A nice new feature has finally made its way over to 24option this week, 60 second options!
As most of us know this was bound to come at some point as many of the other brokers already have this feature. So clearly they had to step up at some point and bring it to their platform to be able to compete.
Although you will notice that it is only available during specific morning hours right now from what I have seen. So we will just have to watch to see if they decide to go 24 hour with it at some point.
One other thing you will notice is its a little different from the other brokers sixty second options, as you actually have 1 minute to get in before the option begins. So if its let’s say (9:00:30) then you actually have 1 minute and 30 seconds before the option expires. So just make sure you are aware of this. Even though they call it 60 seconds it can be anywhere from exactly 60 seconds to 1 minute and 59 seconds.
Anyway guys and girls, that’s all the big news recently, so I will keep you all updated if anything else pops up!
One of the questions I’ve seen asked fairly frequently through e-mails and the live chat is if multiple displays really make a difference while trading binary options.
Personally, having made the switch a few years back to a triple monitor display setup, I can safely say I couldn’t imagine going back to a single monitor. There’s just so much data you miss out on.
With trading specifically, you will notice a few things which can instantly make you a more effective trader, such as more quickly seeing critical data. Having your charts on one screen, your trading platform on another and a live news stream or browser on your last display, you can more quickly make decisions based upon the market reactions the instant they happen. If you were using a single display, you may miss some of these opportunities as you are constantly switching back and fourth between different charting programs, your trading platform and news sources.
However let’s be clear that going out and purchasing a killer setup of new monitors won’t make you a good trader, it will however aid you in making decisions more quickly.
On the flip side however, let’s consider that one of the best binary options traders to this day (CherryCoke) currently only uses a single display in her trading. So this clearly doesn’t mean you can’t be a great trader without multiple monitors. It’s simply a preference for the amount of data and information you can see and act upon in a given time.
Today I just wanted to share with you one of the price action strategies I truly love, I like to call it “The Rejection”. Essentially what we are looking for in this particular strategy and example is a drop in price after heavy upward momentum in which a bar breaks and closes below the last green bar.
Once this occurs we wait for a pullback and for price to get rejected at the start of the candle which was had shifted the momentum by closing below the last green bar.
Once we see that three green 15 minute bars were rejected around that area, the 4th bar we would be taking a PUT immediately as soon as the candle opens as this is our opportunity to get in at a high probability “DROP” area.
Let me know what you all think about this by leaving a comment below!
For those of you who do not yet know, Franco from Binary Options Trading Signals has finally launched his paid signal service! He offers you the unique and rare opportunity to watch him, a professional binary options trader place live trades in front of you!
There have been numerous signal services surrounding binary options trading, however Franco’s service was the very first service where you were able to watch him trade live.
The price is currently $97 every 2 weeks however supposedly the price is to be raised to $250 a week soon after the first 100 members. So make sure you get in now if you are interested and save yourself a big chunk of benjamins as it is filling up VERY quickly!
To keep things simple, binary options are a revolutionary new way to day trade. Now, you may be familiar with some companies such as GOOGLE or APPLE and know that these companies have shares which are traded daily on the stock market.
Now, previously if you wanted to day trade these types of stocks you would need to have at least $25,000 in your account to be able to do so. Also it often took anywhere from a few days to even months for traders to generate any significant profits.
We also would not want to exclude the fact that depending on how your account is setup you never know how much money you could lose. What I mean by this is a stock could plumet, or if you are trading the Foreign exchange markets with leverage meaning you are playing with money you don’t have, you could end up with what is known as a “margin call” where you owe more money than you had initially invested which can get you into big trouble!
So clearly for some traders, opening an account with $25,000 and having to sit and wait for long periods of time to potentially generate profits as well not knowing how much they could lose, seems well… not so great.
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This is what sets binary options apart, you don’t need a tremendous amount of starting capital to begin trading. You can begin trading with as little as $200 at some brokers and you are able to earn returns, or profits up to 91% of the amount you invest if you win your trade. So for example if I invested $100 in a Google stock bianry option with a payout of 72%, I could expect to earn a profit of $72 if the trade wins.
If your trade loses, you lose your entire invested amount unless a broker is offering what is known as an “out of the money” payout. Meaning if your trade loses you still gain back some of your initial investment.
With binary options you also know exactly when you can expect to know if a trade wins or loses by what is known as the expiry time. The expiry time is simply, when the option or trade expires. This can be as little as 60 seconds, 15 minutes or even the end of the month on some brokers.
And finally, with binary options you know exactly how much you could potentially lose. So because you set your own investment amount, and you cannot lose more than what you choose to invest.
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