I am new to trading..... Can you advise me on the down currency that I should buy at the moment?
emadatieh
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Why, thank God, I knew the reason that I didn't really lose in the decline.
I asked GBT and he answered
You follow a simple trading strategy (Spot Trading) without leverage, which depends on:
Buying currencies when they fall: When you see that the price of a certain currency has fallen, you buy it and store it.
Holding it: You wait until the price rises to make a profit.
Selling when they rise: When the currency reaches a suitable price, you sell it for USDT or another currency that you see as low.
Advantages of this strategy:
✅ Avoid the high risks that come with trading with leverage (Futures). ✅ No need to follow the market all the time, unlike daily speculation. ✅ You can make good profits if you choose the right currencies at the right time.
Disadvantages:
❌ The period of holding the currency can be long before it rises.
❌ You do not benefit from rapid market fluctuations like active traders. ❌ Some currencies may not return to your purchase price, causing unrealized losses.
Tip: You can improve your strategy by using technical analysis (such as support and resistance indicators) and fundamental analysis (such as following currency news) to choose the best buy and sell points.
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