All that you need to do is to follow the best time for trading in binary options and the particular asset you are wishing to trade to put the probability of being able to make profits consistently in your favor.
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New York, New York (PRWEB) May 30, 2013
Timing is everything, and nowhere is this more critical than in investing in the financial markets. In its latest installment of trading tips, The Binary Options Experts recently underscored the importance of knowing the best times for trading binary options in achieving profits. The New York-based consultancy firm discloses to beginner traders, “It is important that you study the times when the market movement of assets is at its best… this can help you place trades where the probability of your trades being profitable in your favor.”
The Binary Options Experts (talk to a dedicated expert here) advice for those who wish to trade stocks is that they must keep in mind that the assets are not traded 24 hours everyday and differ according to the stock exchanges one wishes to trade. With different time zones come different trading hours in the stock market, so beginner traders are encouraged to take this into consideration when thinking about which stocks to trade. Stocks are traded six to eight hours a day. The U.S. stock market generally trades from 9:30 a.m. EST to 4 p.m. EST.
Meanwhile, commodities and currencies may be traded 24 hours everyday but there will be specific times when the activity of trading is at its peak. The forex market is said to be at its most active when the London/Asian and London/New York time zones overlap. It is worth noting that local currencies of the active time zones will have increased volatility in comparison to other currencies.
It is important for traders to know about the different trading hours as this puts the probability of profitable results in your favor. Says the trading consultancy firm, “For instance, currencies see increased movement when the stock market opens and awareness about this information can be beneficial when setting up the times you intend to trade and the best trading sessions to trade.”
The Binary Options Experts offer, “Trading when the market opens can be a little tricky as there is a lot of volatility. The market open time could be anywhere between five minutes to half an hour. Most traders who recommend trading on the market open recommend trading as close to the opening time as possible. As the movement of the asset is huge, you may be able to make profits within a few minutes.”
The team behind the best-selling book that has made many get started in binary options trading (“Binary Options Profit Pipeline”) adds, “However, if the movement of the asset is not as planned, you can adopt a hedging strategy to minimize the losses.” A Binary Options hedging strategy involves taking two different directions (i.e., both Call and Put options are used) on a trade concurrently.
Whatever assets are traded, the trading consultancy firm says that the last hour of trading generally sees a lot of movement. “Different movement patterns emerge in the last hour of trading and experienced traders may be able to benefit by placing trades prior to expiration,” the firm says.
The trading consultancy firm reminds traders who wish to maximize binary options income, “If you are able to determine the best time to trade, you need not spend a lot of time following the movement of assets all day long. All that you need to do is to follow the best time for trading in binary options and the particular asset you are wishing to trade to put the probability of being able to make profits consistently in your favor. Look at major economic events, too, to determine the best time for binary options trading.”
The Binary Options Experts believe that managing and mastering the trading hours can lead to profitable results for any trader. The firm is committed to promoting education for beginner and experienced traders by producing simple to understand, informative content and releasing exclusive, one-on-one mentoring programs headed by highly successful traders who already earn six-figure incomes from trading alone.