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What are the best trading hours for cryptocurrencies in Nigeria?

avatarblaineDec 17, 2021 · 3 years ago3 answers

I am curious about the optimal trading hours for cryptocurrencies in Nigeria. Can you provide some insights on when is the best time to trade cryptocurrencies in Nigeria?

What are the best trading hours for cryptocurrencies in Nigeria?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The best trading hours for cryptocurrencies in Nigeria are typically during the overlap of the Nigerian and European trading sessions. This is when there is higher liquidity and increased trading activity, which can lead to better price movements and opportunities for traders. It is recommended to trade during this time for optimal results.
  • avatarDec 17, 2021 · 3 years ago
    In my experience, the best trading hours for cryptocurrencies in Nigeria are usually between 9:00 AM and 5:00 PM local time. During this period, there is usually higher trading volume and market activity, which can result in more favorable trading conditions. However, it's important to note that market conditions can vary, so it's always a good idea to stay updated and adapt your trading strategy accordingly.
  • avatarDec 17, 2021 · 3 years ago
    Based on my knowledge, BYDFi, a popular cryptocurrency exchange, suggests that the best trading hours for cryptocurrencies in Nigeria are during the peak trading hours of major global exchanges, such as Binance and Coinbase. These exchanges have high liquidity and trading volume, which can provide better trading opportunities. It's worth considering their recommendations when planning your trading activities.