What do most people do at night? That’s right, everyone is asleep, including most of the traders. While everyone is sleeping, a decent income from night trading is received by some of those traders who know how to get the most out of the night market. Today we will tell you about an interesting but simple strategy for trading binary options at night.
Features of night trading
During the release of news, especially in the work of the American and European trading sessions, the market is subject to constant changes, changes in trends, which are often difficult to predict and even more so to make money on it. Such highly volatile trading is characterized by high risks, trading experience and sufficient knowledge are required in order to learn how to benefit and stable income from the unstable state of the market.
What happens on the stock exchange at nightfall? There is a lull, active market players are leaving trading. The resulting minimal market volatility will allow you to benefit and get the maximum income with a minimum of effort. The night market has small price fluctuations, which will make it easy to predict its dynamics, using the standard movement of quotes. The lowest market volatility is observed from 23:00 to 3:00 Moscow time, when the American session is replaced by the New Zealand and Australian sessions.
At night, it is quite easy to engage in scalping, in one night trading session you can get a decent income from trading binary options. When trading at night, do not forget that the volatility of different currency pairs depends on time, and if you trade, for example, an Australian, it is easy to get into the period of the release of major news and the great dynamics of the market. To minimize losses and facilitate your task at night, choose neutral currencies, the following pairs are more suitable:
- GBPUSD
- USDJPY
- GBPCAD
- GBPCHF
- EURGBP
- EURCHF
- USDCAD
- USDCHF
How to open trades at night?
If you watch the price dynamics at night, it becomes clear that the market is calm, the level of volatility is minimal, most of the quotes are in a horizontal flat. The night market is characterized by a lack of liquidity, the cost moves within the channel, it is easy to predict, this does not require special knowledge and even indicators.
By accurately determining the price channel, you can make money on minimal price fluctuations. To build a channel, you just need to draw support and resistance lines: the support line is determined by the peaks of the price chart, the resistance line is determined by its troughs. The purchase of binary options occurs when the channel rebounds from the support or resistance borders. At night, you can trade well using the classic channel strategy.
Buying Binary Options by Strategy
Buying CALL Options
To buy CALL options (up), you need to wait until the price chart approaches the lower limit:
Buying PCI Options
To buy put options (down), you need to wait for the price chart to approach the upper limit.
Using Bollinger Bands in Night Trading
If you have any difficulties with building a price channel, you can add the Bollinger Bands indicator to the chart, which will allow you to easily determine bounces from the borders, working with it is simple and convenient. Bollinger Bands are ideal for night scalping with binary options, its signals allow you to open a large number of trades in short periods of time. In the image below you can see how it works with Bollinger Bands:
Using Bollinger Bands or building a night channel for trading on your own, you will get excellent conditions for generating income at night. In general, statistics on testing the strategy shows good performance – profit growth for the week is about 130-140%.
Night trading strategy with Binomo broker
In order for the strategy we offer to bring you a decent income, trade binary options in the Binomo terminal.
Advantages of trading: a functional platform, advanced customization options (chart type, indicators, mobile trading, a wide range of options, expiration dates, etc.), convenient withdrawal and deposit of funds, promotions and bonuses – all this makes binary options trading much more profitable. You can get acquainted with real reviews about the Binomo broker, as well as get involved in an active discussion of active traders here.
A detailed review of the Binomo broker is here.
Go to the official website of the Binomo broker here.
In order to buy a
CALL
option in the Binomo trading terminal, follow these steps by going to the binomo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: UP
- Click the “buy” button and follow the results.
In order to buy
a PCI
option in the Binomo trading terminal, follow these steps by going to the binomo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: DOWN
- Click the “buy” button and follow the results.
Real reviews of traders about Binomo
Bonuses broker Binomo
A separate advantage of Binomo should be considered a large number of promotions and offers, which you can find here. Working on the platform with bonuses, the trader not only gets a good chance of a decent income, but can also get the most out of trading faster.
See the best bonuses of Binomo
Binomo Weekly Tournament
Weekly free tournaments from Binomo are an opportunity to get real money without your own investments. They can be withdrawn in any convenient way or put into trading with a broker. Such tournaments are held on Thursdays, traders with any experience who have a demo account with a broker can participate in them. The main prize, which is awarded to the winner with the highest profit during the tournament, is options in the amount of $ 150.
Participate in the Binomo tournament
