The best 60-second strategies for binary options

Let's discuss four simple strategies that novice traders can follow to increase their chances of winning a trade for trading 60-second binary options. Here they are:

Use Signals

Trading signals are triggers for any trade action and are one of the easiest ways to predict the success of a trade. Trading signals can be generated by humans as well as algorithms and bots. While they tend to be great at helping traders when placing binary options trades, they are not always accurate. This is because binary options trading, especially 60-second trading, is very unpredictable. So you should not rely solely on the signals, but also study the charts and pay attention to the news.

Watch the trend

A great binary options strategy, regardless of the market or asset, is to follow the trend. Asset prices will change depending on the direction of the trend. This is because the binary options market relies on traders' speculation, which occurs in real-time. Trends will form a zigzag pattern and traders using this strategy will trade on current trends or swings. Examine your chart and pay attention to the trend lines. If the line is flat, consider trading another asset. If the line is rising, the price will likely rise as well.

Pinocchio Strategy

This strategy is the opposite of the previous one and assumes that the trader is betting against the trend. If the price of the asset rises, the trader should place an option with the assumption that the price will go down. With this in mind, the trader should choose an option with the assumption that the price of the asset will go up if it is in a downtrend. Examine your candle chart and determine if the candle is light or dark, indicating whether the market is bearish or bullish at the moment. Open a "Call" option if the wick is pointing down. Or open a Put option if the wick is pointing up.

Manage your risk

Although 60-second binary options trades are very risky, every risk you take must be calculated and you shouldn't make binary options trades rashly. Before you place any trades, you must conduct thorough market research and consider all of the risks involved in the trade. In addition, you must not risk more than you can afford to lose in a single trade. Experienced traders usually do not risk more than 1-2% of their budget in a single trade, and you too must develop this habit.

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