15 Minute Binary Options Strategy - How To Guide
We see a dynamic opportunity waving at us whenever traders talk about a 15 minute binary options strategy. The strategy is undoubtedly profitable for traders who focus on multiple trades throughout the day.
Shorter time with bigger rewards. Eye-popping!
On the other hand, the strategy will allow you to hold your position for a relatively short time frame. However, beginner traders have a fear of choosing this strategy.
What about day traders? Is it profitable?
Now it’s time to clear things up.
In this article, we will include how to trade a 15 minutes strategy and the benefits.
Let’s make your day shine.
What Is Trading Strategy?
Well, many of us are already familiar with the word “strategy.” Generally, a strategy refers to a solid and pre-set plan people use to achieve short-term or long-term goals.
Similarly, in trading, a strategy is a systematic methodology that investors or traders use to buy or sell underlying assets. So, to build a strategy, you must use certain tools, indicators, and graphs to identify market movements.
There are usually three steps to a trading strategy:
- Placing trades
Traders use either technical or fundamental analysis to build a strategy. Sometimes, they combine both to build a stronger one.
Multiple strategies you can develop using tools and charts. The concerning part is the market analysis. It is one of the most important parts or sections that allow you to close the deal successfully.
What Is 15 Minute Binary Options Strategy?
In binary options trading, the formation differs from other trading types. The outcome is a simple yes or no. Whether you predict the right asset movement to reap the rewards or you will get nothing for a wrong prediction.
In the 15 minute strategy, you have to choose the right outcome within the timeframe.
For example, if you believe that the chart of a particular asset will be in an uptrend, he will go for the call option. Similarly, if he thinks that the price will drop, he will select the put option. But, it should take place within a short time frame, 15 minutes.
The highest-performing asset so far for the 15 minute binary options strategy is JPY. However, please do not take it as financial advice.
Moreover, it is one of the most hyped strategies for scalpers and day traders. The only reason behind this, it opens the opportunity to trade multiples.
How 15 Minute Strategy Works On Binary Options?
It is mandatory to remember that the strategy that you pick to trade suits your personality. Not all types of strategies are suitable for all. You must find your strengths and weaknesses before choosing the right approach.
The demo account is just for you. Practice a few different timeframes before gambling with your money. Identify the right fit that will enable your best trading decision. On the other hand, setting up a trading goal is equally important to your success.
Let’s have a look at how the strategy works.
1. Trading Chart:
The first thing is to open a trading chart. Go to your broker platform that one you have selected already and use their dashboard. However, we will mention the regulated broker’s list below to make your work smooth.
There is also some third-party software, but we recommend you go for a broker’s one. Or else, Or else, the trading view is another option you can pick.
Now opening a chart is not the last task. You should know how to read the chart and analyze it. So, make yourself comfortable with reading the chart accurately. Also, sufficient knowledge about support resistance and simple candlestick.
2. Customized The Chart Time:
Customized the chart time to a “15 minutes” time frame. You will see candlestick movement on that chart. Zoom in and analyze the chart movement.
3. Add Indicators:
Add indicators that are suitable for 15 minute binary options trading. You will find the indicator list on the left side of your broker’s platform. Pick one or two and customize them according to your predetermined plan. Or use the default settings.
4. Choose An Asset:
Once you have done with your other settings, choose an asset to trade. In binary trading, you can see the approximate return ratio before placing an order. Check out the asset list, look at the volatility, and pick.
5. Study Trading Chart
Now it’s time to read the chart. Monitor the market and the indicators. Combine both analyses or pick any of them according to your research.
Now, wait for the result. The broker will pay you a fixed payout if the price of that asset hits your prediction within the time frame.
How To Trade 15 Minute Binary Options?
Binary options trading is straightforward and simple. However, you will only achieve your goal if you know how and when to start. On the other hand, there are some other technical issues involved when one tries to make each trade profitable.
Let’s break this phrase into a few steps to help you understand how to trade 15-minute binary options with some super brokers.
1. Choose A Broker:
Ah, the critical part of your life. No matter how tremendous your trading knowledge is, you must select a regulated broker to save your ass. Pick any regulated binary options broker from this list that has the following benefits with realistic features.
Do not forget to check the authentic reviews as well. We designed our each review to educate beginners and push them to know the real scenario about brokers. Moreover, our expects are just tremendous in it.
Scam brokers will attract you with their eye-catching advertisements. However, regulated entities always provide traders with easy-to-use trading dashboards.
But, to play calm and safe, you need to investigate a few points. Like –
- Low minimum deposit
- Demo account facility
- Withdrawal timeframe
- Customer support
2. Set Up The Chart:
After completing the signup process, you can either go for a demo trade or deposit money to start live trading. Choose the chart system that suits you and your trading style.
After completing the market research and analysis, go for the trade. Choose the call or put option according to the pre-set strategy.
On the other hand, you can set up automated trading bots to simplify your trades. Though, not all brokers have the option to integrate automated software.
Binary options have a fixed payout. You will get that if your prediction goes right or lose the investment amount if you make a wrong move.
Is 15 Mins Strategy Profitable?
Strategies are profitable only then when you can create a proper winning environment. You need to confirm the direction of the trend.
On the other hand, weekend trading is also prevalent for passive-earning holders. However, according to the rule, momentum is a must for this strategy. So, definitely, you will find the momentum of weekdays; when big players are there.
Additionally, volatility is another considerable fact. Selecting the right trading instrument is also necessary.
But if you don’t know which asset will work best for you, follow the recommendation:
- Select minimum assets, less than four
- The popular instrument is recommended
- Check the historical data
There are several beauties to options trading. Apart from the simplicity, you can start trading with a low initial investment. Due to the ease of access and quick execution, 15-minute binary options are becoming increasingly popular with traders.
So, you can also show love for this strategy. Just make it profitable with strong chart analysis techniques.
Wish you luck!