What are the most profitable hours for trading cryptocurrencies compared to forex and gold?

4 answers

• Dec 18, 2021 · 3 years ago
  As a seasoned trader, I can tell you that the most profitable hours for trading cryptocurrencies, forex, and gold can vary depending on several factors. In general, the cryptocurrency market operates 24/7, which means that there are always opportunities to make profits. However, it's important to note that the market can be more volatile during certain hours, such as when major news or events occur. On the other hand, the forex and gold markets have specific trading hours that are influenced by different time zones. Traders often find the most liquidity and volatility during the overlap of trading sessions, such as when the European and US markets are open simultaneously. During these hours, traders can take advantage of increased trading volume and potentially higher profit opportunities.
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• Dec 18, 2021 · 3 years ago
  Well, let me break it down for you. When it comes to cryptocurrencies, the market never sleeps. It's a 24/7 party where you can make money at any time of the day. However, keep in mind that the volatility can be higher during certain hours. As for forex and gold, they have their own trading hours. The forex market is open 24 hours a day, but the most active trading sessions are during the overlap of the European and US markets. This is when you'll find the most liquidity and potential for profits. As for gold, it trades on various exchanges around the world, but the most active trading hours are usually during the Asian and European sessions. So, if you're looking to make some serious cash, keep an eye on these timeframes.
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• Dec 18, 2021 · 3 years ago
  When it comes to trading cryptocurrencies, forex, and gold, it's important to consider the specific characteristics of each market. Cryptocurrencies, being decentralized and global, can be traded 24/7. This means that there are always opportunities to profit, regardless of the time of day. On the other hand, forex and gold have more defined trading hours. The forex market operates 24 hours a day, but the most profitable hours tend to be during the overlap of the European and US sessions. This is when the market is most active and offers the highest liquidity. As for gold, its trading hours are influenced by different exchanges around the world. Traders often find the most profitable hours during the Asian and European sessions, when there is increased trading volume and price movements.
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• Dec 18, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has analyzed the trading patterns of cryptocurrencies, forex, and gold to determine the most profitable hours. According to their research, the cryptocurrency market is highly volatile and can present profitable opportunities at any time of the day. However, the forex market tends to be most active and profitable during the overlap of the European and US trading sessions. This is when traders can take advantage of increased liquidity and market movements. As for gold, its profitability hours can vary depending on the exchange and market conditions. Traders should consider factors such as trading volume and price movements to identify the most profitable hours for trading gold.
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