One of the advantages of CRYPTO TRADING is you can operate 24 hours a day, seven days a week. However, this does NOT mean that ALL TIMES are equally FAVORABLE to obtain benefits.
Operating at certain times that correspond to the opening of traditional markets can provide COMPETITIVE ADVANTAGES
These times coincide with the sessions in the world's main financial centers: Asia, London and New York. Each session has characteristics and factors that influence the price of cryptocurrencies, especially in the BTCUSD pair, which is the most traded and the one that sets the market trend.
Asian session: From 23:00 GMT to 8:00 GMT. It is the first to open and set the tone for the day.
London session: 8:00 GMT to 16:00 GMT. It is the most important and the most volatile, since it coincides with the opening of other European markets and the end of the Asian session.
New York Session: From 13:00 GMT to 22:00 GMT. It is the last to close and the one that usually defines the closing of the day
What is the best time to trade? Consider the morning as a strategic time.
The first reason is the OVERLAPPING TIMES of the London and New York markets, which can be HIGHLY BENEFICIAL. And here I will show you why IT INCREASES THE CHANCES of a GOOD TRADE:
1. Greater volatility: The overlap generates greater volatility since there is greater participation of institutional and retail investors in both markets, increasing liquidity and volatility. This provides opportunities to make significant profits in a short time.
2. Greater liquidity: Liquidity peaks because there are more buyers and sellers willing to trade, making it easier to execute orders and reducing the risk of price slippage. The greater the liquidity, the greater the flexibility to enter and exit operations quickly and efficiently.
3. Access to relevant information: There is greater access to news and economic reports that influence prices and the opportunity to anticipate movements
These are reading times
Operating at certain times that correspond to the opening of traditional markets can provide COMPETITIVE ADVANTAGES
These times coincide with the sessions in the world's main financial centers: Asia, London and New York. Each session has characteristics and factors that influence the price of cryptocurrencies, especially in the BTCUSD pair, which is the most traded and the one that sets the market trend.
Asian session: From 23:00 GMT to 8:00 GMT. It is the first to open and set the tone for the day.
London session: 8:00 GMT to 16:00 GMT. It is the most important and the most volatile, since it coincides with the opening of other European markets and the end of the Asian session.
New York Session: From 13:00 GMT to 22:00 GMT. It is the last to close and the one that usually defines the closing of the day
What is the best time to trade? Consider the morning as a strategic time.
The first reason is the OVERLAPPING TIMES of the London and New York markets, which can be HIGHLY BENEFICIAL. And here I will show you why IT INCREASES THE CHANCES of a GOOD TRADE:
1. Greater volatility: The overlap generates greater volatility since there is greater participation of institutional and retail investors in both markets, increasing liquidity and volatility. This provides opportunities to make significant profits in a short time.
2. Greater liquidity: Liquidity peaks because there are more buyers and sellers willing to trade, making it easier to execute orders and reducing the risk of price slippage. The greater the liquidity, the greater the flexibility to enter and exit operations quickly and efficiently.
3. Access to relevant information: There is greater access to news and economic reports that influence prices and the opportunity to anticipate movements
These are reading times