Sharing several key points for retail investors in the currency circle to speculate on currencies
1. Pay attention to market trends: Bitcoin usually leads the market up and down, and although Ethereum sometimes behaves independently, the movements of most altcoins are still influenced by Bitcoin.
2. Relationship between Bitcoin and USDT: Bitcoin and USDT often move in opposite directions. When USDT rises, Bitcoin may fall and vice versa, providing trading opportunities.
3. Seize early morning trading opportunities: 0:00 to 1:00 every day is the time when pin insertion occurs frequently. You can set low-price buy and high-price sell orders before going to bed, and you may realize unexpected profits.
4. Observe the trend in the morning: 6 to 8 o'clock every morning is the key time to judge whether to buy or sell. If it continues to fall from 0 to 6 points, you can consider buying; if it continues to rise, it is recommended to sell.
5. Pay attention to afternoon fluctuations: Pay special attention to 5 p.m. when the U.S. market becomes active, which may cause significant fluctuations in currency prices.
6. Beware of "Black Friday": Although there are often big drops on Fridays, there may also be big rises or sideways trading. Paying attention to relevant news can help judge.
7. Be patient with falling currencies: For currencies with a certain trading volume, don’t be too anxious when encountering a decline. If you hold it patiently, you can usually get your money back. You can cover your position in batches, but avoid investing in junk coins.
8. Stick to long-term spot trading: Spot trading usually has greater returns than frequent short-term trading. It is recommended to hold the same currency for the long term.
9. Pay attention to external factors: Fluctuations in the currency circle are affected by many factors, including countries’ attitudes towards cryptocurrency, financial policies, and the opinions of industry leaders.
10. Maintain a good attitude: In the process of currency speculation, it is crucial to maintain a peaceful attitude. Don't panic in the face of big drops, don't be arrogant in the face of big rises, and be safe in time.
