What are the best cryptocurrency pairs for trading during the London session?
Jiayi liuJan 14, 2022 · 3 years ago4 answers
During the London session, which cryptocurrency pairs are considered to be the most favorable for trading? I'm looking for suggestions on pairs that tend to have high liquidity and volatility during this particular session. Please provide insights on the best pairs to trade and any specific reasons why they are recommended.
4 answers
- Jan 14, 2022 · 3 years agoOne of the best cryptocurrency pairs for trading during the London session is BTC/USD. This pair offers high liquidity and is widely traded, making it a popular choice among traders. The London session is known for its active trading volume, and BTC/USD tends to exhibit significant price movements during this time. Traders can take advantage of the volatility to profit from short-term price fluctuations.
- Jan 14, 2022 · 3 years agoAnother recommended cryptocurrency pair for trading during the London session is ETH/GBP. This pair combines the high liquidity of Ethereum with the British pound, which is one of the major currencies traded during the London session. The ETH/GBP pair can offer opportunities for traders to capitalize on price movements in Ethereum while taking advantage of the active trading hours in London.
- Jan 14, 2022 · 3 years agoDuring the London session, traders can consider trading the XRP/EUR pair. XRP, also known as Ripple, is a popular cryptocurrency with a strong presence in the European market. The London session overlaps with the European trading hours, which can result in increased trading activity for XRP/EUR. This pair offers the potential for traders to benefit from the liquidity and volatility associated with the London session.
- Jan 14, 2022 · 3 years agoWhen it comes to trading during the London session, one cannot overlook the BTC/GBP pair. This pair combines the liquidity of Bitcoin with the British pound, which is a major currency in the London market. The BTC/GBP pair can provide traders with opportunities to profit from the price movements of Bitcoin while taking advantage of the active trading hours in London. It is important to closely monitor market conditions and use appropriate risk management strategies when trading this pair.
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