60 Second Strategy: Learn how to trade binary options for a profit

Hello traders, this
is Chris Morton from binaryoptions.net.au. In this video, I will be
doing a tutorial, which is a strategy for 60
Second Binary Options. This is a very
good strategy that has been used by a lot of
traders to much success. So, let’s go through
the strategy. OK, first is a
bit of background. You need to be aware
of a time chart where this displays candlesticks
Each candlestick displays a unit of time. For example, on a
one minute chart, each candle
represents one minute. And you’re going to
need some online tools, I use FreeStockCharts.com
for the candlestick charts. Which I’ll just bring up, here. So, FreeStockCharts.com right
here I’ve got both the AUD?USD charts in the top window, and
the USD/Japanese currency pair in the bottom window. As an alternative,
you can also try using MetaTrader4,
or MT4 broker. These are popular, and
all used in forex brokers. Generally, you need to be
on Windows-based platform, as it’s a downloadable program. If you’re using a
Mac, you’re going to have to use a
web-based stock chart. As I just indicated
before, it’s just a screen shot of a time chart. This is a one minute
chart, so each candlestick represents one minute of time. Red is where the price
is moving downwards, and the green is where
the price of the stock is moving upwards,
of the currency pair. OK, so the 60 second strategy–
so the strategy is to trade 60 second binary options, with the
trend being with consecutive same colour one
minute candlesticks. So whether that be three
candlesticks going up in the green, or three
candlesticks going down in the red. Once you’ve determined
that the trend has formed, that’s when we place our trade. You can be more
aggressive, and maybe place a second forming
candlestick, or even the first, if you have a good
feeling that the trend is going the way
you think it is. But once you’ve seen that
trend, that’s when we trade. So yeah, this requires
judgment on your behalf, to see the trend forming,
and act on the trend. So, let’s go through
a typical scenario. I’ll just this window up a bit. Let’s go through a
typical scenario. So first, we’re going to look
for two to three consecutive same colour candles on
the one minute chart. Whilst the third and fourth
one minute candle is forming, with the same colour, this is
where we place a test trade. So this is just to see– to
try to confirm the trend. So, based on the test trade we
determine one of the following. The trade wins– if so, we keep
trading until we get a loss. So, this trend could keep going
for quite a number of minutes, up to 5-10 minutes so if it’s a
strong trend, we want to trade. If the first test
trade loses, we can wait and just see the trend
does actually still continue, and try it again, and
then keep going on wins. But when we get a second
loss, this is when we stop. A few notes– note that trends
last for up to 10 minutes. Trends can be quite long, if
there’s been a bit of news, on a press release, on a company
that might shoot the stock up really high, or actually
drop the stock if it’s been a report that hasn’t been
favorable for the company, or some economic indicator. It’s also very rare for a
trend to reverse straight away. It’s more likely to trend
sideways, and then trend again. So if it’s in a
bullish trend, you’re not going to see a bearish
trend straight away. It does occur, but
it’s very rare. Usually, you’re going to see
the bullish trend, then a little choppy sideways trending,
and then another trend. You need to know
when to cease trading so it’s like when you get
that second loss, that’s when you have to
get out of the trade altogether, and start looking
for another trend to form. OK, so I’ll go through an
example here of some trades I’ve done, as I was
writing this tutorial. This is one on the
USD/Japanese chart. You can see here a
sort of trend of three, this is a bearish trend. You see three one minute
bearish candlesticks, then I place my
trade right here, on the bottom of this
third one, that’s when I got into the
market and I actually won, because the next two
candlesticks were also going down. Therefore, I placed a down
call, and won the trade. OK, another one that I also
did was on the AUD/USD currency asset. I saw three red
candles forming, and I got in on the bottom
of the third candle, and actually won my trade here. As the next 60 seconds or one
minute candle was also down. So I got in here,
I placed my trade saying I think the stock is
going to be less than it’s current composition, and
therefore it went down. I’ll bring up the window here. We’ll just go into my account,
open trades, trade history and you’ll see here, the
AUD/USD asset, I invested $24, the target price was 1.027 and
the entry price was 1.0281, and I won the trade. You can actually see here, I
actually did it half an hour ago, you can see
here the one, two, three candlesticks
I got in here, the next one I actually won on. The following
candlestick, if I happened to continue my trading, I
probably would have lost, but then you can see the next
one again was going down, and another few
candlesticks going down. So you could’ve placed
probably up to five trades, maybe you would’ve
lost one, but you would have won the
majority going down. Then you can see here, there’s
a lot of sideways movement, so right now it’s
really not a good time to be trading the AUD/USD
in the 60 second format. You can actually see
right now, another three candlesticks forming. I would actually now get
in to this trade here, you can see it’s still
forming, it’s actually going down quite a lot. I’d definitely get
into this right now. So, let’s actually do
it, I’ve got it open. OK, so I go into 60
seconds, the Australia/USD, going to do a local, $24 is the
minimum investment, click buy. Let’s actually see
this in action. So this is my test trade,
in inverted commas– this is to see the trend,
to confirm the trend. So, based on this outcome,
we’ll try it again– we might wait a bit to see
if the trend is actually going down. So I might’ve actually
got in a bit late, here but it looks like the
trend is actually going down– it’s going back up,
20 seconds to go, sort of following it here. I got in just near
the bottom of this, so it looks like I’m
going to win this trade, so I would actually trade again. OK so that’s one. So based on that outcome, you
would actually trade again. So that’s a perfect example
of a 60 second trade. I’m going to see
here– I put in $24, I’ve got my investment back,
plus another 70% on that, so with a total profit
of– including my original investment of $40.80. So you can actually see here,
the trend is still going down. So if you’d traded again, you
would’ve actually won again. So, we’ll go back to
my slide on my notes. So you see here, that was
the one I was pointing out. So where to trade? I recommend visiting my site,
www.binaryoptions.net.au/brokers, for the best brokers to trade
60 second binary options. The top five brokers
I’d definitely recommend are: Banc De Binary, they have
one of the few brokers that is regulated, they’re regulated
in two jurisdictions– European jurisdiction, which
is out of Cyprus, which is the Cysec
license, the FSA, which is the British or the
UK regulatory body. Then Trade Rush,
which is actually getting its Cysec license
soon, same as Redwood Options. 24option is also going to be
getting a Cysec license soon. And a relatively new broker,
which is actually based out of Sydney, Australia, it
has an ASIC license and also a British license,
and it’s Enfinium. So, if you have any questions
about this strategy, or are looking for a
bit more direction, feel free to email me at
[email protected], or if you’re watching
this on YouTube, feel free to send me a message,
subscribe to my channel, or post a comment. Until next time– may all
your trades be profitable.

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