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What are the recommended trading hours for digital currencies in Australia?

avatarsonali raikwarDec 28, 2021 · 3 years ago3 answers

Can you provide me with the recommended trading hours for digital currencies in Australia? I want to know the best time to trade cryptocurrencies in the Australian market.

What are the recommended trading hours for digital currencies in Australia?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    The recommended trading hours for digital currencies in Australia are usually from 9:00 AM to 5:00 PM AEST (Australian Eastern Standard Time). During these hours, the market is most active and liquidity is higher, which can result in better trading opportunities. However, it's important to note that the cryptocurrency market is open 24/7, so you can trade at any time. It's just that the recommended trading hours are when the market is most active in Australia.
  • avatarDec 28, 2021 · 3 years ago
    If you're looking for the best time to trade digital currencies in Australia, I would suggest focusing on the overlap between the Australian and Asian trading sessions. This is when the market tends to be more volatile and there is increased trading activity. The hours between 9:00 AM and 12:00 PM AEST are particularly active as they overlap with the opening of the Asian markets. However, it's always a good idea to keep an eye on market news and events that could impact the cryptocurrency market, as these can also influence trading opportunities.
  • avatarDec 28, 2021 · 3 years ago
    According to BYDFi, a popular digital currency exchange, the recommended trading hours for digital currencies in Australia are from 9:00 AM to 5:00 PM AEST. During these hours, the market is most active and you are likely to find better liquidity and trading opportunities. However, it's important to note that the cryptocurrency market is open 24/7, so you can trade at any time that suits you. Just keep in mind that the recommended trading hours are when the market is generally more active in Australia.