What Time Should You Trade Cryptocurrency?

Cryptocurrencies are digital market products and just like the other digital platforms, it runs 24/7. You can go for cryptocurrency trading at any point of the day, during any time in the week. Unlike stocks and commodities, it doesn’t have a market with a regulated exchange, rather it can be traded during all hours of the day on different platforms such as Binance, Coinbase, etc. Though cryptocurrency trading can be done round the clock, there are times when the market appears to be busier, but it is a loose thumb rule and doesn’t always remain active. The three major crypto traders are the USA, UK, and Russia and hence, the market hours of these places are the busy trading hours for cryptocurrency. The Asian market can be volatile at times for cryptocurrency, majorly on weekends. The strange thing about cryptocurrency platforms is the range to which the price difference can go between different exchanges. For example, there have been times when Bitcoin has shown a price difference of $500 between two exchanges. The simple reason behind it is the difference in liquidity between the exchanges and their geographical location. The price difference gets more noticeable after the big movement in…

Things You Should Know Before Cryptocurrency Trading

2019 marked the year which led to the rise of cryptocurrencies traders. More and more Millenials and young investors have become skeptical about traditional trading and have opted to invest in cryptocurrencies in the future. Here are some points which every investor should keep in mind when going for cryptocurrency trading: Market capitalization Presently, you have 4900 cryptocurrencies enlisted on several exchanges. Basically, the market cap is the size of the company and it provides an insight into the level of risk the coin represents. This is why it is important to know the market cap of a digital asset before you buy it. Coins with high market cap and big volume in circulation cannot be manipulated while tokens with a smaller market cap may be affected by positive and negative news. Trading volume Before making a buy or trading at brokers like RoyalCBank, investors should see the trading volume of the token too. Majorly this is not an issue with the top 20 coins listen on a crypto platform. But as a trader, it is important to investigate and choose coins with high trade volumes i.e. which are bought and sold in large numbers on a daily basis. Higher…