In the past few years, cryptocurrencies have gained an enormous popularity all over the world. People are continuously talking about cryptocurrencies, no matter if they know anything about it or not. The quality which separates cryptocurrencies from other forms of currencies is encryption.
All these and much more qualities have attracted investors from all over the world to trade in cryptocurrencies. When it comes to trading cryptocurrencies, IQ Option Singapore provides the most advanced, precise and user-friendly trading platform for new as well as advanced traders. Since IQ Option Singapore provides maximum trading instruments and indicators which helps you in trading, analysing and managing your investments in cryptocurrency.
· Click on the “Open new asset” button (‘+’ on the screen’s top) in the trade room and choose the cryptocurrency you wish to buy or sell.
- Go to the “Amount” window at the screen’s right side and choose the cryptocurrency’s dollar value you wish to buy or sell.
- Click on the green button (Buy) or red button (Sell) on the screen’s right side to get your position.
Your position can then be monitored in real-time and you can place a stop loss or take profits subject to your preference and trading plan.
When to Trade On IQ Option Singapore
Binary provide you with the opportunity to trade in various assets like stocks, currencies, commodities, cryptocurrencies, etc. With the presence of many assets on IQ Option, a traders wish is to get the ability to trade at all times.
Trading in stock exchanges can be done at a particular time of the day. This allows the stockbrokers as well as other people to go home and spend time with their families, i.e. live a normal life. Then, there is the Forex market which remains closed during weekends and is operational on Friday for half working day. The reason for this is similar to stock exchanges.
IQ Option Singapore Trading Schedule and Market Hours
There are two main asset categories which are traded on IQ Option Singapore. They are Forex Currency Market and Stock Markets. The trading hours of both these assets are described below:
When it comes to trading done in stocks, the stock markets of the US are traded the most. Generally, trading in US stock markets can be done between 09:30 and 16:00 EST (Eastern Standard Time).
If you follow a trading pattern which depends on the market’s volatility, the trading activity is at the lowest level from 12:00 to 13:00 EST. This is because this time period corresponds to the trader’s lunch time. The highest trading activities take place in early hours of the trading prior to lunch.
Besides the stock markets of the US, the traders of binary also trade European assets. The most popular European stock markets of IQ Option traders are Xetra DAX and FTSE. The market hours of these exchanges are from 07:00 or 08:00 to 15:30 or 16:30 on weekdays.
Forex Currency Markets
Although many commodities and currency markets are there, the most active one is Forex. This market earns it’s fame by just being opened for the first 4 weekdays (whole 24-hours) and half of the last weekday. The Foreign Exchange Currency Market is not limited to the physical trading centers. There are only four big financial centers which witness the majority of the activity. These centers are open for a specific time of the days in a manner similar to stock exchanges. The major four Forex markets are New York, London, Tokyo and Sydney.
The trading time at these centers overlaps at some periods. For example, the markets of London and Tokyo overlaps. The trading time of New York and London also overlaps. The time duration of overlap is considered critical because a lot of swing occurs during this overlap.
It can be concluded that trading through IQ Option Singapore depends on the market timing. The trading can be done in a particular stock market when it is open and similarly, the trading in major Forex exchanges can be done when they are open. If you wish to trade in other assets, then trading in those assets will be possible when the specific exchanges or markets of those assets are open. Some assets are available 24/7 and therefore trading is possible in them all the time.