What are the most popular digital currency trading strategies during the London forex session?

3 answers

• Dec 15, 2021 · 3 years ago
  One of the most popular trading strategies during the London forex session for digital currencies is trend following. Traders analyze the price movements of digital currencies and look for trends that are likely to continue. They then enter trades in the direction of the trend, aiming to profit from the continuation of the trend. This strategy can be effective in capturing large price moves during the London session.
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• Dec 15, 2021 · 3 years ago
  Another popular trading strategy during the London forex session is range trading. Traders identify key support and resistance levels for digital currencies and enter trades when the price is near these levels. They aim to profit from the price bouncing between support and resistance, buying at support and selling at resistance. This strategy can be effective when the London session is characterized by range-bound price movements.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a digital currency exchange, recommends using a combination of technical analysis and fundamental analysis during the London forex session. Traders can analyze price charts, indicators, and news events to make informed trading decisions. It's important to stay updated with market news and events that may impact digital currencies. By combining different analysis methods, traders can increase their chances of success during the London session.
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