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Cryptocurrency Trading / Re: What trading strategy are you using now?
« on: March 23, 2021, 08:42:40 PM »My mentor once told me to never take the top cryptocurrencies for day trading. at a minimum, you need to take coins from the second ten of the rating, so that not only the trading volume is large enough, but also the volatility is high enough. then you can earn quite impressive amounts of profit without having much knowledge.I often choose to trade with the Altcoin/USDT pair to trade Cryptocurrency. Because by choosing this pair I can find out how much profit I get on each of my trades. For how to choose the coins that I want to trade, I usually choose coins that are trending and I often get them from the telegram channel of the Crypto trader community that I follow.It's better to make trades on USDT or Fiat pair as other pairs might dump according to the movement of bitcoin and in the mean time, usdt pair might be stable or dump a litte compare to others. BTW, it's risky to pickup trending coins , but it's better if anyone follow the events to pickup those as most of those are listed in the trending list because of upcoming events.
I also like it when the volatily is high and I trade only in EUR-pairs. The volatily is the last 24h somewhat disappointing. Since these are my first steps in trading crytos I wanted to know if this wil pick up again. @WHYRQA Do you mean the -20 to -10 biggers droppers where you go and check for potential buys?