How to trade IQ options successfully
If you're trading currency pairs on IQ Option (forex, option or digital option), the time which you choose to trade coupled with the currency pair will play a huge role in your success. So it is important to know the best time to trade IQ Option. There are four major forex markets; Sydney, Tokyo, London and New York. Depending on your timezone, each market is either open during the morning, afternoon or evening.
So if you want to benefit from the right market conditions, timing when a particular market is open will be necessary. For example, if you prefer trading when markets are highly volatile, there are specific trading windows in all currency markets that allow you to trade. If on the other hand you prefer ranging markets where entering short positions is possible, you can easily predict the time windows when this happens.
This guide will show you the best time to trade iq option. No matter if you are in India, Kenya or South Africa.
Note that I'm using the 00GMT time zone (London time) in this article.
Find the best time to trade options
All major markets are open for 9 hours. The great thing about this is that the London market overlaps with both the Asian (Tokyo) and American (New York) markets. The Sydney markets also open when the New York markets close. This makes the currency markets run 24 hours 5 days a week. As an option or forex trader, this provides numerous opportunities to profit.
Asian session: From 9pm to 8am GMT. This includes the 2 hours where the Tokyo markets remain open after the Sydney markets close.
London session: From 7am to 4pm GMT.
New York session: From 12pm to 9pm GMT.
Tip!: we've created a nifty tool called the Forex Market Hours overlaps.
What it does is allow you to find the best time to trade the top currency pairs based on your time zone. →
What time suits you best?
Each trader has their preferred trading time. Some prefer trading in the morning, others in the afternoon, while others prefer late at night. The following examples should give you an idea about the currency pairs to trade.
If you prefer trading morning hours to noon (5am to 12pm)
Currency pairs with high volatility: NZD/USD, EUR/JPY, GBP/USD
Currency pairs with average volatility: USD/JPY, USD/CHF, USD/CAD
If you prefer trading afternoon hours to early evening (12pm to 7pm)
Currency pairs with high volatility: EUR/JPY, USD/JPY, USD/CHF, USD/CAD, GBP/USD, GBP/JPY, EUR/USD, EUR/GBP
Currency pairs with average volatility: AUD/USD, NZD/USD
If you prefer trading late evening into the early morning (7pm to 5am)
Currency pairs with high volatility:AUD/USD
Currency pairs with average volatility: EUR/JPY, NZD/USD, USD/JPY, USD/CHF, USD/CAD, GBP/USD, GBP/JPY, EUR/USD, EUR/GBP
For a better understanding about the volatility of different currency pairs during specific time intervals, take a look at the following 10 charts.
Making money trading currency pairs requires you identify a time interval that best suits your trading strategy. For example, if you prefer trading when markets are highly volatile, the 12.00 GMT to 19.00 GMT time frame offers the best trading window.
Now that you've learned how to select the best time to trade on IQ Option, start applying these skills today. As always, start by trading on your practice account to identify when's the best time to trade.
Good luck!