Binary options have found themselves to be increasingly popular over the past years and the 60-second binary trade has found center stage among the other type of binary trades.
In trading, every minute is a window of opportunity to make profit. 60 seconds can easily turn a negative value into a positive. 60-Second binary trades are trades that expire within a minute. In simple words, it means you will know whether you lose or profit after 60 seconds.
Get Rich Fast
The main reason on why people love this 60 second action is that they can get rich extremely fast. Most 60-second binary trades provide an average of 70% return on winning.
Imagine you invest $5 and you win every time you place a 60-second binary trade. If you invest $5 in the first minute and put back the full amount after winning and do this for an hour, you will end up with over $40million. Sounds crazy doesn’t it? But that only happens in the perfect scenario. We all know that even the best of traders will also have a very hard time pulling this off. However, that doesn’t mean 60-second binary trades are not profitable.
With proper experience and mindset, you can indeed accumulate profit over time. Taking into consideration the risk factors and the amount of money you have for investment, turning it into extra income is certainly possible.
The Downside Of 60 SEC Expiry Time
If every minute is a losing trade, your hard earned money could magically disappear in a flash. Making fast decisions is not equal to making the best decisions. Due to the nature of 60-second binary options, you can easily miss out many better opportunities out there as the trades comes and goes so quickly. On top of that, traders can also easily make the mistake of putting more on each trade after each lost which can end up hurting them even more.
60-binary options can be so fun but dangerous as well! Before rushing into things, gather more experience and practice!