RAPID FIRE TRADING STRATEGY – How To Trade the New Binary Option 60second trades

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 Many of the Binary Option Brokers have introduced what they call “60 Second Trading or Speed Trading”. The concepts are all basically the same, but the rules and the trading are slightly different. iOption’s team of professional traders and Account Managers have developed this system using the “60Second” trade method on the iOption platform. It has been tested on several others and it works just as well but on some it failed miserably, not because the strategy was wrong but because their platform functioned differently.

Our advice is to try this strategy on the iOption platform, where it was developed, and then see if you can apply it to the binary option platform you use or just stick with iOption.com.

 Or you can try it with your broker platform, and if you are able to complete the trades then you are cool…. If you do please drop us a note so we know how it functions elsewhere. We always want to hear from traders using our strategies so we can improve them or advance them.

Remember, trading has risks, and no system is risk free. Always make sure you can afford to risk the money that you are investing and always start out cautiously. Do not think that you did well with one or two quick investments that you should jump up and start investing thousands of dollars. Start slow, continue slowly and build.

The “Rapid Fire Trading Strategy” is based on making many quick and repeated investments in small increments, some you will lose and some you will win but at the end you would have profited by more than you would have lost so at the end of the day you “Are in the Money”.

If you start jumping up and down with the $$ value of your trades, you will end up losing in the long run, take your time and build, follow the strategy. Remember, your mind is in control not your emotions.

“In the moment of action remember the value of silence and order” – Phormio of Athens

Using “Rapid Fire” your emotions are apt to take control, as it is exciting, fun and heart racing, it’s like driving a Ferrari, but never take your eyes off the road.

If you are ready to get started, then let’s go… Get yourself a drink, grab a snack, and do whatever your need, because for the next 30 minutes you will be totally involved. “Rapid Fire” lightning fast, you will be trading at the speed of light and believe me once you start you are not going to want to stop. I do not recommend “Rapid Fire” trading for the weak hearted. If you have a heart problem, please keep your medicine CLOSE.

The concept of 60 second trading is fairly easy,

  • you select an asset,
  • decide if it is going to move up or down within the next minute.
  • and enter a trade.

There are only 3 outcomes with binary option investing it is the same.

You can be

  • “in the money” which means you were correct and have made profits,
  • “at the money” which is considered a tie, and you break even or
  • “out of the money” which means unfortunately you called it wrong and have a loss.

To trade using “Rapid Fire” strategy, you will hopefully have 3 “in the money” investments for each “out of the money” investment. It is all about how you enter your trades and compound them as your chosen asset is moving.

Binary Option offer numerous asset choices, www.iOption.com  offers assets ranging from stocks, indices, commodities and currency (forex). This strategy works best with heavily traded assets which move in patterns or “trends”.

The choice should be one of the 8 primary currency pairs, such as the EUR/USD or the GBP/USD or the USD/JPY. You can also choose gold or crude oil, any of these works well using the “Rapid Fire” Strategy. Gold and Crude Oil are also great commodities to trade using “Rapid Fire

The first step in the “Rapid Fire” strategy is to get yourself a list of current support and resistance levels for each of the currencies and commodities. These levels will be important when commencing your “Rapid Fire” assault. You can easily locate this information on most news or media sites. Go to www.fxempire.com  and you will find these calculated for each asset. Just print them out so you are ready when you locate your trade.

“Self-control is the chief element in self-respect, and self-respect is the chief element in courage.” – Thucydides

The second step is to locate an asset that is trending, moving up or down “now”. We are not concerned with long term trends we are not concerned with the fact that the Euro is high but should drop, we are not concerned with price of oil, we are only concerned with the short term movement in the past few minutes, is the price dropping or climbing quickly. Or is the price at a point of resistance or support.

Once you have isolated a currency pair that fits our needs, you need to observe it for a few minutes, you need to decide, and how it is reacting to the lines of support and resistance and also to where the normal price is or was.

For instance, if the euro had been trading all day at 1.3250 and it jumped up to 1.3298, we know there is a point of resistance at 1.33, we also know that the price jump in just a few short minutes, will push up to a peak and then will weaken or decline. We are going to look for the euro to begin to fall, we only need it to drop a few pips. If we were earlier, we could have picked it up as it moved from the 1.3250 range up towards the 1.3298.

We know that prices do not trade in straight lines and that markets move in peaks and valleys.

Once we have watched the euro for a few minutes, if we see it approach the 1.33 level, we are going to wait to see if it is going to bounce off or push through.

“Rapid Fire” works best if it has actually pushed through. If this happens we will sit tight and wait for it to dip after breaking through.

 

Now that we have completed our reconnaissance and have our target in line, we have to wait for the attack signal

“If a man does not strike first, he will be the first struck” – Athenagoras of Syracuse

Once the pair, exhibits a second of weakness, we need to be ready to attack. We sit and watch waiting for the pair to start easing, as your observe you will see it move up a few pips and down a few pips and up a few pips and down a few pips. As soon as the moves down become more often or deeper, you will be ready to fire.

During the wait time, you would have click on the PUT trade button, you would have entered your dollar value and you will be waiting to click the “Start” button.

Now you will begin “Rapid Fire” making a small trade every few seconds, as the euro ticks down, on each tick you will continue to enter the PUTs, the system will allow you to enter a trade about every 2 seconds. Continue entering the trades will the euro moves down, when it ticks up, stop… FREEZE, if it does not tick right back down, farther than it was before the ticks up, you are finished.

If the euro continues to tick down again, keep repeating the “Rapid Fire” until the asset ticks up and does not tick down below the prior level within seconds.

At this point you are finished. You should have been able to successfully enter a minimum of 4 trades but should have been able to enter 10. Not all will be profitable, but the first trades by this point should be closing in the money.

The second group should also be closing in the money while the last few might close out of the money depending if there is a peak at this point or if the euro continued to cascade down.

If you entered 10 trades and 7 were successful, if each trade was 10.00 and paid our 17.50, you would have earned 122.75. You would have lost 3 trades as 10.00 each and would have netted a profit of 22.75 in just a few minutes.

  

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About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

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Reply
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Irish

Hello Norman,
I’m quite impressed with your Rapid fire strategy and you sharing it with other traders online. I got into binary trading about two months ago and the same reason that got me in; that I can’t figure out the taila nd head of all those forex trading analysis and all that stuff also got me attracted to trying out the 60 seconds, thinking , well maybe if I rely on my hunch, I could make some successful speculative trades.

But after almost depleting my meager funds and thinking of a better way around it the entire time, I came to the realization of what you’re calling the Rapid fire strategy.i figured that I should first determine the trend/ direction, know the resistance and support points, observe the price movement behaviour around these two points and place my trade according to my observations. However, my approach is that if the the asset is in upward trend in the past few minutes; 5, 10, 15, or 20 at most and I determine that it pushes upwards longer than it pushes down within the given time period, I find the current support point and quickly place a call trade once the price is very near to this point or cross below this point and . I don’t however place mutiple call trades around this as you suggest as I’ve noticed that there is this delay tendency on the platform, so if I intended to start at 1.222, I may find myself at 1.226 because of the platform delay. But I wait and place the next trade and the next trade long as the opportunity present itself. I do the reverse should any of the conditions I’ve outlined changed.

With this approach, I’ve been able to go as long as 8 wins in a row and I only lose here when the present set expires while I’ve placed a trade or when the delayed platform picks my start price at another point I didn’t intend in the first place. But I must also add there are times I fail to keep my cool and run with the flow or simple rush into placing a trade without properly observing this. In such cases, together with my sudden desire to recoup a loss, I could also end up losing the same 8 straight like it’s happend today.

But all in all, I think the key here is the discipline and patience and yes a dose of courage. and sure, there are many times I just reamin stiff to take advantage of the presented opportunity for fear of losing, only to know in a few seconds later that I feared to take hold of my next win.

Once again, thank you and loking forward to reading more tips from you.

FX Empire Analyst - Barry Norman

Thank you for your praise and compliments.

I would advise you to go to http://www.ioption.com/Academy and enroll in the beginners course, it is free.. there are no hidden requirements. I teach the courses, these are live webinars. Enroll and learn…

Good luck to you

 
 
Reply
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Ronald

Hi Barry. I opened a demo account with TradeRush yesterday (they put 500,000 euro in it, which I could use for 24 hours). My intention was to try out a 60 seconds system of a guy named Keith Jones, although I should have known at forehand that his claim of it being 100% successful was bogus. Simply put, it’s about incrementing ‘bets’ in case of losing and the idea that the fifth bet has to come through… It didn’t work.

Because I got so frustrated by this, I started to put trades in at random (50 euro to 200 euro) and in a short time went down 13,000 euro, which felt awful, even if it wasn’t for real. Then I got a hunch and began to put in trades the way you’ve described here, like 6-8 trades of 500 euro (!) each and believe it or not, from being in the red (-13,000 euro) I ended up with 555 euro profit (when I logged out, my account had 555,000 euro in it).

First I thought I might have just been lucky, but a little voice in my head told me that there might be more to it than pure luck; now that I’ve read your article, I know that I was intuitively using your ‘Rapid Fire Trading Strategy’. Will go back online in a moment and try it out with ‘normal’ amounts of money per trade, see if it still works – I must admit that yesterday I didn’t study the graphic much, but relied more on the numbers going up or down… Really excited about all this, but gonna try to put my emotions aside (not all, only the ‘rushing’ ones – don’t wanna smother my intuition completely).

Thanks for putting this great info online!

 
Reply
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Ronald

Sorry, made an error: when I logged out at TradeRush, my account had 500,550 euro in it, not 555,000.

Kind regards,

Ronald

 
Reply
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Ronald

Hi again, Barry. Update: just logged out at TradeRush with 505.627,44 euro in my demo account, meaning that I made 5627,44 euro since yesterday afternoon, around 2 pm GMT. Not bad for a first try at this! Must admit that it was the 500 euro ‘bets’ that did it – whenever I started to go back to the ‘small money, like 5, 10 or 25 euro per trade, it felt as if I lost my touch immediately… Strange phenomenon. Anyway, I will get a demo account soon at other sites and keep trying things out. Looks like this ‘Rapid Fire Trading’ stuff really works. By the way, I’ve took many screen shots, so I can show anyone that I’m not bragging.

Best wishes.

FX Empire Analyst - Barry Norman

Thank you for your kind words, I hope that you continue to visit as I will be posting additional strategies soon. Best wishes in your endeavor. Keep me posted.

 
 
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Scott G

Hey Barry. I’m looking forward to setting up my assets and trying out Rapid Fire. I will try tomorrow and let you know what my results are. This looks very exciting…

 
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Samuel Elijah

it works well with winoptions and i have made more than $500 using this system in 2 days…this is really great.

Thanks Sir!

 
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Lamont

Hello Barry,
I tried the Rapid Fire Strategy with a demo account from Trade Rush and it worked very well. I was very surprised with the results. I also tried Keith Jones’ strategy. I felt like I was at a poker table. Double-down on my bets did not work out, especially at those times when the price is going in the opposite direction. Thanks for the great information and am looking forward to your insightful information.

FX Empire Analyst - Barry Norman

you are very welcome… i hope you continue to trade successfully

 
 
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mike1.forex@yahoo.com

Hi tried this sytem with 1 trade at a time and so far 5 straight wins which is great compare to other systems i had tried. The only problem i have is i’m trading with TradeRush a there server lacks on 60sec. its way to slow and you can’t see most of the time charts. What i did is using MT4 on a 1 min line chart marked my support and resistance and it seems to work great. Just wonder if i’m doing the right think.

 
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LaTanyua

Hi Barry.

I have been studying your steps, but I am still confused about how to calculate the support and resistance levels from the chart and using that information to go from there to determine when to bid.

FX Empire Analyst - Barry Norman

please attend our class on support and resistance trading. contact your account manager

 
 
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kellypdahlsjo@hotmail.com

I am very new at the whole 60 sec. binary options program and would like to know where to learn more on the support and resistance level, as to how to figure out what they would be. Thank you.

 
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groomzpat@gmail.com

barry this a well modified real 60 seconds trading by rajat kapoor.you have done a good job too.thanks

FX Empire Analyst - Barry Norman

I think you have this backwards. My strategy and paper were first. All others were modifications. But thanks for the compliment.

 
 
Reply
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Russell

Lots of people posting the rapid fire approach. If a trader is so confident of the placed trade why not just bet the amount your comfortable with. Just because the candle moves in one direction for 10 seconds is meaningless. It can change and go the other way in an instant. So I do believe this strategy is casino bets and nothing more than a blow your account martingale system… sorry, you lose.

FX Empire Analyst - Barry Norman

Are you making assumptions, or have you read and tried the strategy. It has nothing to do with martingale, which is designed for forex and not binary options.
Before you judge please read, learn, practice and try and then comment. Please watch and video and give it a trial you might find that it works quiet well as this is investing and not a casino. You need a bit of education and knowledge so that you can choose the appropriate asset and make intelligent choices.

 
 
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Javid Mukhtar

Hi Barry,
Just read your Rapid Fire strategy and am looking forward to apply this. You recommend that this strategy I-option platform, but seems that this broker has gone of of business.
Do you recommend any other broker to apply this strategy?
Best Regards
Javid Mukhtar

FX Empire Analyst - Barry Norman

optionrally.com uses the same platform provider that iOption had used.

They also now offer 30 60 and 120 second trading

If you visit our broker section and scroll down to Optionrally, you will see our review and also a link to register easily for Optionrally