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Best times for trading binary options

 
Binary options trading is a simpler form of forex trading. Due to the geographical dispersion of forex trading centers, the forex market is opened practically nonstop during weekdays, from Sunday at 20:15 GMT till Friday at 22:00 GMT. However, in binary options trading the open hours are different.
 
Most binary options brokers commonly base their offer on securities traded on different markets and commodity exchanges. It is useless to say that binary options trading hours depend exclusively on these markets and their own trading hours.
 
Some binary trading platforms are opened for trading Monday through Friday from 09:30 to 16:00 EST. Others have different trading hours depending on the asset. For example currencies can be traded Monday through Thursday from 08:00 to 01:00 and Friday from 08:00 to 23:00 EST. Indices have various trading hours depending on their respective trading hours.
 
As you can see, the trading hours are very different from one broker to another and from one asset to another. Yet, the financial markets have some similarities and they all have better or worst times for trading.
 
It is well known that when the market has just opened or the closing time is near it is better to avoid trades. Around the opening and closing times the market is highly unpredictable so do not rush into making trades. Your predictions might turn out wrong even if your instinct was correct.
 
Just like the forex market, binary options can be influenced by economical, social and political factors. That is why you should avoid trading when economic reports are made public, because the market could react to the positive or negative news. These moments are highly speculative and you must know the market very well to predict the right moves on the financial market.
 
Although the trading time is more limited than in forex, binary options remain a very appealing form of financial trading having so much more extra advantages than classic forex trading.
 
Author: Mihaela Florea
Copyright: www.binary-options.eu
 

Additional articles:

Selecting the best trading platform

Binary Option Brokers
 
trade rush
 
optionfair
 
24option
 
optionbit
 
 
 
 
 
 
Trading derivative instruments can generate high profits in a short period of time but it is also risky. By trading binary options you acknowledge that you are aware of the risks involved, including the possibility of losing the entire investment. Never make speculative trades online with money you can't afford to lose.  
 
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