What are the recommended trading hours for cryptocurrencies in the EST timezone?
FATIMA HAMDANNov 29, 2021 · 3 years ago3 answers
I am curious about the best trading hours for cryptocurrencies in the EST timezone. Can you provide some insights on when it is most advantageous to trade cryptocurrencies in this timezone?
3 answers
- Nov 29, 2021 · 3 years agoThe recommended trading hours for cryptocurrencies in the EST timezone are usually between 9:30 AM and 4:00 PM. This is when the New York Stock Exchange (NYSE) is open, and it is considered the most active time for trading. However, it's important to note that the cryptocurrency market operates 24/7, so you can trade at any time. It's just that during these hours, there tends to be higher liquidity and trading volume, which can result in better trading opportunities.
- Nov 29, 2021 · 3 years agoIf you're looking for the best trading hours for cryptocurrencies in the EST timezone, I would suggest focusing on the overlap between the European and American trading sessions. This is when there is increased trading activity and volatility in the market. Specifically, the hours between 8:00 AM and 11:00 AM EST are known to be quite active. However, keep in mind that the cryptocurrency market is highly unpredictable, so it's always a good idea to do your own research and analysis before making any trading decisions.
- Nov 29, 2021 · 3 years agoBased on my experience at BYDFi, a popular cryptocurrency exchange, the recommended trading hours for cryptocurrencies in the EST timezone are typically between 9:00 AM and 5:00 PM. During these hours, there is usually higher trading volume and liquidity, which can lead to better execution of trades. However, it's important to remember that the cryptocurrency market is highly volatile and can be influenced by various factors, so it's always a good idea to stay updated on market news and trends before making any trading decisions.
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