60 Seconds Trading Platform
The 60 Seconds Trading Platform offers traders the fastest possible way to profit from online investments. This online trading platform works exactly like the regular binary options platform, in that the investor chooses which asset to trade, the direction of the asset’s value, and the amount they would like to invest. The difference between the two platforms lies in the expiry time of the trade; in the 60 Seconds Platform the investor cannot choose the expiry time, as the trade is set to automatically expire in 60 seconds. At the end of the sixty seconds, a successful trade can yield profits of around 65-75% of the original investment amount, and can even be repeated for as long as the market trend continues.
Advantages of 60 Sec. Platform
The 60 Seconds trading platform may seem like a quick and easy way to make a profit, but it should be used with caution, as the fast turnaround of these trades requires prior knowledge of the market and a good understanding of the events that affect short-term movements. Using this trading platform, traders can capitalise on the volatility of the market preceding major economic data releases, such as the NFP.
60 Seconds Trade Using the NFP
The American Non-Farm Payroll report, or NFP, is a measure of the change in the number of employed people in the United States (excluding farm and government employees and people who work for non-profit organizations). The report is released on the first Friday of every month at 12.30 p.m. GMT and is one of the most important trading opportunities for binary options investors. The number of people in work is perhaps the best indicator of the strength of an economy. And because we measure economic strength through the tradable value of currencies, binary options investors can make big profits by taking advantage of the short-term NFP.
For example, on Friday May the 3rd 2013, the NFP forecast was for an increase of 146,000 employed Americans. This is positive news for the US economy - and the dollar - but beware. This estimate has already been priced into the currency markets. If the actual change in the number of unemployed Americans is 146,000 (or close to that number) there is no trading opportunity. What we are looking for is an actual figure that is significantly higher or lower than the estimate. At least 10,000 either way is a good benchmark. Just before 12.30 p.m. GMT, the interested investor should log into the 60 Seconds Trading Platform and prepare to trade in EUR/USD—the most liquid currency pair. A few seconds after 12.30 p.m. GMT the actual NFP number is published – it’s 165,000. A positive change of 19,000 and very good news for the US dollar and binary options investors who can now invest on the temporarily falling EUR/USD currency pair as the USD rises in value.