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What are the best times to trade cryptocurrencies in the Australian forex market?

avatarPhilip BarrDec 27, 2021 · 3 years ago3 answers

Can you provide some insights on the most favorable time periods for trading cryptocurrencies in the Australian forex market? I'm interested in knowing the specific hours or sessions that offer the best opportunities for trading digital currencies in Australia.

What are the best times to trade cryptocurrencies in the Australian forex market?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    The best times to trade cryptocurrencies in the Australian forex market are typically during the overlap of the Australian and Asian trading sessions. This is when there is higher liquidity and increased trading activity, which can lead to better price movements and trading opportunities. It's important to note that specific cryptocurrencies may have different trading patterns, so it's recommended to analyze their individual market behavior as well. Additionally, keeping an eye on major news events and announcements that may impact the cryptocurrency market can also help identify favorable trading times.
  • avatarDec 27, 2021 · 3 years ago
    If you're looking for the best times to trade cryptocurrencies in the Australian forex market, it's generally recommended to focus on the hours between 9:00 AM and 5:00 PM AEST (Australian Eastern Standard Time). During this time, the market is more active and there is a higher volume of trades taking place. However, it's important to keep in mind that cryptocurrency markets are highly volatile and can be influenced by various factors, so it's always a good idea to stay updated on market news and trends.
  • avatarDec 27, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, the best times to trade cryptocurrencies in the Australian forex market are typically during the Asian trading session, which occurs between 7:00 PM and 2:00 AM AEST. This is when the market is most active and there is increased liquidity, providing better trading opportunities. However, it's important to note that individual cryptocurrencies may have different trading patterns and it's always recommended to conduct thorough research and analysis before making any trading decisions.