Here goes: 60 seconds options are really options UP / DOWN with maturities of 60 seconds (pretty simple, right?). Select UP (UP or Call) and expiration (60 seconds later), if the price is higher than it was when I opened the operation, I won the negotiation and receive performance. The opposite to DOWN (DOWN or Put). Yes, that's it, but we will see what are the pros and cons of this type of option is.
Why they are and are not terrible options "60 seconds"?
This is a difficult question to answer because it really comes down to the mentality that has the trader. Some investors like to be quickly in and out of the market, and need to see the result of their operations immediately, without waiting countless hours until maturity are met. From this perspective, the 60-second options are the next best option after the hot water and electricity, and this is one reason behind so much hype. I mean, I barely have time to put my negotiation and the result is shown here fast. Imagine how many operations can be performed during trading hours if you know the result of the operation in just a minute. These are the main reasons why investors happy love this type of binary option.But the same things that make them great, can lead to a disadvantage: because we keep operating just for a minute, technical analysis (even the most advanced operators) becomes very difficult to implement. It is almost impossible to determine how prices behave in the next 60 seconds using support, resistance, divergence or technical analysis tool. Well, are not the Holy Grail, but if you do not like the stress that comes from a long period of maturity and need to constantly feel the excitement of being in the market, operations with 60 seconds options are definitely the way to follow.