Insider’s Guide to the Best Time to Trade on Pocket Option – Freshly updated for 2023!

Look, trading on Pocket Option is a bit like fishing – to get the best catch, you’ve got to know when to cast your line. Now, this is most profitable between 9:00 to 11:30 EST.

Key Takeaways

➤Trading between 9:00 to 11:30 EST yields the best results.

➤Mondays and Fridays can be volatile – they are not necessarily trading sinkholes!

➤Understanding global market trends can maximize your trading outcomes.

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➤ WARNING: Trading binary options carries high risks, The majority of retail investors lose money!

1. Best Hours to Trade on Pocket Option

Alright, let’s bait the hook to get more into the “why” of that suggested trading time slot. The forex market – that’s where Pocket Option and your pajamas meet – is open 24/5. During this abundant timeframe, there are particularly lively hours when multiple markets overlap, such as New York and London from 8:00-12:00 EST. This creates a heightened frenzy of trading activity and can offer increased opportunities for the in-the-know trader (hey, that’s you!).

↪ Trading, Sleep, and More Coffee Please

Those operating on eastern time just hit the jackpot – bingo, the “parent gets ready while kids are still asleep” perfect schedule! But, what about the rest of us? Keep in mind, “Best Times” mean higher trading volumes and more potential profit (but also can mean more competition).

2. Best Days to Trade on Pocket Option

Same as a Monday morning meeting, the market isn’t its energetic self on Mondays – it’s dragging like we are. It’s yet getting warmed up after the weekend. However, it’s not all dismal. If you’re the brave David ready to face the Goliath of volatility, there could be profit potential here too.

↪ TGIF? Not So Much!

While we’re generally dropping the mic on Fridays, the forex market is likely getting unpredictable. Major market players often square their positions towards the close of the week, driving the higher-than-usual volatility. Again, risky but potentially profitable!

3. Trading Around Economic News Releases

Timing your trades around the release of crucial economic news can be a high-reward strategy. However, remember: with great rewards come substantial risks! News releases can create price surges but also stoke volatility. It’s like throwing chum in the water – it might attract your target, but it could also bait a shark!

4. Trading with Different Currency Pairs

In the high-stakes game of trading, selecting the right currency pairs is like holding the winning hand in poker. Currency pairs’ liquidity can significantly swing depending on the time of the day, considering the opening hours of different markets. For example, EUR/USD typically fluctuates when both European and American markets are in session (8:00-22:00 GMT).

↪ Hold ‘Em, Fold ‘Em, or Run

Trading outside of these peak times could be likened to a poker bluff. It can net you big gains if everyone else folds to the pressure of lower liquidity. It might be a high-risk, high-reward game, but remember Kenny Rogers’ famous words, “You gotta know when to hold ’em, know when to fold ’em.” Pick your currency pairs wisely, and remember, it’s not always all about the bluff.

5. Monitoring Global Market Trends

In the ever-changing global economic landscape, staying updated with market trends is not just useful—it’s crucial. Market trends can affect the timing of your trades. A specific geopolitical event or a sudden economic downturn can heighten market volatility, presenting a mix of challenges and opportunities for traders.

↪ Forecasting: Top Tier Gamer Level Required

Deciphering global economic indicators is an advanced level in the ‘Game of Trades.’ It’s challenging, requires in-depth understanding, and the rewards can be substantial. It’s akin to beating the final boss in a video game. And while you’re not going to get a shiny medal, the profits can be a lot more satisfying!

6. Pros and Cons of Trading with Pocket Option at Best Times

Trading can be a wild ride, especially at peak times. Every thrilling drop and heart-stopping climb comes with its pros and cons. So, buckle up, get your safety gear on, and let’s dive into the pros and cons.

↪ Pros: Beyond the Rollercoaster’s Peak

At the best times, trading is like riding a rollercoaster that only goes up. Market liquidity is high, offering more opportunities to profit. Also, the higher trading volume tends to generate more predictable market movement patterns, potentially making your technical analysis more reliable.

↪ Cons: Brace for Impact!

But what goes up can also come down! Your fortune can flip with sudden fluctuations. The same high liquidity could lead to increased competition among traders. Market volatility around peak times might be tougher to manage, and without robust risk management, you could be staring at losses. So, be prepared, and don’t put all your trading eggs in the ‘timing’ basket.

7. Conclusion – Timing Your Pocket Option Trading

Sure, trading wisely on Pocket Option can feel like juggling flaming chainsaws while riding a unicycle. But understanding when to trade, which days to choose, what currency pairs to focus on, and how global market trends impact trading can give you a significant edge. It’s a multi-textured trading pie that requires a careful blend of skills, knowledge, and timing. But hey, once you get a taste of it, we bet you’ll be asking for a second helping!

↪ Checkmate, Market!

Synchronizing your Pocket Option trading with the best market hours and optimizing it for days and eventful times can elevate your trading game. However, always remember: there’s more to trading than timing. Continuous learning, strategic planning, and risk management are the cornerstones of successful trading. Now go out there and reel in some winning trades!

Frequently Asked Questions

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Disclaimer And General Risk Warning:

• ► The information provided should not be seen as financial advice and is only intended for entertainment and informational purposes.
• ► Financial asset providers listed offer a variety of financial products and services, including Stocks, Crypto assets, and CFDs.
• ► CFDs are complex instruments with high risk due to leverage. In fact a 77% to 86% of retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and evaluate whether you can afford the potential risk of losing your money.
• ► Past performance does not guarantee future results. A trading history of less than 5 complete years may not be sufficient for making investment decisions.
• ► Financial asset providers do not constitute investment advice. The value of your investments can fluctuate, putting your capital at risk.
• ► Cryptoasset investments are highly volatile and may be unregulated in some jurisdictions. Consumer protection may not be available, and taxes on profits could apply.
• ► USA financial asset providers are not affiliated with any specific entity and do not offer CFDs. The platforms take no responsibility for the accuracy or completeness of the content in this publication, which is based on publicly available, non-entity-specific information.

► Trade with caution and be warned!

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Author & Expert Trader - Financial Analyst:

My name is Bart Bregman and I am a full-time professional trader with nine years of experience. I specialize in shorter-term trading using technical analysis, and I have extensive experience with Stocks, CFDs, Options, and Crypto trading. I believe that there is no such thing as a bad trade. I'm currently traveling the world as a digital nomad trader. You can follow my journey on Instagram at https://www.instagram.com/bart_bregman/