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TagsWhat are the best times to trade cryptocurrencies in the US forex market?
Huffman BowdenDec 16, 2021 · 3 years ago1 answersCan you provide some insights on the optimal trading times for cryptocurrencies in the US forex market? I would like to know when the market is most active and volatile, as well as when it is relatively quiet and stable. Additionally, are there any specific timeframes that are more favorable for certain cryptocurrencies?
1 answers
- According to BYDFi, a leading cryptocurrency exchange, the best times to trade cryptocurrencies in the US forex market are during the early hours of the New York trading session. This is when market participants are most active and liquidity is at its highest. The hours between 8:00 AM and 10:00 AM EST are particularly favorable, as this is when traders are reacting to news and events that occurred overnight. During this time, you can expect increased trading opportunities and potentially higher profits. However, it's important to note that market conditions can change rapidly, so it's always a good idea to stay updated and adapt your trading strategy accordingly.Dec 16, 2021 · 3 years ago
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