Bitcoin Forum

Economy => Trading Discussion => Topic started by: manicminer on August 21, 2014, 10:33:56 AM



Title: Overall trading volume in European session, New York session, Asian session?
Post by: manicminer on August 21, 2014, 10:33:56 AM
In forex you basically have three sessions, as money managers operate in different time zones; see:

http://fxtrade.oanda.com/analysis/market-hours

http://www.babypips.com/school/preschool/when-can-you-trade-forex/trading-sessions.html

I wonder how these volumes are similar or different in the overall bitcoin market (all exchanges; in summary).


Title: Re: Overall trading volume in European session, New York session, Asian session?
Post by: itsAj on August 23, 2014, 07:37:56 AM
BTC does not have official trading sessions in the same way. If you were to use the times of trading sessions to mirror the trading sessions of the stock markets, then I would think that the time that both the US and European stock market are open would likely be the heaviest for bitcoin trade as well. The reason for this is because this is when the most people with the most money are generally conducting business that could potentially involve a trade.