Dear traders, today I decided to write an article on a very important topic "The favorable time to trade Binary Options."
If you are a regular investor who is interested in the financial markets, you do not have to get round the new financial instrument. With a high probability, we can say that we are now seeing time best for binary options. In the midst of the global financial crisis, when currencies are updating their highs and lows, when the market is in full swing, we see huge volatility of assets and activity of traders around the world. Undoubtedly it is the most suitable time in global markets trade binary options.
If you carefully read this article, you are sure to find an answer to the question at what time to trade binary options. After all, once you find the binary option trading time, appropriate trading hours for each asset, you will be one step closer to a successful trade.
This article is based on my personal observations and my experience.
I have not received one letter from traders with questions:
- "Prompt the best time of binary options?»
- "What are the trading session, a greater impact on the market?"
- "Why is it sometimes a course sharply turns the other way and it is difficult to predict?"
- "Can I trade over the weekend?"
All this is due to certain factors which I will tell you today.
1. Trading during the week.
The most difficult days for trading are considered Monday and Friday. Monday - is the opening of trading on the stock exchanges of the world. Therefore, markets are no longer predictable, volatility may be sharp jumps, turns to the minimums and maximums. The same goes for Friday is the day of the closing of markets. therefore the most favorable days are Tuesday, Wednesday and Thursday. Naturally follow exit of the News of Economic Calendar, Do not fall on major news outlet and you will be able to reduce all adverse moments to a minimum. It was during these days I open the largest number of transactions.
2. Intraday trading or trade during the day.
Trading binary options is quite a decent time and having a great experience, I have worked out for themselves certain rules that I can recommend to you. I start to trade in 5 hours Greenwich Mean Time (GMT). Asia Session at this time is in full swing, the European session opened only through 2 hours. At this time the volatility is not as strong, the market is more or less calm. At this time, you can find a good trend, and it will sell.
Then, in 7 hours Greenwich Mean Time (GMT) opens European Session. The pair EUR / USD It becomes very volatile, and I at the time of trades on it less. There are a pair of sharp jumps, the rate becomes stable, begin to emerge news on the Eurozone economic calendar. In EUR / USD pair is currently trading in the mainly News Economic Calendar. In the process, the European session to trade like currency pairs EUR / GBP, GBP / USD, GBP / CHF, AUD / USD, USD / CHF, NZD / USD and others.
In 13 hours Greenwich Mean Time (GMT) begins its work U.S. session. At this time, there is greater volatility on all currency pairs, market is no longer predictable, there are many nuances that must be considered, the newcomer will be difficult here. At this time, there is good news on the US trade, Canada and the euro zone.
3. Trade at the weekend.
This topic I discussed in a separate article, where I give my advice and recommendations, which I recommend you read, Trade on weekends >>>. Many brokers to completely close off trade as the exchange closed, but some brokers such as IQ option и Binomo trade offer at the weekend (UTS).
4. Events fundamental nature.
Time is not the quiet, heard on the news that there was somewhere a terrorist attack or any natural disaster, the imposition of sanctions on certain countries, news concerns of energy (oil, gas) - prepared for the fact that the market will rage. In those days, the technical analysis for trading on the market refuses to work at all. But the strategy on the fundamental analysis will work fine.
Watch out for national holidays, such as Christmas, New Year, Easter. If you want to avoid unpleasant surprises, do not trade these days. Some exchanges these days may not work. For information about the holidays You can find in calendar of economic news, And broker in your ezine usually warns traders.
6. First Friday of the month, non - farm (NFP).
One of the most important US economic indicators. The indicator refers to the US labor market, and provides information about new jobs in the economy that are not related to agriculture. After the Gross Domestic Product (GDP), it is the second indicator value. On this day for all currency pairs are observed sharp jumps, the market does not expect. On this day, I do not trade. Just waiting for release most news and open the option to "on the news" strategy. More about Non-farm read my special article >>>.