Which digital currency pairs are commonly traded during the Sydney session in the forex market?
LonerDec 24, 2021 · 3 years ago3 answers
During the Sydney session in the forex market, which digital currency pairs are frequently traded? I would like to know which cryptocurrencies are most actively traded during this particular session and how their trading volumes compare to other sessions.
3 answers
- Dec 24, 2021 · 3 years agoThe Sydney session in the forex market is known for its active trading of digital currency pairs. Some of the commonly traded pairs during this session include BTC/USD, ETH/USD, XRP/USD, and LTC/USD. These pairs are popular among traders due to their high liquidity and volatility. The trading volumes of these pairs during the Sydney session are typically higher compared to other sessions, as this session overlaps with the Asian and European trading sessions. Traders often take advantage of the increased market activity during this time to execute their trading strategies.
- Dec 24, 2021 · 3 years agoWhen it comes to digital currency pairs traded during the Sydney session in the forex market, you'll find a variety of options. Some of the popular pairs include BTC/USD, ETH/USD, XRP/USD, and LTC/USD. These pairs are actively traded due to their widespread popularity and high trading volumes. The Sydney session, being the first major session of the day, sets the tone for the rest of the trading day. Traders often closely monitor the price movements of these currency pairs during this session to identify potential trading opportunities.
- Dec 24, 2021 · 3 years agoDuring the Sydney session in the forex market, digital currency pairs such as BTC/USD, ETH/USD, XRP/USD, and LTC/USD are commonly traded. These pairs offer ample liquidity and attract a significant number of traders. The Sydney session, which starts at 5:00 PM GMT, overlaps with the Asian and European sessions, resulting in increased trading volumes. Traders can take advantage of the market volatility during this session to capitalize on price fluctuations. If you're looking to trade digital currencies during the Sydney session, keep an eye on these popular currency pairs.
Related Tags
Hot Questions
- 98
Are there any special tax rules for crypto investors?
- 98
How can I buy Bitcoin with a credit card?
- 93
What are the tax implications of using cryptocurrency?
- 84
How can I minimize my tax liability when dealing with cryptocurrencies?
- 64
What are the best practices for reporting cryptocurrency on my taxes?
- 63
How does cryptocurrency affect my tax return?
- 55
What are the best digital currencies to invest in right now?
- 42
What is the future of blockchain technology?