60 Second Binary Options is a recent innovation in the world of Binary Options, First introduced in late 2011 by SpotOption on the TradeRush platform, it became an instant favorite for traders. The 60 Second Binary Option is similar to standard Call/Put Binary Options in that you need only predict whether the asset will go higher or lower. They are unique in that as soon as the order is placed the time clock starts and the option expires after 1 minute. Standard Binary Options have set start times and end times and have a minimum duration of 15 minutes.
60 Second Binary options are extremely popular for traders known as scalpers who like to take quick profits off the market. They tend to read short term charts looking for pivots off support and resistance in certain assets. They are also useful for trading on sudden news based market moves.
After the initial success of 60 Second Binary Options with all of the SpotOption brands, TechFinancials and Tradologic followed suit by added there own 60 Second Binary options feature to their platforms.
Best 60 Second Binary Options Brokers
60 Second Binary Options Example
The US labor department will to release its all-important non-farm payroll figures today at precisely 8:30am EST. Your fundamental analysis indicates that this figure will be better-than-expected and supportive of riskier assets, such as stocks. You therefore plan to execute a 60 second CALL binary option using the Dow Jones Index as the underlying asset to exploit the ensuing volatility.
- Click the ’60 seconds’ tab on your binary options broker’s platform.
- Select the Dow Jones Index asset. The current value of this asset is 13,020.
- Your broker displays a payout ratio of 85% and a refund of 10%.
- The current time is 8.29.30 EST.
- The expiry time is 8.30.30 EST.
- Select investment amount of $100.
- You activate a CALL 60 seconds binary option.
At expiry time, the Dow Jones Index had, indeed, surged to 13,150 and you are in-the-money. You receive a payout of $85.
If the Dow Jones Index had dropped below 13,020, then you would have been out-of-the-money and received a refund of $10.