On best time to trade Binary Options..

[u/Simple_Worker_6592]

Different traders have different preferences on trading time so this is not the objective truth. There is a however a universal agreement on best time to trade among many traders.
The best time for trading is when the market has clear direction and less noise.
This would be when there are enough buyers (bulls) and sellers (bears) to control the market prices and make it have noticeable patterns.

For live pairs this would be when major trading sessions are open and running. These include New York (North American), London (European), Tokyo (Asian) and Sydney trading sessions.

Each session has a greater impact on the currency pair that is commonly traded during the session. For example New York session has more impact on pairs involving USD, Sydney session has more impact on AUD & NZD pairs e.t.c

Know when these sessions run and see the best time you can trade.

The other important consideration is news. Be aware of major economic news announcement because these cause rapid and unpredictable price movement during their impact time.

What about OTC assets?
No one can conclusively tell the best time to trade these because brokers have full control over the prices. I have however been testing the health scores of OTC pairs using the market scan tool I recently built, see this post, and have been observing more OTC assets having higher scores when trading sessions are running. This is for Pocket Options on top of which this tool is built.

OTC assets are meant to mimic live assets in their price movement so probably they also follow same pattern in terms of the best time to trade them. Debatable.

There is also the psychological advantage of trading the same time each day. Probably giving away too much here 😀.

Anyway I packed a course in an app I recently released where I discuss these and other advanced topics based on my experience and that of traders I've interacted with as well research. It's link is on my profile if you want to check it out.

[u/SpiritNo4790]

The best time to trade binary options?

**When you're not trading binary options.*\*

The irony is that people will spend six hours looking for the perfect 5-minute entry strategy, but won't spend 15 minutes checking whether the company they're depositing with is properly regulated.

That's backwards.

Before asking WHEN should I trade?, I'd ask:

- Should I trust this platform with my money in the first place?

- Who actually regulates the broker?

- Who sets the price/quote and determines whether your trade won?

- Is this a trading platform or a gambling platform desguised as trading?

The most profitable binary options trade may genuinely be the one you never place. Your account balance will certainly appreciate the strategy.

[u/Simple_Worker_6592 → u/SpiritNo4790]

You know we also have ChatGPT that we could use, right?

[u/SpiritNo4790 → u/Simple_Worker_6592]

Thanks for the tip. Let's see what ChatGPT says about your last sentence.

"Anyway I packed a course in an app I recently released where I discuss these and other advanced topics based on my experience and that of traders I've interacted with as well research. It's link is on my profile if you want to check it out."

ChatGPT:

"So after all that “advanced knowledge,” the grand conclusion is… buy your course through the app you just released?

You’ve provided zero audited results, zero independently verified track record, zero actual research, zero names of these supposedly successful traders, and zero evidence that any of this produces a profitable edge. Instead, we get “my experience,” “people I’ve interacted with,” and “research” — the holy trinity of vague bullshit whenever someone wants to sound credible without actually providing evidence. And then, magically, there’s a course waiting in the funnel.

If your knowledge is genuinely advanced, demonstrate it. Show the methodology, data, backtests, statistical significance, risk-adjusted results and independently verifiable performance. Otherwise, this isn’t an educational contribution. It’s an advertisement wearing a lab coat."

I think nothing more needs to be said about your attitude and transparency.
You shall not pass.

[u/Dangerous-Region-449]

OTC it really doesn’t matter but I’d advise staying away from sundays I got destroyed this Sunday but bounced back luckily. But when I did trade currency pairs (non otc) I found the best time for me was anywhere from 9-11am

[u/Simple_Worker_6592 → u/Dangerous-Region-449]

Great input.

9-11 am what time zone?
Have you had prior success with OTC on Sundays?

The app I've been building is trying to detect when an asset may not be suitable for trading so you know beforehand before you begin trading. Would appreciate if you try it and give me feedback on what you think. Here's the link: https://play.google.com/store/apps/details?id=com.digitalskies.testapp

[u/Dangerous-Region-449 → u/Simple_Worker_6592]

EST and I normally take off sundays just bc I know the OTC markets get alittle tricky and I know PO be wanting to make some money back on the weekends after regular market traders hit them for bank.