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TRADING TIPS AND TRICKS

TRADING TIPS AND TRICKS

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WHEN TO TRADE BINARY OPTIONS – TRADING SESSIONS THAT KEEP YOU IN THE MONEY.

Knowing WHEN to trade Binary options is quintessential in keeping you IN THE MONEY. If you are a new Trader, you are probably asking why should it matter? The Market is Open 24 hours a day – right? Wrong!

The first maxim to keep in mind as a new Trader, is that you want to trade when the markets are Trending not when the Market is ranging. A Trending Market offers you a perfect opportunity to prepare your strategy, take your Tools From the Tool Box, and Trade. You can Trade successfully when the market moves UP or when it moves DOWN BUT You CANNOT WIN trades when the market is moving sideways.

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To understand the best time to trade, a Trader needs to understand the time frames of Different Trading Sessions all over the world .

In a 24 hour day trading can be broken down into four major sessions. The Sydney Session Opens first, followed by the Asian Sessions or the Tokyo session. The big boys then start Trading a couple of hours later, and this is the London Session, followed by New York Session which is the last session and blends again into the Sydney Session.

Since Europe and the US have a Summer and a Winter Time Frame the Down Time Sessions vary from summer to winter.

SUMMER SESSION – APRIL TO OCTOBER
Time Zone EDT GMT
Sydney Open
Sydney Close 6:00 PM
3:00 AM 10:00 PM
7:00 AM
Tokyo Open
Tokyo Close 7:00 PM
4:00 AM 11:00 PM
8:00 AM
London Open
London Close 3:00 AM
12:00 PM 7:00 AM
4:00 PM
New York Open
New York Close 8:00 AM
5:00 PM 12:00 PM
9:00 PM

WINTER SESSION – OCTOBER TO APRIL
Time Zone EST GMT
Sydney Open
Sydney Close 4:00 PM
1:00 AM 9:00 PM
6:00 AM
Tokyo Open
Tokyo Close 6:00 PM
3:00 AM 11:00 PM
8:00 AM
London Open
London Close 3:00 AM
12:00 PM 8:00 AM
5:00 PM
New York Open
New York Close 8:00 AM
5:00 PM 1:00 PM
10:00 PM

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.

News Announcements = Volatility = Opportunity = Risk.

The ForexFactory Calendar gives you a complete forecast of the upcoming News Announcements and the strength of their impact on the markets.

http://www.forexfactory.com/calendar.php

Note also that towards the end of the European Sessions EU Traders may be closing their positions whilst the US Traders will be contemplating lunch and not on their best trading behaviour – this can reflect in a choppy market.

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BEST DAYS OF THE WEEK TO TRADE

We have established that the busiest session to trade in is the London Session – but there are also days of the week which are particularly better to trade in than others.

Understandably the slowest date and time of the week would be Friday Afternoon. As most Traders are busy planning how to enjoy the spoils of their week’s profits, this time frame becomes particularly sluggish. The slowest and absolute time to avoid is the Friday Afternoon of the US Session since all other Sessions will have closed, and the US Traders are the only players in the field.

Mondays are the slow start for the week, with Traders reminiscing over their lovely weekends – so until strategies are planned for the coming week – Monday mornings are relatively slow and probably nervous hours for most sessions. Once again it is a time frame to be avoided particularly if you are a Novice Binary Options Trader.

Best days of the week would be Tuesdays, Wednesdays and Thursdays, when everyone’s adrenaline is pumping.

Knowing WHEN to trade and WHEN NOT to trade is to arm yourself with great tools that will help you trade more successfully.

If you have enjoyed this Educational Information please subscribe by leaving your email address and we will update you constantly with Tools to help you with Happy Trading.

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Comment(1)

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