The Good. 60-second trades are probably the fastest way to make lots of money in the market today. With merely a click, you can earn around 85% of your investment just after a countdown of 60 seconds! If this is not a big deal in the field of trading, I don’t know what is. Banks only give you an annual 0.05% interest income. Corporations grant shareholders a typical 2.5% dividend yield while vanilla option trades and other binary options may offer you the same amount of pay-out, they would surely take a longer time (i.e. a week/a month). And here is 60-second trades offering an 85% pay-out in just a minute.
For example, let’s say you invest $100 in a 60-second trade with a pay-out of 85%. If you positioned your investment correctly, then your $100 turns into $185 in the next minute. Then, if you invest your $185 again and the position is in the money, it becomes $342 after another minute. Do two more of these trades and your initial $100 becomes a staggering $1171 in less than 5 minutes. Winning 11 times your initial investment has never been this fast and convenient. Imagine, you can do all this while simply sitting comfortably in front of your laptop.
The Bad. However, the strength of 60-second trades is also its greatest weakness. While it’s the fastest way to earn money online, it is also by far the fastest way to lose money. Aside from this, 60-second trades are extremely a short timeframe to make or prove the forecast of technical or fundamental analysis (if they can be quickly done), even with the use of trading platforms or signals. Validation strategies may not be effective in confirming the strength of a trend and its reversal points within just a minute. As such, 60-second trades become more of a guessing game than a real, intelligent decision-making process. There are just no enough supportive bases for assuring a higher chance of winning in such a short timeframe, considering that fluctuations per second may be drastic even when a stock price is riding on a trend. Couple this with the fact that binary options, by default, entail a higher amount of risk than reward (e.g. the risk losing 100% of your investment while only being offered 85% potential pay-out for every trade), 60-second trades may often result to losses than winnings.
Over the year, there have also been controversies regarding 60-second trade brokers. These controversies report market price manipulations by binary options brokers who tilt the scale on the 59th second so that traders will lose on their trades. While these reports have not been verified, it is best for traders to simply err on the side of caution.
The Bottom Line. While 60-second trades are the fastest way to earn money, they are also the fastest way to lose your investment totally. With such a short timeframe, technical and fundamental analysis may not be used timely to make effective strategies. As a result, 60-second trades become more of gambling. However if you want to take the risk with 60-second trades, make sure you read market updates before performing a trade.
Profitability. The profitability of 60-second trades may differ for each trade and for each broker. Some trades may offer as low as 75% pay-out while others may offer as high as 90%. Also, the win ratio of 60-second trades for most traders is not that impressive, as expected.