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What are the best times to trade digital assets on Nasdaq?

avatarAbhijit SutarDec 17, 2021 · 3 years ago3 answers

When is the most favorable time to trade digital assets on Nasdaq? I want to know the specific time period or hours during which trading activity is high and liquidity is good. Can you provide some insights on this?

What are the best times to trade digital assets on Nasdaq?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The best times to trade digital assets on Nasdaq are usually during the market hours when the trading volume is highest. This typically occurs during the overlap of the New York and London trading sessions, which is from 8:00 AM to 11:00 AM Eastern Time (ET). During this time, there is increased liquidity and market participants from both regions are actively trading. It's important to note that market conditions can vary, so it's always recommended to monitor the market and adjust your trading strategy accordingly.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for the most active trading hours on Nasdaq, you should focus on the opening and closing hours of the market. The first hour after the market opens and the last hour before it closes tend to have higher trading volumes and volatility. This is when many institutional investors and traders make their moves, which can create opportunities for profit. However, it's also important to consider your own trading strategy and risk tolerance before making any decisions.
  • avatarDec 17, 2021 · 3 years ago
    According to BYDFi, a digital asset exchange, the best times to trade on Nasdaq are during the early morning hours and late afternoon. This is when the market is usually more active and there is higher liquidity. The early morning hours, around 9:30 AM to 10:30 AM ET, are particularly favored by day traders who aim to capture the initial price movements. The late afternoon, around 3:00 PM to 4:00 PM ET, is another period of increased activity as traders prepare for the market close. Keep in mind that these are general guidelines and individual trading preferences may vary.