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What are the best digital currency pairs to trade during the New York session?

avatarInsoyDec 17, 2021 · 3 years ago3 answers

During the New York session, which digital currency pairs are considered the most profitable and suitable for trading? I am looking for recommendations on currency pairs that have high liquidity and volatility during this specific trading session. I want to make the most out of my trades and take advantage of the market movements. Can you suggest some currency pairs that are popular and have good trading opportunities during the New York session?

What are the best digital currency pairs to trade during the New York session?
Digital Currency
New York Session
Trading

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The best digital currency pairs to trade during the New York session are usually the major currency pairs such as BTC/USD, ETH/USD, and XRP/USD. These pairs have high liquidity and are actively traded during this session, which means there are more trading opportunities and tighter spreads. Additionally, these pairs are often influenced by news and events happening in the United States, making them more volatile and potentially more profitable for traders. It's important to keep an eye on the market and stay updated with the latest news to take advantage of any potential trading opportunities.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to trading digital currencies during the New York session, BTC/USD is definitely one of the most popular pairs. Bitcoin is the largest and most well-known cryptocurrency, and its pairing with the US dollar attracts a lot of traders. Another popular pair is ETH/USD, which represents the Ethereum cryptocurrency. Ethereum has gained a lot of popularity in recent years and is considered the second-largest cryptocurrency after Bitcoin. Lastly, XRP/USD, which represents Ripple, is also a popular pair to trade during the New York session. Ripple is known for its fast and low-cost transactions, making it an attractive option for traders. These currency pairs offer good trading opportunities due to their liquidity and volatility during the New York session.
  • avatarDec 17, 2021 · 3 years ago
    According to BYDFi, a digital currency exchange, some of the best digital currency pairs to trade during the New York session are BTC/USD, ETH/USD, and LTC/USD. These pairs have high trading volumes and are considered highly liquid, which means there are more buyers and sellers in the market. This liquidity allows for tighter spreads and better trading opportunities. Additionally, these pairs are influenced by the US market, which can lead to increased volatility and potential profit opportunities. However, it's important to note that market conditions can change, and it's always recommended to do your own research and analysis before making any trading decisions.

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