Trading hours and one touch options
As for the active part of trading binary options, the Forex day begins on Sunday at 5:00 PM EST and ends on Friday at the same hour. The first market that opens is the one in Sydney, followed by Tokyo, Frankfurt, London and New York, with the latter being the one to end a Forex day. During this interval, it is possible to open new positions, place orders or change existing ones and since it is on five days per week, you will have plenty of time to make money.
While intraday positions are not going to incur any fees, hence making day trading lucrative, those who remain opened overnight will incur rollover or swap commissions. Until you get familiar with day trading, you should pay attention to exit your positions before the closing hours. Furthermore, to increase your chances and lower the need for research, you could use one touch options, because they have just two possible outcomes and are ideal for shorter periods of time.
The binary options trading platform makes it possible to trade one touch options, but you should know that this is only possible during the weekend and the position will remain open until Friday. It is settled at the end of the week and if the option ends in the money, you could win several times the initial invest investment. Using leverage to maximize you winnings is essential, but the focus has to be on predicting the price movement, otherwise you will have to settle with a modest refund of up to 10%
Once the expiry date comes, even if the price is just one pip above the level you predicted, you will cash in and it won’t concern you how the underlying asset will fare in the foreseeable future.
Adequate money management and a functional strategy that works smoothly with the binary options trading platform will keep you afloat and profitable on the long run.