A solid understanding of market hours across the globe will give you a significant advantage in making profitable trades. This article explains those market hours in connection with Indian Standard Time.
When getting started with Olymp Trade, it is helpful to understand the busiest times for the assets you consider opening trades on. This way, you achieve the maximum yield. Market schedules across the globe will affect different assets and commodities differently.
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So, what is the best time to trade with Olymp Trade in India? We will break down the answer to this question in detail, but the short answer is it depends on the type of trade and the asset you have chosen.
For instance, a currency pair known as EUR/USD, being the conversion rate of Euros to U.S. Dollars, will not have the same rate of exchange during the peak hours of the Asian market as it would during the peak hours of the New York market, or the London market.
Therefore, as a trader, you must have a basic understanding of your own time zone and the time zones of all other major markets. This will help you determine the best time for effective trading on a specific asset.
Below we will discuss Olymp Trade’s market times and how they translate to IST, the average workday of a potential trader, and which assets are best suited for each significant market. This information will allow you to succeed in trading the correct assets at suitable hours and in the appropriate trading sessions.
Market Hours Across the Globe
Generally speaking, there are four major markets to pay close attention to when beginning to learn Olymp Trade timing in India. Every one of the markets we will list below is open for 6-9 hours total. Although each only covers a portion of the business day, their differing time zones and starting times overlap. This overlapping results in 24-hour business across the standard five business weekdays.
You can see all the correct Olymp Trade market timing sessions here.
The four major markets you must follow and their openings converted to IST are listed below.
- Sydney Market (Mon-Fri, 5:30 AM – 11:30 AM IST)
- Tokyo Market (Mon-Fri, 5:30 AM – 11:30 AM IST)
- London Market (Mon-Fri, 1:30 PM – 10:00 PM IST)
- New York Market (Mon-Fri, 7:00 PM – 1:30 AM IST)
The average business hours in India are Mon-Fri, 9:00 AM – 5:00 PM, but those who work a different schedule can use this list to find the most suitable market that matches their lifestyle.
There are available times throughout the day to trade in all the major markets using the information above.
Sydney and Tokyo will require an early start, and this is most suitable for someone who is an early riser or perhaps someone who works overnight and have time after work available in the early hours of the morning.
London has a stretch from the mid-afternoon to the late evenings. This Olymp Trade timing provides the working majority of India plenty of time to operate after work, during a lunch break from their mobile device, or after daylight.
New York opens its exchange far later than the previous markets we have mentioned, starting in the middle of the evening and stretching far into the earliest portions of the morning. As a result, the U.S. market will be best suited for someone who has an irregular schedule or prefers short trading periods before they sleep.
Choosing Your Market Timing: Mon-Fri
Whether you are an early bird or a night owl, there is a market best fitted for your lifestyle, some traders thrive in the evenings, and others prefer to wake up early and begin their days with as much productivity as possible. Every person has a unique schedule and specific habits. Regardless of this, we will cover some of the best assets to pay attention to in each situation.
If you are a person looking for results first thing in the morning, trading inside the Australian market and the Asian market with these assets is best.
High volatility currency pairs: NZD/USD, EUR/JPY, GBP/USD.
Moderate volatility currency pairs: USD/JPY, USD/CHF, USD/CAD.
If you are interested in trading during lunch hours from your mobile device or prefer to work on your investments Immediately following your workday, these assets are the best.
High volatility currency pairs: EUR/JPY, USD/JPY, USD/CHF, USD/CAD, GBP/USD, GBP/JPY, EUR/USD, EUR/GBP.
Moderate volatility currency pairs: AUD/USD, NZD/USD.
If you are a person working an irregular schedule for your career or tend to work into the late hours of the night, it is best to look at these assets.
High volatility currency pairs: AUD/USD.
Moderate volatility currency pairs: EUR/JPY, NZD/USD, USD/JPY, USD/CHF, USD/CAD, GBP/USD, GBP/JPY, EUR/USD, EUR/GBP.
Note: it is essential to understand the fundamental aspects of asset volatility and how that affects the market you decide to enter. If markets with high volatility are of interest to you and your plan depends on them heavily, it is best to aim for 5:30 PM - 12:30 AM IST to trade.
If you are just beginning to trade with Olymp Trade, check out these tips and tricks guide before actively trading on any of the assets above. You can find more details here.
Trading on the Weekends
Now that we’ve covered what’s available during business days, it’s time to look at the weekend options. Fortunately, this is when most people have a more significant amount of time to focus on trading.
While Olymp Trade is available to trade over the weekend, and there are plenty of opportunities to earn profits, the selection of assets is more limited. While the traditional exchanges are closed, these decentralized markets operate 24/7.
- OTC (Over-the-Counter) Assets
Olymp Trade allows its customers to trade on 8 OTC assets, including EUR/USD, AUD/USD, GBP/USD, Gold, NZD/USD, USD/CAD, USD/CHF, USD/JPY. In addition, trading on these assets is available in the Fixed Time Trades mode.
The exchange of cryptocurrency is available to trade on during weekends and holidays, in other words, at any time. This wave of Modern currency has become a staple in the day-to-day trading of all ranges. Take your pick of Assets on Olymp Trade, from the more popular Bitcoin, or Ethereum, to many of the lesser-known digital assets, including Litecoin or Basic Altcoin Index.
Composite Indices
Composite indices are assets that track multiple asset prices at once and offer greater profitability due to their higher volatility across the board.
- Asia Composite Index
- Europe Composite Index
- Commodity Composite Index
These assets are a great tool considering they follow many of the assets you will have the opportunity to trade on during the week when the exchange markets are open.
In Conclusion
Olymp Trade offers complete day-to-day access to trading, whether during business days on the major markets or utilizing a decentralized market during the weekend. As a result, you have the opportunity to make the most of each day regardless of the time you prefer to trade at or the asset you find the most interesting.
Now that you know the global market hours and the most vital assets during these hours, it’s time to start trading on your live account. Remember to utilize this strategy guide to increase the profitability of your trades.
