What are the advantages of trading digital currencies during the NY session forex?

1 answers

• Patrick LegaspiJan 10, 2024 · 2 years ago
  There are several advantages to trading digital currencies during the New York session in the forex market. Firstly, the New York session is considered the most active and liquid session, with a high volume of trading activity. This means that there is more liquidity available, making it easier to enter and exit positions at desired prices. Additionally, the New York session overlaps with the European session, leading to increased volatility and potentially more trading opportunities. This can be advantageous for traders who thrive on short-term price fluctuations. Lastly, trading during the New York session allows traders to react to news and events that occur during the day in the United States, which can have a significant impact on the value of digital currencies. By staying active during this session, traders can stay ahead of market-moving events and potentially profit from them. Overall, trading digital currencies during the New York session can provide better liquidity, increased volatility, and the ability to react to important market developments.
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