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TagsWhat are the advantages of trading cryptocurrencies during NASDAQ opening hours?
furqwanJan 07, 2022 · 3 years ago1 answersWhy is it beneficial to trade cryptocurrencies during the opening hours of NASDAQ?
1 answers
- Trading cryptocurrencies during NASDAQ opening hours can offer several advantages. Firstly, the opening hours of NASDAQ coincide with the busiest trading hours in the global financial markets. This means that there is increased market activity and liquidity, which can result in better pricing and execution for cryptocurrency trades. Secondly, trading during NASDAQ opening hours allows traders to react quickly to any market news or events that may impact cryptocurrency prices. By being active during this time, traders can take advantage of price movements and potentially make profitable trades. Additionally, trading during NASDAQ opening hours can provide opportunities for arbitrage between the cryptocurrency market and other financial markets. Price discrepancies between these markets can occur, and traders can exploit these differences to make profits. In conclusion, trading cryptocurrencies during NASDAQ opening hours can offer better pricing, the ability to react quickly to market events, and potential arbitrage opportunities.Jan 07, 2022 · 3 years ago
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