Binary options trading is undoubtedly one of the most lucrative forms of trading, keeping on mind all other conventional trading forms in the market. The diverse nature of this trading form for sure optimizes consistent profits with a wide array of stock/commodities/assets choices and makes it possible even for ‘Average Joes’ to enjoy treats of lump sum profits.
However, before you indulge into binary options trading, you need to know about the timings in a detail-oriented way. Apart from the diversity in this spectacular form of trading, another aspect that gives binary trading an extra edge over the stock market competition is the flexibility to get indulged into trading 24 hours a day, regardless of the time zones for distinct countries.
Binary Options Trading Form
As you take your leap into binary options trading, you avail the advantage of accessing multiple markets at distinct time zones; thus giving you a varied choice of trading multiple stocks/commodities/assets/currencies simultaneously. Interesting enough, binary options trading is such a simple form of trading, where you do not have to acquire a stronghold experience over the market, neither you have to have exceptional skills on this trading form.
Since, binary options trading is completely executed online, traders can easily research on the assets prior to conducting any predictions on them to determine if the price of the assets will move up or go down at the time of expiration. Therefore, irrespective of the trader’s expertise, profits can potentially be generated in case of both short and long term asset predictions.
24 Hours Trading Accessibility
When at one hand, conventional trading markets close by the end of the day, binary options market on the other hand are much diverse, in contrast to the diverse markets and assets (commodities, currencies, stocks as well as indices) accessible. 24 hour binary options trading give you the advantage to trade on multiple markets, in accordance to the geographical location. Traders, nowadays are opting more towards binary options trading, because of the simple aforementioned fact that different time zones of distinct markets let them trade and earn profits consistently, given the fact that the research is conduct splendid enough.
For instance, when the US markets are open, other markets such as Australian and European markets stay closed and vice versa. So, you can trade alternatively, regardless of your time zones. Hence, if you consider trading on European stocks like HSBC, you could place daily or hourly option on that particular stock in order to attain optimum and quicker results. Similarly, once your European market options expire, you could then place your bids on US stocks like Apple and follow the same procedure. One aspect you need to consider is unless the markets are open; the prices cannot be affected, so taking care of the opening times is of utter importance. This simple ongoing procedure makes sure you earn simultaneous quick profits and that too consistently.
Open on Holidays
Moreover, the best part is that, when on Sundays all markets are closed, traders can take advantage of the binary options trading virtual markets. Traders who place weekly options, need to predict if the price of the assets will rise or fall, at the end of the working week and if their predictions go the same way as the results, profits will start rolling in.
To conclude, binary options trading allows you to enter a world of consistent trading and consistent profits. Iterating with the times zones and trading times is of the utmost importance and has no alternatives. Hence, the most important thing you need to consider, is knowing about the Peak hours and Overlapping hours of the market in order to have profits rolling into your account. For your convenience, the timings of the top four global markets are as follows:
- Tokyo opens at 00:00 to 09:00 (GMT)
- London opens at 07:00 to 16:00 (GMT)
- New York opens at 12:00 to 21:00 (GMT)
- Sydney opens at 21:00 to 6:00 (GMT)
Overlapping hours of the markets are:
New York and London overlap for 4 hours – from 12:00 to 16:00 (GMT)
London and Tokyo overlap for 2 hours– from 07:00 to 09:00 (GMT)
Sydney and Tokyo overlap for 6 hours– from 00:00 to 06:00 (GMT)
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