Which digital currency pairs are commonly traded during the Sydney session in the forex market?

3 answers

• solipsismesApr 04, 2024 · a year ago
  The Sydney session in the forex market is known for its active trading of digital currency pairs. Some of the commonly traded pairs during this session include BTC/USD, ETH/USD, XRP/USD, and LTC/USD. These pairs are popular among traders due to their high liquidity and volatility. The trading volumes of these pairs during the Sydney session are typically higher compared to other sessions, as this session overlaps with the Asian and European trading sessions. Traders often take advantage of the increased market activity during this time to execute their trading strategies.
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• Bob CFeb 04, 2023 · 2 years ago
  When it comes to digital currency pairs traded during the Sydney session in the forex market, you'll find a variety of options. Some of the popular pairs include BTC/USD, ETH/USD, XRP/USD, and LTC/USD. These pairs are actively traded due to their widespread popularity and high trading volumes. The Sydney session, being the first major session of the day, sets the tone for the rest of the trading day. Traders often closely monitor the price movements of these currency pairs during this session to identify potential trading opportunities.
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• DetyckwsJan 31, 2022 · 3 years ago
  During the Sydney session in the forex market, digital currency pairs such as BTC/USD, ETH/USD, XRP/USD, and LTC/USD are commonly traded. These pairs offer ample liquidity and attract a significant number of traders. The Sydney session, which starts at 5:00 PM GMT, overlaps with the Asian and European sessions, resulting in increased trading volumes. Traders can take advantage of the market volatility during this session to capitalize on price fluctuations. If you're looking to trade digital currencies during the Sydney session, keep an eye on these popular currency pairs.
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