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What is the currently active forex session for trading cryptocurrencies?

avatarpurva PednekarDec 28, 2021 · 3 years ago3 answers

Can you tell me which forex session is currently active for trading cryptocurrencies? I want to know the best time to trade cryptocurrencies in the forex market.

What is the currently active forex session for trading cryptocurrencies?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    The currently active forex session for trading cryptocurrencies depends on the time zone you are in. Generally, the most active forex session for trading cryptocurrencies is the Asian session, which starts around 12:00 AM UTC and ends around 9:00 AM UTC. During this session, there is usually higher trading volume and volatility in the cryptocurrency market. However, it's important to note that cryptocurrency trading is available 24/7, so you can trade at any time that suits you.
  • avatarDec 28, 2021 · 3 years ago
    If you're looking for the most active forex session for trading cryptocurrencies, you should consider the overlap between the Asian and European sessions. This overlap occurs between 7:00 AM UTC and 9:00 AM UTC. During this time, there is increased trading activity and liquidity in the market, which can lead to better trading opportunities. However, it's important to keep in mind that market conditions can vary, and it's always a good idea to do your own research and analysis before making any trading decisions.
  • avatarDec 28, 2021 · 3 years ago
    According to BYDFi, a popular cryptocurrency exchange, the most active forex session for trading cryptocurrencies is the European session, which starts around 7:00 AM UTC and ends around 4:00 PM UTC. During this session, there is usually higher trading volume and liquidity in the cryptocurrency market. However, it's important to note that cryptocurrency trading is available 24/7, so you can trade at any time that suits you. It's always a good idea to consider your own trading strategy and goals when deciding the best time to trade cryptocurrencies.