Even though most assets in the binary options market are traditional with stocks, commodities, indices and currencies listed, there is something that makes it better than other forms of financial trading. . The fact is that binary trading is not limited to a specific market. So, if you don’t get a specific type of asset in a market, you will be able to select from several open markets operating around the world. It is possible to trade in the market for 6 days on a weekly basis. However, binary trading does not always give the desired result. It requires a lot of activity from traders to generate liquidity and volatility. Both mentioned aspects are necessary for an asset to reach the desired goal before the options expire. Even though there are certain assets that are traded throughout the day, it is during a specific period of the day that the market activity for them is the highest. This is the time of day when the trading hours of different countries start to overlap.
Let’s discuss the best time of day for binary trading. Since not all assets are traded at the same times, their results also perform better at different times of the day.
Stocks are usually traded in a country for 6-8 hours on a regular basis. The US markets are considered the gold standard when it comes to finding the best trading hours for the stocks of top companies. Again, there are also European markets which are of similar importance. If you are looking to participate in binary stock trading, you need to know the time when it is traded the most (in different markets at the same time) during a day.
Foreign exchange (Forex) activity is heaviest during these times, when there is an overlap in the opening hours of the London and New York markets or London and the Asian market. Experts believe that local currencies in active areas are more volatile during these times than others.
With commodities, the timing is different for each one. You should try to find the time range of the commodity you want to invest in.
To trade binary options on Index Futures, it is best to participate during the time when their relevant exchanges are in operation and not after or before that.
Once you have determined the best time to trade binary options for your chosen asset, profit booking is not far from you.