Know when you can trade online
Although binary options are a global trade, not all assets will be available all the time. Be sure to check carefully when the financial markets for your chosen assets are open to trade.
As much as we wish we could get up when we want and start trading in the assets we like, the markets aren’t always accommodating. It’s up to you to find out the optimum time for you to trade in the assets of your choosing.
This is why we’ve written more information on market hours below, and given you a live market widget which will show which of the main markets are open at any given time.
The Foreign Exchange Currency Market (FOREX)
The closest thing to a market you can trade in anywhere at any time, FOREX operates 24 hours a day, but only for four and a half day’s a week. As the FOREX market isn’t limited by physical trading exchanges, this market has the most trading hours of all.
The four major FOREX financial centres are Sydney, Tokyo, London & New York, but some brokers will also have Hamburg as an option.
The Opening hours are: Sunday 10:00 PM (22:00) GMT running continuously until Friday 10:00 PM (22:00) GMT.
So if you live in New York (GMT-5) daily trade starts at 5:00 PM (17:00) local time, and ends at 5:00 PM (17:00) the day after.
That said, a good little tip is that if you are based in the Eastern Time zone, you are not restricted to these hours, as the first four hours overlap with the last four hours of the London market session and therefore there is a high volume of trading within these four hours. Leading to high price volatility, and with it, plenty of binary options opportunities.
The US Stock market
Whilst you can clearly trade in any market, there is no denying that the activity on the US stock market leads to the best chance for price swings.
The U.S. stock market trading hours are 8:30 A.M. to 4 P.M. EST, however, it is not uncommon to see price activity fall to very low levels from 12 P.M. to 1 P.M. EDT when traders break for lunch. Morning, before lunch, is when you’ll see the highest price activity.
Any asset based on the DJIA and NYSE stock indices, will be subject by the stock market hours above. However, in many cases the time may be shorter, so always check with your binary options trading broker to find out when you can trade in your favourite or chosen assets.