in the binary options trading world.

Open Account
On Official Website
Risk Warning: YOUR CAPITAL MIGHT BE AT RISK
MINIMUM DEPOSIT:
$10
MINIMUM TRADE SIZE:
$1
MAXIMUM RETURNS:
Up to 98%
TRADABLE ASSETS:
Forex, Commodities, Crypto, Indices, CFDs

IQ Option

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

IQ Option Logo
OVERVIEW

IQ Option features more than 300 financial instruments on the platform, far above the rest of the competition on the market, making it the best place for those traders looking to trade 60-second binary options in a variety of assets. The minimum requirements are also as low as they come, and the robust amount of widgets and technical indicators along with a great demo account are all some of the main reasons why over 40 million traders have traded through IQ Option so far.

Open Account
On Official Website
Risk Warning: YOUR CAPITAL MIGHT BE AT RISK
MINIMUM DEPOSIT:
$10
MINIMUM TRADE SIZE:
$1
MAXIMUM RETURNS:
Up to 100% (in case of a correct prediction)
TRADABLE ASSETS:
Forex, Stocks, ETFs, Cryptocurrencies, Indices, Commodities

Best 60-Second Binary Options Trading Strategies

If you want to give yourself a better chance at being a successful trader focused on 60-second binary options, it is wise to develop and use some of the time-tested strategies for this type of binary options trading.

Trend Trading

The trend trading strategy is all about identifying the overall direction of the market, with traders looking for trends such as consistent upward or downward movements in an asset's price, and making trades based on these observations. Recognizing uptrends and downtrends can be crucial for success in 60-second binary options trading​​.

Swing Trading

With a swing trading approach, you capitalize on the natural swings or fluctuations in asset prices. Swing traders aim to capture gains by trading on these short-term price movements, leveraging the volatility inherent to financial markets​​.

Range and Breakout Trading

This strategy involves identifying stable high and low price levels (ranges) of assets, after which traders make predictions based on the observed levels. A key element in the range and breakout trading approach is the identification of potential breakouts from these ranges, which can signal lucrative trading opportunities​​.

News Trading

News events can significantly influence asset prices, and many traders make trades based on world developments that are likely to impact the market. Staying informed about current events and understanding their potential market impact is essential for implementing this strategy properly​​.

Candlestick Pattern Trading

Utilizing candlestick patterns can offer valuable insights into market sentiment and potential price movements. These patterns, recognizable on trading charts, are particularly useful for making quick trading decisions in the fast-paced environment of 60-second binary options trading​​.

Using Technical Indicators like RSI

The Relative Strength Index (RSI) and other technical indicators have been proven as highly advantageous addition to fast-paced trading strategies, such as market trends and candlestick patterns. For example, RSI helps in identifying overbought or oversold market conditions, which can indicate a potential price reversal and an opportunity to make a better-informed trade.

Risks and Disadvantages

As we noted earlier, one of the most significant risks associated with 60-second binary options trading is the high potential for rapid capital loss. Due to the short time frame and volatility of the market, even small price movements can result in substantial losses.

The speed and intensity of 60-second trading can also pose emotional and psychological challenges. The pressure of making quick decisions can lead to stress and may impact a trader's ability to stay focused and rational.

It is therefore crucial for you to maintain discipline and not let emotions drive your trading decisions, as frustration and panic are easily among the biggest factors influencing capital loss in 60-second binary options trading. Of course, you should also only put your trust into the hands of the most reputable binary options brokers on the market, as this trading avenue still remains highly unregulated and prone to risk due to fraud.

Importance of Risk Management

Effective risk management is vital in any form of trading, and especially so in this quick-paced environment. As a rule, you should only invest a small portion of your capital in each trade and avoid the temptation to 'make up' for losses quickly.

Setting clear limits on the amount to be invested and the number of trades to be made in a day can also help greatly in managing the risks in the long run.

Is 60-Second Binary Options Trading Right for You?

60-second binary options are best suited for those who can handle the stress of quick decision-making and have a solid understanding of market trends. The require continuous learning and an effective strategy for managing risks, and if you are not certain that you can manage this approach properly, we suggest you trying some of the other time-tested binary options trading strategies

FAQ

Can I make a living trading 60 second binary options?

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You can, but be aware that only a small percentage of traders in this space are successfull in the long run, as is true with any type of day trading. One-minute binary options only amplify the risks of capital loss, as it is hard to predict the asset price movements in such a short time frame, so it is recommended that you approach trading them wisely.

About author

I have always thought of myself as a writer, but I began my career as a data operator with a large fintech firm. This position proved invaluable for learning how banks and other financial institutions operate. Daily correspondence with banking experts gave me insight into the systems and policies that power the economy. When I got the chance to translate my experience into words, I gladly joined the smart, enthusiastic Fortunly team.

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