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What are the recommended market hours for trading digital currencies on Fidelity?

avatarosmary figueraDec 28, 2021 · 3 years ago3 answers

Can you provide me with the recommended market hours for trading digital currencies on Fidelity? I want to make sure I am trading at the most optimal times to maximize my potential profits.

What are the recommended market hours for trading digital currencies on Fidelity?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    The recommended market hours for trading digital currencies on Fidelity are typically aligned with the regular trading hours of major cryptocurrency exchanges. This means that trading is generally available 24/7, allowing you to trade at any time that suits your convenience. However, it's important to note that market liquidity and trading volume may vary depending on the time of day. It's generally advisable to consider trading during peak hours when trading volume is higher, as this can potentially result in better price execution and reduced slippage.
  • avatarDec 28, 2021 · 3 years ago
    When it comes to trading digital currencies on Fidelity, there are no specific market hours to adhere to. Unlike traditional stock markets that have set opening and closing times, the cryptocurrency market operates 24/7. This means that you can trade digital currencies on Fidelity at any time of the day or night. However, it's worth noting that market volatility and liquidity can vary at different times, so it's important to stay informed and monitor the market conditions before making any trading decisions.
  • avatarDec 28, 2021 · 3 years ago
    While Fidelity itself does not offer digital currency trading services, you can trade digital currencies on Fidelity through the BYDFi platform. The recommended market hours for trading digital currencies on BYDFi are aligned with the regular trading hours of major cryptocurrency exchanges. This means that you can trade digital currencies on BYDFi 24/7, just like on other exchanges. It's important to consider factors such as market liquidity and trading volume when choosing the most optimal trading hours to maximize your potential profits.