What are the recommended trading day hours for beginners in the cryptocurrency trading?

3 answers

• Dec 20, 2021 · 3 years ago
  For beginners in cryptocurrency trading, it is recommended to trade during the most active hours of the day. These hours typically fall between 9:00 AM and 4:00 PM UTC, when major markets such as Europe and the United States are open. During these hours, there is usually higher trading volume and increased price volatility, providing more opportunities for beginners to enter and exit trades. However, it's important to note that each cryptocurrency has its own unique trading patterns, so it's essential to research and understand the specific market dynamics of the cryptocurrencies you are trading.
  603302
• Dec 20, 2021 · 3 years ago
  As a beginner in cryptocurrency trading, it's important to consider the time zone you are in and the market hours of the cryptocurrencies you are interested in. While there are no specific 'recommended' trading hours for beginners, it is generally advised to avoid trading during low liquidity periods, such as late at night or early in the morning when major markets are closed. Instead, focus on trading during the overlapping hours of different markets, as this is when trading activity and price movements are usually higher.
  529177
• Dec 20, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, there are no specific trading day hours recommended for beginners. The cryptocurrency market operates 24/7, allowing traders to trade at any time. However, it's important for beginners to understand the market dynamics and volatility of different cryptocurrencies before making trading decisions. It's also advisable to start with small trades and gradually increase exposure as you gain experience and confidence in your trading abilities. Remember, successful trading requires continuous learning and adapting to market conditions.
  588147