"Strategies and Thinking in Digital Currency Trading"
In the currency trading contract, whether you choose to open long or short, clear logic is crucial. When opening long, we should aim at the strongest currency, because they often have stronger upward momentum and potential; conversely, when opening short, we should choose the weakest currency to increase the possibility of profit.
Friends who are familiar with me know that I rarely open shorts. However, yesterday, I opened two orders, one for Bitcoin and one for Ethereum. When observing Ethereum, it obviously showed a weaker trend, so I decisively entered the market and chose to short.
When choosing a currency to trade, the first thing to consider is the currency with the highest trading volume. These currencies usually have higher liquidity and market attention, and the trading risk is relatively low. At the same time, it is also necessary to judge whether there is a leading currency based on market conditions.
In short, digital currency trading is not blindly following the trend or relying on luck, but requires us to conduct in-depth analysis and thinking before each order, comprehensively consider various factors, and formulate reasonable trading strategies, so that we can move forward steadily in this market full of variables and achieve our investment goals.
