What are the best trading hours for cryptocurrencies on FTMO?
Kollamaram MamathaDec 27, 2021 · 3 years ago3 answers
Can you provide some insights on the optimal trading hours for cryptocurrencies on FTMO? I'm interested in knowing the time periods when the market is most active and volatile, as well as the potential advantages of trading during specific hours.
3 answers
- Dec 27, 2021 · 3 years agoThe best trading hours for cryptocurrencies on FTMO depend on various factors. Generally, the market tends to be more active and volatile during the overlap of trading sessions in different time zones. For example, the hours between 8:00 AM and 12:00 PM EST (Eastern Standard Time) often see increased trading activity as both European and American traders are active. During this time, you may experience higher liquidity and potentially more trading opportunities. However, it's important to note that volatility can also increase the risk, so it's crucial to have a solid trading strategy and risk management in place.
- Dec 27, 2021 · 3 years agoWhen it comes to trading cryptocurrencies on FTMO, it's essential to consider the specific market you're interested in. Different cryptocurrencies may have different trading hours due to their global nature. For example, Bitcoin, being the most popular cryptocurrency, is traded 24/7, while other altcoins may have specific trading hours. It's recommended to research the trading hours of the specific cryptocurrencies you're interested in and align your trading activities accordingly.
- Dec 27, 2021 · 3 years agoAccording to BYDFi, a renowned cryptocurrency exchange, the best trading hours for cryptocurrencies on FTMO are typically during the early morning hours (UTC time). During this time, there is often increased volatility and trading volume, which can present more trading opportunities. However, it's important to note that market conditions can vary, and it's always advisable to conduct thorough research and analysis before making any trading decisions. Remember, successful trading is not solely dependent on the trading hours, but also on your trading strategy and risk management skills.
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