How do the trading hours for cryptocurrencies differ from traditional forex trading?

1 answers

• May 30, 2022 · 3 years ago
  The trading hours for cryptocurrencies and traditional forex trading are quite different. Cryptocurrencies, being decentralized and global, can be traded 24/7. This means that you can buy or sell cryptocurrencies at any time, regardless of your location or the time of day. On the other hand, traditional forex trading follows the business hours of different countries. Each forex market has its own opening and closing times, which are typically from Monday to Friday. For example, the London forex market opens at 8:00 AM GMT and closes at 4:00 PM GMT, while the New York forex market opens at 8:00 AM EST and closes at 5:00 PM EST. These fixed trading hours can be a limitation for forex traders who want to trade outside of these hours. In contrast, cryptocurrency traders have the advantage of being able to trade whenever they want, providing more flexibility and opportunities for profit.
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