The first step in my strategy is to identify an asset which is following a certain trend – upward or downward trend – in the past few minutes, but has suddenly gone against its usual trend “now”. This means a sudden steep peak or valley in the trend line, right now.
My strategy works best with heavily traded assets which move in patterns or “trends”. Once you have isolated a currency pair that fits our needs, you need to observe it for a few minutes.
For instance, if the EUR/USD had been following a downtrend all day and suddenly it jumped up from 1.3350 to 1.3398, we know that the price jump in just a few short minutes, will push up to a peak and then will weaken or decline. We are going to look for it to begin to fall, we only need it to drop a few pips.
Once the pair, exhibits a second of weakness, we need to be ready to trade. We sit and watch waiting for the pair to start easing. As you observe, you will see it move up a few pips and down a few pips and up a few pips and down a few pips. As soon as the moves down become more often or deeper, click the PUT trade button. You can make multiple trades at the same time like I did or a simple trade will do.
For the technical junkies, the logic is simple. As soon as the EUR/USD jumped up, it was blocked by the resistance level. After being blocked by the resistance level, it will certainly ease down and come back down. We wait till it starts coming down and then make a trade.
Same goes for the upward going trend with sudden downfall.
Considering you make only 3 trades a day, and work 20 days a month, you’ll be earning $4,200 in a month if your initial investment is $100.
The key here is to have concentration, patience and self control.
Winning is a habit but greed is the devil. When trading binary options, it is absolutely necessary to keep control on yourself.
Most brokers offer 70-75% profits on 60 second binary option trades. This means if you are investing the same amount on every trade, you need to win 2 out of every 3 trades to earn some good profit i.e. you should have success rate of 66%. If you are not too greedy, you can go in for 3 out of every 5 trades i.e. success rate of 60%, but the profits will be very less.
Trading is risky and you just cannot rely on instincts or luck or just pure guessing game. If you are losing, you cannot go on increasing your investment thinking that you will win somewhere and make a profit. You may end up losing all your money. So don’t get greedy.
I trade all my 60 seconds options at Global Trader 365. Fast withdrawals and decent payout %s keep me happy there.