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The majority of Binary Options traders get better results during the mid to late US, Asian or early European trading sessions (from about 2 PM to 6 AM Eastern Time (New York), 7 PM to 11 AM UK time). Considering these factors one may conclude that there are several reasons for traders being more successful during this time period. Data analyses makes it easy to surmise that for thousands of in-the money traders, they were able to earn more holding open positions across the most popular currency pairs.
It can be viewed as the best practice process, but in some ways these traders managed to use this time range the most. Therefore, build your schedule around it accordingly. In order to trade like the best, you need to exploit all the key data that can provide a competitive edge and lead to more profits in your pockets. Read our Top Brokers Reviews.
Trading times are of paramount importance for binary options trading, which is why it is important for you to master the art of placing a trade at the right time. The whole trading world is oyster if you know the peak hours for placing binary options trades, let’s say, in Asian or American markets.
Most traders are either too lazy or don’t have capacity to analyze best practices data, they only receive it without seeking its deeper understanding. To become a pro trader, you need to learn how to analyze data and when is the best time to do so and trade binary options and use Binary Options Signals.
After precise data analysis, it was uncovered that the best binary options trading hours were during US and UK trading sessions hours. Moreover, according to the presented data, the pair of USD and Euro turned out to be the most profitable and easiest-to-predict currency pair.
Obviously, American and British trading sessions hours cannot suit everyone, so if you’re among those, you need to work out the best trading schedule for yourself. For this purpose, you need to 1) find a perfect platform that would enable you to capitalize on the incredible power of data to improve results, and 2) study patterns to get the feeling of all the variables and indicators and eventually find perfect trading hours that suit you. You might need special platforms to perform decent data analysis.