common-close-0
BYDFi
Trade wherever you are!

What are the most profitable hours to trade USD/CAD in the cryptocurrency industry?

avatarMuthukumari MDec 17, 2021 · 3 years ago3 answers

In the cryptocurrency industry, what are the hours during which trading USD/CAD pairs is most profitable?

What are the most profitable hours to trade USD/CAD in the cryptocurrency industry?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The most profitable hours to trade USD/CAD in the cryptocurrency industry are typically during the overlap of the North American and Asian trading sessions. This is when there is higher liquidity and increased trading volume, which can lead to more opportunities for profit. It is important to note that market conditions can vary, so it is recommended to monitor the market and use technical analysis tools to identify potential trading opportunities during these hours.
  • avatarDec 17, 2021 · 3 years ago
    Based on my experience, the most profitable hours to trade USD/CAD in the cryptocurrency industry are usually between 12:00 PM and 4:00 PM UTC. During this time, there is often increased volatility and trading activity, which can create opportunities for profit. However, it is important to consider other factors such as news events and market sentiment when making trading decisions.
  • avatarDec 17, 2021 · 3 years ago
    According to a recent study, the most profitable hours to trade USD/CAD in the cryptocurrency industry are between 2:00 PM and 6:00 PM UTC. During this time, there is typically higher trading volume and increased price movement, which can result in more profitable trades. It is important to stay updated with market news and use technical analysis to identify potential trading opportunities during these hours. Remember to always trade responsibly and manage your risk effectively.