What is the reason trading is so much lower on weekends? It’s almost like the market is “closed”
What is the reason trading is so much lower on weekends? It’s almost like the market is “closed”
byu/helangar1981 inBitcoinBeginners
Posted by helangar1981
2 Comments
Possibly because many professional traders have a life and take the weekend off?
A few reasons :
1) Professional / Institutional investors are not in office and thus trade less. Retail investors dominant trading more on weekends
2) Many fiat onramps do not process on the weekends so you cannot deposit and withdraw fiat than anyways
3) Due to the above many people know there is less liquidity on weekends thus this has a feedback loop of many traders not wanting to open a position when there is less liquidity
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Word of caution
Most people will lose money day trading due to these reasons
https://www.reddit.com/r/BitcoinBeginners/comments/c4zpw9/what_are_the_steps_to_trading_bitcoin/erzkfmm/
https://www.youtube.com/watch?v=rMJI1_TfJnU
https://NeverTrade.org
This study shows that 97% of traders lose money
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101
Wiser to invest long term , stack those BTC , and use bitcoin to save money