What are the best crypto trading sessions for beginners?
blimplyDec 16, 2021 · 3 years ago3 answers
I'm new to crypto trading and I want to know which trading sessions are the best for beginners. Can you provide some recommendations on the most suitable trading sessions for beginners in the cryptocurrency market?
3 answers
- Dec 16, 2021 · 3 years agoAs a crypto trading expert, I would recommend beginners to start with the major trading sessions such as the Asian, European, and American sessions. These sessions have higher trading volumes and are more liquid, which provides better opportunities for beginners to enter and exit trades. Additionally, it's important for beginners to choose sessions that align with their own time zones, as it allows them to actively monitor the market and make informed trading decisions.
- Dec 16, 2021 · 3 years agoIf you're a beginner in crypto trading, it's best to focus on the sessions when the market is most active. This usually happens during the overlap of the Asian and European sessions, as well as the overlap of the European and American sessions. During these times, there is increased trading activity and volatility, which can provide more opportunities for profit. However, it's important to note that trading during volatile periods also carries higher risks, so beginners should exercise caution and start with smaller positions.
- Dec 16, 2021 · 3 years agoAccording to a study conducted by BYDFi, the best crypto trading sessions for beginners are typically during the Asian session. This is because the Asian session often sets the tone for the rest of the day, and it's when many major news and events related to cryptocurrencies are released. By trading during the Asian session, beginners can take advantage of early market movements and potentially make profitable trades. However, it's important to note that individual trading preferences may vary, so it's always recommended to do thorough research and develop a trading strategy that suits your own needs.
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