The best hours and time to trade Binary Options
In the Forex market, trading Binary Options is a golden opportunity to earn money. Nowadays, especially after 2020, the value of virtual currencies, commodities, indexes, and others has increased rapidly. That’s the reason why everyone is looking for a way to invest in binary options.
However, Binary Options trading has one limitation. Experts address it as an opportunity instead of a drawback. That depends on person to person. The thing is, some special hours are best for binary trading.
In simple words, if you want to gain a high profit by doing Binary Options trading, you have to focus on these special hours. Here, in this article, you’ll have a complete guide of why binary trading on special hours is important, what those times are and how to trade efficiently at that time.
Why Binary Options market hours are important to Traders?
It will be easy for you to understand if you take the stock exchange as an example. Do you know what the fundamental difference between the stock exchange and binary options trading is? It’s time. The stock exchange is done for a limited period where binary options trading is active 24/7.
Based on this difference, some reasons for Binary Options market hours are being shown here.
#1 Different time-zone
Different time zone always matters in trading. However, the most active three home stock exchanges do the same. American stock exchange, Japanese stock exchange, and British stock exchange follow their respective timetable.
Binary options trading is a part of the stock exchange. However, Binary trading can be done anytime. Depending on the Binary Options trading you are doing, the time range may be different as it is global.
Now, suppose you are active at a particular time in America when Japan stock exchange Binary Options trading is going on. Certainly, there is no point in trying and trade on the American exchange at that time. So, no matter which country you are from, maintain the specific time to gain profit.
#2 Volume of the traders and trades
Several factors act behind making the market volatile. As you know, volatility is not only referring to the sudden price fall. It also represents the sudden rise in price on stocks or currencies. So as a pro, it would help if you focused on positive activities on the market.
As mentioned earlier, the top three home stock exchanges are following different time regions. As a result, overlapping of time is natural. Those who are doing the professional level of trading don’t stop themselves in only one place.
So, what will be the result if the number of traders gets reduced because of time overlapping? The volume of traders on particular trading will be reduced too. Eventually, the price won’t proceed to positive volatility. That’s why knowing the exact time for binary trading is important. The more the volume of the traders, the more volatility will be the result.
Because of these two reasons, you need to know about the time of Binary Options trading. Here, the best profitable times are being mentioned.
When to trade Binary Options?
Probably you are thinking, how can anyone fix a time for best binary trading without knowing everyone’s trading choice? Because some traders can handle high volatility, high volume markets, whereas others perform better on low volatility and low volume markets.
All the time table are being fixed upon these strategies. During the night of the respective country’s stock exchange, the volume remains lower. Where on the other hand, during day time, the volume becomes quite higher than at night. Let’s see when to trade binary options.
Best hours for currencies:
Best hours for commodities:
For indexes, the best time according to US Market is 9.30 to 16.30 EST.
You can find the overlapping active periods on the chart, making it will be easy for you to find the closing gaps, runway gaps, and breakaway gaps. Professionals are suggesting this period after doing thorough research. Let’s see how you can use the times properly.
- For those traders who are willing to trade on American and British stock exchange Binary Options, the time between 8.00 to 12.00 EST is best. Here, both the low and high-volume strategies will be applicable.
- For British and Japanese traders, the time range between 3.00 to 4.00 EST is best. Within this hour, a lot of movement is recorded. So experts suggest being active then.
- If you belong to any other country in the world and want to invest in these stock binary exchanges, you probably have to wake up at night. First, research the preferable stock country for you. Then adjust the timetable with yours.
These plans are applicable for stock exchange binary options trading. Have you ever thought about currency trading? Though currency trading is taken under stock exchange trading. Currency binary trading is open 24×7.
So if you can implement all your effort and match up with the given time duration, your cryptocurrency and Bitcoin binary trading will be profitable. The choice is yours. Take action to generate a high profit. Let’s see how to implement these times efficiently in trading.
How to use Binary Trading times efficiently?
As the thing about Binary trading times is clear to you, now it’s time for implementation. Brokers make mistakes, and beginners are especially vulnerable to making mistakes that cost a lot of money. So, follow the following instructions to have a profitable trading experience.
#1 Play efficiently and strategically
If you are on a trading platform, you must have some strategies to follow, but are those effective in the case of binary trading? Be assured about that first. Then, if you can keep up with the strategy, beneficial revenue is waiting for you.
Pick up a time. It would be better to select an overlapping period. For example, take the overlapping period between British and American stock binary exchange. Now you need to be specific about at least two hours between the overlapping time.
Fix only one hour or a maximum of two hours. Don’t exceed the limit. Do proper research about the market conditions in those countries and watch over the pips. If you are getting 15 pips at least, that’s enough. Some are chasing for 30 pips, but often that becomes the reason for the loss.
A hectic pressure works on everybody when they start trading within a limited time. Often our optimistic mind fails us to follow the strategy. Don’t do that. Whatever the situation is, don’t go farther though you have time.
#2 Use the early time of Binary Trading
As the best time for binary trading is given, don’t be active for that time only. You need to sit in front of your desk at least one hour earlier. Why? The reason is to fix the moves. There is nothing precious tool than your brain.
As binary trading is highly related to market movements, and most traders belong to different countries, it will be hard for traders to know the current situation. Ensure you’re following market expert’s calls and have all the tools you use ready to go.
Many traders will compete with you during the best hours. However, not everyone will be as dedicated as you. Follow the words, and be a champion of ‘overlapping hours.’ Use those best hours to take the necessary steps according to your strategy.
#3 Don’t push your luck
This is not related to binary best hours. This is for you. You are the only person who can assure whether you’ll win or lose. Pushing luck is the best drawback in trading. And it is what makes the difference between gambling and trading.
Never push yourself in greed for more. Always remember, in trading, there is an unwritten rule, less is more. Be satisfied even if you’re getting 15 pips for any binary options trading. After doing the research, if you are confident, then go for 20 pips maximum.
Rather than doing over-trading on a specific stock or crypto or Bitcoin, you can try trading on multiple stocks. Even you can try with different regions from the best three stock countries. Options are there, but choosing those properly is important.
Conclusion on the best hours and times for Binary trading
There are various other countries available with open stock exchange binary trading. However, investing in these is best. Why? The reason is the value of the currencies. Apart from Bitcoin and other cryptos, if you think about trading, these countries are gems.
One other reason regarding time overlapping has been explained too. So, if you keep a good base for yourself and follow the best times mentioned for the respective countries, a huge profit is waiting for you.
Conclusion on the tips:
- Start trading on main market hours (applies to every asset)
- Forex also has main market hours
- Use stock exchange opening time of Europe and USA for the best volume
- Do not trade when the stock exchange is closed
- Cryptocurrencies are available 24/7