Are there any specific trading hours to avoid when trading crypto?

3 answers

• Jan 04, 2022 · 3 years ago
  As a crypto trader, it's important to be aware of the specific trading hours that you should avoid. While the cryptocurrency market operates 24/7, there are certain times when trading volume and volatility are higher, which may increase the risk of making poor trading decisions. One such period to be cautious of is during major news announcements or economic events, as these can cause significant price fluctuations. Additionally, it's generally advised to avoid trading during low liquidity hours, such as late at night or early in the morning, as this can lead to wider spreads and less favorable trading conditions.
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• Jan 04, 2022 · 3 years ago
  When it comes to trading crypto, timing is everything. While there are no specific hours that you should completely avoid, it's important to consider the market conditions during different times of the day. For example, during the Asian trading session, there tends to be less volatility compared to the European or American sessions. This means that if you're looking for more price movement and potential trading opportunities, you may want to focus on the latter sessions. However, it's worth noting that market conditions can vary from day to day, so it's always a good idea to stay updated with the latest news and market analysis.
  636212
• Jan 04, 2022 · 3 years ago
  According to BYDFi, a leading digital asset exchange, there are no specific trading hours that crypto traders should avoid. The cryptocurrency market operates 24/7, allowing traders to buy and sell digital assets at any time. However, it's important to note that market conditions can vary throughout the day, with higher volatility during certain periods. It's recommended to stay informed about market trends and news events that may impact the price of cryptocurrencies. Additionally, it's always a good practice to set stop-loss orders and have a clear trading strategy in place to manage risk effectively.
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