Forex trading has been revolutionized in the last few years with the emergence of binary options trading. This new form of trading allows traders to predict the price movement of a currency pair or other underlying assets in a short period. Binary options trading has become popular among traders due to its simplicity and high returns. However, to be successful in binary options trading, traders need to know when the markets open and close.
When do the markets open on Sunday for binary option in forex trading?
The forex market is open 24 hours a day, five days a week, from Monday to Friday. However, the markets are closed on weekends. The binary options market, on the other hand, is open seven days a week. This means that traders can trade binary options on weekends.
The trading hours for binary options on weekends are from 6 pm EST on Sunday until 5 pm EST on Friday. This means that traders can trade binary options on Sunday evening when the markets open.
However, it is important to note that not all assets are available for trading on weekends. The availability of assets for trading on weekends depends on the brokers’ discretion. Some brokers offer a limited number of assets for trading on weekends, while others offer a vast array of assets.
Why do some brokers offer limited assets for trading on weekends?
The reason why some brokers offer a limited number of assets for trading on weekends is due to the low liquidity during this time. The forex market is the largest financial market in the world, with a daily turnover of over $5 trillion. However, the market liquidity drops during weekends as most financial institutions are closed.
This low liquidity makes it difficult for traders to execute trades at their desired prices. As a result, some brokers limit the assets available for trading on weekends to ensure that traders can execute trades at their desired prices.
What are the advantages of trading binary options on weekends?
Trading binary options on weekends offers traders several advantages. Firstly, traders can take advantage of the low liquidity by predicting the price movement of assets that are available for trading. Secondly, traders can take advantage of the news and events that occur over the weekend, such as political events or economic data releases.
Thirdly, trading binary options on weekends allows traders to trade around their schedule. As the markets are open 24 hours a day, traders can trade at any time that suits them, including weekends.
In conclusion, the markets open on Sunday for binary options in forex trading at 6 pm EST. However, not all assets are available for trading on weekends, and some brokers limit the assets available for trading due to the low liquidity during this time. Trading binary options on weekends offers traders several advantages, including taking advantage of low liquidity, news and events, and trading around their schedule. Traders should always be aware of the risks involved in trading and should practice proper risk management.