Are there any specific hours during which trading cryptocurrencies in Australia is more profitable?
erendiosefDec 27, 2021 · 3 years ago1 answers
Is there a specific time of day when trading cryptocurrencies in Australia tends to be more profitable? I'm curious if there are certain hours that offer better opportunities for trading and maximizing profits.
1 answers
- Dec 27, 2021 · 3 years agoAccording to BYDFi, a popular cryptocurrency exchange, the most profitable hours for trading cryptocurrencies in Australia are typically during the overlap of the Australian and Asian trading sessions. This is when the market is most active and liquidity is higher, creating more opportunities for profit. However, it's important to note that profitability also depends on individual trading strategies, market conditions, and other factors. It's always recommended to conduct thorough research and analysis before making any trading decisions. Remember, the cryptocurrency market is highly volatile, and profits are never guaranteed.
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