Most people start trading binary options, having one goal in mind: to make money. Trading is may be a hobby for some of us, but to earn extra cash is really the main reason why many people start trading online. The binary options market grew a lot in the past years, thank to the increase of interested and the number of traders.
In the past the fastest way to make money with binary options were the trades with a minimum duration of 15 minutes or more. Luckily SpotOption, the most popular binary options platform introduced the 60 Second Binary Options, somewhere around 2011.
This quickly became a success and due to the extreme popularity most brokers offer this kind of binary options type. As the name says, with 60 Second Binary Options you don’t have to wait more then 1 minute to find out if you won or lost your money.
Best 60 Second Binary Options Brokers
Cherrytrade: Accepts traders from the US and worldwide, and offers 5 risk free trades in addition to the deposit bonus.
24Option: Argubly the most popular binary options broker for Non-us traders. Their service is excellent.
CToption: Another US broker that even has 30 second binary options in addition to the 60 seconds and longer period options.
Important Aspects
First of all you should sign up to a recommended broker site and test the demo account first. It’s not recommended to start trading on a broker site as soon as you sign up.
You should get used to the platform and interface of the site before starting a real money trade.
Risk Management
It’s not recommended to make trades that are more then 2% of your whole trading balance. That means if you have made a first deposit of $500, then you should not make a trade with more then $10. You should find out how much is the minimum trade, before joining a broker site.
How to trade 60 Second Binary Options
60 Second Binary Options is the fastest way to make money with online trading. You no longer have to wait minutes or hours to win money. However make sure you fully understand that this is also a really fast way to lose your money.
Therefore you should first play around with the demo account to see if your strategies are good enough for this fast paced binary options trading version.