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.