stocks vs crypto the key differences traders must know

Transcript (Auto translated can have spelling mistakes)

Yeah, it it is a little bit different. There's a there's a few fundamental difference or important differences between stocks and crypto from a trader perspective. Um the first one is the obvious one. It's 24/7. It's always trading. So in stocks, we have the stock market where all of the trading happens.

It's in one place on one, you know, one set of one one set of computers. Uh so all of the trading happens there. In crypto, the trading is happening everywhere. Like you said in stocks the stock market opens at the in the morning and it closes in the evening and overnight it's not open. Well, there's some overnight trading on some exchanges but generally there's an open and there's a close. In crypto happens all the time 247.

So in crypto there's a like a notional open and close. It's the time of day where everyone agrees this is the day open and this is the day close. But then immediately the next day starts. So as soon as the close happens, the open happens. So you can still see a daily chart. You can also see a 1 hour chart or 30 minute chart or one week chart. It doesn't matter. You can still see those charts.

If you can see the charts of the asset, you can develop systems and strategies that work for that asset. Mhm. The difference with crypto is if you get the um the signal at the close of the day, you immediately have to place the the buy because it's already trading.