Before I entered the trading world, I thought all cryptocurrencies were traded only in dollars. I also didn't know the concept of trading pairs, and I didn't understand the difference between pairs like BTC/USDT and ETH/BTC. But with learning and experience, I realized that choosing the right trading pair has a significant impact on trading results. Sometimes the currency is good, but the pair I am trading has a liquidity shortage or behaves strangely.
One of the things I learned is that some trading pairs are more stable and easier to predict their movement. For example, the pair with USDT is tied to the dollar, so the price is clear. Whereas pairs with BTC or ETH require monitoring two assets at the same time, making the movement more complicated.
So, I always ask myself before every trade: which trading pair offers the best prices and execution? Should I take profits in dollars, or invest in other assets? I often use pairs with BNB or BTC, because sometimes I want to transfer between projects without converting to cash.
Now, I understand that choosing a trading pair varies according to my trading goals and the overall market conditions.
Now, choosing a trading pair is part of my decisions. I don't trade just because the currency is rising. I look at which currency I will be in the pair, and how that pair has moved over the past few days. Before trading, I check the trading volume, liquidity, and the spread. There is a big difference from the days when I just pressed the 'buy' button.
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