What are the open ses in the cryptocurrency market?
Giuseppe PangalloDec 16, 2021 · 3 years ago3 answers
Can you explain what open ses are in the cryptocurrency market and how they affect trading?
3 answers
- Dec 16, 2021 · 3 years agoOpen ses, short for open sessions, refer to the specific time periods when cryptocurrency markets are open for trading. These ses are usually determined by the exchange or platform where the trading takes place. During open ses, traders can buy, sell, and exchange cryptocurrencies. The timing of open ses can vary depending on the exchange and the market being traded. It's important for traders to be aware of the open ses of different markets to effectively plan their trading strategies.
- Dec 16, 2021 · 3 years agoOpen ses are like the operating hours of a store. They determine when you can buy or sell cryptocurrencies. Just like a physical store, cryptocurrency exchanges have specific hours when they are open for trading. These open ses can vary from exchange to exchange and from market to market. It's important to know the open ses of the markets you're interested in trading to ensure you can execute your trades at the right time.
- Dec 16, 2021 · 3 years agoOpen ses are crucial for traders to know because they determine when they can enter or exit positions in the cryptocurrency market. Different exchanges have different open ses, and some markets may have limited trading hours. For example, BYDFi, a popular cryptocurrency exchange, has open ses from 9:00 AM to 5:00 PM UTC. It's important to check the open ses of the exchanges and markets you're interested in to ensure you can trade when you want to.
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