60 Second Binary Options Review |Is 60secbinaryoptions.com Scam or Legit?
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|Ratings: 7.9/10 | Metascore: 77/100 | Author: 60secbinaryoptions.com Team|
|Official Site : 60secbinaryoptions.com | Reviews: 159 user | 124 likes|
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Binary options are a new type of lucrative trading in which the trader creates a idea on how a item or stock will move: Up or Down. However, to make a lot of money in binary options on a consistent basis your going to need to follow a strategy which gets you the highest returns but keeps your risk low. Many of the big trading companies offer free crash courses in options trading.
Binary Options are one of the most simplest kinds of trading. There are just two outcomes possible, you’re in the money or your out.If you reach the end of your trading window the outcome is fixed. Meaning that on the moment you started the trade an amount or percentage was quoted to you. This is wat you will make if you trade close in the money.
60 Second Binary Options has become very popular since it’s inception late last year. SpotOption was the first to introduce 60 Second Binary Options through TradeRush. Soon after, most of the other SpotOption brands began to offer this type of trading. The feature allows for fast trades and executions allowing a trader to open multiple positions within seconds.
The TechFinancials Platform which supports 24option and OptionFair was the second entry into the 60 Second Binary Options market. Initially they seemed to have rushed to implement this feature as it was an add on selection on their main binary option trade screen. When I originally tested the 24option 60 Second Options there was a period of about one minute to place the order and the option would begin at a set time. In essence they were more like 1-2 minute options because you couldn’t carry out the alternative at any moment like with the SpotOption system. As I went to test the 24option system for this review I was pleasantly surprised to see that they had updated the feature to more closely replicate the SpotOption model. Now there is a separate tab showing the 60 Second Option selections on a new screen.
The 24option system is really improved than the SpotOption system in that all of the 60 Option Choices are displayed on the screen as opposed to having to select from a drop down menu. Trader can then just click on the high or low button to bring up the trade screen.
From the trade screen trader enters trade amount and clicks buy to execute the trade. There is the same 2 second delay before trade is confirmed, but unlike with the SpotOption platform trader is not given the chance to cancel. Trades are then showed together with all of the other open orders. This is also a drawback as compared to SpotOption where the 60 Second open orders are displayed separately from other open orders.
Tradologic introduced 60 Second Binary Options in October 2012. XPMarkets was the first of their brands to exhibit the feature with OptionBit following suit soon after. The TradoLogic version of 60 Second Binary Options is a step above the other 2 platforms.
As is apparent from the above OptionBit screen shot, 4 open trade boxes are exposed allowing you to monitor 4 dissimilar trade possibilities without having to open a new chart each time. As stated previously when trading 60 Second Binary Options speed is a crucial factor. The open trades are displayed with large easy to see countdown boxes which modify from red to blue to green depending on whether the trade is currently in the money, flat or out of the money. Clicking on an open trade box will also display a chart an all of the trade details for that order.
Overall the platforms offer a great new trading feature to the the Binary Options lineup which include fast execution and easy to read open trade information. SpotOption has too many steps before you can execute although they do provide a last second cancelation. TechFinancials (24option/OptionFair) has less steps before execution, but doesn’t allow a last second cancelation and mixes all binary options orders on the open trade screen. Although Tradologic does not offer a last second cancelation, they do let for multiple open trade windows and charts and separate easy to read open order information. …[Find out More Here]
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