Now days binary option trading is very popular to online
forex trader. There are many suitable
options for forex trader in option market. The main reason for popularity of
option trading is its fixed and short time frame. You can open a trade for very
short time period like 30 seconds, 60 seconds, 5 minutes, 15 minutes etc. If
you can become an expert binary option trader then you can make good amount of
profit within very short time period.
The big problem for new option trader is selecting best currency pairs and best time frame for trading. Most popular and profitable time frame is 60 second, because you can close you trade with profit within one minutes. There are no need to set stop loss and take profit in binary option trading, when you open an order then market will process the order with fixed amount and time frame.
Short time frame and fixed trading amount for trading is
very helpful for reducing risk of your initial investment. If you invest $1
then your risk is $1 and you capital is 100% risk free from your opening trade.
So for making good profit you can choice 60 second option. With the best trading
time frame you need to know about better market analysis technique. Always try
to learn short term technical analysis using short term candlestick pattern and
markets short term data.