It’s possible to make money trading online every 60 seconds. However, it is not that easy. You need to have excellent trading skills. Even those people who have been trading for years can’t make money trading every 60 seconds.

Then again, it is possible.

How to Make Money Trading Online Every 60 Seconds? 

Research the Market to Make Money Online

You can’t be successful in the trading world without researching the market and knowing how to exchange-traded funds. Elon Musk didn’t become a billionaire without studying the electric car industry.

In that case, if you want to make money by training, you have to know the stocks that are worth investing in. You should also look at the trends affecting them so you won’t lose real money quickly.

Researching the market will give you an informed decision so you won’t burn your funds quickly.

Don’t Be Greedy

It’s true that Warren Buffet said that it is wise for you to be greedy when others are fearful. But the view it’s not on stock markets. Rather, it relates to the price of an asset.

Thus, when trading online, you should manage your fear and greed. You should not overleverage and double down your losing position.

Indeed, you can make money every 60 seconds, but you can’t get rich overnight. You can grow your wealth in the long run.

The market offers better returns but it takes a lot of time.

Be patient when trading online and don’t be greedy.

Use the Right Tools 

These tools can help you trade better. They are useful in making better decisions with less effort.

However, just because you are using the right tools, it doesn’t mean that they can help you get rich. Keep in mind that you still have to study them and experiment with what works.

In that case, you need to have a plan. Use the tools to help you create a strategy. When you use these tools correctly, you can be a self-sufficient trader.

And yes, it’s possible to trade online every 60 seconds and make money. But it takes a lot of time to achieve it. It’s a skill.

Find the Right Broker 

Once you have studied the market and found the right tools, it’s time to find a reputable broker. You can open an account from the broker and fund it. But study the broker’s reputation. Opt for the one that offers excellent customer service with low account fees. It should also offer a mobile trading platform for easy trade executions.

The best online brokers get 0 commission. They should also let users trade binaries even for the short term. Their products and services must include stocks ETFs and options.

And this is where the interesting part starts.

Choose How to Make Money Trading Online 

There are many ways to help you make money trading online with a brokerage account. The most popular options are stocks. But forex and cryptocurrency are also ideal but market volatility is high.

Then again, you need to use the free account first to see options trading online. In that way, you can figure out how to trade sufficiently and know how binary options trades work.

Keep in mind that if you don’t know what you’re doing, you’ll easily burn the money you have in your account.

Take it from me. I lost $500 in one day.

To avoid losing a lot of money, make sure to use technical analysis and fundamental analysis. Some people say that technical analysis is better than fundamental analysis. But for me, both tools are useful.

Know the Risks 

One of the biggest advantages of trading every 60 seconds is that you can make money quickly. It lets you trade in small price movements.

The movement could make you a huge amount of money on the 60-second chart.

However, it is a double-edged sword. It means that you can win quickly but you can also lose quickly.

That’s why if you want to trade every 60 seconds, you should only invest in a small amount.

Choose the Right Charts

When getting into trading every 60 sends, the setup is straightforward. But you need to use candlestick charts. You may not use indicators. All you have to do is watch price action and find patterns forming on the candles.

Experts recommend looking at one hour chart first before you whittle down to shorter candles. Doing so will help you study the overall trend to find out if the market is bullish or bearish.

Make sure to draw resistance lines. Do it at the 5-minute charts. This will help you to play price action.

Use the RSI 

After finding your candlestick low, you need to use the RSI. But this is optional. RSI can help you determine whether the market is oversold or undersold.

You need to see a reading between 0 and 20. It means that it is oversold. Don’t start trading because it will soon reverse.

However, based on experience, you must not focus on RSI. Even though the market is oversold, you should not place your trade immediately hoping it will reverse soon.

Related: Earn Money Online by Typing

Know where to Enter

The candlesticks and the RSI are aligning. But is it the right moment for you to buy or sell?

If the RSI is keep rising even though the price is falling, then it is a bullish divergence. However, it is not that easy. You still have to study the historical data.

Look at the past trends. If you’re not sure what you’re doing, make sure to watch free online tutorials on YouTube. There are tons of them.

But then again, it is trading. There’s no right or wrong strategy. The technique that a trader uses may not work for you.

When it comes to trading online, you need to do a lot of experimenting. The good thing is that while you’re still experimenting, you don’t have to bury your cash.

You can just use your free account to practice. Each time you find a technique, make sure to practice it on your free account before you implement them on your paid account.

Bet the Right Amount 

Never trade more than 3% of your funds. It is easy to lose money with a high volume of trades.

You should also be patient. The timeframe is so short. You can make a high volume of trades each day. But you will also lose money. Stay focused on making good trades rather than any trades.

Remember that trading is gambling. It can be addictive. It’s best that you have tested strategies before you try to make money trading online every 60 seconds. If you want another way to earn money, why not talk about your pet?