I am not a financial advisor, but it is generally recommended to start trading with a stable and highly liquid currency, such as the US dollar (#USDT。 ) or the Euro (#euro ). These currencies usually have lower volatility and are easier to predict.
As for strategies to make a profit in currency trading, some of the most common ones are the following:
1. Technical analysis: This strategy is based on the study of graphic patterns, trends and other technical indicators to predict future market movements.
2. Fundamental analysis: This strategy is based on the study of economic, political and social factors that can affect the value of a currency. Traders who use this strategy usually pay attention to economic news, government reports, etc.
3. Scalping strategy: This strategy involves making short-term trades, taking advantage of small market movements. It is a high-risk strategy and requires careful risk management.
4. Swing Trading Strategy: This strategy involves holding positions for several days or weeks, taking advantage of large market fluctuations. It is a strategy that requires patience and discipline.
Remember that currency trading carries a high level of risk and it is important to trade with caution and not invest more than you can afford to lose. It is also advisable to practice with a demo account before trading with real money. It is always advisable to seek professional advice before you start trading.
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