A big advantage of trading binary options is that you can trade over the weekends when most other worldwide investment markets are closed. Some binary options brokers have been offering weekend trading for some time now, with offerings from Middle Eastern indices to cryptocurrencies. This is due to the growing influence of markets outside New York, London and Tokyo which have grown in importance during recent years. The main example we can see comes from countries in the Middle East which have weekdays running from Sunday to Thursday and Saturday to Wednesday. In this article, I will take a further look at weekend binary options trading and examine whether it is a good idea to trade over the weekend.
Should I Trade Binary Options Over The Weekend?
Weekend trading is most definitely worth considering. It has developed its own set of fans, mainly traders with other full-time jobs and those who actually have a preference for the markets on offer. Most of the world’s markets open from Monday to Friday. However, as we have seen, in the Middle East, the markets open from Sunday to Thursday with some running from Saturday to Wednesday, allowing investors to trade over the weekend. Some of these exchanges include:
Tadawul index. This is the only stock exchange located in Saudi Arabia and represents the biggest economy in the region. It is supervised by the Capital market authority and is offered by a wide variety of brokers providing weekend trading.
Tel Aviv 25 Index. This is the major stock exchange in Israel and comprises 25 of the largest companies in the Tel Aviv 100 Index. It is the only exchange in Israel and represents a number of major companies in the IT and pharmaceutical industries.
DFM Index. This is short for the Dubai Financial Market and is an index that can be found on the Dubai stock exchange. It is one of the United Arab Emirates’ main exchanges and has some of the largest players in the UAE.
Kuwait Stock Exchange. This is the major stock market representing the State of Kuwait and includes companies from the financial, real estate and insurance sectors.
The Advantages Of Trading During Weekends
Probably the biggest advantage of trading binary options over the weekend is that traders are able to enter trades during a period when most of the global investment markets are closed. This means a weekend binary options trader can make a profit within a defined timeframe, especially when trading options with a 30 or 60 minute expiry time during the weekend.
Some binary options brokers also offer “weekend options”. These start at the end of U.S. trading on Friday and last until Monday morning’s open in Europe. They were designed especially to cover events which typically occur over the weekend such as economic data from China and political events that have an impact on the markets, for example, G7 meetings. Long-term options are available on most binary options broker’s platforms and although perhaps not as exciting as their short-term counterparts, they can provide a good entry point for monthly, quarterly or similar trades.
Cryptocurrencies such as Bitcoin also have binary options offered for them as they are effectively traded 24/7. These can present exciting opportunities despite the smaller volume during Saturdays and Sundays. While they are, not surprisingly, overshadowed by the major currency pairs during the week, they do receive their fair share of attention come late Friday.
Overall, currency pairs have proved to be one of the most popular options for weekend trading because the market does not have any central control and can therefore offer one or more options at any given time. Those wishing to trade during weekends will thus benefit from learning how to trade binary options that are currency-based.
Traders wishing to trade over the weekend will be pleased to learn that there are a number of binary options brokers that are open for weekend trading. In the majority of cases, these platforms generally allow trading of Above Below and/or Up Down binaries that have expiries of 30 or 60 minutes. Other binary options brokers offer touch binary options that have an expiry on the following Friday within a specific time period during the weekend.
With binary options, there are always plenty of profit-making opportunities available so considering weekend trading as an alternative or additional trading activity could prove financially worthwhile. Why not try trading this weekend with our recommended broker?