What are the advantages and disadvantages of trading cryptocurrency in EST versus GMT timezone?

3 answers

• Nov 29, 2021 · 3 years ago
  One advantage of trading cryptocurrency in the EST timezone is that it aligns with the working hours of major financial institutions in New York, which can lead to increased liquidity and trading volume. However, a disadvantage is that it may be more challenging to monitor and react to market movements during non-working hours. Additionally, trading in the GMT timezone allows for access to European markets and can provide opportunities for arbitrage. However, it may require staying up late or waking up early to take advantage of these opportunities.
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• Nov 29, 2021 · 3 years ago
  Trading cryptocurrency in the EST timezone can be advantageous for traders who prefer to be active during regular business hours and have access to real-time news and market updates. On the other hand, trading in the GMT timezone can be beneficial for those who want to take advantage of global market trends and have the flexibility to trade outside of traditional working hours. It ultimately depends on an individual's trading strategy and personal preferences.
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• Nov 29, 2021 · 3 years ago
  From BYDFi's perspective, trading cryptocurrency in the EST timezone offers the advantage of being in sync with the North American market, which is one of the largest cryptocurrency markets in the world. However, trading in the GMT timezone provides access to a broader range of international markets and can offer unique trading opportunities. It's important for traders to consider their own trading goals and preferences when deciding which timezone to trade in.
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