BEST HOURS OF THE DAY TO TRADE
BEST HOURS OF THE DAY TO TRADE
As can be seen from the grid above – there are times when the sessions overlap – and these are the busiest time frames for Trading Binary Options. Since there is more volume of trading, the market will reflect in stronger trends.
The European Session is the session which usually provides most movement and as with a great TV Series, this is when their ratings or liquidity are peaking.
The overlap between the Tokyo and London session is the thinnest – at the end of day of a long Tokyo day the Japanese traders are thinking of their sushi whilst the slow English Traders are
contemplating their Earl Grey. As liquidity dries up, the movements on the markets become very slow – and this becomes a lazy time for trading. If you are a Newbie and you do not avoid this time – you will find that an Option you have taken may scarcely move from the original price. A very risky situation.
On the other hand the London and New York Overlap is when all the drama enfolds. You can literally feel the energy from the force of trading. This is when you can see some big price movements in the market.
A careful watch for Economic Calendars is very advisable. If there is any important news to be announced, you may want to avoid trading if you are a Newbie. News affects market movement in a completely different manner from a Trending Market. Establish What kind of Trader are you in order to see which style of trading suits your personality.
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