What is the best time to trade cryptocurrencies on the ASX?

3 answers

• Dec 28, 2021 · 3 years ago
  The best time to trade cryptocurrencies on the ASX is during the peak trading hours, which typically occur between 9:30 AM and 4:00 PM Australian Eastern Standard Time (AEST). During this time, there is usually higher liquidity and increased trading volume, which can result in better price execution and reduced slippage. It's important to note that cryptocurrency markets are highly volatile, so it's essential to stay updated with market news and trends to make informed trading decisions. Additionally, consider factors such as market sentiment, economic events, and global cryptocurrency trends when determining the best time to trade on the ASX.
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• Dec 28, 2021 · 3 years ago
  If you're looking for a more relaxed trading experience, you can also consider trading cryptocurrencies on the ASX during off-peak hours. These are typically outside the peak trading hours mentioned earlier, such as early morning or late afternoon. While the trading volume may be lower during these times, it can still present opportunities for traders who prefer less crowded markets. However, keep in mind that lower liquidity during off-peak hours can result in wider bid-ask spreads and potentially higher transaction costs. It's important to weigh the pros and cons based on your trading strategy and risk tolerance.
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• Dec 28, 2021 · 3 years ago
  According to BYDFi, a digital currency exchange, the best time to trade cryptocurrencies on the ASX is during the morning hours, specifically between 9:30 AM and 11:00 AM AEST. During this time, there is usually higher trading activity and increased price volatility, which can present opportunities for traders to capitalize on short-term price movements. However, it's important to note that trading cryptocurrencies involves risks, and it's essential to conduct thorough research and analysis before making any trading decisions. Always consider your risk tolerance and investment goals before engaging in cryptocurrency trading.
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