How to use Binomo Currency Market Hours Overlaps Trading Tool

How to use Binomo Currency Market Hours Overlaps Trading Tool
Interested in knowing which derivatives market hours are best for trading different currency pairs?

Don’t worry, many beginner traders have the exact same question. Thankfully, it’s something that can be easily answered just by studying timetables and familiarizing yourself with your chosen currency pair.


Top Currency Pairs to Trade on Binomo

Binomo traders have the choice to trade over 80 different currency pairs. For this guide, however, we’ll only focus on the 9 top currency pairs to trade on Binomo. These pairs can be traded in 6 different market sessions. You can see the schedules for yourself in the table below.
How to use Binomo Currency Market Hours Overlaps Trading Tool


How to use Binomo Derivatives market hours overlaps trading tool

We have to admit that learning when to trade currency pairs is usually easier said than done, especially if you’re just a beginner. Again, there are different factors that you have to take into consideration before trading.

Here are three things you need to remember when trading currency pairs:
  1. You should know when the different markets are open in relation to your specific currency pair.
  2. You should know when those derivatives markets overlap.
  3. You should know when the overlap happens based on your timezone.

Real-world example: if you want to trade EUR/USD and you’re from Singapore, then you should know first that the EUR/USD currency pair is only tradable both the New York and European markets are open. Second, you should know that when the markets are open in that part of the world, it’s evening in Singapore, which means you need to plan ahead of time.
 

Binomo Market Hours Clock

Now that we know those three considerations, it’s time to take a look at our derivatives market hours clock tool.

Don’t worry, it’s very easy to use. You can begin by selecting your timezone in the dropdown menu and clicking the ‘Go’ button. The table should change, showing the specific time that each currency pair is open in their specific markets, based on your timezone. This allows you to plan your trades ahead of time since you already know when the best times are for trading your specific currency pairs.
How to use Binomo Currency Market Hours Overlaps Trading Tool

When is the best time to trade?

The answer to this question depends on what your preferred currency pairs are. Once you’ve determined what exactly it is that you want to trade, then your next step would be to see when their market hours overlap. Lastly, you should check out what the corresponding time is in relation to your timezone.

For instance, let’s say that you’re interested in trading the GBP/USD currency pair. The next step would be to determine when the London and the New York sessions would overlap. Knowing when the market hours are open would give you the best opportunities for trading since it’s also when the highest volume of trades happen.

Or you know, you can always just use our Binomo Market Hours Clock to make it easier for you. After all, we use this tool ourselves and it hasn’t failed us once!

Start your trading journey on Binomo! If you haven’t started yet, you can also sign up for a free demo account on Binomo.
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