SamTrader1
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Many binary options traders believe that indices are the best instruments for this type of trading. Because indices consolidate prices from major stock exchanges, price changes are pretty stable, hence, predicting the direction they are bound to go is so much easier. Because binary options contracts for indices is now available electronically, a trader can now open and close contracts with just a few clicks of a button! The best part about binary options trading with the main indices is that they are charges with lower taxes compared to stocks! Using a good broker and an excellent binary options platform, a trader can take advantage of price monitoring systems as well as market analysis data in making their investment decisions! Four of the most commonly traded indices today include the Dow Jones Industrial Index, the NASDAQ Composite Index, the NASDAQ 100 Future and the S&P 500.
1. The Dow Jones Industrial Index consolidates the prices of the 30 most traded stocks in the New York Stock Exchange. Binary options for the Dow Jones are traded every hour, from Monday to Friday, between 9am and 4pm EST. Other brokers offer multiple expiry time – daily, weekly and monthly.
2. The NASDAQ Composite Index uses the price of stocks which are listed under the NASDAQ stock market. Unlike the Dow Jones, it includes stocks from smaller and newer companies. It lists more than 3,000 securities and is considered as one of the biggest indices today. Binary options contract for NASDAQ are traded from Monday to Friday, at 9am to 4pm. Expiry periods are available hourly, weekly and monthly.
3. The NASDAQ 100 Future lists the top 100 companies whose main business in not related to finance. Of all the main indices, it is the only one that’s traded 24 hours a day, from Mondays to Fridays. Binary options are traded between 2pm and 4:15 pm EST.
4. The S&P 500 utilizes the prices from the top 500 companies in the US. It is denoted by the symbol SPX and is often used as an indicator of the condition of the US economy. Binary options contract for this index are traded from Monday to Friday, between 9:40 PM and 4:15 AM EST.
1. The Dow Jones Industrial Index consolidates the prices of the 30 most traded stocks in the New York Stock Exchange. Binary options for the Dow Jones are traded every hour, from Monday to Friday, between 9am and 4pm EST. Other brokers offer multiple expiry time – daily, weekly and monthly.
2. The NASDAQ Composite Index uses the price of stocks which are listed under the NASDAQ stock market. Unlike the Dow Jones, it includes stocks from smaller and newer companies. It lists more than 3,000 securities and is considered as one of the biggest indices today. Binary options contract for NASDAQ are traded from Monday to Friday, at 9am to 4pm. Expiry periods are available hourly, weekly and monthly.
3. The NASDAQ 100 Future lists the top 100 companies whose main business in not related to finance. Of all the main indices, it is the only one that’s traded 24 hours a day, from Mondays to Fridays. Binary options are traded between 2pm and 4:15 pm EST.
4. The S&P 500 utilizes the prices from the top 500 companies in the US. It is denoted by the symbol SPX and is often used as an indicator of the condition of the US economy. Binary options contract for this index are traded from Monday to Friday, between 9:40 PM and 4:15 AM EST.
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