What are the best trading hours for digital currencies on the ASX?
sayed9609Jan 12, 2022 · 3 years ago3 answers
What are the optimal trading hours for digital currencies on the Australian Securities Exchange (ASX)? I want to know the time when the market is most active and liquidity is high for trading digital currencies on the ASX.
3 answers
- Jan 12, 2022 · 3 years agoThe best trading hours for digital currencies on the ASX are typically during the overlap of the Australian and Asian trading sessions. This is when both markets are open and there is increased trading activity and liquidity. The specific hours can vary depending on daylight saving time and other factors, but generally, it is recommended to trade between 9:30 AM and 4:00 PM AEST. During these hours, you are more likely to find better prices and faster execution of trades.
- Jan 12, 2022 · 3 years agoThe ASX operates from Monday to Friday, and the trading hours for digital currencies usually align with the regular trading hours of the ASX. However, it's important to note that digital currencies are traded 24/7, so even outside of the ASX trading hours, you can still trade digital currencies on other global cryptocurrency exchanges. It's always a good idea to check the specific trading hours of the digital currency you are interested in, as they may vary depending on the exchange and the cryptocurrency itself.
- Jan 12, 2022 · 3 years agoAccording to BYDFi, a popular digital currency exchange, the best trading hours for digital currencies on the ASX are typically between 10:00 AM and 2:00 PM AEST. During these hours, there is usually higher trading volume and increased liquidity, which can result in better trading opportunities. However, it's important to keep in mind that market conditions can change, and it's always a good idea to stay updated with the latest market news and trends to make informed trading decisions.
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