common-close-0
BYDFi
Trade wherever you are!

What are the best cryptocurrency trading sessions for beginners?

avatarBright RefsgaardDec 16, 2021 · 3 years ago3 answers

I'm new to cryptocurrency trading and I want to know which trading sessions are considered the best for beginners. Can you provide some guidance on this?

What are the best cryptocurrency trading sessions for beginners?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    The best cryptocurrency trading sessions for beginners are usually during the times when the market is less volatile. This means avoiding periods of high market activity and extreme price fluctuations. It's recommended to trade during the quieter hours, such as early mornings or late evenings, when the market tends to be more stable. This allows beginners to analyze and understand the market trends without being overwhelmed by rapid changes. Additionally, it's important to choose trading sessions that align with your own availability and comfort level. Remember to start with small investments and gradually increase your trading activity as you gain experience and confidence.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to cryptocurrency trading sessions for beginners, it's crucial to consider your own time zone and availability. While there are no specific 'best' sessions, it's generally recommended to avoid trading during times of high market volatility, such as major news announcements or during peak trading hours. These periods can be overwhelming for beginners and may lead to impulsive decisions. Instead, focus on trading sessions where you can dedicate your full attention and have enough time to analyze the market and make informed decisions. Remember, patience and a long-term perspective are key in cryptocurrency trading.
  • avatarDec 16, 2021 · 3 years ago
    As an expert in the field, I can say that one of the best cryptocurrency trading sessions for beginners is during the Asian trading session. This session usually starts around 12:00 AM UTC and ends around 8:00 AM UTC. During this time, the market tends to be less volatile compared to other sessions, providing a more stable trading environment for beginners. Additionally, the Asian session overlaps with the European session, which can result in increased trading volume and liquidity. However, it's important to note that the best trading session for beginners may vary depending on individual preferences and trading strategies. It's always recommended to conduct thorough research and practice risk management before engaging in any trading activities.