From Nasdaq: 2024-05-04 16:00:13

Financial advisors and stockbrokers stress the importance of timing in trading success. Investors use various strategies to determine the best time to make trades in the stock market. Cryptocurrency, currently valued at over $2.3 trillion, presents unique challenges compared to traditional markets, requiring expert advice due to its volatility.

According to the Corporate Finance Institute, Monday is the best day to buy cryptocurrency, as prices tend to start low at the beginning of the week and rise throughout. Avoid buying on Fridays, as prices may drop after a weekend of low trading activity. End of the month is also considered a good time to purchase crypto.

New cryptocurrency investors should be aware of the market’s extreme volatility and understand their risk tolerance before buying. Monitoring traditional stock market activities during trading hours can impact crypto trading. Educate yourself on best practices before diving into the world of cryptocurrencies.

Read more at Nasdaq: Don’t Buy Crypto on This Day of the Week