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What are binary options
A binary option is a speculative financial operation that takes place on an exchange or, more often, the over-the-counter market. Formally, the transaction consists of the payment of a certain value of the option to the seller, with a pre-agreed right for the buyer to receive, and the obligation for the seller to pay in the future, a fixed amount when the conditions also pre-agreed upon the conclusion of the transaction - for example, increase/decrease in the price of the object of the option. Otherwise, the buyer of the option loses all the funds invested.
Binary options are a logical development of the types of transactions described above. They are more formalized and less related to specific changes in the value of the respective assets. There is no change in ownership of real assets in the operations with binary options; these are purely speculative transactions. A binary option promises a known amount of reward in advance upon the occurrence of certain conditions. Based on these conditions call and put options are distinguished:
rise/decrease in the price of an asset - the winner is the one who correctly guesses the direction of price change;
achievement/non-achievement of the price of the agreed level;
the occurrence of the price in a certain range or going out of its limits.
At the moment in the Internet there are many sites offering operations with binary options.
Their scheme of operation can be described as follows: the visitor chooses one of the offered assets, the price of which may rise or fall. Then he considers the indicators and analyzes the signals predicting a change in the price of the asset. He makes a bet. In case of occurrence of the chosen event (for example, price increase) he receives the agreed premium, in case of wrong choice he loses the invested money.
In fact, the sites offering binary options to everyone without any restrictions are just Internet casinos, not connected to the exchange and not having any assets. If this statement does not seem convincing - answer yourself one question: at whose expense will the promised winnings be paid?
There are only two sources of funding for profits from stock market operations:
from the losses of the players who made the opposite bet;
from the growth of the real value of the asset (interest on shares, bonds, etc.), which is associated with the production of value or growth of the market price of the resource.
The latter option generally promises small profits at the level of risk-free government bonds of countries with stable economies.
In the first case, the chances to lose and win would be equal, if we ignore the earnings of the organizers of the trading platform, obtained just from the investment of players.
On this basis - binary options for those who believe their luck more than mathematics.
Binary options trading times is the time the market is open for one day. As for commodities, they are also traded on commodity exchanges, so it is impossible to work with them during closing hours. Unlike the stock markets, the Forex currency market operates around the clock.
In fact, the currency market operates 24 hours a day, from Monday to Friday and it has no time divisions as such. The market is unified and has no separate exchanges. However, it is possible to distinguish regional markets - those that affect major national currencies such as the dollar, euro or yen.
Asian trading session. The trading time interval begins at 04.00 am and lasts until 13.00 Moscow time. It is suitable for making transactions on shares of the largest Asian holdings, as well as currency pairs with the participation of the Australian dollar and the Japanese yen.
The Pacific trading session. Its activity on the market appears from 02.00 at night and ends by 11.00 am Moscow time. Stock trading is centered on companies and enterprises of Australia and the Oceania archipelago. The Australian dollar is considered the main transaction currency.
The European trading session. Many traders trade during this period - from 09:00 to 18:00. This is the most convenient session for investors residing in the CIS countries. The activity on the finance center is observed in the periods from 9 a.m. to 12 p.m. and 1 p.m. to 3 p.m. Shares of European holdings, as well as monetary units: euro, British pound, Swiss franc are available for stock exchange participants.
American trading session. The period is considered the most voluminous as for the number of made deals. It starts at 5 p.m. and finishes by 00 a.m., this is the time when most activity is carried out towards shares and securities of American companies, as well as currency pairs, in which American dollar is involved.
Market trading hours
Binary optionsmarket hours
Regular trading hours for the U.S. stock market, including the New York Stock Exchange (NYSE) and the Nasdaq Stock Market (Nasdaq), are 9:30 a.m. to 4 p.m. Eastern time on weekdays (except stock market holidays).
Operating hours of major trading exchanges (GMT+3)
Chicago Mercantile Exchange (CME). From 18:00 to 02:00
New York Mercantile Exchange (NYMEX). From 16:20 to 22:30
New York Metals Exchange (COMEX). 3:50 p.m. to 9:30 p.m.
Intercontinental Exchange (ICE). From 16:00 to 23:00
European Exchange Consortium (EURONEXT). From 11:00 to 19:30
London International Financial Futures Exchange (LIFFE). From 04:00 to 00:00
European Derivatives Exchange (EUREX). From 10:00 to 00:00
Russian Trading Systems (RTS and RTS). From 10:30 to 18:45
Moscow Interbank Currency Exchange (MICEX and MICEX). From 10:30 to 18:45
Tokyo Grain Exchange (TGE). From 3:00 to 10:45
New York Stock Exchange (NYSE). 5:30 to 00:00 p.m.
Electronic Stock Trading System (NASDAQ). From 5:30 p.m. to 00:00 a.m.
American Stock Exchange (AMEX). From 17:30 to 00:00.
London Stock Exchange (LSE). From 11:00 to 19:30
Frankfurt Stock Exchange (FWR). From 11:00 to 22:00
Tokyo Stock Exchange (TSE). From 3:00 to 9:00
Hong Kong Stock Exchange (HKSE). From 5:00 to 11:00
Milan Stock Exchange (MIB). From 11:00 to 19:30
Swiss Stock Exchange (SWX). From 11:00 to 19:30
Madrid Stock Exchange (MSE). From 11:00 to 19:30
For the investor, the timing of trading sessions is not of fundamental importance. The scheme is as follows: you give a broker an order to buy or sell shares, and he executes it.
There are several ways to give such an order:
1. Submitting an order by phone
2. Making up an order independently through a special exchange terminal.
3. To give an order through the web-interface.
In the first case it does not matter to the investor if a trading session is open at the moment or not. The main thing is that the broker himself works. The investor issues an order, and the broker's task is to place it in the trading system (open a deal) at the very beginning of trading.
If the investor wants to submit his own orders, he must take into account the opening hours of the particular stock exchange on which the stock is listed.Open: 10:00.
Trading session duration: 7 hours.
Best time to trade: 10:00-11:00.
Currency Exchange - an organized foreign exchange market.
An element of the foreign exchange market infrastructure that organizes and conducts trading in the course of which participants conclude transactions with foreign currencies. A currency exchange organizes the work of the basic elements of the foreign exchange market infrastructure:
trading system (counterparty search mechanism),
clearing and settlement systems (mechanism of transaction execution).
The Singapore Exchange was formed as a result of the merger of the Singapore Stock Exchange and the Singapore Currency Exchange. Trading on the Exchange is conducted only electronically.
Trading session duration: 8 hours.
Best time to trade: 09:00-09:20.
Cryptocurrency is a type of digital currency that is settled in an automated payment system. Cryptocurrency does not express any material form. It is a certain number, which implies volumes of units of calculation recorded in the information protocol, they most often do not have a cipher.
The cryptocurrency system is characterized by the absence of storage of data on the owners of electronic addresses, thus it is impossible to verify the existence of the access key. All transactions on a cryptocurrency exchange are anonymous because they do not contain information about the owners of assets. It is possible to pay with cryptocurrency in an online system, to cash out through exchange systems or to exchange one type of digital currency for another. But the economics of cryptocurrency payments are more similar to cash payments than non-cash payments.
Commodity exchange - a permanent wholesale market of pure competition, where transactions of purchase and sale of qualitatively homogeneous and easily interchangeable goods are made according to certain rules.
Trading session duration: 8 hours.
Best time to trade: 09:00-09:20.
An exchange index is an indicator of changes in the prices of stocks belonging to a certain market segment and region. Therefore, it is logical to assume that when an index falls in one region, capital (currency) flows to the country with the higher level of the index.
In order to buy shares of a certain country, you must first buy the currency of that country. Accordingly, an increase in demand leads to an increase in the national currency of a country with a stronger stock market.
Tracking the news of global stock indices facilitates fundamental analysis of currency pairs and contributes to more successful trading on the Forex market.
The Singapore Exchange was formed as a result of the merger of the Singapore Stock Exchange and the Singapore Foreign Exchange. Trading on the exchange is conducted only electronically.
Trading session duration: 7 hours.
Best time to trade: 10:00-11:00.
Main index: ALL-SE - reflects all Singapore companies traded in Singapore dollars.
History of the Exchange
The Singapore Exchange was formed in 1999 by the merger of the Singapore Stock Exchange and the Singapore Foreign Exchange.
Despite its recent foundation, the Singapore bourse had almost no problems with development, since by 2005 it had gained momentum, with capitalization reaching the level of the London Stock Exchange. And in 2010, there were trends towards the merger of the Australian Stock Exchange and the Singapore Exchange. At the same time, the status of the Singapore stock exchange will rise considerably.
Among tradable instruments are shares, bonds, warrants and derivatives on stock and commodity underlying assets. The Exchange is a member of the Federation of Stock Exchanges of Asia and Oceania.
A trading session is the operating time of an exchange.
A trading session is divided into three parts - pre-market, main trading session and post-market.
According to the schedule of trading sessions, you can see that the times of the stock exchanges overlap with each other. There are no time gaps between trading sessions. Thanks to the time difference, trading can take a 24-hour turnover. This is especially important when implementing continuous trading by automated systems.
Web Platform trading Session Timetable
Name Ticker Trading Time (GMT): Trading Break (GMT):
Nikkei 225 JPN225 23:05 (Sunday) to 21:55 (Friday) Daily from 22:00 to 23:00
Hang Seng HKG.33 02:20 (Monday) to 5:55 p.m. (Friday) Daily from 6:00 p.m. to 2:15 a.m.
S&P/ASX 200 AUS200 22:05 (Sunday) to 20:55 (Friday) daily from 21:00 to 22:00
The level of volatility in the market is determined by two factors - the number of traders involved in trading, and the economic news that are released. Therefore, the highest volatility is observed when one trading session overlaps the other. There are two such moments, namely: (RVL)
from 03:00 to 10:00 - a combination of the Singapore and Australian periods;
from 16:00 till 20:00 - overlapping of the American-European trading period.
However in the morning the market is relatively calm. The fact is that the world economic centers are in a passive state. This accounts for the fact that volatility is often much higher in the afternoon than in the morning. Also, most of the key news on the euro area is released in the period from 12 to 4 pm.
Based on this information, we can conclude that the highest volatility of currency pairs is observed from approximately 12:00 to 20:00. It is the best time to trade, that is why many traders come to the market. But everything is not so unambiguous, it is necessary to make a number of clarifications.
Differences between trading sessions
It is impossible to trade successfully without a thorough knowledge of all the nuances and regional peculiarities. Despite the fact that all these exchanges are located in different parts of the world, they are a single financial organism, which has no minor and insignificant points.
Knowledge of even the smallest details will help you understand the peculiarities of trading at different trading times. All the sessions have a characteristic difference in terms of trading on the Forex market.
By trading volumes.
By the volume of transactions carried out per day, the leading exchanges are located on the European continent, followed by the American session, and the list is closed by the Pacific and Asian sessions.
Percentage distribution of trading volumes is as follows:
50% of the trades are conducted on European trades;
30% are on the U.S. trading floors;
Asian and Pacific exchanges account for 20% of transactions.
By activity ofcurrencies
It should be understood that different currency pairs are assets in a particular trading session. This means that there is the highest assets or volatility in the pair, and you can make (or lose) profit on it.
Why traders in Singapore need to know a market trading hours
While Americans are sleeping, trading is in full swing in Singapore.
The beginning of the trading day is traditionally considered the opening of the Asian session. At this time, traders pay attention to Asian currencies - yen, yuan, Singapore dollar, etc. Since most Asian countries are active in exporting goods, at this session companies adjust the prices of their national currencies at their own discretion.
Trending strategies designed for the fact that during the Asian session often sell their dollar profits for yen, which provides additional movement on pairs and is a good way to get a steady profit.
The trading session in Singapore opens one hour after the opening of the Tokyo session.
According to the schedules, the trading session in Siegapur opens an hour after the opening of the Tokyo session.
Dynamics increases as the two giant stock exchanges, Shanghai and Hong Kong, are about to open. Often before the Chinese session, the Euro drops until the opening of Shanghai and Hong Kong.The dynamism increases due to the fact that the two giants, Hong Kong and Shanghai, are about to open according to the schedule. The euro tends to drop almost before Hong Kong and Shanghai open.
17.00 hours Singapore closes and the end of the Asian session. Almost immediately or within an hour we know the news on the Euro and the change in the trend (most often this happens before 16:30
These binary options tips aim to give a general direction to follow when trading binary options:
Choose a reliable broker. Binary options trading is done through an online broker. Now the situation is such that the old-timers are leaving the market and their place is taken by offshore fly-by-night companies. Choosing a broker, make sure that it is somehow regulated by the local authorities, or at least pays well for several years in a row.
Stay up-to-date on all the latest developments. You need to know exactly what is going on in the market. In particular, it is advisable to have an economic calendar handy. News impulses often reverse quotes, so it is better to put it in your strategy right away or trade during slack periods.
Check the trading hours before choosing a contract duration
Organize your binary options trading schedule.
Below you will find a list of the most popular binary options brokers in Singapore.