The options trading method is one of the efficient ways to make big profit. Sadly the rookies don’t know how to deal with the options market. They want to make instant profit from this market and look for a shortcut. If any shortcut exists in this world, the professionals would have found it years ago. The fact, everyone is working hard and learning new techniques to live a better life in England proves, there is no shortcut in life.
Now let’s come to the main concept of option trading method. We know taking trades with a sixty-second expiry period is a very risky task. But if you take look at the professionals, you will notice the majority of the retail traders are losing money as they don’t know how to deal with the trades. They are losing more money just because they become emotional to trade in the tight expiry. But what if you can trade the options with a sixty-second expiry? Read this article since we will tell you the perfect way to devise a premium options trading method.
Know the trend
You must know the trend very well to trade in a lower time frame. The reason we are telling you that you will be taking trades in the lower time frame is the expiry period. In most cases, the traders fail to earn money since they analyze the data in the hourly or the daily chart and trade the sixty-second-time frame. You have to focus on the reactive price and nature of the trend when the expiry period is just sixty seconds. Though it will be a tough task you can easily do so by reading the article.
There are four stages of the trend. We all know about the bullish and the bearish trend. The other two phases are known as a bullish and bearish correction. To make trades in the sixty seconds, you have to find the endpoint of the bullish bearish correction. The best way to do this is by using the Fibonacci tools.
Using the Fibonacci tool
People don’t realize the importance of professional tools until they lose money. You must open the trading account with a great broker like Saxo. Visit now and see their amazing features. By using the SaxotraderPro trading platform, you can use the Fibonacci tool and execute high-quality trade without having any issue the majority of the traders will say, they don’t know anything about these tools. You don’t have to know many things to use this tool. Having a fair knowledge about the swing high and low is enough to make consistent profit from this market.
Trade with the candlestick pattern
You must learn to trade with the candlestick pattern. Without taking the trades with the candlestick pattern it is impossible to trade in the lower time frame. People get frustrated and they want to earn more money with a simple method. But to improve the skills, you must learn the anatomy of the Japanese candlestick pattern. After you know the functions of the different candlesticks, you will get more accurate trade setups. But don’t get biased by learning to trade the price action signal. You are taking the trades with a 60 second expiry period so it must be highly accurate with the trade setup. So, be careful with your steps.
Avoid trading the news
You must avoid taking trades during the news or else it is going to be an impossible task to make consistent profit from this market. Being a currency trader, you should trade the news is a challenging task. Moreover, you will be taking trades in the sixty-second and it will make the job must harder. Choose a stable market so that you don’t experience massive spikes or swing in the price. Execute the trade with low risk and have zero expectations in the sixty-second-time frame.