Is it better to trade digital currencies before or after the ASX opens?

3 answers

• Dec 30, 2021 · 3 years ago
  Trading digital currencies before the ASX opens can offer certain advantages. For one, it allows you to react to overnight market movements and news from other parts of the world. Additionally, trading during this time may result in lower trading volumes, which could lead to better price execution. However, it's important to note that liquidity may be lower, which could impact your ability to enter or exit positions quickly.
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• Dec 30, 2021 · 3 years ago
  On the other hand, trading digital currencies after the ASX opens has its own merits. The increased trading volume during regular market hours can provide more liquidity and potentially tighter spreads. Moreover, you can benefit from the market sentiment and momentum generated by other traders. However, you might miss out on early price movements and news that occurred before the ASX opened.
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• Dec 30, 2021 · 3 years ago
  As an expert at BYDFi, I would recommend considering both options. Each approach has its own pros and cons, and the best choice depends on your trading strategy, risk tolerance, and specific goals. It's essential to analyze market conditions, monitor news and events, and adapt your trading plan accordingly. Remember, successful trading requires a well-informed and flexible approach.
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